UNION PACIFIC CORP (UNP)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue6,244,000,000$6,154,000,000$6,027,000,000$6,121,000,000$6,091,000,000$6,007,000,000$6,031,000,000$6,159,000,000$5,941,000,000$5,963,000,000$6,056,000,000$6,180,000,000$6,566,000,000$6,269,000,000$5,860,000,000$5,733,000,000$5,566,000,000$5,504,000,000$5,001,000,000$6,085,000,000$4,919,000,000$4,244,000,000$5,229,000,000$6,316,000,000$5,516,000,000$5,596,000,000$5,384,000,000$5,757,000,000$5,928,000,000$5,672,000,000$5,475,000,000$5,450,000,000$5,408,000,000$5,250,000,000$5,132,000,000$5,168,000,000$5,174,000,000$4,770,000,000$4,829,000,000$5,208,000,000$5,562,000,000$5,429,000,000$5,614,000,000$6,153,000,000$6,182,000,000$6,015,000,000$5,638,000,000$5,630,000,000$
QoQ%1.46%2.11%(1.54%).49%1.40%(.40%)(2.08%)3.67%(.37%)(1.54%)(2.01%)(5.88%)4.74%6.98%2.22%3.00%1.13%10.06%(17.81%)23.70%15.91%(18.84%)(17.21%)14.50%(1.43%)3.94%(6.48%)(2.89%)4.51%3.60%.46%.78%3.01%2.30%(.70%)(.12%)8.47%(1.22%)(7.28%)(6.37%)2.45%(3.30%)(8.76%)(.47%)2.78%6.69%.14%1.02%
YoY%2.51%2.45%(.07%)(.62%)2.53%.74%(.41%)(.34%)(9.52%)(4.88%)3.35%7.80%17.97%13.90%17.18%(5.79%)13.15%29.69%(4.36%)(3.66%)(10.82%)(24.16%)(2.88%)9.71%(6.95%)(1.34%)(1.66%)5.63%9.62%8.04%6.68%5.46%4.52%10.06%6.28%(.77%)(6.98%)(12.14%)(13.98%)(15.36%)(10.03%)(9.74%)(.43%)9.29%10.93%9.96%6.58%7.24%
Cost Of Revenue616,000,000$576,000,000$603,000,000$581,000,000$610,000,000$625,000,000$658,000,000$759,000,000$702,000,000$664,000,000$766,000,000$853,000,000$932,000,000$940,000,000$714,000,000$597,000,000$544,000,000$497,000,000$411,000,000$332,000,000$301,000,000$247,000,000$434,000,000$512,000,000$504,000,000$560,000,000$531,000,000$640,000,000$659,000,000$643,000,000$589,000,000$547,000,000$450,000,000$434,000,000$460,000,000$431,000,000$392,000,000$346,000,000$320,000,000$424,000,000$484,000,000$541,000,000$564,000,000$813,000,000$882,000,000$923,000,000$921,000,000$905,000,000$
Gross Profit5,628,000,000$5,578,000,000$5,424,000,000$5,540,000,000$5,481,000,000$5,382,000,000$5,373,000,000$5,400,000,000$5,239,000,000$5,299,000,000$5,290,000,000$5,327,000,000$5,634,000,000$5,329,000,000$5,146,000,000$5,136,000,000$5,022,000,000$5,007,000,000$4,590,000,000$5,753,000,000$4,618,000,000$3,997,000,000$4,795,000,000$5,804,000,000$5,012,000,000$5,036,000,000$4,853,000,000$5,117,000,000$5,269,000,000$5,029,000,000$4,886,000,000$4,903,000,000$4,958,000,000$4,816,000,000$4,672,000,000$4,737,000,000$4,782,000,000$4,424,000,000$4,509,000,000$4,784,000,000$5,078,000,000$4,888,000,000$5,050,000,000$5,340,000,000$5,300,000,000$5,092,000,000$4,717,000,000$4,725,000,000$
Gross Margin90.14%90.64%90.00%90.51%89.99%89.60%89.09%87.68%88.18%88.87%87.35%86.20%85.81%85.01%87.82%89.59%90.23%90.97%91.78%94.54%93.88%94.18%91.70%91.89%90.86%89.99%90.14%88.88%88.88%88.66%89.24%89.96%91.68%91.73%91.04%91.66%92.42%92.75%93.37%91.86%91.30%90.04%89.95%86.79%85.73%84.66%83.66%83.93%
