Financials in USD. Standardized financial statements.
A compact view of how United Airlines Holdings, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $59.07B | $57.06B | $53.72B | $44.95B | $24.63B | $15.36B | $43.26B | $41.30B | $37.78B | $36.56B |
| Revenue Growth? | +3.5% | +6.2% | +19.5% | +82.5% | +60.4% | -64.5% | +4.7% | +9.3% | +3.4% | 0.0% |
| Cost of Revenue? | $21.19B | $37.64B | $38.52B | $34.31B | $23.91B | $20.39B | $30.79B | $30.23B | $27.00B | $24.86B |
| Gross Profit? | $37.88B | $19.42B | $15.20B | $10.64B | $721.00M | -$5.03B | $12.47B | $11.07B | $10.78B | $11.70B |
| Gross Margin? | +64.1% | +34.0% | +28.3% | +23.7% | +2.9% | -32.8% | +28.8% | +26.8% | +28.5% | +32.0% |
| Operating Expenses? | $33.16B | $14.32B | $10.99B | $8.30B | $1.74B | $1.33B | $8.17B | $7.85B | $7.16B | $7.46B |
| Operating Income? | $4.71B | $5.10B | $4.21B | $2.34B | -$1.02B | -$6.36B | $4.30B | $3.23B | $3.62B | $4.34B |
| EBITDA? | $7.54B | $8.50B | $7.83B | $5.12B | $1.50B | -$5.34B | $6.85B | $5.42B | $5.78B | $6.34B |
| Income Before Tax | $4.31B | $4.17B | $3.39B | $990.00M | -$2.56B | -$8.82B | $3.91B | $2.65B | $3.02B | $3.82B |
| Income Tax Expense | $953.00M | $1.02B | $769.00M | $253.00M | -$593.00M | -$1.75B | $905.00M | $526.00M | $880.00M | $1.56B |
| Net Income? | $3.35B | $3.15B | $2.62B | $737.00M | -$1.96B | -$7.07B | $3.01B | $2.12B | $2.14B | $2.26B |
| EPS? | $10.21 | $9.58 | $7.99 | $2.26 | $-6.10 | $-25.30 | $11.63 | $7.89 | $7.43 | $7.19 |
| Diluted EPS? | $10.22 | $9.45 | $7.89 | $2.23 | $-6.10 | $-25.30 | $11.58 | $7.70 | $7.02 | $6.85 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality