The Boeing Company
Financial Performance
Boeing Revenue & Financials
Revenue
$89.5B (FY2025)
Market Cap
$148B
Net Income
$2.2B
Employees
182,000
What is Boeing's revenue?
Boeing had $89.5B in revenue for fiscal year 2025, up 34.5% from 2024. Net income was $2.2B.
- Latest revenue
- $89.5B (FY2025)
- Year-over-year
- +34.5%
- Growth rate (CAGR)
- -0.5% over 9 years
- Peak revenue
- $101.1B (FY2018)
- Years of data
- 10
- Employees
- 182,000
Financial Analysis
Boeing went from record revenue of $101.1 billion and a $10.5 billion profit in 2018 to six straight years of losses after the 737 MAX grounding, the pandemic, the 2024 door-plug blowout and a 53-day machinists' strike. The 2024 loss alone was $11.8 billion. To protect its investment-grade rating, Boeing raised about $24 billion of equity in October 2024 and sold Jeppesen, ForeFlight and other digital aviation assets to Thoma Bravo for $10.55 billion in 2025. FY2025 revenue rose 34% to $89.5 billion and net earnings returned to $2.2 billion, but that profit came from the $9.6 billion sale gain; Commercial Airplanes still lost $7.1 billion. In the first half of 2026 revenue rose 11% to $46.8 billion, the net loss narrowed to $435 million, and consolidated debt fell to $45.9 billion from $54.1 billion at the end of 2025. The Boeing Company remains a cornerstone of American aerospace, maintaining a market valuation generally exceeding $120 billion despite industry challenges.
Revenue Trend Analysis
YoY Change
+34.5%
9-Year CAGR
-0.5%
Peak Year
2018
Trend
Mostly Growing
The Boeing Company has 10 full fiscal year figures on this page, compounding at -0.5% annually over 9 years. The most recent year saw a 34.5% increase versus the prior year. Annual revenue peaked in fiscal year 2018 at $101.1B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $89.5B | $4.3Bfiling | $2.2B | +34.5% | sec.gov Highest revenue since 2018 on 600 commercial deliveries. Net earnings attributable to shareholders include a $9.6B gain on the Digital Aviation Solutions sale; Commercial Airplanes still lost $7.1B from operations. |
| FY2024 | $66.5B | -$10.7Bfiling | -$11.8B | -14.5% | sec.gov A 53-day machinists' strike, the FAA's 38-a-month 737 cap after the door-plug blowout and large defense charges cut deliveries to 348. |
| FY2023 | $77.8B | -$773Mfiling | -$2.2B | +16.8% | data.sec.gov Revenue rose 17% on 528 commercial deliveries; fixed-price defense charges kept Boeing in the red. |
| FY2022 | $66.6B | -$3.5Bfiling | -$4.9B | +6.9% | data.sec.gov 480 commercial deliveries as 737 MAX output recovered and 787 deliveries resumed in August 2022. |
| FY2021 | $62.3B | -$2.9Bfiling | -$4.2B | +7.1% | data.sec.gov 340 deliveries; the 737 MAX was back in service but 787 deliveries were largely halted over production-quality issues. |
| FY2020 | $58.2B | -$12.8Bfiling | -$11.9B | -24.0% | data.sec.gov The pandemic and the 737 MAX grounding cut deliveries to 157, Boeing's lowest in decades. |
| FY2019 | $76.6B | -$2Bfiling | -$636M | -24.3% | data.sec.gov First annual loss in two decades after the 737 MAX was grounded in March 2019; deliveries fell to 380. |
| FY2018 | $101.1B | $12Bfiling | $10.5B | +7.6% | data.sec.gov Record revenue and profit on 806 commercial deliveries, months before the second 737 MAX crash. |
| FY2017 | $94B | $10.3B | $8.5B | +0.5% | The Boeing Company annual report (Form 10-K, SEC EDGAR, filed 2020-01-31) Fiscal year ended 2017-12-31. |
| FY2016 | $93.5B | $6.5B | $5B | — | The Boeing Company annual report (Form 10-K, SEC EDGAR, filed 2019-02-08) Fiscal year ended 2016-12-31. |
Click any row to see year details.
