Union Pacific Corp (UNP) Financial Statements
Industry: Railroads, Line-Haul Operating
In fiscal 2025, Union Pacific reported revenue of $24.51B, up 1.1% from $24.25B the year before. Net income was $7.14B (a 29.1% net margin), or $11.98 per diluted share. Gross margin was 40.2% and operating margin was 40.2%. Operating activities generated $9.29B of cash, leaving $5.50B of free cash flow. At fiscal year end, Union Pacific held $69.70B in total assets against $51.23B in total liabilities, including $1.27B of cash and equivalents.
Open the full interactive Union Pacific financials → Quarterly statements, key ratios, valuation history and price charts.
Union Pacific Key Stats
| Share Price | $282.36 |
|---|---|
| Market Cap | $167.72B |
| P/E Ratio | 23.6 |
| Dividend Yield | 1.95% |
| Revenue YoY Growth | +1.1% |
| 52-Week Range | $211.90 – $309.19 |
| Shares Outstanding | 593.4 million (basic, 2026 Q2) |
Union Pacific Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $19.53B | $21.80B | $24.88B | $24.12B | $24.25B | $24.51B |
| Cost of Goods Sold | — | $12.47B | $14.96B | $15.04B | $14.54B | $14.66B |
| Gross Profit | — | $9.34B | $9.92B | $9.08B | $9.71B | $9.85B |
| Operating Income | $7.83B | $9.34B | $9.92B | $9.08B | $9.71B | $9.85B |
| Pre-Tax Income | $6.98B | $8.48B | $9.07B | $8.23B | $8.79B | $9.17B |
| Income Tax | $1.63B | $1.96B | $2.07B | $1.85B | $2.05B | $2.03B |
| Net Income | $5.35B | $6.52B | $7.00B | $6.38B | $6.75B | $7.14B |
| Diluted EPS | $7.88 | $9.95 | $11.21 | $10.45 | $11.09 | $11.98 |
Union Pacific Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.24B | $6.08B | $6.22B | $6.86B |
| Net Income | $1.79B | $1.85B | $1.70B | $1.99B |
| Diluted EPS | $3.01 | $3.10 | $2.87 | $3.36 |
Union Pacific Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.80B | $960.0M | $973.0M | $1.05B | $1.02B | $1.27B |
| Current Assets | $4.21B | $3.55B | $3.95B | $4.15B | $4.02B | $4.55B |
| Total Assets | $62.40B | $63.52B | $65.45B | $67.13B | $67.72B | $69.70B |
| Current Liabilities | $4.17B | $5.74B | $5.52B | $5.11B | $5.25B | $5.01B |
| Total Long-Term Debt | $26.73B | $29.73B | $33.33B | $32.58B | $31.19B | $31.81B |
| Total Liabilities | $45.44B | $49.36B | $53.29B | $52.34B | $50.83B | $51.23B |
| Shareholders' Equity | $16.96B | $14.16B | $12.16B | $14.79B | $16.89B | $18.47B |
Union Pacific Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $8.54B | $9.03B | $9.36B | $8.38B | $9.35B | $9.29B |
| Cash From Investing | -$2.68B | -$2.71B | -$3.47B | -$3.67B | -$3.33B | -$3.76B |
| Cash From Financing | -$4.90B | -$7.16B | -$5.89B | -$4.62B | -$6.07B | -$5.28B |
| Free Cash Flow | $5.61B | $6.10B | $5.74B | $4.77B | $5.89B | $5.50B |
| Dividends Paid | $2.63B | $2.80B | $3.16B | $3.17B | $3.21B | $3.24B |
Figures from Union Pacific's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Union Pacific financials page for every line item.
Union Pacific Company Profile
| Ticker | UNP |
|---|---|
| Exchange | NYSE |
| Industry | Railroads, Line-Haul Operating |
| Headquarters | Omaha, Nebraska |
| Incorporated in | Utah |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000100885 |
Frequently Asked Questions
What was Union Pacific's revenue in fiscal 2025?
Union Pacific (UNP) reported revenue of $24.51B for fiscal 2025.
What is Union Pacific's annual revenue history?
Union Pacific's annual revenue by fiscal year: 2020: $19.53B; 2021: $21.80B; 2022: $24.88B; 2023: $24.12B; 2024: $24.25B; 2025: $24.51B.
What was Union Pacific's net income in fiscal 2025?
Union Pacific reported net income of $7.14B for fiscal 2025.
What was Union Pacific's earnings per share (EPS) in fiscal 2025?
Union Pacific's diluted EPS was $11.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Union Pacific generate in fiscal 2025?
Union Pacific generated $5.50B of free cash flow in fiscal 2025.
What was Union Pacific's revenue last quarter?
In its most recent reported quarter (2026 Q2), Union Pacific reported revenue of $6.86B.
How much debt does Union Pacific have?
Union Pacific reported $31.81B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Union Pacific are outstanding?
Union Pacific reported a weighted average of 593.4 million basic shares outstanding in 2026 Q2.
What is Union Pacific's market cap?
Based on its latest closing price, Union Pacific (UNP) has a market capitalization of about $167.72B.
When does Union Pacific's fiscal year end?
Union Pacific's fiscal year end, as registered with the SEC, is December 31.
Where is Union Pacific headquartered?
Union Pacific lists its business address in Omaha, Nebraska in its SEC filings.