FY2025 · ended Dec 31, 2025 · Revenue $59.07B, +3.5% YoY · Filed Feb 12, 2026
United Airlines Holdings, Inc. (UAL) files with the SEC under industry code 4512, Air Transportation, Scheduled. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $59.1 billion and net income of $3.4 billion. Free cash flow was $2.6 billion. As of Sep 30, 2026 it held $14.7 billion in cash and investments and $32.4 billion in total debt.
Revenue (TTM)
$65.55B
+12.3% vs year-ago TTM
Net income (TTM)
$3.58B
+8.6% vs year-ago TTM
Operating cash flow (TTM)
$8.16B
-12.9% vs year-ago TTM
Free cash flow (TTM)
$1.12B
-69.9% vs year-ago TTM
EPS (TTM)
$10.94
+9.6% vs year-ago TTM
Dividend per share
None
Shares outstanding
323.43M
-1.2% vs prior year
Net cash
$-17.79B
as of Sep 30, 2026
Operating margin
7.5%
FY 2026
Company profile
- Industry
- Air Transportation, Scheduled (SIC 4512)
- Listed as
- UAL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Chicago, IL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 100517
- Former names
- United Continental Holdings, Inc. (until Jun 27, 2019); UAL CORP /DE/ (until Sep 30, 2010)
Other Air Transportation, Scheduled companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $59.1B | $57.1B | $53.7B | $45.0B | $24.6B |
| Operating income | $4.7B | $5.1B | $4.2B | $2.3B | -$1.0B |
| Net income | $3.4B | $3.1B | $2.6B | $737.0M | -$2.0B |
| Diluted EPS | $10.20 | $9.45 | $7.89 | $2.23 | -$6.10 |
| Operating cash flow | $8.4B | $9.4B | $6.9B | $6.1B | $2.1B |
| Free cash flow | $2.6B | $3.8B | -$260.0M | $1.2B | -$40.0M |
| Total assets | $76.4B | $74.1B | $71.1B | $67.4B | $68.2B |
| Stockholders' equity | $15.3B | $12.7B | $9.3B | $6.9B | $5.0B |
| Cash and investments | $12.2B | $14.5B | $14.4B | $16.4B | $18.4B |
| Total debt | $27.8B | $29.9B | $34.4B | $36.4B | $39.4B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 21, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 20, 2026 | Oct 20, 2026 |
| 10-Q | Quarterly report | Jul 16, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Jul 15, 2026 | Jul 15, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 22, 2026 | May 19, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Apr 27, 2026 | Apr 27, 2026 |
All 1012 United Airlines Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.