Stocks Consumer discretionary UAL
NASDAQ · Consumer discretionaryUnited Airlines Holdings, Inc. (UAL)
United Airlines Holdings, Inc. brought in $65.6B of revenue over the twelve months to September 30, 2026, up 12.3% from a year earlier. Net income was $3.6B, a net margin of 5.5%. Operating cash flow minus capital spending left $2.6B of free cash flow in fiscal 2025. At September 30, 2026 it held $6.6B in cash against $26.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 21, 2026.
Key facts about United Airlines Holdings, Inc.
- Net worth
- United Airlines Holdings, Inc. has a market value (market cap) of $38.8B at the latest share price, and shareholders' equity of $17.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $59.1B (+3.5% year on year), with net income of $3.4B. Over the 12 months to September 30, 2026: revenue $65.6B, net income $3.6B.
- Cash flow
- In fiscal 2025 operations brought in $8.4B of cash; after $5.9B of capital spending, free cash flow was $2.6B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 21, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- United Airlines Holdings, Inc.'s next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What United Airlines Holdings, Inc. does
United Airlines Holdings provides scheduled air passenger and cargo transportation services. It operates a global fleet connecting major hubs across North America, Latin America, Europe, Asia, and the Pacific to domestic and international destinations for individual travelers, corporations, and freight shippers. Its shares trade on NASDAQ under the ticker UAL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $59.1B | $3.4B | $10.20 | $2.6B |
| 2024 | $57.1B | $3.1B | $9.45 | $3.8B |
| 2023 | $53.7B | $2.6B | $7.89 | -$260M |
| 2022 | $45B | $737M | $2.23 | $1.2B |
| 2021 | $24.6B | -$2B | -$6.10 | -$40M |
| 2020 | $15.4B | -$7.1B | -$25.30 | -$5.9B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where UAL ranks in Consumer discretionary
Latest SEC filings
What United Airlines Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 21, 2026
- October 21, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 17% to $17.9B versus the same quarter last year; diluted EPS $3.14 versus $2.90.
- October 20, 2026
- August 14, 2026Form 13F-HR filing 13F-HR
- July 16, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 16% to $17.7B versus the same quarter last year; diluted EPS $2.46 versus $2.97.
- July 15, 2026
- May 22, 2026
- May 15, 2026Form 13F-HR filing 13F-HR
- May 14, 2026Passive stake changed SCHEDULE 13G/A
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
What is UAL worth? A DCF from its reported cash flow
Insider trades
What the people running United Airlines Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $4.6M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Shapiro EdwardDirector | Gave as a gift | 50,000 | - |
| October 30, 2026 | Hart Brett JPresident | Sold | 39,000 | $4M |
| August 25, 2026 | Nocella Andrew PEVP & Chief Commercial Officer | Sold | 5,000 | $585K |
| August 19, 2026 | Shapiro EdwardDirector | Gave as a gift | 50,000 | - |
| August 4, 2026 | Nocella Andrew PEVP & Chief Commercial Officer | Sold | 3,000 | $396.9K |
| August 3, 2026 | Leskinen Michael D.EVP & Chief Financial Officer | Soldpre-planned (10b5-1) | 10,000 | $1.3M |
| July 28, 2026 | Gebo KateEVP HR and Labor Relations | Gave as a gift | 4,968 | - |
| July 28, 2026 | Gebo KateEVP HR and Labor Relations | Gave as a giftindirect | 4,968 | - |
Who owns UAL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| United Airlines Holdings, Inc.13D, may seek influence with 2 related filers | 8.7% | February 27, 2026 |
| Vanguard Capital Management13G, passive | 7.3% | April 30, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5% | February 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,068 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 22,436,107 | +1,544,993 |
| Vanguard Capital Management LLC | 21,008,797 | +22,851 |
| Fmr LLC | 19,473,813 | +2,453,195 |
| Primecap Management Co | 16,461,630 | +711,020 |
| Sanders Capital, LLC | 15,027,948 | -176,603 |
| Vanguard Portfolio Management LLC | 14,162,813 | +94,974 |
| State Street Corp | 11,788,111 | +162,283 |
| Capital World Investors | 11,353,742 | +241,131 |
| Geode Capital Management, LLC | 9,536,361 | +232,232 |
| Capital International Investors | 6,247,343 | -191,232 |
| Dimensional Fund Advisors LP | 5,385,982 | -278,556 |
| Par Capital Management Inc | 5,359,741 | +362,891 |
| Boston Partners | 4,379,941 | +862,907 |
| Citadel Advisors LLC | 4,331,239 | +236,448 |
| Morgan Stanley | 4,048,901 | -436,812 |
| Jpmorgan Chase & Co | 3,620,362 | +1,438,545 |
| Invesco Ltd. | 3,481,627 | -442,560 |
| Goldman Sachs Group Inc | 3,445,226 | -1,319,106 |
| Slate Path Capital LP | 3,325,452 | +212,400 |
| Newport Trust Company, LLC | 3,141,879 | -78,011 |
Insiders
9 insiders reported holding 1,824,550 shares in total, about $217.8M at the last price.
| Holder | Shares |
|---|---|
| Kirby J ScottChief Executive Officer, Director | 841,122 |
| Hart Brett JPresident | 325,122 |
| Nocella Andrew PEVP & Chief Commercial Officer | 214,955 |
| Gebo KateEVP HR and Labor Relations | 138,03669,018 held indirectly |
| Enqvist Torbjorn JEVP & Chief Operations Officer | 129,946 |
| Shapiro EdwardDirector | 100,000 |
| Leskinen Michael D.EVP & Chief Financial Officer | 47,436 |
| Whitehurst James MDirector | 18,892 |
| Bokemeier BrigitteVice President & Controller | 9,041 |
Questions about UAL
What does United Airlines Holdings, Inc. do?
United Airlines Holdings provides scheduled air passenger and cargo transportation services. It operates a global fleet connecting major hubs across North America, Latin America, Europe, Asia, and the Pacific to domestic and international destinations for individual travelers, corporations, and freight shippers. Its shares trade on NASDAQ under the ticker UAL.
What is United Airlines Holdings, Inc.'s net worth?
United Airlines Holdings, Inc. has a market value (market cap) of $38.8B at the latest share price, and shareholders' equity of $17.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is United Airlines Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.6B on revenue of $65.6B, a net margin of 5.5%.
How much revenue does United Airlines Holdings, Inc. make?
Over the twelve months to September 30, 2026 United Airlines Holdings, Inc. reported revenue of $65.6B. That is 12.3% more than a year earlier.
When did United Airlines Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 21, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is United Airlines Holdings, Inc.'s next earnings report?
United Airlines Holdings, Inc.'s next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values United Airlines Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.