United Airlines Holdings, Inc. (UAL) Earnings History
Annual and quarterly earnings data from 1985 to 2025
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UAL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UAL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 64.1% | 8.0% | 5.7% |
| 2024 | 34.0% | 8.9% | 5.5% |
| 2023 | 28.3% | 7.8% | 4.9% |
| 2022 | 23.7% | 5.2% | 1.6% |
| 2021 | 2.9% | -4.1% | -8.0% |
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United Airlines Holdings, Inc. (UAL) Earnings Overview
As of May 8, 2026, United Airlines Holdings, Inc. (UAL) reported trailing twelve-month net income of $3.67B, reflecting +8.1% year-over-year growth. The company earned $11.21 per diluted share over the past four quarters, with a net profit margin of 5.7%.
Looking at the long-term picture, UAL's historical earnings data spans multiple years. The company achieved its highest annual net income of $22.88B in fiscal 2006.
United Airlines Holdings, Inc. maintains positive profitability with a gross margin of 64.1%, operating margin of 8.0%, and net margin of 5.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including DAL ($5.01B net income, 7.9% margin), AAL ($202M net income, 0.2% margin), LUV ($817M net income, 1.6% margin), UAL has room to improve margins relative to the peer group. Compare UAL vs DAL →
UAL Earnings vs Peers
Earnings metrics vs comparable public companies
UAL Historical Earnings Data (1985–2025)
41 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.35B | +6.5% | $4.71B | $10.22 | 5.7% | 8.0% |
| 2024 | $3.15B | +20.3% | $5.10B | $9.45 | 5.5% | 8.9% |
| 2023 | $2.62B | +255.2% | $4.21B | $7.89 | 4.9% | 7.8% |
| 2022 | $737M | +137.5% | $2.34B | $2.23 | 1.6% | 5.2% |
| 2021 | -$1.96B | +72.2% | -$1.02B | $-6.10 | -8.0% | -4.1% |
| 2020 | -$7.07B | -334.9% | -$6.36B | $-25.30 | -46.0% | -41.4% |
| 2019 | $3.01B | +41.8% | $4.30B | $11.58 | 7.0% | 9.9% |
| 2018 | $2.12B | -1.0% | $3.23B | $7.70 | 5.1% | 7.8% |
| 2017 | $2.14B | -5.3% | $3.62B | $7.02 | 5.7% | 9.6% |
| 2016 | $2.26B | -69.2% | $4.34B | $6.85 | 6.2% | 11.9% |
Full UAL Stock Analysis
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Start ComparisonUAL — Frequently Asked Questions
Quick answers to the most common questions about buying UAL stock.
Is UAL growing earnings?
UAL EPS stands at $11.21, with +8.1% growth matching the 5-year CAGR of N/A. TTM net income is $3.7B. Earnings trajectory remains consistent.
What are UAL's profit margins?
United Airlines Holdings, Inc. net margin is +5.7%, with operating margin at +8.0%. Margins sit within typical range for the sector.
How consistent are UAL's earnings?
UAL earnings data spans 1985-2025. The current earnings trend is +8.1% YoY. Historical data enables comparison across business cycles.