What is the current annual gross margin of UAL?

As of today, UAL annual gross margin is 11.99%

What is 1-year change in UAL annual gross margin?

UAL annual gross margin is down -58.51% year-over-year

What is 3-year change in UAL annual gross margin?

UAL annual gross margin is up +34.42% over the past 3 years

How far is UAL annual gross margin from its all-time high?

UAL annual gross margin is currently -76.72% below its historical high of 51.51% set on December 31, 1994

How does UAL annual gross margin rank versus sector peers?

UAL annual gross margin is higher than 23.29% of companies in Industrials sector

When is UAL next annual earnings release?

The next annual earnings release for UAL is on January 26, 2027

What is the current quarterly gross margin of UAL?

As of today, UAL quarterly gross margin is 25.74%

What is UAL quarterly gross margin most recent change?

UAL quarterly gross margin was up +5.84% on September 30, 2026

What is 1-year change in UAL quarterly gross margin?

UAL quarterly gross margin is down -11.36% year-over-year

How far is UAL quarterly gross margin from its all-time high?

UAL quarterly gross margin is currently -66.73% below its historical high of 77.37% set on September 30, 1993

How does UAL quarterly gross margin rank versus sector peers?

UAL quarterly gross margin is higher than 47.90% of companies in Industrials sector

When is UAL next earnings release?

The next earnings release for UAL is on January 26, 2027

UAL Gross Margin History & Chart Since 1980

Annual Gross Margin

11.99%16.91%-58.51%

December 31, 2025

Summary

Current Value: As of today, UAL annual gross margin is 11.99%, down -58.51% on December 31, 2025
Historical Performance: UAL annual gross margin is up +34.42% over the past 3 years, up +121.62% over the past 5 years
All-Time High Comparison: UAL annual gross margin is currently -76.72% below its historical high of 51.51% set on December 31, 1994
3-Year Low Comparison: UAL annual gross margin is +34.42% above its 3-year low of 8.92% reached on an earlier date
Sector Comparison: UAL annual gross margin is higher than 23.29% of companies in Industrials sector

Gross Margin Chart

beforeafter

Performance

UAL Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	11.99%	-58.5%	+34.4%	+121.6%	+4.1%
Quarterly Gross Margin	Sep 30, 26	25.74%	-11.4%	+63.2%	+1168.0%	+95.6%
Price	Nov 10, 26	$119.37	+24.2%	+214.2%	+130.6%	+589.6%
PE Ratio	Nov 10, 26	10.91	+13.3%	+147.4%	–	-10.5%
Annual Revenue	Dec 31, 25	$59.07B	+3.5%	+31.4%	+284.7%	+154.3%
Annual Gross Profit	Dec 31, 25	$7.08B	-57.1%	+76.5%	+183.2%	+164.6%
Annual Operating Margin	Dec 31, 25	8.42%	-7.8%	+52.8%	+114.4%	+10.9%
Annual Net Margin	Dec 31, 25	5.68%	+2.9%	+246.3%	+112.3%	+421.1%

Gross Margin Highs

UAL Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	28.90%	Dec 31, 24	-58.5%
5Y	28.90%	Dec 31, 24	-58.5%
All	51.51%	Dec 31, 94	-76.7%

Gross Margin Lows

UAL Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	8.92%	N/A	+34.4%
5Y	-55.46%	N/A	+121.6%
All	-55.46%	Dec 31, 20	+121.6%

Gross Margin History

Year	Value	Change
2025	11.99%	-58.5%
2024	28.90%	+117.5%
2023	13.29%	+49.0%
2022	8.92%	+159.2%
2021	-15.07%	+72.8%
2020	-55.46%	-487.0%
2019	14.33%	+12.2%
2018	12.77%	-55.5%
2017	28.67%	+61.3%
2016	17.77%	-9.5%
2015	19.64%	+78.5%
2014	11.00%	+29.0%
2013	8.53%	+11.1%
2012	7.68%	-12.2%
2011	8.75%	-24.0%
2010	11.52%	+112.5%
2009	5.42%	+449.7%
2008	-1.55%	-118.9%
2007	8.18%	-73.0%
2006	30.29%	+4.6%
2005	28.96%	+552.3%
2004	4.44%	+128.9%
2003	1.94%	+139.2%

