UNION PACIFIC CORPORATION

EDGAR

Annual consolidated revenue for 2025: about USD 24.51B, using the latest reported figures. The previous period, 2024, was about USD 24.25B.

Watchlist

Latest quarter

Revenue

7.2 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 7197000000 USD Source

Operating margin

40.89%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 2943000000 USD Source
  • Revenue: 7197000000 USD Source

Operating cash flow

2.79 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 8302000000 USD Source
  • Operating Cash Flow: 5516000000 USD Source

Free cash flow

1.76 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 8302000000 USD Source
  • Operating Cash Flow: 5516000000 USD Source
  • Capital Expenditure: 2834000000 USD Source
  • Capital Expenditure: 1810000000 USD Source
Cash and cash equivalents
2.21 billion USD Source
Exact value

2211000000 USD

Long-term debt including current maturities
31.8 billion USD Source
Exact value

31814000000 USD

Shares outstanding
594 million shares Source
Exact value

594223957 shares

Reported share-count change

0.18% · 1.1 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 593127096 shares · 2025-09-30· Source
  • 594223957 shares · 2026-09-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-22.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.1%

    Prior period

    USD 24.25 billion

    –

    Current period

    USD 24.51 billion

    –

    Exact inputs and evidence

    24510000000 − 24250000000 = 260000000 USD

    24250000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    24510000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +5.8%

    Prior period

    USD 6.75 billion

    –

    Current period

    USD 7.14 billion

    –

    Exact inputs and evidence

    7138000000 − 6747000000 = 391000000 USD

    6747000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7138000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -0.6%

    Prior period

    USD 9.35 billion

    –

    Current period

    USD 9.29 billion

    –

    Exact inputs and evidence

    9290000000 − 9346000000 = -56000000 USD

    9346000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9290000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +9.8%

    Prior period

    USD 3.45 billion

    –

    Current period

    USD 3.79 billion

    –

    Exact inputs and evidence

    3791000000 − 3452000000 = 339000000 USD

    3452000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3791000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 24.51 billion 100% of revenue
  • Operating costs Derived USD 14.66 billion 60% of revenue
  • Operating income USD 9.85 billion 40% of revenue
  • Tax, interest and other Derived USD 2.71 billion 11% of revenue
  • Net income USD 7.14 billion 29% of revenue

Cash

  • Operating cash flow USD 9.29 billion 38% of revenue
  • Capital expenditure USD 3.79 billion 15% of revenue
  • Free cash flow Derived USD 5.5 billion 22% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 27%12%61%
  • 2020 27%13%60%
  • 2021 30%13%57%
  • 2022 28%12%60%
  • 2023 26%11%62%
  • 2024 28%12%60%
  • 2025 29%11%60%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-3121708000000 13154000000 Derived 8554000000 2635000000 Derived 5919000000 5156000000 Derived
Source
2020 2020-01-01 – 2020-12-3119533000000 11699000000 Derived 7834000000 2485000000 Derived 5349000000 5613000000 Derived
Source
2021 2021-01-01 – 2021-12-3121804000000 12466000000 Derived 9338000000 2815000000 Derived 6523000000 6096000000 Derived
Source
2022 2022-01-01 – 2022-12-3124875000000 14958000000 Derived 9917000000 2919000000 Derived 6998000000 5742000000 Derived
Source
2023 2023-01-01 – 2023-12-3124119000000 15037000000 Derived 9082000000 2703000000 Derived 6379000000 4773000000 Derived
Source
2024 2024-01-01 – 2024-12-3124250000000 14537000000 Derived 9713000000 2966000000 Derived 6747000000 5894000000 Derived
Source
2025 2025-01-01 – 2025-12-3124510000000 14664000000 Derived 9846000000 2708000000 Derived 7138000000 5499000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 24.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.9B20.1B13.4B6.7B0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue21708000000
2020Revenue19533000000
2021Revenue21804000000
2022Revenue24875000000
2023Revenue24119000000
2024Revenue24250000000
2025Revenue24510000000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.0%9.0%2.0%-5.0%-11.9%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-10%
2021Year over year11.6%
2022Year over year14.1%
2023Year over year-3%
2024Year over year0.5%
2025Year over year1.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 40.2% 2025
Net margin 29.1% 2025
Free cash flow margin 22.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.46%35%23%12%0%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin39.4%
2020Operating margin40.1%
2021Operating margin42.8%
2022Operating margin39.9%
2023Operating margin37.7%
2024Operating margin40.1%
2025Operating margin40.2%
2019Net margin27.3%
2020Net margin27.4%
2021Net margin29.9%
2022Net margin28.1%
2023Net margin26.4%
2024Net margin27.8%
2025Net margin29.1%
2019Free cash flow margin23.8%
2020Free cash flow margin28.7%
2021Free cash flow margin28%
2022Free cash flow margin23.1%
2023Free cash flow margin19.8%
2024Free cash flow margin24.3%
2025Free cash flow margin22.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 9.3B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.1B7.6B5.1B2.5B0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow8609000000
2020Operating cash flow8540000000
2021Operating cash flow9032000000
2022Operating cash flow9362000000
2023Operating cash flow8379000000
2024Operating cash flow9346000000
2025Operating cash flow9290000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 5.5B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.6B4.9B3.3B1.6B0.0201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow5156000000
2020Free cash flow5613000000
2021Free cash flow6096000000
2022Free cash flow5742000000
2023Free cash flow4773000000
2024Free cash flow5894000000
2025Free cash flow5499000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

73.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.88%66%44%22%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets72.8%
2021Liabilities / assets77.7%
2022Liabilities / assets81.4%
2023Liabilities / assets78%
2024Liabilities / assets75.1%
2025Liabilities / assets73.5%

Current assets to current liabilities

Current assets divided by current liabilities.

