Union Pacific (UNP) financial statements
- FY2025 revenue
- $24.5B▲ +1.1%
- FY2025 net income
- $7.1B▲ +5.8%
- FY2025 diluted EPS
- $11.98▲ +8.0%
- FY2025 free cash flow
- $5.5B▼ −6.7%
Union Pacific income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 24,510 | 24,250 | 24,119 |
| Operating income | 9,846 | 9,713 | 9,082 |
| Pretax income | 9,166 | 8,794 | 8,233 |
| Net income | 7,138 | 6,747 | 6,379 |
| Diluted earnings per share | 11.98 | 11.09 | 10.45 |
Union Pacific balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 1,266 | 1,028 | 1,055 |
| Total assets | 69,698 | 67,715 | 67,132 |
| Total liabilities | 51,231 | 50,825 | 52,344 |
| Total equity | 18,467 | 16,890 | 14,788 |
| Long-term debt | 30,294 | 29,767 | 31,156 |
Union Pacific cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 9,290 | 9,346 | 8,379 |
| Capital expenditure | -3,791 | -3,452 | -3,606 |
| Free cash flow (derived) | 5,499 | 5,894 | 4,773 |
| Dividends paid | -3,236 | -3,213 | -3,173 |
| Share repurchases | -2,679 | -1,505 | -705 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 7,197 | 6,864 | 6,217 | 6,085 |
| Operating income (derived) | 2,943 | 2,763 | 2,458 | 2,401 |
| Net income (derived) | 2,076 | 1,993 | 1,701 | 1,848 |
| Diluted earnings per share | 3.49 | 3.36 | 2.87 | n/a |
| Operating cash flow (derived) | 2,786 | 3,076 | 2,440 | 2,225 |
| Total assets | 72,609 | 71,211 | 69,644 | 69,698 |
Union Pacific major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 7.6% | 44,823,799 | 30 April 2026 |
Union Pacific 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 22 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 22 October 2026 | 8-K | Current report | Current report |
| 16 October 2026 | 8-K | Current report | Current report |
| 23 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 23 July 2026 | 8-K | Current report | Current report |
| 18 May 2026 | 8-K | Current report | Current report |
| 23 April 2026 | 10-Q | Quarterly report | Quarterly report |
| 23 April 2026 | 8-K | Current report | Current report |
Common questions
What was Union Pacific's revenue in fiscal 2025?
Union Pacific reported $24.5 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 1.1% from fiscal 2024.
What was Union Pacific's net income in fiscal 2025?
Union Pacific reported net income of $7.1 billion for fiscal 2025, the year ended 31 December 2025, up 5.8% from fiscal 2024. Diluted earnings per share were $11.98.
What was Union Pacific's free cash flow in fiscal 2025?
Union Pacific had $5.5 billion in free cash flow in fiscal 2025. Operating cash flow was $9.3 billion and capital expenditure was $3.8 billion.
What were Union Pacific's total assets at the end of fiscal 2025?
Union Pacific reported total assets of $69.7 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Union Pacific history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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