What is the current annual operating margin of UAL?

As of today, UAL annual operating margin is 8.42%

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

UAL annual operating margin is down -7.78% year-over-year

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

UAL annual operating margin is up +52.81% over the past 3 years

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

UAL annual operating margin is currently -92.83% below its historical high of 117.49% set on December 31, 2005

How does UAL annual operating margin rank versus sector peers?

UAL annual operating margin is higher than 60.63% 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 operating margin of UAL?

As of today, UAL quarterly operating margin is 6.88%

What is UAL quarterly operating margin most recent change?

UAL quarterly operating margin was up +27.88% on September 30, 2026

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

UAL quarterly operating margin is down -20.74% year-over-year

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

UAL quarterly operating margin is currently -91.70% below its historical high of 82.92% set on June 30, 1994

How does UAL quarterly operating margin rank versus sector peers?

UAL quarterly operating margin is higher than 47.41% of companies in Industrials sector

When is UAL next earnings release?

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

UAL Operating Margin History & Chart Since 1980

Annual Operating Margin

8.42%0.71%-7.78%

December 31, 2025

Summary

Current Value: As of today, UAL annual operating margin is 8.42%, down -7.78% on December 31, 2025
Historical Performance: UAL annual operating margin is up +52.81% over the past 3 years, up +114.41% over the past 5 years
All-Time High Comparison: UAL annual operating margin is currently -92.83% below its historical high of 117.49% set on December 31, 2005
3-Year Low Comparison: UAL annual operating margin is +52.81% above its 3-year low of 5.51% reached on an earlier date
Sector Comparison: UAL annual operating margin is higher than 60.63% of companies in Industrials sector

Operating Margin Chart

beforeafter

Performance

UAL Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	8.42%	-7.8%	+52.8%	+114.4%	+10.9%
Quarterly Operating Margin	Sep 30, 26	6.88%	-20.7%	-43.6%	+970.9%	-27.2%
Price	Nov 9, 26	$120.38	+23.6%	+222.6%	+128.0%	+574.4%
PE Ratio	Nov 9, 26	11.00	+12.7%	+154.0%	–	-12.5%
Annual Revenue	Dec 31, 25	$59.07B	+3.5%	+31.4%	+284.7%	+154.3%
Annual Operating Profit	Dec 31, 25	$4.97B	-4.5%	+100.7%	+155.4%	+181.9%
Annual Gross Margin	Dec 31, 25	11.99%	-58.5%	+34.4%	+121.6%	+4.1%
Annual Net Margin	Dec 31, 25	5.68%	+2.9%	+246.3%	+112.3%	+421.1%

Operating Margin Highs

UAL Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	9.61%	Dec 31, 23	-12.4%
5Y	9.61%	Dec 31, 23	-12.4%
All	117.49%	Dec 31, 05	-92.8%

Operating Margin Lows

UAL Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	5.51%	N/A	+52.8%
5Y	-58.45%	N/A	+114.4%
All	-58.45%	Dec 31, 20	+114.4%

Operating Margin History

Year	Value	Change
2025	8.42%	-7.8%
2024	9.13%	-5.0%
2023	9.61%	+74.4%
2022	5.51%	+130.9%
2021	-17.82%	+69.5%
2020	-58.45%	-658.3%
2019	10.47%	+17.6%
2018	8.90%	-12.7%
2017	10.19%	-28.3%
2016	14.21%	-11.7%
2015	16.10%	+115.5%
2014	7.47%	+52.4%
2013	4.90%	+21.0%
2012	4.05%	-17.0%
2011	4.88%	-35.7%
2010	7.59%	+253.0%
2009	2.15%	+142.4%
2008	-5.07%	-217.9%
2007	4.30%	+101.9%
2006	2.13%	-98.2%
2005	117.49%	+2,355.1%
2004	-5.21%	+44.3%
2003	-9.36%	+50.3%

Year	Value	Change
2002	-18.82%	-231.9%
2001	-5.67%	-267.8%
2000	3.38%	-56.2%
1999	7.72%	-8.3%
1998	8.42%	+16.3%
1997	7.24%	+5.5%
1996	6.86%	+23.6%
1995	5.55%	+48.8%
1994	3.73%	+106.1%
1993	1.81%	+143.4%
1992	-4.17%	+1.7%
1991	-4.24%	-1,184.8%
1990	-0.33%	-107.0%
1989	4.74%	-35.9%
1988	7.40%	+165.2%
1987	2.79%	-37.0%
1986	4.43%	+373.5%
1985	-1.62%	-117.6%
1984	9.23%	+157.1%
1983	3.59%	+2,094.4%
1982	-0.18%	+88.2%
1981	-1.52%	-522.2%
1980	0.36%	-

