UNP · XBRL financial data

Union Pacific financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (UNP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	19,533	—	—	—	—	—
Revenue from contracts with customers	19,533	21,804	24,875	24,119	24,250	24,510
Total operating expenses	11,699	—	—	—	—	—
Operating income (loss)	7,834	9,338	9,917	9,082	9,713	9,846
Interest income	12	5	23	52	52	—
Interest expense	1,141	1,157	1,271	1,340	1,269	1,309
Other income (expense)	287	297	426	491	350	629
Income tax expense (benefit)	1,631	1,955	2,074	1,854	2,047	2,028
Net income (loss)	5,349	6,523	6,998	6,379	6,747	7,138
Earnings per share, basic USD per share	7.90	9.98	11.24	10.47	11.10	12.00
Earnings per share, diluted USD per share	7.88	9.95	11.21	10.45	11.09	11.98
Weighted average shares, basic millions of shares	677	654	623	609	608	595
Weighted average shares, diluted millions of shares	679	655	624	610	609	596

Fiscal years (UNP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,799	960	973	1,055	1,016	1,266
Accounts receivable	1,505	1,722	1,891	2,073	1,894	1,860
Total current assets	4,214	3,551	3,952	4,148	4,021	4,555
Property and equipment, net	54,161	54,871	56,038	57,398	—	—
Right-of-use asset	1,610	1,787	1,672	1,643	1,297	1,036
Total assets	62,398	63,525	65,449	67,132	67,715	69,698
Accounts payable	612	752	784	856	847	804
Commercial paper	75	400	200	0	0	0
Total current liabilities	4,173	5,744	5,520	5,106	5,254	5,014
Lease liability, non-current	1,283	1,429	1,300	1,245	925	738
Total liabilities	45,440	49,364	53,286	52,344	50,825	51,231
Retained earnings	51,326	55,049	58,887	62,093	65,628	69,529
Total stockholders' equity	16,958	14,161	12,163	14,788	16,890	18,467
Total liabilities and equity	62,398	63,525	65,449	67,132	67,715	69,698
Common shares outstanding (cover page) millions of shares	670	637	612	610	604	593

Fiscal years (UNP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	5,349	6,523	6,998	6,379	6,747	7,138
Stock-based compensation	73	88	99	107	—	—
Net cash from operating activities	8,540	9,032	9,362	8,379	9,346	9,290
Purchases of property and equipment	2,927	2,936	3,620	3,606	3,452	3,791
Net cash from investing activities	(2,676)	(2,709)	(3,471)	(3,667)	(3,325)	(3,762)
Share repurchases	3,705	7,291	6,282	705	1,505	2,679
Dividends paid	2,626	2,800	3,159	3,173	3,213	3,236
Proceeds from long-term debt	4,004	4,201	6,080	1,599	800	1,995
Net cash from financing activities	(4,902)	(7,158)	(5,887)	(4,625)	(6,067)	(5,276)
Net change in cash	962	(835)	4	87	(46)	252

SIC 4011 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4011 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Union Pacific	2,211	7,197	2,786*	594.3M	Q3 FY26 10-QSep 30, 2026
Canadian Pacific Kansas City	399	4,192	not reported	869.6M	Q3 FY26 10-QSep 30, 2026
CSX	1,223	4,017	1,617*	1.8B	Q3 FY26 10-QSep 30, 2026
Norfolk Southern	1,598	3,526	1,322*	224.6M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.