Operating Expenses3,079,000,000$3,053,000,000$3,053,000,000$3,015,000,000$3,065,000,000$2,982,000,000$3,001,000,000$2,993,000,000$3,062,000,000$3,095,000,000$2,996,000,000$2,915,000,000$3,001,000,000$2,834,000,000$2,769,000,000$2,696,000,000$3,134,000,000$3,031,000,000$3,008,000,000$3,135,000,000$2,888,000,000$2,590,000,000$3,086,000,000$3,112,000,000$3,282,000,000$3,336,000,000$3,424,000,000$3,547,000,000$3,659,000,000$3,573,000,000$3,536,000,000$3,203,000,000$3,335,000,000$3,252,000,000$3,344,000,000$3,232,000,000$3,214,000,000$3,110,000,000$3,142,000,000$3,290,000,000$3,354,000,000$3,480,000,000$3,637,000,000$3,780,000,000$3,852,000,000$3,819,000,000$3,784,000,000$3,657,000,000$
Operating Income2,549,000,000$2,525,000,000$2,371,000,000$2,525,000,000$2,416,000,000$2,400,000,000$2,372,000,000$2,407,000,000$2,177,000,000$2,204,000,000$2,294,000,000$2,412,000,000$2,633,000,000$2,495,000,000$2,377,000,000$2,440,000,000$2,432,000,000$2,473,000,000$1,993,000,000$2,006,000,000$2,031,000,000$1,654,000,000$2,143,000,000$2,100,000,000$2,234,000,000$2,260,000,000$1,960,000,000$2,210,000,000$2,269,000,000$2,099,000,000$1,939,000,000$2,247,000,000$2,073,000,000$1,998,000,000$1,788,000,000$1,965,000,000$1,960,000,000$1,660,000,000$1,687,000,000$1,918,000,000$2,208,000,000$1,949,000,000$1,977,000,000$2,373,000,000$2,330,000,000$2,196,000,000$1,854,000,000$1,973,000,000$
Operating Margin40.82%41.03%39.34%41.25%39.67%39.95%39.33%39.08%36.64%36.96%37.88%39.03%40.10%39.80%40.56%42.56%43.69%44.93%39.85%32.97%41.29%38.97%40.98%33.25%40.50%40.39%36.40%38.39%38.28%37.01%35.42%41.23%38.33%38.06%34.84%38.02%37.88%34.80%34.94%36.83%39.70%35.90%35.22%38.57%37.69%36.51%32.88%35.04%
Interest Income1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$
Interest Expenses314,000,000$319,000,000$324,000,000$331,000,000$334,000,000$339,000,000$336,000,000$333,000,000$315,000,000$316,000,000$307,000,000$295,000,000$290,000,000$282,000,000$290,000,000$279,000,000$295,000,000$289,000,000$278,000,000$278,000,000$266,000,000$259,000,000$247,000,000$240,000,000$241,000,000$203,000,000$186,000,000$188,000,000$180,000,000$179,000,000$172,000,000$174,000,000$184,000,000$173,000,000$167,000,000$164,000,000$157,000,000$153,000,000$148,000,000$146,000,000$144,000,000$138,000,000$133,000,000$127,000,000$
Income Before Tax2,318,000,000$2,313,000,000$2,127,000,000$2,281,000,000$2,189,000,000$2,184,000,000$2,140,000,000$2,184,000,000$1,949,000,000$1,958,000,000$2,142,000,000$2,171,000,000$2,442,000,000$2,342,000,000$2,117,000,000$2,228,000,000$2,180,000,000$2,316,000,000$1,754,000,000$1,793,000,000$1,773,000,000$1,496,000,000$1,918,000,000$1,878,000,000$2,021,000,000$2,058,000,000$1,790,000,000$2,016,000,000$2,076,000,000$1,938,000,000$1,711,000,000$2,092,000,000$1,983,000,000$1,869,000,000$1,688,000,000$1,831,000,000$1,805,000,000$1,564,000,000$1,566,000,000$1,782,000,000$2,081,000,000$1,938,000,000$1,855,000,000$2,298,000,000$2,206,000,000$2,080,000,000$1,759,000,000$1,883,000,000$
Tax Expenses530,000,000$437,000,000$501,000,000$519,000,000$518,000,000$511,000,000$499,000,000$532,000,000$421,000,000$389,000,000$512,000,000$533,000,000$547,000,000$507,000,000$487,000,000$517,000,000$507,000,000$518,000,000$413,000,000$413,000,000$410,000,000$364,000,000$444,000,000$475,000,000$466,000,000$488,000,000$399,000,000$462,000,000$483,000,000$429,000,000$401,000,000$(5,186,000,000$)789,000,000$701,000,000$616,000,000$687,000,000$674,000,000$585,000,000$587,000,000$665,000,000$781,000,000$734,000,000$704,000,000$867,000,000$836,000,000$789,000,000$671,000,000$709,000,000$
