United Airlines Holdings, Inc. (UAL) stock
UALNasdaqAir Transportation, ScheduledFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 21, 2026Score 11/3021% below fair value
$109.31−1.94 (-1.74%)
Close on Nov 13, 2026Market cap $35.51BP/E 10.0Yield –
United Airlines total debt
Total debt is short-term plus long-term borrowings on the balance sheet at the end of each period.
United Airlines's total debt was $26.40B at Sep 30, 2026. For fiscal 2025 it was $24.99B, up 1.4% from the year before. Over ten years it grew 8.7% a year on average. The highest annual figure on record is $33.36B in fiscal 2021.
Annual total debt
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $24.99B | +1.4% |
| FY2024 | Dec 31, 2024 | $24.65B | -15.2% |
| FY2023 | Dec 31, 2023 | $29.08B | -6.8% |
| FY2022 | Dec 31, 2022 | $31.19B | -6.5% |
| FY2021 | Dec 31, 2021 | $33.36B | +24.7% |
| FY2020 | Dec 31, 2020 | $26.75B | +83.8% |
| FY2019 | Dec 31, 2019 | $14.55B | +8.2% |
| FY2018 | Dec 31, 2018 | $13.45B | +1.3% |
| FY2017 | Dec 31, 2017 | $13.27B | +23.2% |
| FY2016 | Dec 31, 2016 | $10.77B | -1.2% |
| FY2015 | Dec 31, 2015 | $10.90B | -3.3% |
| FY2014 | Dec 31, 2014 | $11.27B | -2.4% |
| FY2013 | Dec 31, 2013 | $11.54B | -5.8% |
| FY2012 | Dec 31, 2012 | $12.25B | +4.9% |
| FY2011 | Dec 31, 2011 | $11.68B | -15.6% |
| FY2010 | Dec 31, 2010 | $13.85B | +100.0% |
| FY2009 | Dec 31, 2009 | $6.92B | – |
Quarterly total debt
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $26.40B | +3.8% |
| Q2 FY2026 | Jun 30, 2026 | $26.46B | -2.3% |
| Q1 FY2026 | Mar 31, 2026 | $24.19B | -12.5% |
| Q4 FY2025 | Dec 31, 2025 | $24.99B | +1.4% |
| Q3 FY2025 | Sep 30, 2025 | $25.43B | -0.2% |
| Q2 FY2025 | Jun 30, 2025 | $27.08B | +2.4% |
| Q1 FY2025 | Mar 31, 2025 | $27.66B | +2.4% |
| Q4 FY2024 | Dec 31, 2024 | $24.65B | -15.2% |
| Q3 FY2024 | Sep 30, 2024 | $25.49B | -13.8% |
| Q2 FY2024 | Jun 30, 2024 | $26.44B | -12.7% |
| Q1 FY2024 | Mar 31, 2024 | $27.02B | -11.9% |
| Q4 FY2023 | Dec 31, 2023 | $29.08B | -6.8% |
| Q3 FY2023 | Sep 30, 2023 | $29.58B | -5.9% |
| Q2 FY2023 | Jun 30, 2023 | $30.29B | -5.9% |
| Q1 FY2023 | Mar 31, 2023 | $30.67B | -6.1% |
| Q4 FY2022 | Dec 31, 2022 | $31.19B | -6.5% |
| Q3 FY2022 | Sep 30, 2022 | $31.45B | -6.9% |
| Q2 FY2022 | Jun 30, 2022 | $32.19B | -5.8% |
| Q1 FY2022 | Mar 31, 2022 | $32.66B | +18.2% |
| Q4 FY2021 | Dec 31, 2021 | $33.36B | +24.7% |
| Q3 FY2021 | Sep 30, 2021 | $33.79B | +25.7% |
| Q2 FY2021 | Jun 30, 2021 | $34.18B | +82.1% |
| Q1 FY2021 | Mar 31, 2021 | $27.63B | +60.2% |
| Q4 FY2020 | Dec 31, 2020 | $26.75B | +83.8% |
| Q3 FY2020 | Sep 30, 2020 | $26.88B | +90.1% |
| Q2 FY2020 | Jun 30, 2020 | $18.77B | +32.3% |
| Q1 FY2020 | Mar 31, 2020 | $17.25B | +23.8% |
| Q4 FY2019 | Dec 31, 2019 | $14.55B | +8.2% |
| Q3 FY2019 | Sep 30, 2019 | $14.14B | +7.7% |
| Q2 FY2019 | Jun 30, 2019 | $14.19B | +6.3% |
| Q1 FY2019 | Mar 31, 2019 | $13.94B | +0.8% |
| Q4 FY2018 | Dec 31, 2018 | $13.45B | +1.3% |
| Q3 FY2018 | Sep 30, 2018 | $13.13B | +2.2% |
| Q2 FY2018 | Jun 30, 2018 | $13.35B | +10.3% |
| Q1 FY2018 | Mar 31, 2018 | $13.82B | +16.2% |
| Q4 FY2017 | Dec 31, 2017 | $13.27B | +23.2% |
| Q3 FY2017 | Sep 30, 2017 | $12.85B | – |
| Q2 FY2017 | Jun 30, 2017 | $12.10B | – |
| Q1 FY2017 | Mar 31, 2017 | $11.89B | – |
| Q4 FY2016 | Dec 31, 2016 | $10.77B | – |
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