Union Pacific CorporationUNPEarnings & Financial Report
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
Revenue
$6.1B
Gross Profit
N/A
Operating Profit
$2.4B
Net Profit
$1.8B
Gross Margin
N/A
Operating Margin
39.5%
Net Margin
30.4%
YoY Growth
-0.6%
EPS
$3.12
Union Pacific Corporation Q4 FY2025 Financial Summary
Union Pacific Corporation reported revenue of $6.1B (down 0.6% YoY) for Q4 FY2025, with a net profit of $1.8B (up 4.9% YoY) (30.4% margin).
Key Financial Metrics
| Total Revenue | $6.1B |
|---|---|
| Net Profit | $1.8B |
| Gross Margin | N/A |
| Operating Margin | 39.5% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Union Pacific Corporation Q4 FY2025 revenue of $6.1B breaks down across 6 segments, led by Industrial at $2.1B (34.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Industrial | $2.1B | 34.8% |
| Bulk | $1.9B | 31.5% |
| Premium | $1.7B | 28.3% |
| Other Subsidiary Revenues | $171.0M | 2.8% |
| Accessorial Revenues | $126.0M | 2.1% |
| Other Miscellaneous Product And Service Revenues | $29.0M | 0.5% |
Union Pacific Corporation Revenue by Segment — Quarterly Trend
Union Pacific Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Industrial and Bulk) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Industrial | — | $2.1B | $2.2B | — |
| Bulk | — | $1.9B | $1.9B | $1.9B |
| Premium | — | $1.7B | $1.8B | $1.7B |
| Other Subsidiary Revenues | — | $171.0M | $172.0M | $181.0M |
| Accessorial Revenues | — | $126.0M | $124.0M | $107.0M |
Union Pacific Corporation Annual Revenue by Year
Union Pacific Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $24.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $24.5B |
| 2024 | $24.3B |
| 2023 | $24.1B |
| 2022 | $24.9B |
Union Pacific Corporation Quarterly Revenue & Net Profit History
Union Pacific Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.2B | +3.2% | $1.7B | 27.4% |
| Q4 FY2025 | $6.1B | -0.6% | $1.8B | 30.4% |
| Q3 FY2025 | $6.2B | +2.5% | $1.8B | 28.6% |
| Q2 FY2025 | $6.2B | +2.4% | $1.9B | 30.5% |
| Q1 FY2025 | $6.0B | -0.1% | $1.6B | 27.0% |
| Q4 FY2024 | $6.1B | -0.6% | $1.8B | 28.8% |
| Q3 FY2024 | $6.1B | +2.5% | $1.7B | 27.4% |
| Q2 FY2024 | $6.0B | +0.7% | $1.7B | 27.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.01B | $6.09B | $6.12B | $6.03B | $6.15B | $6.24B | $6.08B | $6.22B |
| YoY Growth | 0.7% | 2.5% | -0.6% | -0.1% | 2.4% | 2.5% | -0.6% | 3.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $67.82B | $67.57B | $67.72B | $68.49B | $68.58B | $68.65B | $69.70B | $69.64B |
| Liabilities | $51.33B | $50.99B | $50.83B | $52.45B | $52.32B | $51.34B | $51.23B | $50.23B |
| Equity | $16.49B | $16.58B | $16.89B | $16.04B | $16.26B | $17.30B | $18.47B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.91B | $2.65B | $2.66B | $2.21B | $2.33B | $2.52B | $2.23B |