The Boeing Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.1B | $2.9B | $168.2B | $162.8B | $5.5B | -$1.9B | Form 10-K |
| FY2024ended Dec 31, 2024 | -$12.1B | $2.2B | $156.4B | $160.3B | -$3.9B | -$14.3B | Form 10-K |
| FY2023ended Dec 31, 2023 | $6B | $1.5B | $137B | $154.2B | -$17.2B | $4.4B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3.5B | $1.2B | $137.1B | $152.9B | -$15.9B | $2.3B | Form 10-K |
| FY2021ended Dec 31, 2021 | -$3.4B | $980M | $138.6B | $153.4B | -$15B | -$4.4B | Form 10-K |
| FY2020ended Dec 31, 2020 | -$18.4B | $1.3B | $152.1B | $170.2B | -$18.3B | -$19.7B | Form 10-K |
| FY2019ended Dec 31, 2019 | -$2.4B | $1.8B | $133.6B | $141.9B | -$8.6B | -$4.3B | Form 10-K |
| FY2018ended Dec 31, 2018 | $15.3B | $1.7B | $117.4B | — | $339M | $13.6B | Form 10-K |
| FY2017ended Dec 31, 2017 | $13.3B | $1.7B | $112.4B | — | $1.7B | $11.6B | Form 10-K |
| FY2016ended Dec 31, 2016 | $10.5B | $2.6B | $90B | — | $817M | $7.9B | Form 10-K |
Related analysis
- Boeing vs Airbus: Market Share, Deliveries and Revenue
Boeing vs Airbus in 2025: Airbus delivered 793 jets to Boeing's 600, Boeing booked more net orders, and Boeing reported more revenue. Sources linked.
Keep researching Boeing
Boeing Revenue and Financial FAQ
What was Boeing's revenue and profit in 2025?
Boeing reported 2025 revenue of $89.46 billion, up 34% from 2024 and its highest since 2018. Net earnings attributable to shareholders were $2.24 billion, its first annual profit since 2018, helped by a $9.6 billion gain on the Digital Aviation Solutions sale.
How much did each Boeing segment earn in 2025?
In 2025 Commercial Airplanes had $41.5 billion of revenue and a $7.1 billion operating loss, Defense, Space & Security had $27.2 billion of revenue and a $128 million loss, and Global Services had $20.9 billion of revenue and $13.5 billion of operating earnings, including the $9.6 billion sale gain.
How many airplanes did Boeing deliver in 2025?
Boeing delivered 600 commercial airplanes in 2025, its most since 2018: 447 737s, 88 787s, 35 777s and 30 767s. In the second quarter of 2026 it delivered 171, its highest quarterly total since 2018.
How much debt does Boeing have?
Boeing's consolidated debt was $45.9 billion at June 30, 2026, down from $54.1 billion at the end of 2025 after debt repayments. It held $20.0 billion of cash and marketable securities and had $10 billion of undrawn credit lines.
How did Boeing perform in the first half of 2026?
Revenue rose 11% to $46.8 billion in the first half of 2026, and the net loss narrowed to $435 million from $643 million a year earlier. Second-quarter revenue was $24.6 billion and free cash flow was $0.6 billion.
When was Boeing last this profitable?
Boeing's record year was 2018, with $101.1 billion of revenue and $10.5 billion of net income. It then lost money every year from 2019 to 2024, including $11.9 billion in 2020 and $11.8 billion in 2024.
Why did Boeing lose money on fixed-price defense contracts?
On fixed-price development programs such as the KC-46A tanker, VC-25B Air Force One, T-7A Red Hawk and MQ-25, Boeing pays for cost overruns. These programs have produced billions of dollars of charges, including $0.6 billion on the KC-46A in late 2025 and $280 million on the VC-25B in the second quarter of 2026.
When does Boeing report its next earnings?
Boeing will report third-quarter 2026 results on October 27, 2026, with CEO Kelly Ortberg and CFO Jay Malave hosting the call.
Is Boeing losing money?
Yes, Boeing has suffered staggering, multi-billion-dollar net losses for years, entirely driven by the grounding of the 737 MAX, severe manufacturing delays, and massive cost overruns in its defense division.
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CorpDigest. "Boeing Revenue & Financials." CorpDigest, https://corpdigest.com/company/boeing/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Boeing reported $89.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/boeing/financials" target="_blank" rel="noopener">CorpDigest — Boeing financials</a></div>Related Financial Audits
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