Union Pacific financials
$274.15+0.02%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.51B | $24.25B | $24.12B | $24.88B | $21.80B | $19.53B | $21.71B | $22.83B | $21.24B | $19.94B |
| Gross profit | $21.88B | $21.73B | $21.50B | $22.43B | $21.80B | $19.53B | $21.71B | $22.83B | $21.24B | $19.94B |
| Gross margin | 89.3% | 89.6% | 89.2% | 90.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $9.85B | $9.71B | $9.08B | $9.92B | $9.34B | $7.83B | $8.55B | $8.52B | $8.11B | $7.24B |
| Net income | $7.14B | $6.75B | $6.38B | $7.00B | $6.52B | $5.35B | $5.92B | $5.97B | $10.71B | $4.23B |
| Net margin | 29.1% | 27.8% | 26.4% | 28.1% | 29.9% | 27.4% | 27.3% | 26.1% | 50.4% | 21.2% |
| Diluted EPS | $11.98 | $11.09 | $10.45 | $11.21 | $9.95 | $7.88 | $8.38 | $7.91 | $13.36 | $5.07 |
| EBITDA | $12.31B | $12.11B | $11.40B | $12.16B | $11.55B | $10.04B | $10.77B | $10.71B | $10.21B | $9.28B |
| Operating cash flow | $9.29B | $9.35B | $8.38B | $9.36B | $9.03B | $8.54B | $8.61B | $8.69B | $7.23B | $7.53B |
| Free cash flow | $5.50B | $5.89B | $4.77B | $5.74B | $6.10B | $5.61B | $5.16B | $5.25B | $3.99B | $4.02B |
| Diluted shares | 595.9M | 608.6M | 610.2M | 624.0M | 655.4M | 679.1M | 706.1M | 754.3M | 801.7M | 835.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.27B | $1.02B | $1.05B | $973.0M | $960.0M | $1.80B |
| Short-term investments | $250.0M | $20.0M | $16.0M | $46.0M | $46.0M | $60.0M |
| Total debt | $31.81B | $31.19B | $32.58B | $33.33B | $29.73B | $26.73B |
| Total assets | $69.70B | $67.72B | $67.13B | $65.45B | $63.52B | $62.40B |
| Total liabilities | $51.23B | $50.83B | $52.34B | $53.29B | $49.36B | $45.44B |
| Shareholders' equity | $18.47B | $16.89B | $14.79B | $12.16B | $14.16B | $16.96B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology