United Airlines Q3 FY25: where the revenue came from and where it went
The whole income statement of United Airlines for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 16, 2025
Revenue$15.23B
+3% year over year
Operating profit$1.26B
8% margin
Net profit$0.95B
6% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 15.23 | 100% | +3% |
| Passenger | 13.82 | 91% | +2% |
| Product & service other | 0.98 | 6% | +13% |
| Cargo & freight | 0.43 | 3% | +3% |
| Operating expenses | −13.97 | 92% | |
| Compensation | −4.56 | 30% | +1pp |
| D&A | −0.73 | 5% | +0pp |
| Interest | −0.33 | 2% | +0pp |
| Underwriting | −2.55 | 17% | +1pp |
| Other | −5.81 | 38% | +0pp |
| Operating profit | 1.26 | 8% margin | |
| Tax | −0.31 | ||
| Net profit | 0.95 | 6% margin |
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