Net Income1,788,000,000$1,876,000,000$1,626,000,000$1,762,000,000$1,671,000,000$1,673,000,000$1,641,000,000$1,652,000,000$1,528,000,000$1,569,000,000$1,630,000,000$1,638,000,000$1,895,000,000$1,835,000,000$1,630,000,000$1,711,000,000$1,673,000,000$1,798,000,000$1,341,000,000$1,380,000,000$1,363,000,000$1,132,000,000$1,474,000,000$1,403,000,000$1,555,000,000$1,570,000,000$1,391,000,000$1,554,000,000$1,593,000,000$1,509,000,000$1,310,000,000$7,278,000,000$1,194,000,000$1,168,000,000$1,072,000,000$1,144,000,000$1,131,000,000$979,000,000$979,000,000$1,117,000,000$1,300,000,000$1,204,000,000$1,151,000,000$1,431,000,000$1,370,000,000$1,291,000,000$1,088,000,000$1,174,000,000$
Profit Margin28.64%30.48%26.98%28.79%27.43%27.85%27.21%26.82%25.72%26.31%26.92%26.51%28.86%29.27%27.82%29.85%30.06%32.67%26.82%22.68%27.71%26.67%28.19%22.21%28.19%28.06%25.84%26.99%26.87%26.60%23.93%133.54%22.08%22.25%20.89%22.14%21.86%20.52%20.27%21.45%23.37%22.18%20.50%23.26%22.16%21.46%19.30%20.85%
TTM28.73%28.43%27.77%27.82%27.33%26.90%26.52%26.45%26.37%27.18%27.91%28.13%28.95%29.23%30.06%29.92%27.95%27.35%25.76%26.12%25.94%26.12%26.49%25.95%27.28%26.95%26.59%26.13%51.90%51.31%50.73%50.43%21.84%21.79%21.37%21.23%21.05%21.48%21.88%21.88%22.35%22.06%21.88%21.59%20.98%20.58%20.26%19.98%
Earnings to Minority
Earnings to Common Shareholders1,788,000,000$1,876,000,000$1,626,000,000$1,762,000,000$1,671,000,000$1,673,000,000$1,641,000,000$1,652,000,000$1,528,000,000$1,569,000,000$1,630,000,000$1,638,000,000$1,895,000,000$1,835,000,000$1,630,000,000$1,711,000,000$1,673,000,000$1,798,000,000$1,341,000,000$1,380,000,000$1,363,000,000$1,132,000,000$1,474,000,000$1,403,000,000$1,555,000,000$1,570,000,000$1,391,000,000$1,554,000,000$1,593,000,000$1,509,000,000$1,310,000,000$7,278,000,000$1,194,000,000$1,168,000,000$1,072,000,000$1,144,000,000$1,131,000,000$979,000,000$979,000,000$1,117,000,000$1,300,000,000$1,204,000,000$1,151,000,000$1,431,000,000$1,370,000,000$1,291,000,000$1,088,000,000$1,174,000,000$
QoQ%(4.69%)15.38%(7.72%)5.45%(.12%)1.95%(.67%)8.12%(2.61%)(3.74%)(.49%)(13.56%)3.27%12.58%(4.73%)2.27%(6.95%)34.08%(2.83%)1.25%20.41%(23.20%)5.06%(9.78%)(.96%)12.87%(10.49%)(2.45%)5.57%15.19%(82.00%)509.55%2.23%8.96%(6.29%)1.15%15.53%.00%(12.36%)(14.08%)7.97%4.61%(19.57%)4.45%6.12%18.66%(7.33%)2.00%
YoY%7.00%12.13%(.91%)6.66%9.36%6.63%.68%.86%(19.37%)(14.50%).00%(4.27%)13.27%2.06%21.55%23.99%22.74%58.83%(9.02%)(1.64%)(12.35%)(27.90%)5.97%(9.72%)(2.39%)4.04%6.18%(78.65%)33.42%29.20%22.20%536.19%5.57%19.31%9.50%2.42%(13.00%)(18.69%)(14.94%)(21.94%)(5.11%)(6.74%)5.79%21.89%19.03%16.73%13.69%13.32%
Earnings Per Share, Basic3.02$3.16$2.71$2.92$2.75$2.75$2.69$2.71$2.51$2.58$2.67$2.67$3.05$2.93$2.58$2.67$2.58$2.73$2.01$2.05$2.02$1.67$2.15$2.03$2.22$2.23$1.94$2.13$2.16$1.98$1.69$9.29$1.50$1.45$1.32$1.40$1.36$1.17$1.16$1.31$1.51$1.38$1.31$1.62$1.53$1.43$1.20$0.85$
