United Airlines Holdings (UAL) Return on Equity [ROE] (2011 - 2026)
United Airlines Holdings (UAL) posted Return on Equity [ROE] of 20.76% for Q3 2026, down 3.04 percentage points from 23.80% a year earlier and down 0.71 percentage points from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, United Airlines Holdings' Return on Equity [ROE] came in at 23.99%, down 4.64 percentage points from FY2024.
- Annual Return on Equity [ROE] shows a five-year change of +104.82 percentage points (FY2020 to FY2025).
- In prior years, United Airlines Holdings' Return on Equity [ROE] was 28.63% in FY2024 (-3.65 pp), 32.28% in FY2023 (+19.92 pp), 12.36% in FY2022 (+48.11 pp) and -35.74% in FY2021 (+45.09 pp).
- The Q3 2026 figure stands as the lowest quarterly Return on Equity [ROE] since Q4 2022.
- On a year-over-year basis, Return on Equity [ROE] has declined in each of the last ten quarters, with an average year-over-year change of -3.05 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q2 2022, with a gain of 77.19 percentage points; the weakest was Q3 2024, with a drop of 9.39 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 21.47% (Q2 2026), 23.52% (Q1 2026) and 22.66% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 173.57 Bn | 165.82 Bn | - | 35.69% |
| 2 | Csx | 93.73 Bn | 88.95 Bn | - | 25.37% |
| 3 | United Parcel Service | 85.38 Bn | 62.27 Bn | - | 29.59% |
| 4 | Canadian Pacific Kansas City | 79.16 Bn | 78.18 Bn | - | 8.28% |
| 5 | Norfolk Southern | 74.37 Bn | 68.83 Bn | - | 16.28% |
| 6 | Fedex | 70.74 Bn | 36.69 Bn | - | 14.43% |
| 7 | Delta Air Lines | 50.02 Bn | 32.21 Bn | - | 14.84% |
| 8 | Old Dominion Freight Line | 37.99 Bn | 37.25 Bn | - | 24.35% |
| 9 | United Airlines Holdings | 31.82 Bn | -25.87 Bn | - | 20.76% |
| 10 | Ryanair Holdings | 27.75 Bn | 11.40 Bn | - | 18.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.76% |
| Jun 30, 2026 | 21.47% |
| Mar 31, 2026 | 23.52% |
| Dec 31, 2025 | 22.66% |
| Sep 30, 2025 | 23.80% |
| Jun 30, 2025 | 25.47% |
| Mar 31, 2025 | 28.94% |
| Dec 31, 2024 | 26.12% |
| Sep 30, 2024 | 25.17% |
| Jun 30, 2024 | 29.79% |
| Mar 31, 2024 | 29.04% |
| Dec 31, 2023 | 28.81% |
| Sep 30, 2023 | 34.56% |
| Jun 30, 2023 | 37.10% |
| Mar 31, 2023 | 28.31% |
| Dec 31, 2022 | 12.50% |
| Sep 30, 2022 | -16.97% |
| Jun 30, 2022 | -32.18% |
| Mar 31, 2022 | -45.86% |
| Dec 31, 2021 | -37.55% |
API Access
United Airlines Holdings Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();