Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 35

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 35
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4,496)($6,937)($4,781)($5,761)Operating margins(6.9)%(13.5)%(20.5)%(32.3)%Effective income tax rate(5.2)%1.8 %(2.7)%0.8 %Net loss attributable to Boeing shareholders($5,985)($7,952)($5,337)($6,170)Diluted loss per share($8.25)($12.91)($7.14)($9.97)Non-GAAP (1)Core operating loss($5,283)($7,769)($5,049)($5,989)Core operating margins(8.1)%(15.2)%(21.7)%(33.6)%Core loss per share($9.22)($14.52)($7.47)($10.44)

(1)These measures exclude certain components of pension and other postretirement benefit expense. See pages 53-54 for important information about these non-GAAP measures and reconciliations to the most directly comparable GAAP measures.

37

Table of Contents

Revenues

The following table summarizes Revenues:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Commercial Airplanes$30,115 $18,099 $11,094 $7,443 Defense, Space & Security19,817 18,507 6,902 5,536 Global Services15,714 14,835 5,370 4,901 Unallocated items, eliminations and other(131)(166)(96)(40)Total$65,515 $51,275 $23,270 $17,840 

Revenues for the nine months ended September 30, 2025, increased by $14,240 million compared with the same period in 2024 primarily driven by higher revenues at Commercial Airplanes (BCA) and Defense, Space & Security (BDS). BCA revenues increased by $12,016 million primarily due to higher deliveries. BDS revenues increased by $1,310 million primarily due to lower net unfavorable cumulative contract catch-up adjustments.

Revenues for the three months ended September 30, 2025, increased by $5,430 million compared with the same period in 2024 primarily driven by higher revenues at BCA and BDS.