Earnings Per Share, Diluted3.01$3.15$2.70$2.91$2.75$2.74$2.69$2.71$2.51$2.57$2.67$2.67$3.05$2.93$2.57$2.67$2.57$2.72$2.00$2.05$2.01$1.67$2.15$2.02$2.22$2.22$1.93$2.12$2.15$1.98$1.68$9.25$1.50$1.45$1.32$1.39$1.36$1.17$1.16$1.31$1.50$1.38$1.30$1.61$1.53$1.43$1.19$0.84$
Unlevered FCF Per Share, Basic2.65$2.35$2.17$2.88$3.00$1.66$2.17$2.25$1.89$1.94$1.75$2.22$2.99$1.81$2.20$2.40$2.36$2.44$2.13$2.85$1.34$2.13$1.97$2.00$2.04$1.68$1.79$2.07$
Unlevered FCF Per Share, Diluted2.65$2.35$2.17$2.87$2.99$1.65$2.17$2.25$1.89$1.94$1.75$2.22$2.99$1.81$2.19$2.40$2.35$2.43$2.12$2.84$1.34$2.13$1.96$2.00$2.04$1.68$1.78$2.06$
Average Shares, Basic592,400,000594,100,000601,000,000604,200,000607,600,000609,400,000609,200,000608,800,000608,700,000608,700,000610,600,000612,600,000620,400,000625,600,000632,200,000640,400,000648,700,000658,500,000667,600,000672,200,000675,000,000677,700,000684,300,000692,400,000699,300,000705,500,000716,800,000729,300,000737,400,000760,500,000776,400,000783,500,000794,500,000804,100,000811,500,000819,200,000829,000,000837,400,000844,000,000850,400,000862,900,000872,200,000879,300,000885,600,000893,200,000901,500,000908,100,0001,384,100,000
Average Shares, Diluted593,200,000594,800,000601,900,000605,300,000608,600,000610,300,000610,200,000610,000,000609,800,000609,500,000611,500,000614,100,000621,500,000626,800,000633,600,000642,000,000650,300,000660,100,000669,200,000674,200,000676,800,000679,200,000686,200,000695,000,000701,900,000708,000,000719,500,000733,000,000740,900,000763,700,000779,600,000787,200,000797,600,000807,200,000814,800,000822,600,000832,200,000840,100,000846,700,000853,800,000865,800,000875,200,000882,800,000890,000,000896,900,000905,000,000912,500,0001,391,800,000
EBIT2,318,000,000$2,313,000,000$2,127,000,000$2,281,000,000$2,503,000,000$2,503,000,000$2,464,000,000$2,515,000,000$2,283,000,000$2,297,000,000$2,478,000,000$2,504,000,000$2,757,000,000$2,658,000,000$2,424,000,000$2,523,000,000$2,470,000,000$2,598,000,000$2,044,000,000$2,072,000,000$2,068,000,000$1,785,000,000$2,196,000,000$2,156,000,000$2,287,000,000$2,317,000,000$2,037,000,000$2,256,000,000$2,317,000,000$2,141,000,000$1,897,000,000$2,280,000,000$2,163,000,000$2,048,000,000$1,860,000,000$2,005,000,000$1,989,000,000$1,737,000,000$1,733,000,000$1,946,000,000$2,238,000,000$2,091,000,000$2,003,000,000$2,444,000,000$2,350,000,000$2,218,000,000$1,892,000,000$2,010,000,000$
EBITDA2,318,000,000$2,313,000,000$2,127,000,000$2,281,000,000$2,503,000,000$2,503,000,000$2,464,000,000$2,515,000,000$2,283,000,000$2,297,000,000$2,478,000,000$2,504,000,000$2,757,000,000$2,658,000,000$2,424,000,000$2,523,000,000$2,470,000,000$2,598,000,000$2,044,000,000$2,072,000,000$2,068,000,000$1,785,000,000$2,196,000,000$2,156,000,000$2,287,000,000$2,317,000,000$2,037,000,000$2,256,000,000$2,317,000,000$2,141,000,000$1,897,000,000$2,280,000,000$2,163,000,000$2,048,000,000$1,860,000,000$2,005,000,000$1,989,000,000$1,737,000,000$1,733,000,000$1,946,000,000$2,238,000,000$2,091,000,000$2,003,000,000$2,444,000,000$2,350,000,000$2,218,000,000$1,892,000,000$2,010,000,000$