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How Boeing (BA) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/28/2026
Boeing — The Boeing Company is an American multinational corporation that designs and manufactures airplanes, rotorcraft, rockets, satellites, and missiles worldwide. · Wikipedia
More about the company
The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded in 1916 by William E. Boeing in Seattle, Washington. The present corporation is the result of the Boeing acquisition of McDonnell Douglas on August 1, 1997.
Key growth driver: Defense, Space & Security — the fastest-growing revenue line: $7,483, +13% y/y. · by the Q2 2026 report
How does Boeing make money?
Boeing brought in $24.6 billion of revenue in Q2 2026, up 8% year over year. The largest source was Commercial Airplanes: $11.8 billion, or 48% of the total, followed by Defense, Space & Security ($7.48B, 30%) and Global Services ($5.34B, 22%).
Revenue by source, Q2 2026
- Commercial Airplanes$11.8B · 48% · +8%
- Defense, Space & Security$7.48B · 30% · +13%
- Global Services$5.34B · 22% · +1%
Shares of $24.6B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is BA’s next earnings date?
Wednesday, November 4, 2026estimated
Boeing (BA) has not confirmed the date yet; Nov 4, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced.
What time does BA report? Usually before market open: the last 4 results releases reached the SEC at 7:31 am, 7:40 am, 7:30 am, 7:30 am ET.
Last report: Jul 28, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Verdict: the recovery is visible but unfinished — operating profit turned positive ($156M vs a loss a year ago) on 171 commercial deliveries and a record $715B backlog, yet $600M of quarterly interest on $45.9B of debt still keeps Boeing loss-making at the bottom line.
Loss quarter (mirror layout): left side shows where the money came from — revenue plus the net loss itself; right side shows what it covered. OCF $1,364M · capex $733M · FCF $631M · cash & securities $20.0B · undrawn credit lines $10B.
Source and notation
* marks non-cash / ≈ estimated. Segment revenues sum $18M above total (unallocated eliminations). Source: Boeing press release, 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- a net loss in Q2 2026 ($530 · vs −$697)
Most likely because operating profit swung positive: +$156M vs −$176M a year ago; the remaining GAAP loss is created below the operating line; commercial Airplanes delivered 171 jets (+14% y/y) and narrowed its operating loss to −$322M (−2.7% margin). Based on the Q2 2026 report.
Company filings on SEC EDGAR ↗BA earnings history: past report dates
| Jul 28, 2026 Tue | 7:31 ambefore market open | Jun 30, 2026 | $24.6B+8% y/y | −$0.67+27% y/y |
| Apr 22, 2026 Wed | 7:40 ambefore market open | Mar 31, 2026 | $22.2B+14% y/y | −$0.11+31% y/y |
| Jan 27, 2026 Tue | 7:30 ambefore market open | Dec 31, 2025 | ≈$23.9B+57% y/y | ≈$10.70 |
| Oct 29, 2025 Wed | 7:30 ambefore market open | Sep 30, 2025 | $23.3B+30% y/y | −$7.14+28% y/y |
| Jul 29, 2025 Tue | 7:30 ambefore market open | Jun 30, 2025 | $22.7B+35% y/y | −$0.92+61% y/y |
| Apr 23, 2025 Wed | 7:30 ambefore market open | Mar 31, 2025 | $19.5B+18% y/y | −$0.16+71% y/y |
| Jan 28, 2025 Tue | 7:01 ambefore market open | Dec 31, 2024 | ≈$15.2B−31% y/y | ≈−$5.50 |
| Oct 11, 2024 Fri | 4:39 pmafter market close | Sep 30, 2024 | $17.8B−1% y/y | −$9.97−269% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Boeing: 5-year financials
| 2025 | 89,463 | 4,281 | 2,235 | −1,877 |
| 2024 | 66,517 | −10,707 | −11,817 | −14,310 |
| 2023 | 77,794 | −773 | −2,222 | 4,433 |
| 2022 | 66,608 | −3,519 | −4,935 | 2,290 |
| 2021 | 62,286 | −2,870 | −4,202 | −4,396 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
0/2systematically poor
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Sep 2022SEC: Boeing will pay $200M and former CEO Muilenburg $1M over misleading statements to investors after the 737 MAX crashes. sec.gov ↗
- Dec 2025Diluted shares 568.6M (2020) → 762.3M (2025), +34% (XBRL). data.sec.gov ↗
- Oct 2024On 10/30–31/2024 Boeing issued common stock ($18.2B net) and 115M depositary shares of 6% mandatory convertible preferred; on 12/08/2025 another 23M shares were issued for Spirit AeroSystems. sec.gov ↗
- Jan 2026Per the 2025 10-K, the federal 737 MAX class action is at the class certification stage, and suits over the 01/2024 door plug incident are pending; no common dividend has been paid since 2020. sec.gov ↗
Scoring: 2.0 −1.0 (criterion 10: SEC — $200M for misleading investors about the 737 MAX, 2022, ≥$100M) −1.0 (criterion 1: diluted shares +34% over 2020–2025, >25%) = 0.0
- Share classes
- Single class of common stock + mandatory convertible preferred (issued 10/2024) — no unequal voting rights.
- Dilution
- Diluted shares 568.6M → 762.3M (+34%) over 2020–2025: the 10/2024 offering ($18.2B net of common stock + $5.75B of mandatory convertible preferred) and 23M shares for Spirit AeroSystems (12/2025) → >25% → −1.0; SBC 0.5% of revenue.
- Disclosure
- Full US GAAP reporting: 10-K and 10-Q filed on EDGAR on time.
- Dividends
- Dividend suspended since 2020 amid losses — no deduction; mandatory payments on the preferred.
- Lawsuits & regulators
- SEC 09/2022: $200M over misleading statements about the 737 MAX → −1.0; the MAX class action (N.D. Ill.) and suits over the 01/2024 incident are unresolved; the DPA/agreements with the DOJ concern deceiving a regulator (FAA), not investors.
- Related parties
- No material related-party transactions disclosed in the 2026 proxy.
How the score works · checked as of Sep 2026
Boeing (BA) earnings: FAQ
How does Boeing make money?
Boeing brought in $24.6 billion of revenue in Q2 2026, up 8% year over year. The largest source was Commercial Airplanes: $11.8 billion, or 48% of the total, followed by Defense, Space & Security ($7.48B, 30%) and Global Services ($5.34B, 22%).
When is BA's next earnings date?
Boeing (BA) has not confirmed the date yet; Nov 4, 2026 is an estimate based on its past reporting schedule.
What time does BA report earnings?
Boeing usually reports before market open: its latest results release was filed with the SEC at 7:31 am ET on Jul 28, 2026.
When did BA last report earnings?
Boeing reported Q2 2026 results on Jul 28, 2026.
Where can I find Boeing's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to BA's filings; this page breaks the latest report down in a Sankey chart.
Does Boeing pay dividends?
Yes. In 2025, Boeing paid $331M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/26/2026. How we make the breakdowns · Report an error
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