United Airlines Holdings, Inc. (UAL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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UAL Revenue Growth
Revenue Breakdown (FY 2025)
UAL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
UAL Revenue Analysis (2014–2025)
As of May 8, 2026, United Airlines Holdings, Inc. (UAL) generated trailing twelve-month (TTM) revenue of $60.47 billion, reflecting strong growth of +10.6% year-over-year. The most recent quarter (Q1 2026) recorded $14.61 billion in revenue, down 5.1% sequentially.
Looking at the longer-term picture, UAL's 5-year compound annual growth rate (CAGR) stands at +30.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $59.07 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows UAL's business is primarily driven by Passenger (97%), and Cargo and Freight (3%). With over half of revenue concentrated in Passenger, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including DAL (+2.8% YoY), AAL (+3.3% YoY), and LUV (+4.7% YoY), UAL has underperformed the peer group in terms of revenue growth. Compare UAL vs DAL →
UAL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| UALCurrent | $60.5B | +10.6% | +30.9% | 8.0% | |
 DAL | $63.4B | +2.8% | +30.0% | 9.2% | |
 AAL | $54.6B | +3.3% | +25.8% | 2.7% | |
 LUV | $28.1B | +4.7% | +25.4% | 1.5% | |
 ALK | $14.2B | +21.3% | +31.9% | 2.1% | |
 JBLU | $9.1B | -0.5% | +25.1% | -4.1% |
UAL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $59.07B | +3.5% | $37.88B | 64.1% | $4.71B | 8.0% |
| 2024 | $57.06B | +6.2% | $19.42B | 34.0% | $5.10B | 8.9% |
| 2023 | $53.72B | +19.5% | $15.20B | 28.3% | $4.21B | 7.8% |
| 2022 | $44.95B | +82.5% | $10.64B | 23.7% | $2.34B | 5.2% |
| 2021 | $24.63B | +60.4% | $721.0M | 2.9% | $-1,022,000,000 | -4.1% |
| 2020 | $15.36B | -64.5% | $-5,030,000,000 | -32.8% | $-6,359,000,000 | -41.4% |
| 2019 | $43.26B | +4.7% | $12.47B | 28.8% | $4.30B | 9.9% |
| 2018 | $41.30B | +9.3% | $11.07B | 26.8% | $3.23B | 7.8% |
| 2017 | $37.78B | +3.4% | $10.78B | 28.5% | $3.62B | 9.6% |
| 2016 | $36.56B | -3.5% | $11.70B | 32.0% | $4.34B | 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's revenue growth accelerating or slowing?
UAL maintains +10.6% revenue growth, in line with its 5-year CAGR of +30.9%. TTM revenue stands at $60.5B. Growth rate remains consistent with historical average.
What is UAL's long-term revenue growth rate?
United Airlines Holdings, Inc.'s 5-year revenue CAGR of +30.9% reflects the sustained expansion pattern. Current YoY growth of +10.6% is near this long-term average.
How is UAL's revenue distributed by segment?
UAL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.