How does Boeing (BA) make money?

Boeing (BA) generates revenue primarily from Commercial Airplanes Segment, which accounted for 53.4% of total revenue in TTM through Q1 2026. The company reported $92.18B in revenue and converted 2.5% of it into net profit, equivalent to roughly $2.27B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Boeing (BA)?

Boeing (BA) reported a gross profit margin of 4.8% in TTM through Q1 2026, equivalent to $4.42B in gross profit on $92.18B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Boeing (BA)?

Boeing (BA) reported an operating profit margin of -5.9% in TTM through Q1 2026, equivalent to −$5.43B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Boeing (BA)?

Boeing (BA) reported a net profit margin of 2.5% in TTM through Q1 2026, equivalent to $2.27B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Boeing (BA) profitable?

Yes. Boeing (BA) reported $2.27B in net income for TTM through Q1 2026, with a net profit margin of 2.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Boeing (BA) invest in research and development?

Boeing (BA) invested $3.67B in research and development during TTM through Q1 2026, roughly 4.0% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Boeing (BA) spend on capital expenditures?

Boeing (BA) spent $3.54B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Boeing (BA) generate?

Boeing (BA) generated −$1.04B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -1.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Boeing (BA)?

Boeing (BA) had an effective tax rate of 12.5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Boeing (BA)?

Boeing (BA) reports revenue across 3 reportable product segments, led by Commercial Airplanes at 53.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Boeing Makes Money: 2026 Visual Revenue Map

Boeing (BA) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 22, 2026).

Boeing discloses geographic revenue only in annual filings. to view the full breakdown.

Boeing (BA) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Boeing (BA) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Commercial Airplanes	$49.22B	53.4%
Boeing Defense Space Security Segment	$24.43B	26.5%
Global Services	$18.53B	20.1%
Total	$92.18B	100%

Commercial Airplanes$49.22B
Boeing Defense Space Security Segment$24.43B
Global Services$18.53B
Total$92.18B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Boeing (BA) reports revenue across 3 operating segments; the largest segment was Commercial Airplanes at 53.4%, followed by Boeing Defense Space Security Segment (26.5%) and Global Services (20.1%).

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