# Union Pacific Corp: overview

UNP · NYSE · CIK 100885 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/unp.md) · [Financials](/companies/unp/financials.md) · [Filings](/companies/unp/filings.md) · [Insiders](/companies/unp/insiders.md)

Latest reported revenue: [$7.20bn](/filings/0000100885-26-000321.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 22, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000100885-26-000321).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,121 d](/filings/0000100885-26-000037.md) | [6,027](/filings/0000100885-26-000155.md) | [6,154](/filings/0000100885-26-000250.md) | [6,244](/filings/0000100885-26-000321.md) | [6,085 d](/filings/0000100885-26-000037.md) | [6,217](/filings/0000100885-26-000155.md) | [6,864](/filings/0000100885-26-000250.md) | [7,197](/filings/0000100885-26-000321.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [41.3% d](/filings/0000100885-26-000037.md) | [39.3%](/filings/0000100885-26-000155.md) | [41.0%](/filings/0000100885-26-000250.md) | [40.8%](/filings/0000100885-26-000321.md) | [39.5% d](/filings/0000100885-26-000037.md) | [39.5%](/filings/0000100885-26-000155.md) | [40.3%](/filings/0000100885-26-000250.md) | [40.9%](/filings/0000100885-26-000321.md) |
| Net margin | % | [28.8% d](/filings/0000100885-26-000037.md) | [27.0%](/filings/0000100885-26-000155.md) | [30.5%](/filings/0000100885-26-000250.md) | [28.6%](/filings/0000100885-26-000321.md) | [30.4% d](/filings/0000100885-26-000037.md) | [27.4%](/filings/0000100885-26-000155.md) | [29.0%](/filings/0000100885-26-000250.md) | [28.8%](/filings/0000100885-26-000321.md) |
| Diluted EPS | $ per share | not reported | [2.70](/filings/0000100885-26-000155.md) | [3.15](/filings/0000100885-26-000250.md) | [3.01](/filings/0000100885-26-000321.md) | not reported | [2.87](/filings/0000100885-26-000155.md) | [3.36](/filings/0000100885-26-000250.md) | [3.49](/filings/0000100885-26-000321.md) |
| Free cash flow | $m | [1,740 d](/filings/0000100885-26-000037.md) | [1,304](/filings/0000100885-26-000155.md) | [1,397 d](/filings/0000100885-26-000250.md) | [1,572 d](/filings/0000100885-26-000321.md) | [1,226 d](/filings/0000100885-26-000037.md) | [1,503](/filings/0000100885-26-000155.md) | [2,203 d](/filings/0000100885-26-000250.md) | [1,762 d](/filings/0000100885-26-000321.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [21.8](/filings/0001437749-24-003599.md) | [24.9](/filings/0000100885-25-000042.md) | [24.1](/filings/0000100885-26-000037.md) | [24.3](/filings/0000100885-26-000037.md) | [24.5](/filings/0000100885-26-000037.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [42.8%](/filings/0001437749-24-003599.md) | [39.9%](/filings/0000100885-25-000042.md) | [37.7%](/filings/0000100885-26-000037.md) | [40.1%](/filings/0000100885-26-000037.md) | [40.2%](/filings/0000100885-26-000037.md) |
| Net margin | % | [29.9%](/filings/0001437749-24-003599.md) | [28.1%](/filings/0000100885-25-000042.md) | [26.4%](/filings/0000100885-26-000037.md) | [27.8%](/filings/0000100885-26-000037.md) | [29.1%](/filings/0000100885-26-000037.md) |
| Diluted EPS | $ per share | [9.95](/filings/0001437749-24-003599.md) | [11.21](/filings/0000100885-25-000042.md) | [10.45](/filings/0000100885-26-000037.md) | [11.09](/filings/0000100885-26-000037.md) | [11.98](/filings/0000100885-26-000037.md) |
| Free cash flow | $bn | [6.1](/filings/0001437749-24-003599.md) | [5.7](/filings/0000100885-25-000042.md) | [4.8](/filings/0000100885-26-000037.md) | [5.9](/filings/0000100885-26-000037.md) | [5.5](/filings/0000100885-26-000037.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/unp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $13.03bn | 47,894,147 |  | Added +115,607 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.55bn | 38,772,919 |  | Added +217,015 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $7.59bn | 27,890,598 |  | Added +1,302,732 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $7.38bn | 27,141,622 |  | Added +69,388 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $4.65bn | 17,112,417 |  | Added +206,008 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $4.38bn | 16,122,702 |  | Added +260,095 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $4.27bn | 15,674,651 |  | Reduced −1,968,045 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $3.97bn | 14,579,220 |  | Reduced −305,662 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $3.95bn | 14,527,563 |  | Added +64,492 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $3.88bn | 14,282,006 |  | Reduced −162,755 |

## Recent filings

[All 2,477 filings](/companies/unp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 19:45 ET | [10-Q](/filings/0000100885-26-000321.md) | Quarterly report, period 2026-09-30 | 0000100885-26-000321 |
| 2026-10-22 | 11:46 ET | [8-K](/filings/0000100885-26-000319.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000100885-26-000319 |
| 2026-10-16 | 13:01 ET | [8-K](/filings/0000100885-26-000305.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000100885-26-000305 |
| 2026-07-23 | 19:48 ET | [10-Q](/filings/0000100885-26-000250.md) | Quarterly report, period 2026-06-30 | 0000100885-26-000250 |
| 2026-07-23 | 11:46 ET | [8-K](/filings/0000100885-26-000249.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000100885-26-000249 |
| 2026-05-18 | 20:15 ET | [8-K](/filings/0000100885-26-000174.md) | 5.07 Shareholder vote results | 0000100885-26-000174 |
| 2026-04-23 | 19:07 ET | [10-Q](/filings/0000100885-26-000155.md) | Quarterly report, period 2026-03-31 | 0000100885-26-000155 |
| 2026-04-23 | 11:46 ET | [8-K](/filings/0000100885-26-000154.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000100885-26-000154 |
| 2026-03-25 | 20:17 ET | [DEF 14A](/filings/0000100885-26-000098.md) | Proxy statement, period 2026-05-14 | 0000100885-26-000098 |
| 2026-02-06 | 15:03 ET | [10-K](/filings/0000100885-26-000037.md) | Annual report, period 2025-12-31 | 0000100885-26-000037 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000100885-26-000037.md), filed Feb 6, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 100885
- Tickers: UNP
- Exchange: NYSE
- SIC code: 4011 Railroads, Line-Haul Operating
- State of incorporation: UT
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:21 ET. No prices; not investment advice.