Union Pacific Corporation (UNP) reported $26.36B of revenue for the twelve months ended Sep 30, 2026. That is up 7.4% from the year before. Revenue for fiscal 2025 was $24.51B.

Yes. Union Pacific Corporation earned $7.62B in net income for the twelve months ended Sep 30, 2026, a net margin of 28.9%.

How much cash and debt does UNP have?

Union Pacific Corporation reported $2.21B in cash and cash equivalents and $29.04B of debt on its most recent balance sheet in SEC filings.

How fast is UNP revenue growing?

Union Pacific Corporation's revenue changed +1.1% in fiscal 2025, to $24.51B. Its compound annual growth rate was +4.6% over 5 years and +1.2% over 10 years.

What is UNP free cash flow?

Union Pacific Corporation generated $6.69B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $10.53B less capital expenditures.

What is UNP earnings per share?

Diluted earnings per share were $12.84 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did UNP last report financial results?

The latest statements here come from Union Pacific Corporation's 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.

Financials · UNP

Union Pacific Corporation (UNP) financials

For the twelve months ended Sep 30, 2026, Union Pacific Corporation reported $26.36B of revenue and $7.62B of net income.

Revenue, TTM: $26.36B
Revenue growth, YoY: +7.4%
Net income, TTM: $7.62B
Net income growth, YoY: +8.0%
Net margin: 28.9%
Free cash flow, TTM: $6.69B
EPS, diluted, TTM: $12.84
EPS growth, YoY: +9.1%
Cash: $2.21B
Total debt: $29.04B
P/E: 22.63
P/S: 6.54
Market cap: $172.43B

Annual revenue$24.51B

FY2016FY2025

Annual net income$7.14B

FY2016FY2025

Annual free cash flow$5.50B

FY2016FY2025

UNP revenue and earnings growth

UNP revenueQ3 2026$7.20B

Quarter YoY: +15.3%
QoQ: +4.9%
FY YoY: +1.1%
5Y CAGR: +4.6%
10Y CAGR: +1.2%

UNP revenue was $7.20B in fiscal Q3 2026 (ended Sep 30, 2026), up 15.3% from a year earlier and up 4.9% from the prior quarter. For the full fiscal 2025 it was $24.51B, up 1.1% from fiscal 2024. Compound annual growth was +4.6% over 5 years and +1.2% over 10 years. It rose in 6 of the last 10 fiscal years.

UNP net incomeQ3 2026$2.08B

Quarter YoY: +16.1%
QoQ: +4.2%
FY YoY: +5.8%
5Y CAGR: +5.9%
10Y CAGR: +4.1%

UNP net income was $2.08B in fiscal Q3 2026 (ended Sep 30, 2026), up 16.1% from a year earlier and up 4.2% from the prior quarter. For the full fiscal 2025 it was $7.14B, up 5.8% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +4.1% over 10 years. It rose in 5 of the last 10 fiscal years.

UNP EPSQ3 2026$3.49

Quarter YoY: +15.9%
QoQ: +3.9%
FY YoY: +8.0%
5Y CAGR: +8.7%
10Y CAGR: +8.1%

UNP diluted EPS was $3.49 in fiscal Q3 2026 (ended Sep 30, 2026), up 15.9% from a year earlier and up 3.9% from the prior quarter. For the full fiscal 2025 it was $11.98, up 8.0% from fiscal 2024. Compound annual growth was +8.7% over 5 years and +8.1% over 10 years.

