Union Pacific
$278.28Change from previous close: +2.15%Absolute change: +$5.86
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,076 | 2,440 | 2,225 | 2,522 | 2,333 | 2,210 | 2,662 | 2,651 | 1,911 | 2,122 | 2,395 | 2,126 |
| Depreciation and amortization | 638 | 633 | 624 | 618 | 613 | 610 | 606 | 602 | 596 | 594 | 589 | 580 |
| Capital expenditure | -873 | -937 | -999 | -950 | -936 | -906 | -922 | -831 | -902 | -797 | -1,024 | -975 |
| Investing cash flow | -1,076 | -988 | -971 | -952 | -901 | -938 | -899 | -834 | -790 | -802 | -1,017 | -976 |
| Financing cash flow | -1,128 | -1,981 | -804 | -1,823 | -1,771 | -878 | -1,692 | -2,007 | -917 | -1,451 | -1,085 | -1,212 |
| Dividends paid | -819 | -821 | -818 | -819 | -795 | -804 | -810 | -815 | -793 | -795 | -793 | -792 |
| Share repurchases | -26.0 | 0.0 | 0.0 | 0.0 | -959 | -1,720 | -674 | -731 | -100 | — | — | — |
| Debt issued | 0.0 | 0.0 | 0.0 | 0.0 | -1.0 | 1,996 | 0.0 | -297 | 401 | 696 | — | -19.0 |
| Debt repaid | -334 | -1,172 | -4.0 | -1,015 | -39.0 | -370 | -6.0 | -413 | -449 | -1,358 | -11.0 | -515 |
| Net change in cash | 872 | -529 | 450 | -253 | -339 | 394 | 71.0 | -190 | 204 | -131 | 293 | -62.0 |
| Free cash flow | 2,203 | 1,503 | 1,226 | 1,572 | 1,397 | 1,304 | 1,740 | 1,820 | 1,009 | 1,325 | 1,371 | 1,151 |
| Levered free cash flow | 1,711 | 1,228 | 822 | 961 | 1,024 | 1,112 | 1,421 | 1,406 | 675 | 1,091 | 973 | 731 |