Union Pacific

UNP · NYSE · USD

$278.28+2.15%+$5.86

Close · October 2, 2026

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.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	71,211	69,644	69,698	68,647	68,576	68,492	67,715	67,570	67,817	67,266	67,132	66,540
Current assets	5,533	4,215	4,555	3,904	4,183	4,539	4,021	4,149	4,498	4,194	4,148	3,813
Cash and equivalents	1,614	735	1,266	808	1,060	1,411	1,016	947	1,137	925	1,055	750
Short-term investments	500	300	250	20.0	20.0	20.0	20.0	20.0	20.0	20.0	16.0	16.0
Receivables	2,130	1,986	1,860	1,921	1,915	1,965	1,894	2,036	2,118	2,162	2,073	1,934
Inventory	919	838	787	782	774	747	769	775	807	770	743	770
Net property, plant and equipment	60,337	60,120	59,936	59,733	59,444	59,073	58,849	58,574	58,409	58,237	58,227	57,945
Other intangible assets	737	742	745	749	766	779	791	807	812	806	814	735
Long-term investments	2,977	2,954	2,885	2,841	2,785	2,704	2,664	2,649	2,705	2,651	2,605	2,580
Current liabilities	5,612	4,602	5,014	5,220	6,452	6,222	5,254	5,366	4,287	4,534	5,106	5,304
Accounts payable	931	940	804	853	815	898	847	830	870	814	856	936
Long-term debt	28,974	29,718	30,228	30,182	30,188	30,514	29,695	29,652	31,058	31,076	31,047	30,975
Total debt	31,169	31,505	32,822	32,848	33,956	33,904	32,463	32,696	33,197	33,266	—	—
Total liabilities	50,538	50,226	51,231	51,343	52,318	52,453	50,825	50,986	51,328	51,601	52,344	52,536
Total equity (incl. minority)	20,673	19,418	18,467	17,304	16,258	16,039	16,890	16,584	16,489	15,665	14,788	14,004
Retained earnings	71,584	70,411	69,529	68,501	67,532	66,450	65,628	64,677	63,820	62,940	62,093	61,235