Filing Flows › Boeing (BA) › Q4 2025
Boeing (BA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 30, 2026
Boeing (BA) reported revenue of $23.9B for the fourth quarter 2025 (Q4 2025), +57% from a year earlier and +3% from the quarter before. Operating margin was 36.7%, net earnings $8.2B (34.3% of revenue).
Boeing, Q4 2025: revenue $23.9B (+57% year over year), operating margin 36.7%, net earnings $8.2B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.9B | +3% | +57% |
| Gross profit | $1.8B | — | — |
| Operating profit | $8.8B | — | — |
| Net earnings | $8.2B | — | — |
| Operating cash flow | $1.3B | +19% | — |
| Free cash flow | $375M | — | — |
What changed
Revenue was $23.9B in Q4 2025, up 57% year over year and up 3% from the previous quarter. Sales of products was the largest line at 85% of revenue.
Gross margin was 7.6%. Operating profit was $8.8B, a 36.7% margin (up 61.4 points year over year). Net earnings were $8.2B. The effective tax rate was 1.2%.
Operating cash flow was $1.3B, 16% of net earnings. Non-cash charges added back $0.54B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $7.5B. After additions to property, plant & equipment ($1.0B), free cash flow as the company reports it was $0.38B.
Questions
What was Boeing's revenue in the fourth quarter 2025?
Boeing (BA) reported revenue of $23.9B for the fourth quarter 2025 (Q4 2025), +57% from a year earlier and +3% from the quarter before.
Was Boeing profitable in the fourth quarter 2025?
Operating profit was $8.8B (36.7% of revenue) and net earnings $8.2B.
Source: Boeing 10-K on SEC EDGAR.