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UNP
Union Pacific CorporationStock · Industrials
$282.25+$4.52 (+1.63%)as of market close, Jul 2, 2026
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How Union Pacific makes money

Fiscal year

How does Union Pacific make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Union Pacific Corporation · FY2025 · year ended 2025-12-31
Revenue$24.5BGross profit$24.5B · 100%Cost of revenue$0 · 0%Operating income$9.8B · 40%Operating expenses$14.7B · 60%Other opex$14.7B · 60%Pre-tax income$9.2B · 37%Other expense$680M · 3%Net income$7.1B · 29%Income tax$2.0B · 8%Cargo & Freight$23.2B · 95%Product & Service Other$1.3B · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.