FAQ

What is the current annual operating margin of UAL?: As of today, UAL annual operating margin is 8.42%
What is 1-year change in UAL annual operating margin?: UAL annual operating margin is down -7.78% year-over-year
What is 3-year change in UAL annual operating margin?: UAL annual operating margin is up +52.81% over the past 3 years
How far is UAL annual operating margin from its all-time high?: UAL annual operating margin is currently -92.83% below its historical high of 117.49% set on December 31, 2005
How does UAL annual operating margin rank versus sector peers?: UAL annual operating margin is higher than 60.63% of companies in Industrials sector
When is UAL next annual earnings release?: The next annual earnings release for UAL is on January 26, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

6.88%1.50%+27.88%

September 30, 2026

Summary

Current Value: As of today, UAL quarterly operating margin is 6.88%, up +27.88% on September 30, 2026
Historical Performance: UAL quarterly operating margin is down -20.74% year-over-year, down -43.65% over the past 3 years
All-Time High Comparison: UAL quarterly operating margin is currently -91.70% below its historical high of 82.92% set on June 30, 1994
3-Year Low Comparison: UAL quarterly operating margin is +673.03% above its 3-year low of 0.89% reached on March 31, 2024
Sector Comparison: UAL quarterly operating margin is higher than 47.41% of companies in Industrials sector

Performance

UAL Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	6.88%	+27.9%	-20.7%	-43.6%	+970.9%
Annual Operating Margin	Dec 31, 25	8.42%	–	-7.8%	+52.8%	+114.4%
Price	Nov 9, 26	$120.38	-7.1%	+23.6%	+222.6%	+128.0%
PE Ratio	Nov 9, 26	11.00	-9.2%	+12.7%	+154.0%	–
Quarterly Revenue	Sep 30, 26	$17.88B	+1.1%	+17.4%	+23.4%	+130.7%
Quarterly Operating Profit	Sep 30, 26	$1.23B	+29.3%	-6.9%	-30.4%	+2116.4%
Quarterly Gross Margin	Sep 30, 26	25.74%	+5.8%	-11.4%	+63.2%	+1168.0%
Quarterly Net Margin	Sep 30, 26	5.76%	+26.3%	-7.5%	-26.6%	-5.6%

Quarterly Operating Margin Highs

UAL Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	8.95%	Dec 31, 25	-23.1%
3Y	13.11%	Jun 30, 24	-47.5%
5Y	16.76%	Jun 30, 23	-59.0%
All	82.92%	Jun 30, 94	-91.7%

Quarterly Operating Margin Lows

UAL Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	4.16%	Mar 31, 26	+65.4%
3Y	0.89%	Mar 31, 24	+673.0%
5Y	-18.29%	Mar 31, 22	+137.6%
All	-257.40%	Dec 31, 94	+102.7%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	6.88%	+27.9%
Jun 2026	5.38%	+29.3%
Mar 2026	4.16%	-53.5%
Dec 2025	8.95%	+3.1%
Sep 2025	8.68%	-25.4%
Jun 2025	11.63%	+205.2%
Mar 2025	3.81%	-64.4%
Dec 2024	10.69%	+1.7%
Sep 2024	10.51%	-19.8%
Jun 2024	13.11%	+1,373.0%
Mar 2024	0.89%	-88.4%
Dec 2023	7.67%	-37.2%
Sep 2023	12.21%	-27.1%
Jun 2023	16.76%	+6,804.0%
Mar 2023	-0.25%	-102.2%
Dec 2022	11.23%	-2.2%
Sep 2022	11.48%	+40.5%
Jun 2022	8.17%	+144.7%
Mar 2022	-18.29%	-325.3%
Dec 2021	-4.30%	-444.3%
Sep 2021	-0.79%	+96.5%
Jun 2021	-22.26%	+74.0%
Mar 2021	-85.63%	-27.9%
Dec 2020	-66.94%	+38.2%
Sep 2020	-108.32%	+48.2%
Jun 2020	-209.22%	-1,736.9%
Mar 2020	-11.39%	-225.4%
Dec 2019	9.08%	-31.1%
Sep 2019	13.18%	-2.6%
Jun 2019	13.53%	+152.9%
Mar 2019	5.35%	-39.6%
Dec 2018	8.86%	-19.0%
Sep 2018	10.94%	-7.4%
Jun 2018	11.82%	+253.9%
Mar 2018	3.34%	-61.0%
Dec 2017	8.56%	-28.7%
Sep 2017	12.00%	-18.9%
Jun 2017	14.80%	+276.6%
Mar 2017	3.93%	-64.2%
Dec 2016	10.98%	-35.7%
Sep 2016	17.08%	+5.0%
Jun 2016	16.27%	+36.5%
Mar 2016	11.92%	-22.3%
Dec 2015	15.35%	-25.6%
Sep 2015	20.62%	+26.3%
Jun 2015	16.32%	+45.5%
Mar 2015	11.22%	+17.5%
Dec 2014	9.55%	-18.2%
Sep 2014	11.68%	+12.1%
Jun 2014	10.42%	+408.3%
Mar 2014	-3.38%	-173.0%
Dec 2013	4.63%	-35.7%
Sep 2013	7.20%	-13.4%
Jun 2013	8.31%	+544.4%
Mar 2013	-1.87%	-2,177.8%
Dec 2012	0.09%	-98.8%
Sep 2012	7.59%	-7.9%
Jun 2012	8.24%	+1,036.4%
Mar 2012	-0.88%	-124.8%
Dec 2011	3.55%	-62.4%
Sep 2011	9.45%	+61.3%
Jun 2011	5.86%	+1,226.9%
Mar 2011	-0.52%	-110.9%
Dec 2010	4.79%	-62.1%
Sep 2010	12.63%	+7.4%
Jun 2010	11.76%	+583.7%
Mar 2010	1.72%	-64.3%
Dec 2009	4.82%	-0.6%
Sep 2009	4.85%	+214.9%