Year	Value	Change
2002	-4.95%	-124.5%
2001	20.24%	+114.4%
2000	9.44%	-61.5%
1999	24.51%	+2.3%
1998	23.95%	+4.3%
1997	22.96%	+2.5%
1996	22.41%	-49.5%
1995	44.34%	-13.9%
1994	51.51%	+566.4%
1993	7.73%	+324.7%
1992	1.82%	-59.2%
1991	4.46%	-54.3%
1990	9.76%	>+9,900.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of UAL?: As of today, UAL annual gross margin is 11.99%
What is 1-year change in UAL annual gross margin?: UAL annual gross margin is down -58.51% year-over-year
What is 3-year change in UAL annual gross margin?: UAL annual gross margin is up +34.42% over the past 3 years
How far is UAL annual gross margin from its all-time high?: UAL annual gross margin is currently -76.72% below its historical high of 51.51% set on December 31, 1994
How does UAL annual gross margin rank versus sector peers?: UAL annual gross margin is higher than 23.29% of companies in Industrials sector
When is UAL next annual earnings release?: The next annual earnings release for UAL is on January 26, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

25.74%1.42%+5.84%

September 30, 2026

Summary

Current Value: As of today, UAL quarterly gross margin is 25.74%, up +5.84% on September 30, 2026
Historical Performance: UAL quarterly gross margin is down -11.36% year-over-year, up +63.22% over the past 3 years
All-Time High Comparison: UAL quarterly gross margin is currently -66.73% below its historical high of 77.37% set on September 30, 1993
3-Year Low Comparison: UAL quarterly gross margin is +445.34% above its 3-year low of 4.72% reached on March 31, 2024
Sector Comparison: UAL quarterly gross margin is higher than 47.90% of companies in Industrials sector

Performance

UAL Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	25.74%	+5.8%	-11.4%	+63.2%	+1168.0%
Annual Gross Margin	Dec 31, 25	11.99%	–	-58.5%	+34.4%	+121.6%
Price	Nov 10, 26	$119.37	-3.5%	+24.2%	+214.2%	+130.6%
PE Ratio	Nov 10, 26	10.91	-5.7%	+13.3%	+147.4%	–
Quarterly Revenue	Sep 30, 26	$17.88B	+1.1%	+17.4%	+23.4%	+130.7%
Quarterly Gross Profit	Sep 30, 26	$4.60B	+7.1%	+4.0%	+101.4%	+2830.6%
Quarterly Operating Margin	Sep 30, 26	6.88%	+27.9%	-20.7%	-43.6%	+970.9%
Quarterly Net Margin	Sep 30, 26	5.76%	+26.3%	-7.5%	-26.6%	-5.6%

Quarterly Gross Margin Highs

UAL Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	29.29%	Dec 31, 25	-12.1%
3Y	31.15%	Jun 30, 25	-17.4%
5Y	31.15%	Jun 30, 25	-17.4%
All	77.37%	Sep 30, 93	-66.7%

Quarterly Gross Margin Lows

UAL Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	24.32%	Jun 30, 26	+5.8%
3Y	4.72%	Mar 31, 24	+445.3%
5Y	-15.31%	Mar 31, 22	+268.1%
All	-207.12%	Jun 30, 20	+112.4%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	25.74%	+5.8%
Jun 2026	24.32%	-3.3%
Mar 2026	25.14%	-14.2%
Dec 2025	29.29%	+0.9%
Sep 2025	29.04%	-6.8%
Jun 2025	31.15%	+23.8%
Mar 2025	25.16%	-18.0%
Dec 2024	30.70%	+113.5%
Sep 2024	14.38%	-16.8%
Jun 2024	17.29%	+266.3%
Mar 2024	4.72%	-60.2%
Dec 2023	11.86%	-24.8%
Sep 2023	15.77%	-21.9%
Jun 2023	20.19%	+517.4%
Mar 2023	3.27%	-77.8%
Dec 2022	14.73%	-3.2%
Sep 2022	15.22%	+33.3%
Jun 2022	11.42%	+174.6%
Mar 2022	-15.31%	-970.6%
Dec 2021	-1.43%	-170.4%
Sep 2021	2.03%	+110.3%
Jun 2021	-19.72%	+76.2%
Mar 2021	-82.99%	-28.5%
Dec 2020	-64.60%	+39.2%
Sep 2020	-106.19%	+48.7%
Jun 2020	-207.12%	-2,589.9%
Mar 2020	-7.70%	-159.6%
Dec 2019	12.93%	-23.9%
Sep 2019	16.98%	-2.5%
Jun 2019	17.41%	+91.3%
Mar 2019	9.10%	-28.3%
Dec 2018	12.70%	-54.9%
Sep 2018	28.16%	-2.0%
Jun 2018	28.73%	+27.1%
Mar 2018	22.60%	-17.4%
Dec 2017	27.37%	-9.7%
Sep 2017	30.32%	-6.5%
Jun 2017	32.44%	+328.0%
Mar 2017	7.58%	-47.6%
Dec 2016	14.47%	-29.6%
Sep 2016	20.56%	+3.4%
Jun 2016	19.88%	+27.3%
Mar 2016	15.62%	-17.1%
Dec 2015	18.85%	-22.0%
Sep 2015	24.17%	+21.9%
Jun 2015	19.83%	+33.5%
Mar 2015	14.85%	+13.1%
Dec 2014	13.13%	-13.8%
Sep 2014	15.23%	+10.6%
Jun 2014	13.77%	+4,817.9%
Mar 2014	0.28%	-96.6%
Dec 2013	8.25%	-24.2%
Sep 2013	10.88%	-7.6%
Jun 2013	11.78%	+523.3%
Mar 2013	1.89%	-48.9%
Dec 2012	3.70%	-66.9%
Sep 2012	11.18%	-4.5%
Jun 2012	11.71%	+286.5%
Mar 2012	3.03%	-58.4%
Dec 2011	7.28%	-44.7%
Sep 2011	13.16%	+35.3%
Jun 2011	9.73%	+160.2%
Mar 2011	3.74%	-63.5%
Dec 2010	10.25%	-34.3%
Sep 2010	15.61%	+5.8%