UNP free cash flowQ3 2026$1.76B

Quarter YoY: +12.1%
QoQ: -20.0%
FY YoY: -6.7%
5Y CAGR: -0.4%
10Y CAGR: +7.4%

UNP free cash flow was $1.76B in fiscal Q3 2026 (ended Sep 30, 2026), up 12.1% from a year earlier and down 20.0% from the prior quarter. For the full fiscal 2025 it was $5.50B, down 6.7% from fiscal 2024. Compound annual growth was -0.4% over 5 years and +7.4% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$24.51B	$24.25B	$24.12B	$24.88B	$21.80B	$19.53B	$21.71B	$22.83B	$21.24B	$19.94B
Operating income	$9.85B	$9.71B	$9.08B	$9.92B	$9.34B	$7.83B	$8.55B	$8.52B	$8.11B	$7.24B
Interest expense	$1.31B	$1.27B	$1.34B	$1.27B	$1.16B	$1.14B	$1.05B	$870.00M	$719.00M	$698.00M
Pre-tax income	$9.17B	$8.79B	$8.23B	$9.07B	$8.48B	$6.98B	$7.75B	$7.74B	$7.63B	$6.77B
Income tax	$2.03B	$2.05B	$1.85B	$2.07B	$1.96B	$1.63B	$1.83B	$1.77B	-$3.08B	$2.53B
Net income	$7.14B	$6.75B	$6.38B	$7.00B	$6.52B	$5.35B	$5.92B	$5.97B	$10.71B	$4.23B
EPS, basic	$12.00	$11.10	$10.47	$11.24	$9.98	$7.90	$8.41	$7.95	$13.42	$5.09
EPS, diluted	$11.98	$11.09	$10.45	$11.21	$9.95	$7.88	$8.38	$7.91	$13.36	$5.07
Diluted shares	595.9M	608.6M	610.2M	624.0M	655.4M	679.1M	706.1M	754.3M	801.7M	835.4M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.27B	$1.03B	$1.05B	$987.00M	$983.00M	$1.80B	$831.00M	$1.27B	$1.27B	$1.28B
Receivables	$1.86B	$1.89B	$2.07B	$1.89B	$1.72B	$1.50B	$1.59B	$1.75B	$1.49B	$1.26B
Current assets	$4.55B	$4.02B	$4.15B	$3.95B	$3.55B	$4.21B	$3.46B	$4.16B	$4.01B	$3.60B
Total assets	$69.70B	$67.72B	$67.13B	$65.45B	$63.52B	$62.40B	$61.67B	$59.15B	$57.81B	$55.72B
Current liabilities	$5.01B	$5.25B	$5.11B	$5.52B	$5.74B	$4.17B	$4.35B	$4.63B	$3.94B	$3.64B
Long-term debt	$30.29B	$29.77B	$31.16B	$31.65B	$27.56B	$25.66B	$23.94B	$20.93B	$16.14B	$14.25B
Total debt	$30.29B	$29.77B	$31.16B	$31.65B	$27.56B	$25.66B	$23.94B	$20.93B	$16.14B	$14.25B
Total liabilities	$51.23B	$50.83B	$52.34B	$53.29B	$49.36B	$45.44B	$43.55B	$38.72B	$32.95B	$35.79B
Shareholders' equity	$18.47B	$16.89B	$14.79B	$12.16B	$14.16B	$16.96B	$18.13B	$20.42B	$24.86B	$19.93B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$9.29B	$9.35B	$8.38B	$9.36B	$9.03B	$8.54B	$8.61B	$8.69B	$7.23B	$7.53B
Capital expenditures	$3.79B	$3.45B	$3.61B	$3.62B	$2.94B	$2.93B	$3.45B	$3.44B	$3.24B	$3.50B
Free cash flow	$5.50B	$5.89B	$4.77B	$5.74B	$6.10B	$5.61B	$5.16B	$5.25B	$3.99B	$4.02B
Investing cash flow	-$3.76B	-$3.33B	-$3.67B	-$3.47B	-$2.71B	-$2.68B	-$3.44B	-$3.41B	-$3.09B	-$3.39B
Financing cash flow	-$5.28B	-$6.07B	-$4.63B	-$5.89B	-$7.16B	-$4.90B	-$5.65B	-$5.22B	-$4.15B	-$4.25B
Dividends paid	$3.24B	$3.21B	$3.17B	$3.16B	$2.80B	$2.63B	$2.60B	$2.30B	$1.98B	$1.88B
Share repurchases	$2.68B	$1.50B	$705.00M	$6.28B	$7.29B	$3.71B	$5.80B	$8.22B	$4.01B	$3.10B
Stock-based compensation	-	-	$107.00M	$99.00M	$88.00M	$73.00M	$93.00M	$96.00M	$103.00M	$82.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	1.1%	0.5%	-3.0%	14.1%	11.6%	-10.0%	-4.9%	7.5%	6.5%	-8.6%
Net income growth, YoY	5.8%	5.8%	-8.8%	7.3%	21.9%	-9.6%	-0.8%	-44.3%	153.1%	-11.3%
EPS growth, YoY	8.0%	6.1%	-6.8%	12.7%	26.3%	-6.0%	5.9%	-40.8%	163.5%	-7.7%
Operating margin	40.2%	40.1%	37.7%	39.9%	42.8%	40.1%	39.4%	37.3%	38.2%	36.3%
Net margin	29.1%	27.8%	26.4%	28.1%	29.9%	27.4%	27.3%	26.1%	50.4%	21.2%
Free cash flow margin	22.4%	24.3%	19.8%	23.1%	28.0%	28.7%	23.8%	23.0%	18.8%	20.2%
Return on equity	38.7%	39.9%	43.1%	57.5%	46.1%	31.5%	32.7%	29.2%	43.1%	21.2%
Return on assets	10.2%	10.0%	9.5%	10.7%	10.3%	8.6%	9.6%	10.1%	18.5%	7.6%
Current ratio	0.91	0.77	0.81	0.72	0.62	1.01	0.79	0.90	1.02	0.99
Debt to equity	1.64	1.76	2.11	2.60	1.95	1.51	1.32	1.02	0.65	0.71

