United Airlines Holdings, Inc.
Close on Nov 2, 2026Market cap $35.46BP/E 10.2Yield –
United Airlines Total MileagePlus Frequent Flyer Deferred Revenue by Year
Total MileagePlus Frequent Flyer Deferred Revenue Liability (Balance Sheet & Note 2, $M) ($M)
United Airlines Total MileagePlus Frequent Flyer Deferred Revenue: $7,777M in FY2025, up 4.5% from a year earlier. That is the highest of the 9 years on record here.
Where the FY2025 figure comes from
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total MileagePlus Frequent Flyer Deferred Revenue Liability (Balance Sheet & Note 2, $M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7,777 | +4.5% | SEC 10-Q (FY2026Q3, filed 2026-10-21) ↗ |
| FY2024 | Dec 31, 2024 | 7,441 | +4.2% | SEC 10-Q (FY2026Q3, filed 2026-10-21) ↗ |
| FY2023 | Dec 31, 2023 | 7,143 | +7.0% | SEC 10-K (FY2025, filed 2026-02-12) ↗ |
| FY2022 | Dec 31, 2022 | 6,675 | +6.3% | SEC 10-K (FY2024, filed 2025-02-27) ↗ |
| FY2021 | Dec 31, 2021 | 6,282 | +5.1% | SEC 10-K (FY2023, filed 2024-02-29) ↗ |
| FY2020 | Dec 31, 2020 | 5,975 | +13.2% | SEC 10-K (FY2022, filed 2023-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 5,276 | +5.4% | SEC 10-K (FY2021, filed 2022-02-18) ↗ |
| FY2018 | Dec 31, 2018 | 5,005 | +4.6% | SEC 10-K (FY2020, filed 2021-03-01) ↗ |
| FY2017 | Dec 31, 2017 | 4,783 | – | SEC 10-K (FY2019, filed 2020-02-25) ↗ |
Breakdown
What makes up total MileagePlus Frequent Flyer Deferred Revenue
- Current Frequent Flyer Deferred Revenue Liability ($M)3,721 · FY2025
- Long-Term Frequent Flyer Deferred Revenue Liability ($M)4,056 · FY2025
- MileagePlus Deferred Revenue — Miles Awarded & Partner Sales Additions ($M)3,883 · FY2025
- MileagePlus Revenue Recognized — Air Travel & Travel-Related Redemptions ($M)3,414 · FY2025
- MileagePlus Revenue Recognized — Non-Travel Redemptions ($M)133 · FY2025
- MileagePlus Flight Awards Used on United & United Express (10-K, million awards)10.9 · FY2025
- MileagePlus Award Travel as % of Total Revenue Passenger Miles (10-K, %)10.3% · FY2025
Cite this data
StockData. (2026). United Airlines Total MileagePlus Frequent Flyer Deferred Revenue ($M), annual FY2017–FY2025 [Data set]. Compiled from United Airlines SEC filings and investor materials. https://stockdatahq.com/stocks/ual/kpis/mileageplus-def-rev-total
See every metric in the United Airlines KPI table. Data updated Nov 3, 2026.