UNP
$289.04+0.11%
as of close, Oct 16, 2026
☾ AH $289.04 +0.11%
Union Pacific CorporationStock · IndustrialsS&P 500 0.3%Russell 1000 0.2%US Stock Market 0.2%Russell 3000 0.2%S&P 500 Equal Weight 0.2%MSCI World 0.2%MSCI ACWI 0.2%
UNP financial statements
The full income statement, balance sheet, and cash-flow statement for Union Pacific Corporation (UNP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 609.2M2024-09 606.3M2024-12 604.3M2025-03 597.5M2025-06 593.0M2025-09 593.2M2025-12 593.4M2026-03 593.7M2026-06 594.1M-2.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 24.5B+1.1% | 24.3B+0.5% | 24.1B-3.0% | 24.9B+14.1% | 21.8B+11.6% | |
| Operating income | 9.85B+1.4% | 9.71B+6.9% | 9.08B-8.4% | 9.92B+6.2% | 9.34B+19.2% | |
| Interest expense | 1.31B+3.2% | 1.27B-5.3% | 1.34B+5.4% | 1.27B+9.9% | 1.16B+1.4% | |
| Interest & investment income | — | 52.0M+0.0% | 52.0M+126.1% | 23.0M+475.0% | 4.00M-66.7% | |
| Other non-operating income | 629M+79.7% | 350M-28.7% | 491M+15.3% | 426M+43.4% | 297M+3.5% | |
| Pre-tax income | 9.17B+4.2% | 8.79B+6.8% | 8.23B-9.2% | 9.07B+7.0% | 8.48B+21.5% | |
| Income tax | 2.03B-0.9% | 2.05B+10.4% | 1.85B-10.6% | 2.07B+6.1% | 1.96B+19.9% | |
| Net income | 7.14B+5.8% | 6.75B+5.8% | 6.38B-8.8% | 7.00B+7.3% | 6.52B+21.9% | |
| $11.98+8.0% | $11.09+6.1% | $10.45-6.8% | $11.21+12.7% | $9.95+26.3% | ||
| EPS (basic) | $12.00+8.1% | $11.10+6.0% | $10.47-6.9% | $11.24+12.6% | $9.98+26.3% | |
| Weighted-avg shares (basic) | 595M-2.1% | 608M-0.3% | 609M-2.2% | 623M-4.8% | 654M-3.5% | |
| Weighted-avg shares (diluted) | 596M-2.1% | 609M-0.3% | 610M-2.2% | 624M-4.8% | 655M-3.5% | |
| Dividends per share | $5.44+3.0% | $5.28+1.5% | $5.20+2.4% | $5.08+18.4% | $4.29+10.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.55B+13.3% | 4.02B-3.1% | 4.15B+5.0% | 3.95B+11.3% | 3.55B-15.7% | ||
| Cash & equivalents | 1.27B+24.6% | 1.02B-3.7% | 1.05B+8.4% | 973M+1.4% | 960M-46.6% | |
| Accounts receivable | 1.86B-1.8% | 1.89B-8.6% | 2.07B+9.6% | 1.89B+9.8% | 1.72B+14.4% | |
| Other current assets | 392M+21.7% | 322M+23.4% | 261M-13.3% | 301M+49.0% | 202M-4.7% | |
| 69.7B+2.9% | 67.7B+0.9% | 67.1B+2.6% | 65.4B+3.0% | 63.5B+1.8% | ||
| Property, plant & equipment | — | — | 57.4B+2.4% | 56.0B+2.1% | 54.9B+1.3% | |
| Operating lease right-of-use | 1.04B-20.1% | 1.30B-21.1% | 1.64B-1.7% | 1.67B-6.4% | 1.79B+11.0% | |
| Other non-current assets | 1.58B+13.5% | 1.39B+3.9% | 1.34B-5.2% | 1.41B+31.3% | 1.07B+331.7% | |
| 5.01B-4.6% | 5.25B+2.9% | 5.11B-7.5% | 5.52B-3.9% | 5.74B+37.6% | ||
| Accounts payable | 804M-5.1% | 847M-1.1% | 856M+9.2% | 784M+4.3% | 752M+22.9% | |
| Accrued liabilities | 3.49B-8.7% | 3.83B+4.0% | 3.68B-4.1% | 3.84B+7.4% | 3.58B+15.3% | |
| Short-term & current debt | 1.52B+6.7% | 1.43B+0.1% | 1.42B-15.2% | 1.68B-22.5% | 2.17B+102.6% | |
| Current lease liability | 270M-22.0% | 346M-2.5% | 355M | — | — | |
| Finance lease liability (current) | 39.0M+5.4% | 37.0M-24.5% | 49.0M | — | — | |
| 51.2B+0.8% | 50.8B-2.9% | 52.3B-1.8% | 53.3B+7.9% | 49.4B+8.6% | ||
| Long-term debt | 31.8B+2.0% | 31.2B-4.3% | 32.6B-2.2% | 33.3B+12.1% | 29.7B+11.2% | |
| Non-current lease liability | 738M-20.2% | 925M-25.7% | 1.25B-4.2% | 1.30B-9.0% | 1.43B+11.4% | |
| Operating lease liability (total) | 1.01B-20.7% | 1.27B-20.6% | 1.60B-1.9% | 1.63B-7.3% | 1.76B+9.7% | |
| Finance lease liability (total) | 105M-3.7% | 109M | — | — | — | |
| Finance lease liability | 66.0M-8.3% | 72.0M-33.9% | 109M | — | — | |
| Deferred tax liabilities | 13.4B+2.1% | 13.2B+0.2% | 13.1B+0.7% | 13.0B+2.8% | 12.7B+3.5% | |
