United Airlines Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $59.1B | $57.1B | $53.7B | $45.0B | $24.6B |
| Operating income | $4.7B | $5.1B | $4.2B | $2.3B | -$1.0B |
| Interest expense | $1.4B | $1.6B | $2.0B | $1.8B | — |
| Pretax income | $4.3B | $4.2B | $3.4B | $990.0M | -$2.6B |
| Income tax expense | $953.0M | $1.0B | $769.0M | $253.0M | -$593.0M |
| Net income | $3.4B | $3.1B | $2.6B | $737.0M | -$2.0B |
| Balance Sheet | |||||
| Cash and equivalents | $5.9B | $8.8B | $6.1B | $7.2B | $18.3B |
| Current assets | $16.9B | $18.9B | $18.5B | $20.1B | $21.8B |
| Total assets | $76.4B | $74.1B | $71.1B | $67.4B | $68.2B |
| Current liabilities | $26.1B | $23.3B | $22.2B | $20.0B | $18.3B |
| Total debt | $21.4B | $24.8B | $29.4B | $31.6B | $33.9B |
| Stockholders' equity | $15.3B | $12.7B | $9.3B | $6.9B | $5.0B |
| Cash Flow Statement | |||||
| Cash from operations | $8.4B | $9.4B | $6.9B | $6.1B | $2.1B |
| Depreciation and amortization | $2.9B | $2.9B | $2.7B | $2.5B | $2.5B |
| Stock-based compensation | $148.0M | $142.0M | $80.0M | $89.0M | $238.0M |
| Capital expenditure | $5.9B | $5.6B | $7.2B | $4.8B | $2.1B |
| Free cash flow | $2.6B | $3.8B | -$260.0M | $1.2B | -$40.0M |
| Share repurchases | $637.0M | $162.0M | $0 | $0 | $0 |
| Impairments | — | — | $0 | $0 | $97.0M |
Shares outstanding 324.6M · Free float 96.3%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.