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Saturday 17 October 2026 Export UAL’s income statement to Excel — free account

United Airlines Holdings Inc

UAL Industrials Airlines

United Airlines Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $59.1 billion, up 3.52% from fiscal 2024. In the quarter to June 2026, revenue grew 16.0%, EPS fell 17.2%, free cash flow fell 69.3% and total debt fell 2.27%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

96.16 5.15 −5.08%
Market cap
$32.9B
P/E
9.0×
Fwd P/E
10.8×
Dividend yield
—
F-score
7/9
Altman Z
1.37
Beneish M
−2.65
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

United Airlines Holdings Inc (UAL) Gross margin

Alert me on Gross margin

United Airlines Holdings Inc's gross margin over the twelve months to 30 June 2026 was 67.7%, down 2.9 percentage points from fiscal 2025 (70.6%). Over the past ten years it has ranged from 35.4% (fiscal 2022) to 73.3% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Airlines industry median of 40.7% and above the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 70.6% 0.95
FY2024 69.6% 2.73
FY2023 66.9% 31.47
FY2022 35.4% (27.16)
FY2021 62.6% 1.98
FY2020 60.6% (7.97)
FY2019 68.6% 1.80
FY2018 66.8% (4.02)
FY2017 70.8% (2.52)
FY2016 73.3% 3.58

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 61.8% (6.85)
Mar 2026 68.6% (2.02)
Dec 2025 70.6% (0.07)
Sep 2025 70.7% (0.98)
42 more quarters

Against its own ten years

Low 35.4% High 73.3%
Ten-year median 68.6%
Current reading's percentile 45

Gross margin against peers

Company Gross margin
ALK Alaska Air Group, Inc. compare 100.0%
UAL United Airlines Holdings Inc 67.7%
CPA Copa Holdings, S.A. compare 62.4%
RYAAY Ryanair Holdings PLC compare 52.3%
DAL Delta Air Lines, Inc. compare 29.1%
LTM LATAM Airlines Group S.A. compare 27.0%
LUV Southwest Airlines Co. compare 23.2%
AAL American Airlines Group Inc. compare 21.1%
ZNH China Southern Airlines Company Limited compare −0.11%
Airlines industry median 40.7%
Industrials sector median 30.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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