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Boeing BA Global Services — Earnings from operations

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Other financials

Income statement

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Revenue$24.6B+8.0%
Gross profit$2.4B-0.9%
Operating income$156.0M+189%
Net income-$444.0M+27.3%
EPS (diluted)-$0.67+27.2%

Balance sheet

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Cash & equivalents$7.2B+2.1%
Total debt$45.9B-13.9%
Total equity$6.1B+285%
Total assets$165.87B+6.9%

Cash flow

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Operating cash flow$1.4B
CapEx$733.0M+71.7%
Free cash flow-$1.5B+36.5%

Valuation

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Market cap$189.84B+11.6%
Enterprise value$228.5B+5.6%
P/E78×
P/S-0.2×

Profitability

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Gross margin4.7%+4.4pp
Operating margin4.9%+2.9pp
Net margin2.6%+1.4pp
FCF margin-11.3%+15.2pp

Returns & leverage

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Return on equity1,504.4%
Debt / equity7.5×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Boeing in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Boeing’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 1:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050038
(Dollars in millions)Six months ended June 30 / 2026Six months ended June 30 / 2025Three months ended June 30 / 2026Three months ended June 30 / 2025
Earnings/(loss) from operations:
Commercial Airplanes($885)($1,094)($322)($557)
Defense, Space & Security218265(15)110
Global Services1,9391,9929681,049
Segment operating earnings1,2721,163631602
Unallocated items, eliminations and other(978)(1,397)(630)(1,035)
FAS/CAS service cost adjustment310519155257
Earnings/(loss) from operations604285156(176)

Item 1. Financial Statements

FAQ

What is Boeing's global services — earnings from operations?
Boeing (BA) reported global services — earnings from operations of $968M in Q2 2026.
What does global services — earnings from operations mean?
This metric represents the operating profit generated by the aftermarket support and services division of an aerospace company. It reflects the profitability of activities such as maintenance, repair, overhaul, training, and supply chain logistics provided to commercial and defense customers. This figure is calculated by subtracting operating expenses from the segment's total revenue, excluding corporate-level overheads and non-operating items.

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