Union Pacific (UNP) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter declined slightly compared to both the prior quarter and the same period last year. The decrease was modest, reflecting a continuation of the recent flat-to-lower trend.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter declined slightly compared to both the prior quarter and the same period last year. The decrease was modest, reflecting a continuation of the recent flat-to-lower trend.
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
-0.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.2B
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 |
|---|---|---|
| Jun 30, 2024 | $6B | +0.7% |
| Sep 30, 2024 | $6.1B | +2.5% |
| Dec 31, 2024 | $6.1B | -0.6% |
| Mar 31, 2025 | $6B | -0.1% |
Revenue performance
Total operating revenues decreased marginally, driven by a decline in freight and other revenue lines.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, and versus the same quarter one year earlier, it also edged down. The year-over-year change was negligible, while the sequential decline was more pronounced.
What to watch
Operating cash flow improved modestly, while capital spending increased, warranting attention to future cash deployment.