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United Airlines Holdings UAL Q2 2026 earnings

Reported July 15, 2026 · After market close

Revenue$17.7BBeat by $51.8M
EPS$1.99Beat by $0.11
Revenue estimate$17.6B
EPS estimate$1.88
“Our results show why we have been investing in customer improvements throughout every cabin and winning brand-loyal customers”
United CEO Scott Kirby.

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the company filing.

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$17.8B
EPS estimate$3.08

Financials

Q2 2026

Income statement

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Revenue$17.7B+16.0%
Operating income$1.1B-17.3%
Net income$805.0M-17.3%
EPS (diluted)$2.46-17.2%

Balance sheet

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Cash & equivalents$10.2B+6.7%
Total debt$33.7B+2.7%
Total equity$16.7B+24.9%
Total assets$84.6B+9.6%

Cash flow

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Operating cash flow$1.6B-27.4%
CapEx-$4.7B-464%
Free cash flow-$3.1B-431%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$37.27B+10.5%
Enterprise value$60.77B+6.6%
P/E10.7×+0.5×
P/S0.6×0.0×

Profitability

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Operating margin7.7%-0.9pp
Net margin5.6%-0.1pp

Returns & leverage

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Return on equity23.3%-4.4pp
Debt / equity2×-0.4×
Current ratio0.8×+0.1×

Segments

By product

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Ancillary Services$17.7B—
Cargo revenue$17.7B—
Passenger revenue$17.7B—

FAQ

When did United Airlines Holdings report Q2 2026 earnings?
United Airlines Holdings (UAL) reported Q2 2026 earnings on July 15, 2026 after market close.
What were United Airlines Holdings's Q2 2026 revenue and EPS?
United Airlines Holdings reported revenue of $17.7B and eps of $1.99 for Q2 2026.
Did United Airlines Holdings beat estimates in Q2 2026?
Revenue beat the consensus estimate of $17.6B by $51.8M. EPS beat the consensus estimate of $1.88 by $0.11.
How did United Airlines Holdings's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.0% from $15.2B a year earlier and eps declined 48.6% from $3.87.