SuperworthUnited Airlines profit margin UAL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 5.6%
- Operating margin, 12 months
- 7.7%
- Net margin on a year earlier
- −0.1 pts
- Peer median
- 4.6%
Over the twelve months to Jun 30, 2026, United Airlines kept 5.6% of its revenue as net profit, with an operating margin of 7.7%.
Five years earlier its net margin was −37.9%.
The median for 3 airline and airport stocks of a similar size is 4.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 5.7% | 8.0% |
| FY2024 | 5.5% | 8.9% |
| FY2023 | 4.9% | 7.8% |
| FY2022 | 1.6% | 5.2% |
| FY2021 | −8.0% | −4.1% |
| FY2020 | −46.0% | −41.4% |
| FY2019 | 7.0% | 9.9% |
| FY2018 | 5.1% | 7.8% |
| FY2017 | 5.7% | 9.7% |
| FY2016 | 6.2% | 11.9% |
| FY2015 | 19.4% | 13.6% |
| FY2014 | 2.9% | 6.1% |
| FY2013 | 1.5% | 3.3% |
| FY2012 | −1.9% | 0.1% |
| FY2011 | 2.3% | 4.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.6% | −0.1 pts | 7.7% | |
| Q1 FY26 | 6.1% | −0.3 pts | 8.4% | |
| Q4 FY25 | 5.7% | +0.2 pts | 8.0% | |
| Q3 FY25 | 5.6% | +0.7 pts | 8.3% | |
| Q2 FY25 | 5.7% | +0.4 pts | 8.6% | |
| Q1 FY25 | 6.3% | +1.4 pts | 9.7% | |
| Q4 FY24 | 5.5% | +0.6 pts | 8.9% | |
| Q3 FY24 | 4.9% | −0.5 pts | 8.2% | |
| Q2 FY24 | 5.3% | +0.0 pts | 8.6% | |
| Q1 FY24 | 4.9% | +1.0 pts | 7.9% | |
| Q4 FY23 | 4.9% | +3.2 pts | 7.8% | |
| Q3 FY23 | 5.5% | +7.3 pts | 8.7% |
Against its peers
Companies in Airlines, Airports & Air Services nearest United Airlines' size, closest first, today.
| Company | Profit margin |
|---|---|
| UALUnited Airlines | 5.6% |
| LUVSouthwest Airlines | 2.8% |
| DALDelta Air Lines | 4.6% |
| SKYWSkywest | 9.8% |
| Peer median | 4.6% |
Where United Airlines ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on United Airlines
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.