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$7.20B	$6.86B	$6.22B	$6.08B	$6.24B	$6.15B	$6.03B	$6.12B	$6.09B	$6.01B	$6.03B	$6.16B
Operating income	$2.94B	$2.76B	$2.46B	$2.40B	$2.55B	$2.52B	$2.37B	$2.52B	$2.42B	$2.40B	$2.37B	$2.41B
Interest expense	$312.00M	$313.00M	$320.00M	$325.00M	$327.00M	$335.00M	$322.00M	$312.00M	$314.00M	$319.00M	$324.00M	$331.00M
Pre-tax income	$2.73B	$2.56B	$2.23B	$2.41B	$2.32B	$2.31B	$2.13B	$2.28B	$2.19B	$2.18B	$2.14B	$2.18B
Income tax	$650.00M	$562.00M	$528.00M	$560.00M	$530.00M	$437.00M	$501.00M	$519.00M	$518.00M	$511.00M	$499.00M	$532.00M
Net income	$2.08B	$1.99B	$1.70B	$1.85B	$1.79B	$1.88B	$1.63B	$1.76B	$1.67B	$1.67B	$1.64B	$1.65B
EPS, basic	$3.50	$3.36	$2.87	$3.11	$3.02	$3.16	$2.71	$2.91	$2.75	$2.75	$2.69	$2.71
EPS, diluted	$3.49	$3.36	$2.87	$3.12	$3.01	$3.15	$2.70	$2.91	$2.75	$2.74	$2.69	$2.70
Diluted shares	594.5M	594.0M	593.6M	-	593.2M	594.8M	601.9M	-	608.6M	610.3M	610.2M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$2.21B	$1.61B	$735.00M	$1.27B	$808.00M	$1.06B	$1.41B	$1.03B	$947.00M	$1.14B	$925.00M	$1.05B
Receivables	$2.14B	$2.13B	$1.99B	$1.86B	$1.92B	$1.92B	$1.97B	$1.89B	$2.04B	$2.12B	$2.16B	$2.07B
Current assets	$6.52B	$5.53B	$4.21B	$4.55B	$3.90B	$4.18B	$4.54B	$4.02B	$4.15B	$4.50B	$4.19B	$4.15B
Total assets	$72.61B	$71.21B	$69.64B	$69.70B	$68.65B	$68.58B	$68.49B	$67.72B	$67.57B	$67.82B	$67.27B	$67.13B
Current liabilities	$5.61B	$5.61B	$4.60B	$5.01B	$5.22B	$6.45B	$6.22B	$5.25B	$5.37B	$4.29B	$4.53B	$5.11B
Long-term debt	$29.04B	$29.04B	$29.78B	$30.29B	$30.29B	$30.29B	$30.61B	$29.77B	$29.76B	$31.16B	$31.20B	$31.16B
Total debt	$29.04B	$29.04B	$29.78B	$30.29B	$30.29B	$30.29B	$30.61B	$29.77B	$29.76B	$31.16B	$31.20B	$31.16B
Total liabilities	$50.59B	$50.54B	$50.23B	$51.23B	$51.34B	$52.32B	$52.45B	$50.83B	$50.99B	$51.33B	$51.60B	$52.34B
Shareholders' equity	$22.02B	$20.67B	$19.42B	$18.47B	$17.30B	$16.26B	$16.04B	$16.89B	$16.58B	$16.49B	$15.66B	$14.79B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$2.79B	$3.08B	$2.44B	$2.23B	$2.52B	$2.33B	$2.21B	$2.66B	$2.65B	$1.91B	$2.12B	$2.40B
Capital expenditures	$1.02B	$873.00M	$937.00M	$999.00M	$950.00M	$936.00M	$906.00M	$922.00M	$831.00M	$902.00M	$797.00M	$1.02B
Free cash flow	$1.76B	$2.20B	$1.50B	$1.23B	$1.57B	$1.40B	$1.30B	$1.74B	$1.82B	$1.01B	$1.32B	$1.37B
Investing cash flow	-$1.39B	-$1.08B	-$988.00M	-$971.00M	-$952.00M	-$901.00M	-$938.00M	-$899.00M	-$834.00M	-$790.00M	-$802.00M	-$1.02B
Financing cash flow	-$799.00M	-$1.13B	-$1.98B	-$804.00M	-$1.82B	-$1.77B	-$878.00M	-$1.69B	-$2.01B	-$917.00M	-$1.45B	-$1.08B
Dividends paid	$844.00M	$819.00M	$821.00M	$818.00M	$819.00M	$795.00M	$804.00M	$810.00M	$815.00M	$793.00M	$795.00M	$793.00M
Share repurchases	$0	$26.00M	$0	$0	$0	$1.26B	$1.42B	$674.00M	$731.00M	$100.00M	$0	$0
Stock-based compensation	-	-	-	-	-	-	-	-	$33.00M	$28.00M	$26.00M	$23.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	15.3%	11.5%	3.2%	-0.6%	2.5%	2.4%	-0.1%	-0.6%	2.5%	0.7%	-0.4%	-0.3%
Net income growth, YoY	16.1%	6.2%	4.6%	4.9%	7.0%	12.1%	-0.9%	6.7%	9.4%	6.6%	0.7%	0.9%
EPS growth, YoY	15.9%	6.7%	6.3%	7.2%	9.5%	15.0%	0.4%	7.8%	9.6%	6.6%	0.7%	1.5%
Operating margin	40.9%	40.3%	39.5%	39.5%	40.8%	41.0%	39.3%	41.3%	39.7%	40.0%	39.3%	39.1%
Net margin	28.8%	29.0%	27.4%	30.4%	28.6%	30.5%	27.0%	28.8%	27.4%	27.9%	27.2%	26.8%
Free cash flow margin	24.5%	32.1%	24.2%	20.1%	25.2%	22.7%	21.6%	28.4%	29.9%	16.8%	22.0%	22.3%
Current ratio	1.16	0.99	0.92	0.91	0.75	0.65	0.73	0.77	0.77	1.05	0.93	0.81
Debt to equity	1.32	1.40	1.53	1.64	1.75	1.86	1.91	1.76	1.79	1.89	1.99	2.11

