United Airlines

UAL Industrials Market cap $35.4B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 16, 2026

Revenue$17.67B +16% year over year

Operating profit$1.03B 6% margin

Net profit$0.81B 5% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	17.67	100%	+16%
Passenger	16.10	91%	+16%
Product & service other	1.05	6%	+8%
Cargo & freight	0.53	3%	+23%
Operating expenses	−16.65	94%
Compensation	−4.69	27%	−2pp
D&A	−0.76	4%	+0pp
Interest	−0.34	2%	+0pp
Underwriting	−2.70	15%	−1pp
Other	−8.15	46%	+0pp
Operating profit	1.03	6% margin	−2pp
Tax	−0.22
Net profit	0.81	5% margin	−2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	14.61	100%	+11%
Passenger	13.17	90%	+11%
Product & service other	1.02	7%	+11%
Cargo & freight	0.42	3%	−2%
Operating expenses	−13.74	94%
Compensation	−4.56	31%	+0pp
D&A	−0.76	5%	+0pp
Interest	−0.33	2%	+0pp
Underwriting	−2.54	18%	+0pp
Other	−5.55	38%	+0pp
Operating profit	0.87	6% margin	+2pp
Tax	−0.17
Net profit	0.70	5% margin	+2pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	15.40	100%	+5%
Passenger	13.93	91%	+5%
Product & service other	0.98	6%	+9%
Cargo & freight	0.49	3%	−6%
Operating expenses	−14.07	91%
Compensation	−4.52	29%	+0pp
D&A	−0.75	5%	+0pp
Interest	−0.33	2%	+0pp
Underwriting	−2.56	17%	+0pp
Other	−5.91	38%	+0pp
Operating profit	1.33	9% margin	+0pp
Tax	−0.28
Net profit	1.04	7% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	15.23	100%	+3%
Passenger	13.82	91%	+2%
Product & service other	0.98	6%	+13%
Cargo & freight	0.43	3%	+3%
Operating expenses	−13.97	92%
Compensation	−4.56	30%	+1pp
D&A	−0.73	5%	+0pp
Interest	−0.33	2%	+0pp
Underwriting	−2.55	17%	+1pp
Other	−5.81	38%	+0pp
Operating profit	1.26	8% margin
Tax	−0.31
Net profit	0.95	6% margin

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	14.84	100%	+2%
Passenger	13.56	91%	+2%
Product & service other	0.87	6%	+8%
Cargo & freight	0.42	3%	+25%
Operating expenses	−13.56	91%
Compensation	−4.32	29%	+2pp
D&A	−0.74	5%	+0pp
Interest	−0.38	3%	−1pp
Underwriting	−2.30	15%	+1pp
Other	−5.81	39%	+0pp
Operating profit	1.29	9% margin	−2pp
Tax	−0.32
Net profit	0.97	7% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	14.99	100%	+6%
Passenger	13.68	91%	+5%
Product & service other	0.89	6%	+10%
Cargo & freight	0.41	3%	+14%
Operating expenses	−13.25	88%
Compensation	−4.10	27%	+1pp
D&A	−0.72	5%	+0pp
Interest	−0.43	3%	+0pp
Underwriting	−2.21	15%	+1pp
Other	−5.79	38%	+0pp
Operating profit	1.74	12% margin	+2pp
Tax	−0.42
Net profit	1.32	9% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY24 (period ends Mar 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	12.54	100%	+10%
Passenger	11.31	90%	+10%
Product & service other	0.84	7%	+10%
Cargo & freight	0.39	3%	−2%
Operating expenses	−12.70	101%
Compensation	−3.93	31%	+2pp
D&A	−0.71	6%	+0pp
Interest	−0.45	4%	+0pp
Underwriting	−2.15	17%	+1pp
Other	−5.46	43%	+0pp
Operating profit	−0.16	−1% margin	+1pp
Net profit	−0.12	−1% margin	+1pp

The lines between operating profit and net profit are not in the source for this quarter, so the two do not meet.

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 16, 2026 Operating margin 6% Net profit $0.81B	Apr 1 – Jun 30, 2026	Jul 16, 2026	$17.7B	+16%	6%	$0.81B	5%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 22, 2026 Operating margin 6% Net profit $0.70B	Jan 1 – Mar 31, 2026	Apr 22, 2026	$14.6B	+11%	6%	$0.70B	5%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 12, 2026 Operating margin 9% Net profit $1.04B	Oct 1 – Dec 31, 2025	Feb 12, 2026	$15.4B	+5%	9%	$1.04B	7%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 16, 2025 Operating margin 8% Net profit $0.95B	Jul 1 – Sep 30, 2025	Oct 16, 2025	$15.2B	+3%	8%	$0.95B	6%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Oct 16, 2024 Operating margin 9% Net profit $0.97B	Jul 1 – Sep 30, 2024	Oct 16, 2024	$14.8B	+2%	9%	$0.97B	7%
Q2 FY24 Apr 1 – Jun 30, 2024 reported Jul 18, 2024 Operating margin 12% Net profit $1.32B	Apr 1 – Jun 30, 2024	Jul 18, 2024	$15.0B	+6%	12%	$1.32B	9%
Q1 FY24 Jan 1 – Mar 31, 2024 reported Apr 17, 2024 Operating margin −1% Net profit −$0.12B	Jan 1 – Mar 31, 2024	Apr 17, 2024	$12.5B	+10%	−1%	−$0.12B	−1%