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United Airlines Holdings stock: growth
UALUnited Airlines Holdings reported $59.07B in revenue for fiscal 2025, up 3.5% on the prior year, up 30.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
6.1%
per year from 2006 to 2025, per share 0.4%
Earnings (Annual rate)
−9.6%
per year from 2006 to 2025, per share −14.4%
Free cash flow (Annual rate)
4.1%
per year from 2006 to 2025, per share −1.5%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 30.9% | 4.5% | 6.1% |
| Revenue per share | 26.9% | 6.0% | 0.4% |
| Earnings | no data | −7.5% | −9.6% |
| Earnings per share | no data | −6.3% | −14.4% |
| Free cash flow | no data | −2.4% | 4.1% |
| Free cash flow per share | no data | −1.0% | −1.5% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $19.34B | $22.88B | $1.2B |
| 2007 | $20.14B | $403M | $1.48B |
| 2008 | $20.19B | −$5.35B | −$1.65B |
| 2009 | $16.34B | −$651M | $649M |
| 2010 | $23.23B | $253M | $1.54B |
| 2011 | $37.11B | $840M | $1.71B |
| 2012 | $37.15B | −$723M | −$1.08B |
| 2013 | $38.28B | $571M | −$720M |
| 2014 | $38.9B | $1.13B | $629M |
| 2015 | $37.86B | $7.34B | $3.25B |
| 2016 | $36.56B | $2.26B | $2.32B |
| 2017 | $37.78B | $2.14B | −$396M |
| 2018 | $41.3B | $2.12B | $2.09B |
| 2019 | $43.26B | $3.01B | $2.38B |
| 2020 | $15.36B | −$7.07B | −$5.86B |
| 2021 | $24.63B | −$1.96B | −$40M |
| 2022 | $44.96B | $737M | $1.25B |
| 2023 | $53.72B | $2.62B | −$260M |
| 2024 | $57.06B | $3.15B | $3.83B |
| 2025 | $59.07B | $3.35B | $2.56B |
Revenue by segment
How United Airlines Holdings, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Passenger90%
- Cargo and Freight3%
- Other7%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Passenger | $37.71B | $39.63B | $11.81B | $20.2B | $40.03B | $49.05B | $51.83B | $53.44B | 90.5% |
| Cargo and Freight | $1.24B | $1.18B | $1.65B | $2.35B | $2.17B | $1.5B | $1.74B | $1.78B | 3% |
| Other | $2.36B | $2.46B | $1.9B | $2.09B | $2.75B | $3.18B | $3.49B | $3.85B | 6.5% |
| Total revenue | $41.3B | $43.26B | $15.36B | $24.63B | $44.96B | $53.72B | $57.06B | $59.07B | 100% |
Revenue by region
Where United Airlines Holdings, Inc. generates its revenue.
- International59%
- Atlantic Destination20%
- Pacific Destination12%
- Latin America Destination9%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| International | $22.2B | $23.13B | $25.55B | $26.96B | $9.91B | $16.85B | $28.47B | $32.4B | $34.07B | $35.02B | 59.3% |
| Atlantic Destination | $6.16B | $6.29B | $7.1B | $7.39B | $2.23B | $3.41B | $9.07B | $10.98B | $11.1B | $11.65B | 19.7% |
| Pacific Destination | $4.96B | $4.9B | $5.19B | $5.13B | $1.71B | $1.51B | $2.93B | $5.27B | $6.46B | $6.88B | 11.6% |
| Latin America Destination | $3.24B | $3.42B | $3.46B | $3.78B | $1.51B | $2.87B | $4.48B | $5.07B | $5.44B | $5.53B | 9.4% |
| Total revenue | $36.56B | $37.78B | $41.3B | $43.26B | $15.36B | $24.63B | $44.96B | $53.72B | $57.06B | $59.07B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Nov 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.