Union Pacific Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	24,700	24,510	24,250	24,119	24,875	21,804
Revenue Growth (YoY)	1.87%	1.07%	0.54%	-3.04%	14.09%	11.63%
Cost of Revenue	10,900	10,825	10,813	11,272	11,424	9,082
Gross Profit	13,800	13,685	13,437	12,847	13,451	12,722
Depreciation & Amortization Expenses	2,488	2,465	2,398	2,318	2,246	2,208
Other Operating Expenses	1,379	1,374	1,326	1,447	1,288	1,176
Total Operating Expenses	3,867	3,839	3,724	3,765	3,534	3,384
Operating Income	9,933	9,846	9,713	9,082	9,917	9,338
Interest Expense	-1,307	-1,309	-1,269	-1,340	-1,271	-1,157
Other Non-Operating Income (Expense)	642	629	350	491	426	297
Total Non-Operating Income (Expense)	-665	-680	-919	-849	-845	-860
Pretax Income	9,268	9,166	8,794	8,233	9,072	8,478
Provision for Income Taxes	2,055	2,028	2,047	1,854	2,074	1,955
Net Income	7,213	7,138	6,747	6,379	6,998	6,523
Net Income to Common	7,213	7,138	6,747	6,379	6,998	6,523
Net Income Growth	7.14%	5.79%	5.77%	-8.85%	7.28%	21.95%
Shares Outstanding (Basic)	593	595	608	609	623	654
Shares Outstanding (Diluted)	594	596	609	610	624	656
Shares Change (YoY)	-2.10%	-2.09%	-0.26%	-2.21%	-4.82%	-3.46%
EPS (Basic)	12.17	12.00	11.10	10.47	11.24	9.98
EPS (Diluted)	12.14	11.98	11.09	10.45	11.21	9.95
EPS Growth	9.37%	8.03%	6.12%	-6.78%	12.66%	26.27%
Shares Outstanding	593.68	593.25	604.24	609.7	612.39	638.84
Free Cash Flow	5,698	5,499	5,894	4,773	5,742	6,096
Free Cash Flow Growth	3.62%	-6.70%	23.49%	-16.88%	-5.81%	8.61%
Free Cash Flow Per Share	9.60	9.23	9.68	7.82	9.20	9.30
Dividends Per Share	5.480	5.440	5.280	5.200	5.080	4.290
Dividend Growth	0.73%	3.03%	1.54%	2.36%	18.41%	10.57%
Gross Margin	55.87%	55.83%	55.41%	53.27%	54.07%	58.35%
Operating Margin	40.21%	40.17%	40.05%	37.66%	39.87%	42.83%
Profit Margin	29.20%	29.12%	27.82%	26.45%	28.13%	29.92%
FCF Margin	23.07%	22.44%	24.31%	19.79%	23.08%	27.96%
EBITDA	12,421	12,311	12,111	11,400	12,163	11,546
EBITDA Margin	50.29%	50.23%	49.94%	47.27%	48.90%	52.95%
EBIT	9,933	9,846	9,713	9,082	9,917	9,338
EBIT Margin	40.21%	40.17%	40.05%	37.66%	39.87%	42.83%
Effective Tax Rate	22.17%	22.13%	23.28%	22.52%	22.86%	23.06%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q