# United Airlines Holdings, Inc.: overview

UAL · Nasdaq · CIK 100517 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ual.md) · [Financials](/companies/ual/financials.md) · [Filings](/companies/ual/filings.md) · [Insiders](/companies/ual/insiders.md)

Latest reported revenue: [$17.88bn](/filings/0000100517-26-000186.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 21, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000100517-26-000186).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [14.7 d](/filings/0000100517-26-000023.md) | [13.2](/filings/0000100517-26-000091.md) | [15.2](/filings/0000100517-26-000139.md) | [15.2](/filings/0000100517-26-000186.md) | [15.4 d](/filings/0000100517-26-000023.md) | [14.6](/filings/0000100517-26-000091.md) | [17.7](/filings/0000100517-26-000139.md) | [17.9](/filings/0000100517-26-000186.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [10.2% d](/filings/0000100517-26-000023.md) | [4.6%](/filings/0000100517-26-000091.md) | [8.7%](/filings/0000100517-26-000139.md) | [9.2%](/filings/0000100517-26-000186.md) | [9.0% d](/filings/0000100517-26-000023.md) | [6.8%](/filings/0000100517-26-000091.md) | [6.2%](/filings/0000100517-26-000139.md) | [8.1%](/filings/0000100517-26-000186.md) |
| Net margin | % | [6.7% d](/filings/0000100517-26-000023.md) | [2.9%](/filings/0000100517-26-000091.md) | [6.4%](/filings/0000100517-26-000139.md) | [6.2%](/filings/0000100517-26-000186.md) | [6.8% d](/filings/0000100517-26-000023.md) | [4.8%](/filings/0000100517-26-000091.md) | [4.6%](/filings/0000100517-26-000139.md) | [5.8%](/filings/0000100517-26-000186.md) |
| Diluted EPS | $ per share | not reported | [1.16](/filings/0000100517-26-000091.md) | [2.97](/filings/0000100517-26-000139.md) | [2.90](/filings/0000100517-26-000186.md) | not reported | [2.14](/filings/0000100517-26-000091.md) | [2.46](/filings/0000100517-26-000139.md) | [3.14](/filings/0000100517-26-000186.md) |
| Free cash flow | $bn | [0.5 d](/filings/0000100517-26-000023.md) | [2.5](/filings/0000100517-26-000091.md) | [0.9 d](/filings/0000100517-26-000139.md) | [(0.2) d](/filings/0000100517-26-000186.md) | [(0.6) d](/filings/0000100517-26-000023.md) | [3.1](/filings/0000100517-26-000091.md) | [0.3 d](/filings/0000100517-26-000139.md) | [(1.7) d](/filings/0000100517-26-000186.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [24.6](/filings/0000100517-24-000027.md) | [45.0](/filings/0000100517-25-000046.md) | [53.7](/filings/0000100517-26-000023.md) | [57.1](/filings/0000100517-26-000023.md) | [59.1](/filings/0000100517-26-000023.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(4.1%)](/filings/0000100517-24-000027.md) | [5.2%](/filings/0000100517-25-000046.md) | [7.8%](/filings/0000100517-26-000023.md) | [8.9%](/filings/0000100517-26-000023.md) | [8.0%](/filings/0000100517-26-000023.md) |
| Net margin | % | [(8.0%)](/filings/0000100517-24-000027.md) | [1.6%](/filings/0000100517-25-000046.md) | [4.9%](/filings/0000100517-26-000023.md) | [5.5%](/filings/0000100517-26-000023.md) | [5.7%](/filings/0000100517-26-000023.md) |
| Diluted EPS | $ per share | [(6.10)](/filings/0000100517-24-000027.md) | [2.23](/filings/0000100517-25-000046.md) | [7.89](/filings/0000100517-26-000023.md) | [9.45](/filings/0000100517-26-000023.md) | [10.20](/filings/0000100517-26-000023.md) |
| Free cash flow | $bn | [(0.0)](/filings/0000100517-24-000027.md) | [1.2](/filings/0000100517-25-000046.md) | [(0.3)](/filings/0000100517-26-000023.md) | [3.8](/filings/0000100517-26-000023.md) | [2.6](/filings/0000100517-26-000023.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ual/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $3.05bn | 22,436,107 |  | Added +1,544,993 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.86bn | 21,008,797 |  | Added +22,851 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $2.65bn | 19,473,813 |  | Added +2,453,195 |
| [PRIMECAP MANAGEMENT CO/CA/](/funds/763212.md) | 2026-06-30 | $2.24bn | 16,461,630 |  | Added +711,020 |
| [Sanders Capital, LLC](/funds/1508097.md) | 2026-06-30 | $2.04bn | 15,027,948 |  | Reduced −176,603 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.93bn | 14,162,813 |  | Added +94,974 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.60bn | 11,788,111 |  | Added +162,283 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $1.54bn | 11,353,742 |  | Added +241,131 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.31bn | 9,536,361 |  | Added +232,232 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.09bn | 8,025,000 | Call | Added +4,926,700 |

## Recent filings

[All 2,151 filings](/companies/ual/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 16:20 ET | [10-Q](/filings/0000100517-26-000186.md) | Quarterly report, period 2026-09-30 | 0000100517-26-000186 |
| 2026-10-20 | 16:00 ET | [8-K](/filings/0000100517-26-000184.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000100517-26-000184 |
| 2026-07-16 | 16:25 ET | [10-Q](/filings/0000100517-26-000139.md) | Quarterly report, period 2026-06-30 | 0000100517-26-000139 |
| 2026-07-15 | 16:00 ET | [8-K](/filings/0000100517-26-000135.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000100517-26-000135 |
| 2026-05-22 | 16:20 ET | [8-K](/filings/0001104659-26-065739.md) | 5.07 Shareholder vote results | 0001104659-26-065739 |
| 2026-04-27 | 07:07 ET | [8-K](/filings/0001104659-26-048992.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-048992 |
| 2026-04-22 | 16:02 ET | [10-Q](/filings/0000100517-26-000091.md) | Quarterly report, period 2026-03-31 | 0000100517-26-000091 |
| 2026-04-21 | 16:00 ET | [8-K](/filings/0000100517-26-000089.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000100517-26-000089 |
| 2026-04-07 | 17:09 ET | [DEF 14A](/filings/0001104659-26-040467.md) | Proxy statement, period 2026-05-19 | 0001104659-26-040467 |
| 2026-02-27 | 16:15 ET | [SCHEDULE 13D](/filings/0001104659-26-021571.md) | Ownership report, active investor | 0001104659-26-021571 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000100517-26-000023.md), filed Feb 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 100517
- Tickers: UAL
- Exchange: Nasdaq
- SIC code: 4512 Air Transportation, Scheduled
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 11:12 ET. No prices; not investment advice.