0.91× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.09×0.82×0.55×0.27×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities1.01×
2021Current assets / current liabilities0.62×
2022Current assets / current liabilities0.72×
2023Current assets / current liabilities0.81×
2024Current assets / current liabilities0.77×
2025Current assets / current liabilities0.91×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
USD 5.92 billion
Exact value

Exact value: 5919000000 USD

2019-01-01 – 2019-12-31: 5919000000 USD Inspect Net Income Open source
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USD 8.61 billion
Exact value

Exact value: 8609000000 USD

2019-01-01 – 2019-12-31: 8609000000 USD Inspect Operating Cash Flow Open source
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USD 3.45 billion
Exact value

Exact value: 3453000000 USD

2019-01-01 – 2019-12-31: 3453000000 USD Inspect Capital Expenditure Open source
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USD 5.16 billion
Calculation and evidence

8609000000 − 3453000000 USD

Exact free cash flow: 5156000000 USD

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2020 2020-01-01 – 2020-12-31
USD 5.35 billion
Exact value

Exact value: 5349000000 USD

2020-01-01 – 2020-12-31: 5349000000 USD Inspect Net Income Open source
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USD 8.54 billion
Exact value

Exact value: 8540000000 USD

2020-01-01 – 2020-12-31: 8540000000 USD Inspect Operating Cash Flow Open source
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USD 2.93 billion
Exact value

Exact value: 2927000000 USD

2020-01-01 – 2020-12-31: 2927000000 USD Inspect Capital Expenditure Open source
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USD 5.61 billion
Calculation and evidence

8540000000 − 2927000000 USD

Exact free cash flow: 5613000000 USD

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2021 2021-01-01 – 2021-12-31
USD 6.52 billion
Exact value

Exact value: 6523000000 USD

2021-01-01 – 2021-12-31: 6523000000 USD Inspect Net Income Open source
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USD 9.03 billion
Exact value

Exact value: 9032000000 USD

2021-01-01 – 2021-12-31: 9032000000 USD Inspect Operating Cash Flow Open source
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USD 2.94 billion
Exact value

Exact value: 2936000000 USD

2021-01-01 – 2021-12-31: 2936000000 USD Inspect Capital Expenditure Open source
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USD 6.1 billion
Calculation and evidence

9032000000 − 2936000000 USD

Exact free cash flow: 6096000000 USD

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2022 2022-01-01 – 2022-12-31
USD 7 billion
Exact value

Exact value: 6998000000 USD

2022-01-01 – 2022-12-31: 6998000000 USD Inspect Net Income Open source
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USD 9.36 billion
Exact value

Exact value: 9362000000 USD

2022-01-01 – 2022-12-31: 9362000000 USD Inspect Operating Cash Flow Open source
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USD 3.62 billion
Exact value

Exact value: 3620000000 USD

2022-01-01 – 2022-12-31: 3620000000 USD Inspect Capital Expenditure Open source
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USD 5.74 billion
Calculation and evidence

9362000000 − 3620000000 USD

Exact free cash flow: 5742000000 USD

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2023 2023-01-01 – 2023-12-31
USD 6.38 billion
Exact value

Exact value: 6379000000 USD

2023-01-01 – 2023-12-31: 6379000000 USD Inspect Net Income Open source
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USD 8.38 billion
Exact value

Exact value: 8379000000 USD

2023-01-01 – 2023-12-31: 8379000000 USD Inspect Operating Cash Flow Open source
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USD 3.61 billion
Exact value

Exact value: 3606000000 USD

2023-01-01 – 2023-12-31: 3606000000 USD Inspect Capital Expenditure Open source
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USD 4.77 billion
Calculation and evidence

8379000000 − 3606000000 USD

Exact free cash flow: 4773000000 USD

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2024 2024-01-01 – 2024-12-31
USD 6.75 billion
Exact value

Exact value: 6747000000 USD

2024-01-01 – 2024-12-31: 6747000000 USD Inspect Net Income Open source
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USD 9.35 billion
Exact value

Exact value: 9346000000 USD

2024-01-01 – 2024-12-31: 9346000000 USD Inspect Operating Cash Flow Open source
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USD 3.45 billion
Exact value

Exact value: 3452000000 USD

2024-01-01 – 2024-12-31: 3452000000 USD Inspect Capital Expenditure Open source
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USD 5.89 billion
Calculation and evidence

9346000000 − 3452000000 USD

Exact free cash flow: 5894000000 USD

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2025 2025-01-01 – 2025-12-31
USD 7.14 billion
Exact value

Exact value: 7138000000 USD

2025-01-01 – 2025-12-31: 7138000000 USD Inspect Net Income Open source
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USD 9.29 billion
Exact value

Exact value: 9290000000 USD

2025-01-01 – 2025-12-31: 9290000000 USD Inspect Operating Cash Flow Open source
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USD 3.79 billion
Exact value

Exact value: 3791000000 USD

2025-01-01 – 2025-12-31: 3791000000 USD Inspect Capital Expenditure Open source
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USD 5.5 billion
Calculation and evidence

9290000000 − 3791000000 USD

Exact free cash flow: 5499000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

200 filings · 7,186 latest values · 7,186 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000100885, 100885, UNP, edgar:100885, unp

Also known as UNION PACIFIC CORP, UNION PACIFIC CORPORATION