Month	Value	Change
Jun 2010	14.75%	+198.0%
Mar 2010	4.95%	-37.9%
Dec 2009	7.97%	-1.8%
Sep 2009	8.12%	+62.4%
Jun 2009	5.00%	+2,183.3%
Mar 2009	-0.24%	-104.9%
Dec 2008	4.88%	+681.0%
Sep 2008	-0.84%	+65.9%
Jun 2008	-2.46%	+61.1%
Mar 2008	-6.33%	-442.2%
Dec 2007	1.85%	-87.0%
Sep 2007	14.26%	+3.7%
Jun 2007	13.75%	+1,036.4%
Mar 2007	1.21%	-95.8%
Dec 2006	28.87%	-9.8%
Sep 2006	31.99%	-2.0%
Jun 2006	32.64%	+536.3%
Mar 2006	5.13%	-90.3%
Dec 2005	53.12%	+61.1%
Sep 2005	32.98%	-2.2%
Jun 2005	33.71%	+12.2%
Mar 2005	30.04%	-13.2%
Dec 2004	34.60%	-5.4%
Sep 2004	36.59%	-7.0%
Jun 2004	39.35%	+780.8%
Mar 2004	-5.78%	-113.6%
Dec 2003	42.41%	-1.9%
Sep 2003	43.25%	+0.8%
Jun 2003	42.91%	+22.7%
Mar 2003	34.96%	-13.0%
Dec 2002	40.20%	-11.4%
Sep 2002	45.38%	-4.3%
Jun 2002	47.40%	+8.7%
Mar 2002	43.61%	+357.3%
Dec 2001	-16.95%	-165.7%
Sep 2001	-6.38%	-430.6%
Jun 2001	1.93%	+67.8%
Mar 2001	1.15%	+266.7%
Dec 2000	-0.69%	-113.5%
Sep 2000	5.12%	-73.1%
Jun 2000	19.04%	+36.8%
Mar 2000	13.92%	-79.3%
Sep 1998	67.18%	+0.5%
Jun 1998	66.84%	+2.9%
Mar 1998	64.96%	-3.1%
Sep 1997	67.05%	+1.8%
Jun 1997	65.84%	+3.8%
Mar 1997	63.41%	-4.9%
Sep 1996	66.69%	+1.1%
Jun 1996	65.99%	+4.2%
Mar 1996	63.35%	-9.3%
Sep 1995	69.86%	+1.1%
Jun 1995	69.10%	+3.5%
Mar 1995	66.77%	-1.7%
Sep 1994	67.93%	+0.7%
Jun 1994	67.45%	-7.1%
Dec 1993	72.59%	-6.2%
Sep 1993	77.37%	+3.0%
Jun 1993	75.11%	+1.8%
Mar 1993	73.77%	+3.6%
Dec 1992	71.24%	-4.7%
Sep 1992	74.75%	+1.2%
Jun 1992	73.87%	-0.6%
Mar 1992	74.30%	-

FAQ

What is the current quarterly gross margin of UAL?: As of today, UAL quarterly gross margin is 25.74%
What is UAL quarterly gross margin most recent change?: UAL quarterly gross margin was up +5.84% on September 30, 2026
What is 1-year change in UAL quarterly gross margin?: UAL quarterly gross margin is down -11.36% year-over-year
How far is UAL quarterly gross margin from its all-time high?: UAL quarterly gross margin is currently -66.73% below its historical high of 77.37% set on September 30, 1993
How does UAL quarterly gross margin rank versus sector peers?: UAL quarterly gross margin is higher than 47.90% of companies in Industrials sector
When is UAL next earnings release?: The next earnings release for UAL is on January 26, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

UAL Official Website www.united.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/100517/000010051726000014/0000100517-26-000014-index.htm
UAL Profile on Yahoo Finance finance.yahoo.com/quote/UAL
UAL Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ual