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United Airlines Holdings, Inc. (UAL) stock

UALNasdaqAir Transportation, ScheduledFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026Score 10/3023% below fair value
$104.24−0.97 (-0.92%)

Close on Oct 30, 2026Market cap $33.83BP/E 9.8Yield –

Earnings

United Airlines's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 19, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$17.90B
+17.8% on a year earlier
adjusted diluted earnings per share, Q3 FY2026
$2.54
$2.78 a year earlier
Latest guidance
Issued
Oct 20, 2026 · 1 item

Quarterly results

Revenue and earnings per share from each of United Airlines's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 19, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 20, 2026after the close$17.90B+17.8%$3.14$2.54Release
Q2 FY2026ended Jun 30, 2026Jul 15, 2026after the close$17.70B+16.4%$2.46$1.99Release
Q1 FY2026ended Mar 31, 2026Apr 21, 2026after the close$14.60B+10.6%$2.14$1.19Release
Q4 FY2025ended Dec 31, 2025Jan 20, 2026after the close$15.40B+4.8%$3.19$3.10Release
Q3 FY2025ended Sep 30, 2025Oct 15, 2025after the close$15.20B+2.7%$2.90$2.78Release
Q2 FY2025ended Jun 30, 2025Jul 16, 2025after the close$15.20B+1.3%$2.97$3.87Release
Q1 FY2025ended Mar 31, 2025Apr 15, 2025after the close$13.20B+5.6%$1.16$0.91Release
Q4 FY2024ended Dec 31, 2024Jan 21, 2025during market hours$14.70B+8.1%$2.95$3.26Release
Q3 FY2024ended Sep 30, 2024Oct 15, 2024after the close$14.80B+2.1%$2.90$3.33Release
Q2 FY2024ended Jun 30, 2024Jul 17, 2024after the close$15.00B+5.6%$3.96$4.14Release
Q1 FY2024ended Mar 31, 2024Apr 16, 2024after the close$12.50B+9.6%-$0.38-$0.15Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

United Airlines's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
total operating revenue growthQ4 FY2026+20%–NewOct 20, 2026
adjusted diluted earnings per sharenon-GAAPFY2026$9.00 – $11.00–NewJul 15, 2026
adjusted diluted earnings per sharenon-GAAPFY2026$20.00–NewOct 19, 2021
adjusted pre-tax marginnon-GAAPFY202614%–NewJul 20, 2022
TRASMFY2026-1%–NewOct 19, 2021

Guidance vs results

The last range United Airlines gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q4 FY2025adjusted diluted earnings per share$3.00 – $3.50$3.10Within range
Q2 FY2023adjusted diluted EPS$3.50 – $4.00$5.03Above range
Q3 FY2022Revenue growth+11%+65.38%Above range

Guidance history

Every forecast United Airlines put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 20, 2026total operating revenue growthQ4 FY2026+20%New
Jul 15, 2026adjusted diluted earnings per shareFY2026$9.00 – $11.00New
Oct 15, 2025adjusted diluted earnings per shareQ4 FY2025$3.00 – $3.50New
Jul 16, 2025adjusted diluted earnings per shareFY2025$9.00 – $11.00New
Jul 17, 2024adjusted diluted earnings per shareFY2024$9.00 – $11.00Reaffirmed
Apr 16, 2024adjusted diluted earnings per shareFY2024$9.00 – $11.00New
Jul 19, 2023adjusted earnings per shareFY2023$11.00 – $12.00Raised
Apr 18, 2023adjusted diluted EPSFY2023$10.00 – $12.00New
Apr 18, 2023adjusted diluted EPSQ2 FY2023$3.50 – $4.00New
Jan 17, 2023adjusted pre-tax marginFY20239%Reaffirmed
Oct 18, 2022adjusted pre-tax marginFY20239%Reaffirmed
Jul 20, 2022adjusted pre-tax marginFY202614%New
Jul 20, 2022adjusted pre-tax marginFY20239%New
Jul 20, 2022TRASMQ3 FY2022+24% – +26%New
Jul 20, 2022Total operating revenueQ3 FY2022+11%New
Apr 20, 2022operating marginQ2 FY202210%New
Apr 20, 2022operating marginQ2 FY202210%New
Apr 20, 2022total revenue per available seat mile (TRASM)Q2 FY2022+17%New
Jan 19, 2022adjusted capital expendituresFY2022$4.20BNew
Jan 19, 2022fuel priceQ1 FY2022$3New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases United Airlines filed with the SEC as exhibits to Form 8-K or 6-K

  1. United Delivers Record 17% Revenue Growth in Q3, and Expects Record Q4 Revenue Growth, Underpinned by Accelerating Customer Investments
    Results
  2. Issue Date: October 20, 2026
    Results
  3. United Posts Q2 Results Above Wall Street Expectations and Raises Full-Year 2026 Adjusted EPS Guidance 1 Despite a Nearly $6 Billion Increase In Anticipated Fuel Costs
    Results
  4. Issue Date: July 15, 2026
    Results
  5. CHICAGO (April 27, 2026) – Over
    Update
  6. United's Long-Term Strategy Remains Focused on Winning Brand-Loyal Customers, Boosted by Q1 Growth in Earnings and Margins
    Results
  7. Issue Date: April 21, 2026
    Results
  8. United Airlines Q4 and Full Year EPS Beat Wall Street Expectations, With Full Year EPS Up Year-Over-Year
    Results
  9. Issue Date: January 20, 2026
    Results
  10. United Airlines Continues to Win Brand-Loyal Customers as Q3 Profit and Q4 Outlook Both Exceed Wall Street Expectations
    Results
  11. Issue Date: October 15, 2025
    Results
  12. United Airlines Reports Second-Quarter Profit, Sees Third-Quarter Positive Inflection in Both Supply and Demand
    Results
  13. Issue Date: July 16, 2025
    Results
  14. United Airlines Reports Best First-Quarter Financial Performance in Five Years Despite Challenging Macroeconomic Environment
    Results
  15. Issue Date: April 15, 2025
    Results