Union Pacific (UNP) Revenue — Quarter Ended Jun 30, 2023
Union Pacific's revenue declined in the current quarter, falling both from the prior quarter and from the same period last year. The decrease marks a continuation of the downward trend observed over recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Union Pacific's revenue declined in the current quarter, falling both from the prior quarter and from the same period last year. The decrease marks a continuation of the downward trend observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.5%
Change from the immediately preceding quarter.
Year-over-year
-4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $6.6B | +18.0% |
| Dec 31, 2022 | $6.2B | +7.8% |
| Mar 31, 2023 | $6.1B | +3.3% |
| Jun 30, 2023 | $6B | -4.9% |
Revenue performance
Reported revenue decreased compared with the preceding quarter, reflecting a further softening in the company's top line. The year-over-year comparison also showed a decline, with the slowdown more pronounced against the prior year's figure.
Quarterly comparison
Sequentially, revenue fell from the immediately prior quarter, continuing the pattern of quarterly declines. On an annual basis, revenue was also lower than the same quarter one year earlier, extending the year-over-year contraction.
What to watch
The persistent drop in quarterly revenue warrants close observation for any signs of stabilization or further deterioration.