Union Pacific revenue and financials
$276.61Change from previous close: −0.16%Absolute change: −$0.45
In the fiscal year ended December 2025, Union Pacific reported revenue of $24.51B (+1.07% year over year). Net income was $7.14B, a net margin of 29.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +1.07%
- 2025 vs 2024
- Net income growth
- +5.80%
- 2025 vs 2024
- Net margin
- 29.1%
- 2024: 27.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9,290 | 9,346 | 8,379 | 9,362 | 9,032 | 8,540 | 8,609 | 8,686 | 7,230 | 7,525 |
| Depreciation and amortization | 2,465 | 2,398 | 2,318 | 2,246 | 2,208 | 2,210 | 2,216 | 2,191 | 2,105 | 2,038 |
| Capital expenditure | -3,791 | -3,452 | -3,606 | -3,620 | -2,936 | -2,927 | -3,453 | -3,437 | -3,238 | -3,505 |
| Investing cash flow | -3,762 | -3,325 | -3,667 | -3,471 | -2,709 | -2,676 | -3,435 | -3,411 | -3,086 | -3,393 |
| Financing cash flow | -5,276 | -6,067 | -4,625 | -5,887 | -7,158 | -4,902 | -5,646 | -5,222 | -4,146 | -4,246 |
| Dividends paid | -3,236 | -3,213 | -3,173 | -3,159 | -2,800 | -2,626 | -2,598 | -2,299 | -1,982 | -1,879 |
| Share repurchases | -2,679 | -1,505 | -705 | -6,282 | -7,291 | -3,705 | -5,804 | -8,225 | -4,013 | -3,105 |
| Debt issued | 1,995 | 800 | 1,599 | 6,080 | 4,201 | 4,004 | 3,986 | 7,086 | 2,735 | 1,983 |
| Debt repaid | -1,428 | -2,226 | -2,190 | -2,291 | -1,299 | -2,508 | -1,210 | -1,736 | -840 | -1,204 |
| Net change in cash | 252 | -46.0 | 87.0 | 4.0 | -835 | 962 | -472 | 53.0 | -2.0 | -114 |
| Free cash flow | 5,499 | 5,894 | 4,773 | 5,742 | 6,096 | — | — | — | — | — |
| Levered free cash flow | 3,918 | 4,623 | 3,363 | 4,056 | 4,764 | 3,829 | 3,409 | 3,470 | 3,488 | 3,474 |