United Airlines Holdings (UAL) EBT Margin (2009 - 2026)
United Airlines Holdings' EBT Margin was 5.81% in Q2 2026, down 2.39 percentage points from 8.19% a year earlier and down 0.15 percentage points from the prior quarter.
Powered by 
Analysis
United Airlines Holdings (UAL) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Airlines Holdings' EBT Margin was 7.12% through Jun 30, 2026, down 0.33 percentage points year-over-year; for FY2025, it was 7.29%, down 0.01 percentage points from FY2024.
- EBT Margin shows a five-year change of +64.74 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 7.30% in FY2024 (+1.00 pp), 6.31% in FY2023 (+4.10 pp), 2.20% in FY2022 (+12.58 pp) and -10.38% in FY2021 (+47.07 pp).
- The Q2 2026 figure marks the lowest quarterly EBT Margin since Q1 2025.
- Compared with a year earlier, EBT Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.30 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q3 2021 (a gain of 101.47 percentage points); the worst was Q4 2023 (a drop of 3.45 percentage points).
- Per Business Quant data, UAL's EBT Margin in the three quarters before Q2 2026 was 5.96% (Q1 2026), 8.61% (Q4 2025) and 8.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.43 Bn | 171.95 Bn | - | 37.22% |
| 2 | Csx | 95.92 Bn | 91.14 Bn | - | 34.45% |
| 3 | United Parcel Service | 85.95 Bn | 62.85 Bn | - | 3.33% |
| 4 | Canadian Pacific Kansas City | 80.52 Bn | 79.54 Bn | - | 32.64% |
| 5 | Norfolk Southern | 75.79 Bn | 70.43 Bn | - | 27.68% |
| 6 | Fedex | 71.86 Bn | 37.80 Bn | - | 8.43% |
| 7 | Delta Air Lines | 51.80 Bn | 33.98 Bn | - | 5.32% |
| 8 | Old Dominion Freight Line | 39.47 Bn | 38.73 Bn | - | 30.08% |
| 9 | United Airlines Holdings | 33.07 Bn | -24.62 Bn | - | 7.33% |
| 10 | Ryanair Holdings | 28.26 Bn | 11.90 Bn | - | 13.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.33% |
| Jun 30, 2026 | 5.81% |
| Mar 31, 2026 | 5.96% |
| Dec 31, 2025 | 8.61% |
| Sep 30, 2025 | 8.24% |
| Jun 30, 2025 | 8.19% |
| Mar 31, 2025 | 3.62% |
| Dec 31, 2024 | 8.89% |
| Sep 30, 2024 | 8.66% |
| Jun 30, 2024 | 11.60% |
| Mar 31, 2024 | -1.31% |
| Dec 31, 2023 | 5.66% |
| Sep 30, 2023 | 10.25% |
| Jun 30, 2023 | 9.78% |
| Mar 31, 2023 | -2.24% |
| Dec 31, 2022 | 9.11% |
| Sep 30, 2022 | 8.95% |
| Jun 30, 2022 | 3.79% |
| Mar 31, 2022 | -23.16% |
| Dec 31, 2021 | -10.31% |
API Access
United Airlines Holdings EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "UAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();