United Airlines Holdings, Inc. (UAL) Earnings History
Profitable41 years of earnings data (1985–2025) · Positive TTM net income
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United Airlines Holdings, Inc. (UAL) Earnings Overview
As of June 23, 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% |
| 2015 | $7.34B | +548.4% | $5.17B | $19.47 | 19.4% | 13.6% |
| 2014 | $1.13B | +98.2% | $2.37B | $2.93 | 2.9% | 6.1% |
| 2013 | $571M | +179.0% | $1.25B | $1.53 | 1.5% | 3.3% |
| 2012 | -$723M | -186.1% | $39M | $-2.18 | -1.9% | 0.1% |
| 2011 | $840M | +232.0% | $1.82B | $2.26 | 2.3% | 4.9% |
| 2010 | $253M | +138.9% | $976M | $1.08 | 1.1% | 4.2% |
| 2009 | -$651M | +87.8% | -$161M | $-4.32 | -4.0% | -1.0% |
| 2008 | -$5.35B | -1427.0% | -$4.44B | $-42.21 | -26.5% | -22.0% |
| 2007 | $403M | -98.2% | $1.04B | $2.79 | 2.0% | 5.1% |
| 2006 | $22.88B | +208.0% | $447M | $196.84 | 118.3% | 2.3% |
| 2005 | -$21.18B | -1130.4% | -$219M | $-182.29 | -121.8% | -1.3% |
| 2004 | -$1.72B | +38.7% | -$854M | $-15.25 | -10.5% | -5.2% |
| 2003 | -$2.81B | +12.6% | -$1.36B | $-27.36 | -20.5% | -9.9% |
| 2002 | -$3.21B | -49.7% | -$2.84B | $-29.32 | -22.5% | -19.9% |
| 2001 | -$2.15B | -4390.0% | -$3.77B | $-19.58 | -12.3% | -21.7% |
| 2000 | $50M | -96.0% | $654M | $0.46 | 0.3% | 3.4% |
| 1999 | $1.24B | +50.4% | $1.39B | $11.28 | 6.9% | 7.7% |
| 1998 | $821M | -13.5% | $1.48B | $7.79 | 4.7% | 8.4% |
| 1997 | $949M | +78.0% | $1.26B | $9.01 | 5.5% | 7.2% |
| 1996 | $533M | +52.7% | $1.12B | $5.06 | 3.3% | 6.9% |
| 1995 | $349M | +584.3% | $829M | $3.31 | 2.3% | 5.5% |
| 1994 | $51M | +202.0% | $521M | $0.48 | 0.4% | 3.7% |
| 1993 | -$50M | +94.8% | $263M | $-0.53 | -0.3% | 1.8% |
| 1992 | -$957M | -188.3% | -$538M | $-10.07 | -7.4% | -4.2% |
| 1991 | -$332M | -453.2% | -$494M | $-3.57 | -2.8% | -4.2% |
| 1990 | $94M | -71.0% | -$36M | $1.08 | 0.9% | -0.3% |
| 1989 | $324M | -71.2% | $465M | $3.72 | 3.3% | 4.7% |
| 1988 | $1.12B | +235.5% | $665M | $9.45 | 12.5% | 7.4% |
| 1987 | $335M | +2945.5% | $247M | $1.50 | 4.0% | 3.0% |
| 1986 | $11M | +122.4% | $90M | $0.06 | 0.2% | 1.3% |
| 1985 | -$49M | - | -$243M | $-0.35 | -0.9% | -4.6% |
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UAL — Frequently Asked Questions
Quick answers to the most common questions about buying UAL stock.
What is UAL earnings per share (EPS)?
UAL trailing twelve-month (TTM) diluted EPS is $11.21, reflecting +8.1% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1985 to 2025 is available in the table on this page.
What is United Airlines Holdings, Inc.'s net income?
United Airlines Holdings, Inc. (UAL) trailing twelve-month net income is $3.7B as of 2025. Earnings grew +8.1% year-over-year. United Airlines Holdings, Inc. has been profitable for 4 consecutive years.
Is UAL profitable?
Yes, UAL is profitable with a TTM net income of $3.7B and a net profit margin of +5.7%. United Airlines Holdings, Inc. has generated profits for 4 consecutive years.
What is UAL's earnings growth rate?
UAL compound annual EPS growth rates (CAGR): 1-Year: +8.1%, 3-Year: +66.1%, 5-Year: N/A, 10-Year: -6.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1985 to 2025.
What are UAL's profit margins?
United Airlines Holdings, Inc. net profit margin is +5.7%, operating margin is +8.0%, and gross margin is +64.1%. Margins are within a typical range for the sector. Return on Equity is +24.0%.
Is UAL growing earnings?
UAL is growing earnings steadily. YoY EPS growth of +8.1% is consistent with the 5-year CAGR of N/A. TTM net income is $3.7B.
What was UAL's best earnings year?
United Airlines Holdings, Inc.'s highest annual net income on record is $22.9B, achieved in fiscal year 2006. Earnings history on this page spans 1985 to 2025 and includes all annual and quarterly figures.
What were UAL's earnings last quarter?
UAL's most recent reported quarter was Q1 2026. Net income was $699M with diluted EPS of $2.14. For a full breakdown of all quarters, see the quarterly earnings table on this page.