| Other non-current liabilities | 1.76B+2.1% | 1.73B+0.8% | 1.71B-4.0% | 1.78B-8.6% | 1.95B-6.0% | |
| 18.5B+9.3% | 16.9B+14.2% | 14.8B+21.6% | 12.2B-14.1% | 14.2B-16.5% | ||
| Common stock | 2.78B+0.0% | 2.78B+0.0% | 2.78B+0.0% | 2.78B+0.0% | 2.78B+0.0% | |
| Additional paid-in capital | 5.59B+4.8% | 5.33B+2.7% | 5.19B+2.2% | 5.08B+2.0% | 4.98B+2.4% | |
| Retained earnings | 69.5B+5.9% | 65.6B+5.7% | 62.1B+5.4% | 58.9B+7.0% | 55.0B+7.3% | |
| Treasury stock | 58.8B+4.8% | 56.1B+2.7% | 54.7B+1.2% | 54.0B+13.1% | 47.7B+18.1% | |
| Accumulated other comprehensive income | -591M+18.3% | -723M-17.8% | -614M-5.5% | -582M+36.3% | -914M+42.6% | |
| Total liabilities & equity | 69.7B+2.9% | 67.7B+0.9% | 67.1B+2.6% | 65.4B+3.0% | 63.5B+1.8% | |
| Common shares issued | 1.11B+0.0% | 1.11B+0.0% | 1.11B+0.0% | 1.11B+0.0% | 1.11B+0.0% | |
| Common shares outstanding | 593M-1.8% | 604M-0.9% | 610M-0.4% | 612M-4.1% | 639M-4.8% | |
| Shares outstanding (cover) | 593M-1.8% | 604M-0.9% | 610M-0.3% | 612M-3.9% | 637M-4.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.29B-0.6% | 9.35B+11.5% | 8.38B-10.5% | 9.36B+3.7% | 9.03B+5.8% | ||
| Depreciation & amortization | 2.46B+2.8% | 2.40B+3.5% | 2.32B+3.2% | 2.25B+1.7% | 2.21B-0.1% | |
| Share-based compensation | — | — | 107M+8.1% | 99.0M+12.5% | 88.0M+20.5% | |
| Deferred income taxes | 241M+760.7% | 28.0M-76.1% | 117M-55.3% | 262M+70.1% | 154M-54.7% | |
| Change in receivables | -34.0M+81.0% | -179M-201.1% | 177M+4.7% | 169M-22.1% | 217M+341.1% | |
| -3.76B-13.1% | -3.33B+9.3% | -3.67B-5.6% | -3.47B-28.1% | -2.71B-1.2% | ||
| Capital expenditure | 3.79B+9.8% | 3.45B-4.3% | 3.61B-0.4% | 3.62B+23.3% | 2.94B+0.3% | |
| Free cash flow | 5.50B-6.7% | 5.89B+23.5% | 4.77B-16.9% | 5.74B-5.8% | 6.10B+8.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | — | 194M+9.0% | 178M+19.5% | |
| Other investing activities | -29.0M+77.2% | -127M-308.2% | 61.0M+140.9% | -149M+34.4% | -227M-134.0% | |
| -5.28B+13.0% | -6.07B-31.2% | -4.63B+21.4% | -5.89B+17.8% | -7.16B-46.0% | ||
| Long-term debt issued | 2.00B+149.4% | 800M-50.0% | 1.60B-73.7% | 6.08B+44.7% | 4.20B+4.9% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.68B+78.0% | 1.50B+113.5% | 705M-88.8% | 6.28B-13.8% | 7.29B+96.8% | |
| Dividends paid | 3.24B+0.7% | 3.21B+1.3% | 3.17B+0.4% | 3.16B+12.8% | 2.80B+6.6% | |
| Other financing activities | 72.0M-6.5% | 77.0M+149.4% | -156M+33.6% | -235M-858.1% | 31.0M+146.3% | |
| Net change in cash | 252M+647.8% | -46.0M-152.9% | 87.0M+2075.0% | 4.00M+100.5% | -835M-186.8% | |
| Interest paid | 1.31B+4.0% | 1.26B-0.6% | 1.27B+9.7% | 1.16B+6.3% | 1.09B+3.5% | |
| Income taxes paid | — | 1.34B-9.8% | 1.49B-27.9% | 2.06B+224.2% | -1.66B-36.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 137B-0.4% | 138B-8.0% | 150B+17.6% | 127B-20.7% | 160B+15.0% | |
| P/E | 19.2×-5.8% | 20.4×-13.2% | 23.5×+30.7% | 18.0×-26.8% | 24.6×-5.7% | |
| P/S | 5.6×-1.4% | 5.7×-8.4% | 6.2×+19.0% | 5.2×-29.2% | 7.4×+3.1% | |
| P/B | 7.4×-8.9% | 8.2×-23.7% | 10.7×-1.4% | 10.8×-4.3% | 11.3×+37.8% | |
| P/FCF | 25.0×+6.8% | 23.4×-25.6% | 31.4×+46.1% | 21.5×-18.3% | 26.3×+5.9% | |
| Earnings yield | 5.2%+6.2% | 4.9%+15.2% | 4.3%-23.5% | 5.6%+36.6% | 4.1%+6.0% | |
| FCF yield | 4.0%-6.3% | 4.3%+34.4% | 3.2%-31.6% | 4.6%+22.4% | 3.8%-5.6% | |
| Dividend yield | 2.4%+1.6% | 2.3%+9.4% | 2.1%-13.7% | 2.5%+44.1% | 1.7%-8.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: UNP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all UNP filings on SEC EDGAR → Not investment advice.