United Airlines has retired 15.5% of its shares since 2014, from 384,226,369 to 324,583,772.
At $96.10 a share, a market value of $31.2B. FCF yield 8.2%, P/E 8.9, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 2010 | 2011-02-15 | 328,550,825 | 10-K | |
| 2011 | 2011-12-31 | 330,906,192 | 10-K | |
| 2012 | 2013-01-31 | 332,635,139 | 10-K | |
| 2013 | 2014-02-14 | 371,556,314 | 10-K | |
| 2014 | 2015-02-10 | 384,226,369 | 10-K | |
| 2015 | 2016-02-09 | 359,484,808 | 10-K | |
| 2016 | 2017-02-13 | 314,622,651 | 10-K | |
| 2017 | 2018-02-14 | 284,700,547 | 10-K | |
| 2018 | 2019-02-22 | 266,727,577 | 10-K | |
| 2019 | 2020-02-18 | 247,951,116 | 10-K | |
| 2020 | 2021-02-24 | 318,476,280 | 10-K | |
| 2021 | 2022-02-10 | 324,626,332 | 10-K | |
| 2022 | 2023-02-09 | 327,092,997 | 10-K | |
| 2023 | 2024-02-22 | 328,025,881 | 10-K | |
| 2024 | 2025-02-24 | 327,339,564 | 10-K | |
| 2025 | 2026-02-05 | 323,430,419 | 10-K |
Source: all 10-K filings of United Airlines on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
The story
Every Monday we write about one of these companies.
Read the full storyCash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $96.10.
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Only enough to stand still. The share count is roughly flat over the last twelve months, at 324,583,772 as of July 9, 2026. Over five years the share count is up 0.2%.
Net of every new share it issued, United Airlines has 59.6 million fewer shares than at its 2014 peak. That is 15.5% of the company.
324,583,772 shares, as of July 9, 2026, from the cover page of its latest 10-Q. At the 2014 peak it had 384,226,369.
Each share is a bigger slice of the company. Someone who held United Airlines stock in 2014 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
United Airlines ranks No. 418 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Century Communities (15.8%), OneMain (15.5%), Element Solutions (15.4%), Amphenol (15.3%).
Every answer is computed from United Airlines' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
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