Source: XBRL data Union Pacific Corporation files with the SEC, latest filing dated Oct 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Jul 25, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

UNP peers

Company	Revenue	Growth	Net income	Net margin	Market cap
UNP	$26.36B	+7.4%	$7.62B	28.9%	$172.43B
CSXCSX Corporation	$14.94B	+5.8%	$3.58B	24.0%	$90.54B
CPCanadian Pacific Kansas City Limited	C$16.01B	+6.5%	C$3.86B	24.1%	$80.15B
NSCNorfolk Southern Corporation	$12.96B	+6.0%	$2.68B	20.7%	$71.86B
WABWestinghouse Air Brake Technologies Corporation	$12.21B	+13.2%	$1.37B	11.2%	$47.59B
TRNTrinity Industries Inc.	$2.12B	-2.4%	$327.30M	15.4%	$2.30B
GBXGreenbrier Companies Inc.	$2.46B	-24.0%	$79.00M	3.2%	$1.29B
FIPFTAI Infrastructure Inc.	$737.62M	+67.7%	-$516.44M	-70.0%	$410.1M

UNP FAQ

8 questions

What is UNP revenue?
Union Pacific Corporation (UNP) reported $26.36B of revenue for the twelve months ended Sep 30, 2026. That is up 7.4% from the year before. Revenue for fiscal 2025 was $24.51B.
Is UNP profitable?
Yes. Union Pacific Corporation earned $7.62B in net income for the twelve months ended Sep 30, 2026, a net margin of 28.9%.
How much cash and debt does UNP have?
Union Pacific Corporation reported $2.21B in cash and cash equivalents and $29.04B of debt on its most recent balance sheet in SEC filings.
How fast is UNP revenue growing?
Union Pacific Corporation's revenue changed +1.1% in fiscal 2025, to $24.51B. Its compound annual growth rate was +4.6% over 5 years and +1.2% over 10 years.
What is UNP free cash flow?
Union Pacific Corporation generated $6.69B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $10.53B less capital expenditures.
What is UNP earnings per share?
Diluted earnings per share were $12.84 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did UNP last report financial results?
The latest statements here come from Union Pacific Corporation's 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.
Where does this UNP financial data come from?
Quantisnow builds these statements from the structured XBRL data Union Pacific Corporation files with the SEC. It is provided for information only and is not investment advice.