UNION PACIFIC CORP

Listed Company

UNPCIK 0000100885NYSELarge AcceleratedRailroads, Line-Haul OperatingUtahFY ends Dec 31

Period

FY 2025

Revenue

$24.51B

Net Income

$7.14B

Total Assets

$69.70B

Equity

$18.47B

Shares Out

593.71M

Op. Cash Flow

$9.29B

UNP$301.65+32.64% · past yearDBEQ Basic

Daily closing prices

Business

Union Pacific Corporation operates Union Pacific Railroad Company, a Class I railroad connecting 23 states across the western two-thirds of the United States, providing freight transportation through a diversified business mix of Bulk, Industrial, and Premium commodities. The company operates 32,889 route miles linking Pacific Coast and Gulf Coast ports with Midwest and Eastern U.S. gateways, Mexico, and Canada. Union Pacific generates freight revenues from grain, coal, fertilizer, chemicals, metals, automobiles, automotive parts, and intermodal containers, serving domestic and international markets through its extensive rail network and logistics infrastructure.

Summary from 10-K filed 2026-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total operating revenues	24,510	24,250	24,119	24,875	21,804
Compensation and benefits	4,897	4,899	4,818	4,645	4,158
Purchased services and materials	2,626	2,520	2,616	—	—
Depreciation	2,465	2,398	2,318	2,246	2,208
Fuel	2,390	2,474	2,891	3,439	2,049
Equipment and other rents	912	920	947	898	859
Other	1,374	1,326	1,447	1,288	1,176
Total operating expenses	14,664	14,537	15,037	14,958	12,466
Operating income	9,846	9,713	9,082	9,917	9,338
Other income, net (Note 6)	629	350	491	426	297
Interest expense	−1,309	−1,269	−1,340	1,271	—
Income before income taxes	9,166	8,794	8,233	9,072	8,478
Income tax expense (Note 7)	−2,028	−2,047	−1,854	−2,074	−1,955
Net income	7,138	6,747	6,379	6,998	6,523
Earnings per share - basic (in dollars per share)	12	11.1	10.47	11.24	9.98
Earnings per share - diluted (in dollars per share)	11.98	11.09	10.45	11.21	9.95
Weighted average number of shares - basic (in shares)	595	608	609	623	654
Weighted average number of shares - diluted (in shares)	596	609	610	624	655

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,266	1,016	1,055	973	960
Short-term investments (Note 13)	250	20	16	46	46
Accounts receivable, net (Note 10)	1,860	1,894	2,073	1,891	1,722
Materials and supplies	787	769	743	741	621
Other current assets	392	322	261	301	202
Total current assets	4,555	4,021	4,148	3,952	3,551
Investments	2,885	2,664	2,605	2,375	2,241
Properties, net (Note 11)	59,645	58,343	57,398	—	—
Operating lease assets (Note 16)	1,036	1,297	1,643	1,672	1,787
Other assets	1,577	1,390	1,338	1,412	1,075
Total assets	69,698	67,715	67,132	65,449	63,525
Accounts payable and other current liabilities (Note 12)	3,494	3,829	3,683	3,842	3,578
Debt due within one year (Note 14)	1,520	1,425	1,423	1,678	2,166
Total current liabilities	5,014	5,254	5,106	5,520	5,744
Debt due after one year (Note 14)	30,294	29,767	31,156	31,648	27,563
Operating lease liabilities (Note 16)	738	925	1,245	1,300	1,429
Deferred income taxes (Note 7)	13,421	13,151	13,123	13,033	12,675
Other long-term liabilities	1,764	1,728	1,714	1,785	1,953
Commitments and contingencies (Note 17)	—	—	—	—	—
Total liabilities	51,231	50,825	52,344	53,286	49,364
Common shares, $2.50 par value, 1,400,000,000 authorized; 1,113,161,191 and 1,113,018,733 issued; 593,245,884 and 604,241,260 outstanding, respectively	2,783	2,783	2,782	2,782	2,781
Paid-in-surplus	5,589	5,334	5,193	5,080	4,979
Retained earnings	69,529	65,628	62,093	58,887	55,049
Treasury stock	−58,843	−56,132	−54,666	−54,004	−47,734
Accumulated other comprehensive income/(loss) (Note 9)	−591	−723	−614	−582	−914
Total common shareholders' equity	18,467	16,890	14,788	12,163	14,161
Total liabilities and common shareholders' equity	69,698	67,715	67,132	65,449	63,525

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred and other income taxes	241	28	117	262	154
Other operating activities, net	−193	−13	−132	−152	−56
Accounts receivable, net	34	179	−177	−169	−217
Materials and supplies	−18	−26	−2	−120	17
Other current assets	25	−69	−38	5	31
Accounts payable and other current liabilities	−196	189	−215	565	184
Income and other taxes	−206	−87	129	−273	188
Cash provided by operating activities	9,290	9,346	8,379	9,362	9,032
Capital investments	−3,791	−3,452	−3,606	−3,620	−2,936
Other investing activities, net	29	127	−61	149	227
Cash used in investing activities	−3,762	−3,325	−3,667	−3,471	−2,709
Dividends paid	−3,236	−3,213	−3,173	−3,159	−2,800
Share repurchase programs (Note 18)	−2,679	−1,505	−705	−6,282	−7,291
Debt issued (Note 14)	1,995	800	1,599	6,080	4,201
Debt repaid	−1,428	−2,226	−2,190	−2,291	−1,299
Other financing activities, net	72	77	−156	−235	31
Cash used in financing activities	−5,276	−6,067	−4,625	−5,887	−7,158
Net change in cash, cash equivalents, and restricted cash	252	−46	87	4	−835
Capital investments accrued but not yet paid	131	165	137	152	263
Federal income taxes, net of refunds	−543	−986	−1,185	—	—
Total state income taxes, net of refunds	−321	−350	−295	—	—
Foreign income taxes, net of refunds	−13	−4	−6	—	—
Interest, net of amounts capitalized	−1,311	−1,260	−1,268	−1,156	−1,087

Filings

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Frequently asked questions

What is UNION PACIFIC CORP's CIK number?

UNION PACIFIC CORP's SEC CIK number is 0000100885 (100885). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find UNION PACIFIC CORP's SEC filings?

All of UNION PACIFIC CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did UNION PACIFIC CORP last report earnings?

UNION PACIFIC CORP (UNP) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000100885-26-000154). This is UNION PACIFIC CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is UNION PACIFIC CORP's most recent earnings 8-K?

UNION PACIFIC CORP's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0000100885-26-000154. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View UNION PACIFIC CORP's latest earnings 8-K →
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