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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.67B | $14.61B | $15.40B | $15.23B | $15.24B | $13.21B | $14.70B | $14.84B |
| Gross profit | $17.67B | $14.61B | $15.40B | $15.23B | $15.24B | $13.21B | $14.70B | $14.84B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $5.33B | $5.08B | $5.10B | $5.11B | $4.90B | $4.65B | $4.88B | $4.90B |
| Operating expenses | $16.58B | $13.61B | $14.01B | $13.83B | $13.91B | $12.61B | $13.19B | $13.28B |
| Operating income | $1.10B | $997.00M | $1.39B | $1.40B | $1.33B | $607.00M | $1.50B | $1.57B |
| Operating margin | 6.2% | 6.8% | 9.0% | 9.2% | 8.7% | 4.6% | 10.2% | 10.5% |
| EBITDA | $951.00M | $608.00M | $4.32B | $1.32B | $1.77B | $499.00M | $4.50B | $1.56B |
| Interest income | $207.00M | $176.00M | $348.00M | $142.00M | $218.00M | $191.00M | $200.00M | $187.00M |
| Interest expense | −$343.00M | −$327.00M | −$325.00M | −$331.00M | −$361.00M | −$356.00M | −$369.00M | −$379.00M |
| Income before taxes | $1.03B | $870.00M | $1.33B | $1.26B | $1.25B | $478.00M | $1.31B | $1.29B |
| Income taxes | $221.00M | $172.00M | $281.00M | $306.00M | $275.00M | $91.00M | $322.00M | $321.00M |
| Net income | $805.00M | $698.00M | $1.04B | $949.00M | $973.00M | $387.00M | $985.00M | $965.00M |
| Net margin | 4.6% | 4.8% | 6.8% | 6.2% | 6.4% | 2.9% | 6.7% | 6.5% |
| EPS, basic | $2.48 | $2.16 | $3.23 | $2.93 | $3.00 | $1.18 | $3.00 | $2.93 |
| EPS, diluted | $2.46 | $2.14 | $3.19 | $2.90 | $2.97 | $1.16 | $2.92 | $2.90 |
| Diluted shares | 326.60M | 326.80M | 326.90M | 326.90M | 327.20M | 333.00M | 337.90M | 332.70M |
Figures describe United Airlines shares, not any token. As of Jul 16, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.