Union Pacific Corporation (UNP): financials, SEC filings and peers
Union Pacific Corporation (UNP) is a rail transportation company in the Industrials sector of the S&P 500, headquartered in Omaha, Nebraska.
It was founded in 1862 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Railroads, Line-Haul Operating”.
Union Pacific Corporation at a glance
- Revenue (12 months)
- $26.4B
- Revenue growth
- +7.4%
- Operating margin
- 40.1%
- Net income (12 months)
- $7.6B
- Free cash flow (12 months)
- $6.7B
- Cash
- $2.2B
- Debt
- $30.3B
- Diluted EPS (12 months)
- $12.83
Twelve months to September 30, 2026, from the 10-Q filed October 22, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Union Pacific Corporation reported revenue of $26.4 billion, about the same as a year earlier (+7.4%).
Its operating margin was 40.1%: for every $100 of sales, about $40 was left as operating profit.
Net income was $7.6 billion (28.9% of revenue), 8.0% higher than a year earlier.
Operating cash flow was $10.5 billion and capital spending $3.8 billion, leaving free cash flow of $6.7 billion (25.4% of revenue).
At the end of the period it held $2.2 billion in cash and $30.3 billion in debt, a net debt position of $28.1 billion.
Five-year trend
- Revenue went from $19.5 billion in fiscal 2020 to $24.5 billion in fiscal 2025, about 4.6% a year.
- Operating margin has been steady, around 40.2%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $21.8B | $24.9B | $24.1B | $24.3B | $24.5B |
| Revenue growth | 11.6% | 14.1% | -3.0% | 0.5% | 1.1% |
| Operating margin | 42.8% | 39.9% | 37.7% | 40.1% | 40.2% |
| Net income | $6.5B | $7.0B | $6.4B | $6.7B | $7.1B |
| Free cash flow | $6.1B | $5.7B | $4.8B | $5.9B | $5.5B |
| Diluted EPS | $9.95 | $11.21 | $10.45 | $11.09 | $11.98 |
Fiscal years as reported in Union Pacific Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 22, 2026 — quarterly report
- 8-K filed October 22, 2026 — Earnings results
- 8-K filed October 16, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed July 23, 2026 — quarterly report
- 8-K filed July 23, 2026 — Earnings results
- 8-K filed May 18, 2026 — Shareholder vote results
- 10-Q filed April 23, 2026 — quarterly report
- 8-K filed April 23, 2026 — Earnings results
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Questions about Union Pacific Corporation
Is Union Pacific Corporation's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $26.4 billion, up 7.4% from a year earlier, according to its SEC filings.
Is Union Pacific Corporation profitable?
Yes. It earned $7.6 billion in net income over the twelve months to September 30, 2026, a net margin of 28.9%.
Does Union Pacific Corporation have more cash or more debt?
At September 30, 2026 it had $2.2 billion in cash and $30.3 billion in debt, so more debt than cash.
When did Union Pacific Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 22, 2026.
Which companies are similar to Union Pacific Corporation?
In the S&P 500, Union Pacific Corporation is grouped in Rail Transportation within the Industrials sector. CSX Corporation (CSX), Norfolk Southern (NSC) are in the same group.
Understand the numbers
Source: Union Pacific Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 12, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.