United Airlines Holdings, Inc. (UAL) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	62.9B	59.1B	57.1B	53.7B	45.0B
Cost of Revenue	22.0B	21.2B	37.6B	38.5B	34.3B
Gross Profit	40.9B	37.9B	19.4B	15.2B	10.6B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	9.6B	2.1B	2.2B	2.0B	1.5B
General & Admin Expense	7.9B	—	—	—	—
Selling & Marketing Expense	1.8B	2.1B	2.2B	2.0B	1.5B
Other Expenses	26.4B	31.1B	12.1B	9.0B	6.8B
Total Operating Expenses	36.0B	33.2B	14.3B	11.0B	8.3B
Cost and Expenses	58.0B	54.4B	52.0B	49.5B	42.6B
Operating Income (EBIT)	4.9B	4.7B	5.1B	4.2B	2.3B
Non-Operating
Interest Income	562.0M	610.0M	726.0M	827.0M	298.0M
Interest Expense	1.3B	1.2B	1.4B	1.8B	1.7B
Net Interest Income	(710.0M)	(610.0M)	(676.0M)	(947.0M)	(1.4B)
Other Non-Op Income/Expense	(398.0M)	(407.0M)	(928.0M)	(824.0M)	(1.3B)
Non-Operating Income (excl Interest)	(483.0M)	114.0M	(474.0M)	(950.0M)	(326.0M)
EBT (Pre-Tax Income)	4.5B	4.3B	4.2B	3.4B	990.0M
Income Tax Expense	980.0M	953.0M	1.0B	769.0M	253.0M
Bottom Line
Net Income	3.5B	3.4B	3.1B	2.6B	737.0M
Earnings from Cont. Ops	3.5B	3.4B	3.1B	2.6B	737.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	3.5B	3.4B	3.1B	2.6B	737.0M
Per Share
Basic EPS	$10.72	$10.21	$9.58	$7.99	$2.26
Diluted EPS	$10.69	$10.22	$9.45	$7.89	$2.23
Revenue Per Share	$192.60	$180.64	$171.26	$161.89	$136.19
Shares
Basic Shares Outstanding	326.6M	327.0M	333.2M	331.8M	330.1M
Diluted Shares Outstanding	326.6M	327.0M	333.2M	331.9M	330.1M
Profitability Metrics
EBITDA	8.4B	7.5B	8.5B	7.8B	5.1B
D&A	3.0B	2.9B	2.9B	2.7B	2.5B
EBIT	5.4B	4.6B	5.6B	5.2B	2.7B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026