NASDAQ:UAL
United Airlines Holdings, Inc.
United Airlines Holdings, Inc.'s revenue grew 3.5% in fiscal 2025 to $59.1B while operating margin fell to 8.0%. Free cash flow was $2.6B, 4.3% of revenue, and the diluted share count fell 1.4%.Summary generated from United Airlines Holdings, Inc.'s SEC filings. Latest annual report filed Feb 12, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$59.1B
Revenue growth+3.5%
Revenue, 5-yr CAGR+30.9%
Gross marginn/a
Operating margin8.0%
Net margin5.7%
ROIC12.4%
Return on equity24.0%
Debt / equity1.39
Free cash flow$2.6B
FCF margin4.3%
Share count change−1.4%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 24.6 | 45.0 | 53.7 | 57.1 | 59.1 |
| Operating income | −1.0 | 2.3 | 4.2 | 5.1 | 4.7 |
| Net income | −2.0 | 0.7 | 2.6 | 3.1 | 3.4 |
| Free cash flow | −0.0 | 1.2 | −0.3 | 3.8 | 2.6 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 16, 2026 - 8-KResults of operations and financial condition
Jul 15, 2026 - 8-KResults of a shareholder vote
May 22, 2026 - 8-KRegulation FD disclosure
Apr 27, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 22, 2026 - 8-KResults of operations and financial condition
Apr 21, 2026