Summary of Business Segment Data

12 Months Ended

Dec. 31, 2025

The Boeing Company and Subsidiaries

Notes to the Consolidated Financial Statements

Summary of Business Segment Data


(Dollars in millions)
Years ended December 31,	2025	2024	2023
Revenues:
Commercial Airplanes	$41,494	$22,861	$33,901
Defense, Space & Security	27,234	23,918	24,933
Global Services	20,923	19,954	19,127

Unallocated items, eliminations and other	(188)	(216)	(167)
Total revenues	$89,463	$66,517	$77,794
Earnings/(loss) from operations:
Commercial Airplanes	($7,079)	($7,969)	($1,635)
Defense, Space & Security	(128)	(5,413)	(1,764)
Global Services	13,474	3,618	3,329

Segment operating earnings/(loss)	6,267	(9,764)	(70)
Unallocated items, eliminations and other	(3,031)	(2,047)	(1,759)
FAS/CAS service cost adjustment	1,045	1,104	1,056
Earnings/(loss) from operations	4,281	(10,707)	(773)
Other income, net	1,125	1,222	1,227
Interest and debt expense	(2,771)	(2,725)	(2,459)
Earnings/(loss) before income taxes	2,635	(12,210)	(2,005)
Income tax (expense)/benefit	(397)	381	(237)


Net earnings/(loss)	2,238	(11,829)	(2,242)
Less: Net earnings/(loss) attributable to noncontrolling interest	3	(12)	(20)
Net earnings/(loss) attributable to Boeing shareholders	2,235	(11,817)	(2,222)
Less: Mandatory convertible preferred stock dividends accumulated during the period	345	58
Net earnings/(loss) attributable to Boeing common shareholders	$1,890	($11,875)	($2,222)

This information is an integral part of the Notes to the Consolidated Financial Statements. See Note 24 for further segment results.