# United Airlines Holdings (UAL) — Earnings

UAL · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/ual/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.99 |
| EPS estimate | $1.90 |
| EPS surprise | +4.74% |
| Revenue surprise | +0.42% |
| Revenue | $17.7B |
| Revenue estimate | $17.6B |
| Reported | Jul 15, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/100517/000010051726000139/ual-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/a3736ab4-d6da-db08-fdf0-e106d348de7c.html) |

United Airlines reported Q2 2026 results on July 15, 2026. Earnings per share were $1.99, ahead of the $1.90 estimate by 4.74%. Revenue was $17.7 billion, 0.42% above the $17.6 billion consensus, the highest in the table. Compared with Q2 2025, revenue rose about 16% from $15.2 billion, but EPS fell about 49% from $3.87.

United lost money in Q3 2021, Q4 2021 and Q1 2022, when the loss reached $4.24 per share. Q1 2023 and Q1 2024 were also losses. Annual EPS rose from $2.46 in 2022 to $10.05 in 2023, $10.58 in 2024 and $10.66 in 2025. Revenue grew every year, from $45.0 billion in 2022 to $59.0 billion in 2025. The first half of 2026 adds up to $3.18, about 33% less than a year earlier. The EPS high in the table is Q2 2023, at $5.03. Over the last 20 quarters, United beat the EPS estimate 18 times. The largest miss was Q2 2022, at 22.91% below.

United reported Q3 between October 15 and October 19 in each of the past five years. That points to mid-October 2026 for the next report. It will show whether the gap between rising revenue and lower EPS persists.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 15, 2026 | $1.90 | $1.99 | 4.74% | $17.6B | $17.7B |
| Q1 2026 | Apr 21, 2026 | $1.08 | $1.19 | 10.36% | $14.4B | $14.6B |
| Q4 2025 | Jan 20, 2026 | $2.93 | $3.10 | 5.80% | $15.4B | $15.4B |
| Q3 2025 | Oct 15, 2025 | $2.65 | $2.78 | 4.75% | $15.3B | $15.2B |
| Q2 2025 | Jul 16, 2025 | $3.81 | $3.87 | 1.57% | $15.4B | $15.2B |
| Q1 2025 | Apr 15, 2025 | $0.75 | $0.91 | 21.40% | $13.2B | $13.2B |
| Q4 2024 | Jan 21, 2025 | $3.04 | $3.26 | 7.31% | $14.4B | $14.7B |
| Q3 2024 | Oct 15, 2024 | $3.17 | $3.33 | 5.20% | $14.8B | $14.8B |
| Q2 2024 | Jul 17, 2024 | $3.93 | $4.14 | 5.31% | $15.0B | $15.0B |
| Q1 2024 | Apr 16, 2024 | −$0.54 | −$0.15 | 72.31% | $12.4B | $12.5B |
| Q4 2023 | Jan 22, 2024 | $1.69 | $2.00 | 18.62% | $13.5B | $13.6B |
| Q3 2023 | Oct 17, 2023 | $3.38 | $3.65 | 8.05% | $14.4B | $14.5B |
| Q2 2023 | Jul 19, 2023 | $4.03 | $5.03 | 24.92% | $13.9B | $14.2B |
| Q1 2023 | Apr 18, 2023 | −$0.73 | −$0.63 | 14.18% | $11.4B | $11.4B |
| Q4 2022 | Jan 17, 2023 | $2.11 | $2.46 | 16.65% | $12.2B | $12.4B |
| Q3 2022 | Oct 18, 2022 | $2.28 | $2.81 | 23.35% | $12.7B | $12.9B |
| Q2 2022 | Jul 20, 2022 | $1.86 | $1.43 | -22.91% | $12.1B | $12.1B |
| Q1 2022 | Apr 20, 2022 | −$4.22 | −$4.24 | -0.58% | $7.7B | $7.6B |
| Q4 2021 | Jan 19, 2022 | −$2.09 | −$1.60 | 23.49% | $8.0B | $8.2B |
| Q3 2021 | Oct 19, 2021 | −$1.58 | −$1.02 | 35.58% | $7.6B | $7.8B |

## Frequently Asked Questions

### When did United Airlines Holdings (UAL) last report earnings?

United Airlines Holdings last reported on Jul 15, 2026, covering fiscal Q2 2026.

### Did UAL beat earnings estimates?

Yes. United Airlines Holdings reported EPS of $1.99 for Q2 2026 against a $1.90 estimate — a 4.74% beat.

### How much revenue did UAL report last quarter?

United Airlines Holdings reported $17.7B in revenue for Q2 2026, against a consensus estimate of $17.6B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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