Boeing revenue hits $89.5 billion in 2025, highest since 2018, as asset sale lifts profit

Boeing returned to annual profitability in 2025 as revenue hit $89.5 billion, the highest since 2018, driven by a $10.6 billion asset sale and 600 aircraft deliveries, even as its commercial and defense units continued to post operating losses.

Hannah Xuchille Egot January 28, 2026

In the fourth quarter, Boeing swung to a profit, posting net earnings of $8.22 billion, or $10.23 per share, compared with a loss a year earlier. Image source: Boeing / Website

Boeing posted Tuesday a full-year revenue of $89.5 billion in 2025, its highest since 2018, as the planemaker delivered 600 commercial airplanes and closed a major asset sale that pushed the company back into annual profitability.

Net income for the year totaled $2.24 billion, compared with an $11.8 billion loss in 2024, under US accounting standards.

Deal-driven turnaround

The turnaround was driven largely by the $10.6 billion sale of its Digital Aviation Solutions business, including Jeppesen, which generated a $9.6 billion gain. Boeing also completed the reacquisition of Spirit AeroSystems in December 2025, a move it said was aimed at improving safety, quality, and production stability.

Total company backlog rose to a record $682 billion, including more than 6,100 commercial airplanes, underscoring sustained demand despite lingering production and certification challenges.

In the fourth quarter, Boeing swung to a profit, posting net earnings of $8.22 billion, or $10.23 per share, compared with a loss a year earlier.

Quarterly revenue climbed 57% to $23.9 billion, driven by 160 commercial aircraft deliveries, the highest quarterly total since before the pandemic. Operating cash flow reached $1.3 billion, while free cash flow was $375 million, a closely watched metric for investors.

Operational pressure

Excluding the one-time gain from the digital aviation sale, however, Boeing’s underlying performance remained pressured. Both its commercial airplanes and defense businesses continued to post operating losses in the quarter.

The commercial airplane unit reported a $632 million operating loss, despite sharply higher deliveries and revenue of $11.4 billion. Boeing increased 737 MAX production to 42 jets per month and began transitioning 787 output toward eight per month, while continuing certification work on the 737-10 and 777X programs.

The defense, space and security division posted a $507 million loss, including a $565 million charge tied to higher costs on the KC-46A tanker program, though management said the charge is expected to be one-time in nature.

Boeing ended the year with $29.4 billion in cash and marketable securities and $54.1 billion in debt. Chief Executive Kelly Ortberg said the company made “significant progress” in 2025 but warned that customers and regulators will expect continued improvements as Boeing works to fully restore trust and operational stability.