Friday 30 October 2026 Export UNP’s income statement to Excel — free account

Union Pacific Corporation

Union Pacific Corporation’s revenue for fiscal 2025 (year ended December 2025) was $24.5 billion, up 1.07% from fiscal 2024. In the quarter to June 2026, revenue grew 11.5%, EPS grew 6.33%, free cash flow grew 57.7% and total debt fell 7.58%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

301.27 3.47 +1.17%

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Market cap: $179.4B
P/E: 24.4×
Fwd P/E: 22.6×
Dividend yield: 1.85%
F-score: 8/9
Altman Z: 3.82
Beneish M: −2.64
Dividend safety: 73/100

Overview Business Profile Financial Analysis Segments Filings

Union Pacific Corporation (UNP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segment	24,510	100.00%
Gross margin		59.56%
Operating margin		40.17%
Pre-tax margin		37.40%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Industrial	—	—	—	—	7,323 33.59%	6,622 33.90%	7,472 34.42%	7,689 33.68%
Bulk	—	—	—	—	6,656 30.53%	5,960 30.51%	6,529 30.08%	7,069 30.96%
Premium	—	—	—	—	6,265 28.73%	5,669 29.02%	6,242 28.75%	6,626 29.02%
Accessorial Revenues	—	—	—	—	752 3.45%	473 2.42%	514 2.37%	—
Other Subsidiary Revenues	—	—	—	—	741 3.40%	743 3.80%	880 4.05%	—
Other Miscellaneous Product and Service Revenues	—	—	—	—	67 0.31%	66 0.34%	71 0.33%	—
Freight revenues	—	—	—	—	20,244	18,251	20,243	21,384
Other revenues	—	—	—	—	1,560	1,282	1,465	—
Revenue	24,510	24,250	24,119	24,875	21,804	19,533	21,708	22,832

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2020	FY2019	FY2018
Reportable Segment	24,510 100.00%	24,250 100.00%	24,119 100.00%	24,875 100.00%	—	—	—
Cargo and Freight	—	—	—	—	18,251 93.44%	20,243 93.25%	21,384 93.66%
Other, not broken out	—	—	—	—	1,282 6.56%	1,465 6.75%	1,448 6.34%
Revenue	24,510	24,250	24,119	24,875	19,533	21,708	22,832

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average fuel price per gallon consumed	Q3 FY2026	$4.21	—	—
Average revenue per car	Q3 FY2026	$2,971.00	—	—
Average terminal dwell time	Q3 FY2026	19.90	20.40	−2.45%
Average train speed	Q3 FY2026	24.30	24.20	+0.41%
Freight car velocity	Q3 FY2026	228.00	226.00	+0.88%
Fuel consumed in gallons	Q3 FY2026	240.0M	235.0M	+2.13%
Fuel consumption rate	Q3 FY2026	1.0×	1.1×	−1.71%
Gross ton-miles (GTMs)	Q3 FY2026	232.5B	223.0B	+4.25%
Intermodal service performance index	Q3 FY2026	92.0%	98.0%	—
Locomotive productivity	Q3 FY2026	140.00	140.00	0.00%
Manifest/Automotive service performance index	Q3 FY2026	93.0%	100.0%	—
Remaining performance obligations	Q4 FY2025	$157.0M	$159.0M	−1.26%
Revenue carloads	Q3 FY2026	2.3M	2.2M	+6.01%
Revenue ton-miles	Q3 FY2026	114.1B	108.9B	+4.80%
Total employees (average)	Q3 FY2026	28.5K	28.9K	−1.15%
Train length	Q3 FY2026	10.0K	9.8K	+1.71%
Workforce productivity	Q3 FY2026	1.2K	1.2K	+4.64%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q4 FY2022	Q4 FY2021	Q4 FY2020	Q4 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018	Q4 FY2017
Average fuel price per gallon consumed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average revenue per car	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average terminal dwell time	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average train speed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Freight car velocity	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fuel consumed in gallons	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fuel consumption rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross ton-miles (GTMs)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal service performance index	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Locomotive productivity	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Manifest/Automotive service performance index	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue carloads	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue ton-miles	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total employees (average)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Train length	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Workforce productivity	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.