United Airlines Quarterly Balance Sheet
NASDAQ: UALConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
United Airlines financial position
As of Jun 30, 2026, United Airlines reported total assets of $84.57 billion, up 9.6% from a year earlier against total liabilities of $67.87 billion. Shareholders' equity stood at $16.70 billion, or 19.7% of assets. The company held $10.17 billion in cash and equivalents against $26.46 billion of debt, a net debt position of $16.30 billion.
The current ratio (current assets divided by current liabilities) was 0.78, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.58.
Summary generated from market data by MetaCap's automated system. Methodology
United Airlines balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.17B | 7.87B | 5.94B | 6.73B | 9.35B | 9.37B | 8.77B | 8.81B | 10.86B | 8.40B | 6.06B | 7.48B |
| Short-Term Investments | 6.47B | 6.30B | 6.30B | 6.60B | 6.26B | 5.96B | 5.71B | 5.35B | 4.38B | 5.59B | 8.33B | 9.61B |
| Receivables | 2.47B | 2.66B | 2.39B | 2.43B | 2.29B | 2.29B | 2.16B | 2.04B | 2.38B | 2.26B | 1.90B | 2.19B |
| Total Current Assets | 21.66B | 19.39B | 16.86B | 18.09B | 20.26B | 20.15B | 18.88B | 18.57B | 20.00B | 18.70B | 18.49B | 21.91B |
| Property, Plant & Equipment | 47.96B | 47.07B | 46.12B | 44.97B | 43.90B | 43.43B | 42.91B | 41.68B | 40.66B | 40.47B | 39.81B | 38.36B |
| Goodwill | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B |
| Intangible Assets | 2.65B | 2.65B | 2.65B | 2.66B | 2.67B | 2.68B | 2.68B | 2.69B | 2.70B | 2.72B | 2.73B | 2.73B |
| Total Assets | 84.57B | 80.94B | 76.45B | 76.31B | 77.16B | 76.11B | 74.08B | 72.64B | 73.25B | 71.90B | 71.10B | 73.15B |
| Accounts Payable | 5.77B | 5.38B | 4.57B | 4.64B | 4.92B | 4.69B | 4.19B | 4.01B | 4.48B | 4.34B | 3.83B | 4.21B |
| Short-Term Debt | 2.17B | 2.25B | 4.10B | 4.62B | 6.19B | 3.27B | 2.97B | 3.28B | 4.76B | 3.96B | 4.02B | 3.65B |
| Total Current Liabilities | 27.76B | 27.78B | 26.13B | 27.12B | 28.99B | 25.80B | 23.31B | 23.36B | 25.86B | 24.76B | 22.20B | 24.76B |
| Long-Term Debt | 24.29B | 21.94B | 17.17B | 20.81B | 20.89B | 24.40B | 21.68B | 22.21B | 21.69B | 23.06B | 25.06B | 25.93B |
| Total Liabilities | 67.87B | 65.06B | 61.17B | 62.00B | 63.79B | 63.49B | 61.41B | 61.20B | 62.73B | 62.71B | 61.78B | 64.30B |
| Shareholders' Equity | 16.70B | 15.88B | 15.28B | 14.31B | 13.37B | 12.62B | 12.68B | 11.44B | 10.53B | 9.19B | 9.32B | 8.85B |
| Retained Earnings | 11.54B | 10.73B | 10.09B | 9.05B | 8.11B | 7.14B | 6.88B | 5.90B | 4.99B | 3.66B | 3.83B | 3.23B |
| Total Debt | 26.46B | 24.19B | 21.27B | 25.43B | 27.08B | 27.66B | 24.65B | 25.49B | 26.44B | 27.02B | 29.07B | 29.58B |
| Net Cash (Debt) | -9.83B | -10.03B | -9.03B | -12.10B | -11.46B | -12.33B | -10.18B | -11.32B | -11.20B | -13.03B | -14.69B | -12.49B |
| Shares Outstanding | 324.58M | 324.60M | 323.47M | 323.74M | 323.80M | 327.49M | 327.90M | 328.85M | 328.83M | 328.80M | 328.02M | 328.01M |
This table shows 12 quarterly periods of United Airlines's balance sheet, from Q2 2026 back to Q3 2023, across 20 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow UAL's reporting calendar. What is a balance sheet?