Union Pacific (UNP) Revenue — Quarter Ended Jun 30, 2025
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The improvement reflects higher freight revenues, while other revenues declined.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The improvement reflects higher freight revenues, while other revenues declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.4B
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, 2024 | $6.1B | +2.5% |
| Dec 31, 2024 | $6.1B | -0.6% |
| Mar 31, 2025 | $6B | -0.1% |
| Jun 30, 2025 | $6.2B | +2.4% |
Revenue performance
Total operating revenues rose in the reported quarter, driven by an increase in freight revenues that more than offset a decrease in other revenues.
Quarterly comparison
Revenue was higher than in the immediately preceding quarter, reversing a slight decline seen in that period. Compared with the same quarter one year earlier, revenue also increased, continuing a pattern of year-over-year growth.
What to watch
The filing context did not provide specific drivers for the revenue change, but noted that operating cash flow improved due to higher net income and lower income taxes paid.