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United Airlines Holdings UAL Q1 2025 earnings

Reported April 15, 2025 · After market close

Revenue$13.2BMiss by $18.9M
EPS$0.91Beat by $0.16
Revenue estimate$13.2B
EPS estimate$0.75

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$17.8B
EPS estimate$3.08

Financials

Q1 2025

Income statement

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Revenue$13.2B+5.4%
Operating income$607.0M+513%
Net income$387.0M+412%
EPS (diluted)$1.16+405%

Balance sheet

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Cash & equivalents$9.7B+12.1%
Total debt$32.9B+2.0%
Total equity$12.6B+37.3%
Total assets$76.1B+5.9%

Cash flow

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Operating cash flow$3.7B+30.3%
CapEx$1.2B-9.7%
Free cash flow$2.5B+67.1%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$22.6B+43.8%
Enterprise value$45.79B+16.5%
P/E6.2×+0.3×
P/S0.4×+0.1×

Profitability

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Operating margin9.7%+1.8pp
Net margin6.3%+1.4pp
FCF margin8.4%+8.2pp

Returns & leverage

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Return on equity33.6%-0.3pp
Debt / equity2.6×-0.9×
Current ratio0.8×0.0×

Segments

By product

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Passenger revenue$11.9B—
Ancillary Services$1.0B—
Cargo revenue$429.0M—

FAQ

When did United Airlines Holdings report Q1 2025 earnings?
United Airlines Holdings (UAL) reported Q1 2025 earnings on April 15, 2025 after market close.
What were United Airlines Holdings's Q1 2025 revenue and EPS?
United Airlines Holdings reported revenue of $13.2B and eps of $0.91 for Q1 2025.
Did United Airlines Holdings beat estimates in Q1 2025?
Revenue missed the consensus estimate of $13.2B by $18.9M. EPS beat the consensus estimate of $0.75 by $0.16.
Where can I find United Airlines Holdings's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000100517-25-000087) and the 10-Q periodic report (0000100517-25-000091) directly on SEC EDGAR. The filing index links above go to sec.gov.