Month	Value	Change
Jun 2009	1.54%	+144.8%
Mar 2009	-3.44%	-323.4%
Dec 2008	1.54%	+137.6%
Sep 2008	-4.10%	+32.2%
Jun 2008	-6.05%	+40.9%
Mar 2008	-10.23%	-471.5%
Dec 2007	-1.79%	-117.2%
Sep 2007	10.42%	+4.4%
Jun 2007	9.98%	+423.0%
Mar 2007	-3.09%	-935.1%
Dec 2006	0.37%	-93.7%
Sep 2006	5.89%	+15.7%
Jun 2006	5.09%	+232.9%
Mar 2006	-3.83%	+7.7%
Dec 2005	-4.15%	-217.2%
Sep 2005	3.54%	+137.6%
Jun 2005	1.49%	+123.3%
Mar 2005	-6.39%	+48.3%
Dec 2004	-12.36%	-564.5%
Sep 2004	-1.86%	-1,194.1%
Jun 2004	0.17%	+103.1%
Mar 2004	-5.40%	-44.8%
Dec 2003	-3.73%	-416.1%
Sep 2003	1.18%	+108.5%
Jun 2003	-13.86%	+45.7%
Mar 2003	-25.53%	+4.5%
Dec 2002	-26.73%	-54.6%
Sep 2002	-17.29%	-35.2%
Jun 2002	-12.79%	+33.1%
Mar 2002	-19.13%	+36.3%
Dec 2001	-30.04%	-73.2%
Sep 2001	-17.34%	-128.8%
Jun 2001	-7.58%	+14.3%
Mar 2001	-8.84%	-52.9%
Dec 2000	-5.78%	-879.7%
Sep 2000	-0.59%	-104.5%
Jun 2000	13.04%	+102.2%
Mar 2000	6.45%	-65.2%
Dec 1999	18.52%	+121.5%
Sep 1999	8.36%	+72.7%
Jun 1999	4.84%	+410.3%
Mar 1999	-1.56%	+99.3%
Dec 1998	-209.62%	-361.5%
Sep 1998	80.16%	+1.4%
Jun 1998	79.09%	+3.2%
Mar 1998	76.65%	+3,465.1%
Dec 1997	2.15%	-82.3%
Sep 1997	12.13%	+29.0%
Jun 1997	9.40%	-88.0%
Mar 1997	78.06%	+135.2%
Dec 1996	-221.60%	-375.7%
Sep 1996	80.39%	-0.4%
Jun 1996	80.69%	+1.6%
Mar 1996	79.44%	+134.5%
Dec 1995	-230.08%	-380.0%
Sep 1995	82.17%	-0.9%
Jun 1995	82.88%	+1.9%
Mar 1995	81.37%	+131.6%
Dec 1994	-257.40%	-416.2%
Sep 1994	81.41%	-1.8%
Jun 1994	82.92%	>+9,900.0%
Dec 1993	0.52%	-92.6%
Sep 1993	7.04%	+197.0%
Jun 1993	2.37%	+165.3%
Mar 1993	-3.63%	+69.6%
Dec 1992	-11.94%	-728.4%
Sep 1992	1.90%	+180.9%
Jun 1992	-2.35%	+53.4%
Mar 1992	-5.04%	-

FAQ

What is the current quarterly operating margin of UAL?: As of today, UAL quarterly operating margin is 6.88%
What is UAL quarterly operating margin most recent change?: UAL quarterly operating margin was up +27.88% on September 30, 2026
What is 1-year change in UAL quarterly operating margin?: UAL quarterly operating margin is down -20.74% year-over-year
How far is UAL quarterly operating margin from its all-time high?: UAL quarterly operating margin is currently -91.70% below its historical high of 82.92% set on June 30, 1994
How does UAL quarterly operating margin rank versus sector peers?: UAL quarterly operating margin is higher than 47.41% of companies in Industrials sector
When is UAL next earnings release?: The next earnings release for UAL is on January 26, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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