How much cash does Union Pacific generate?

Union Pacific (UNP) generated $9.5B in operating cash flow over the trailing twelve months.

What is Union Pacific's free cash flow?

After $3.8B of capital expenditures, Union Pacific's free cash flow was $5.7B over the trailing twelve months, down 3.0% year over year.

Where does Union Pacific's cash flow data come from?

Every line is extracted from Union Pacific's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Union Pacific UNP Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net income	$7.21B+1.1%	$7.14B+1.2%	$7.05B+1.7%	$6.94B+3.0%	$6.73B-0.2%
Deferred income taxes	$302M+25.3%	$241M—	——	——	——
Change in accounts receivable	$21M+162%	-$34M+70.4%	-$115M+43.3%	-$203M-3.0%	-$197M-10.1%
Change in accounts payable	——	——	——	——	$173M-8.5%
Other working capital changes	$197M+2.1%	$193M—	——	——	——
Net cash from operating activities	$9.52B+2.5%	$9.29B-4.5%	$9.73B-1.3%	$9.86B+4.5%	$9.43B+0.9%
Capital expenditures	$3.82B+0.8%	$3.79B+2.1%	$3.71B+3.3%	$3.6B+1.0%	$3.56B+3.2%
Net cash from investing activities	-$3.81B-1.3%	-$3.76B-2.0%	-$3.69B-3.3%	-$3.57B-3.2%	-$3.46B-4.1%
Dividends paid	$3.25B+0.5%	$3.24B+0.2%	$3.23B+0.1%	$3.22B+0.1%	$3.22B+0.3%
Repurchases of common stock	——	——	——	$4.08B+39.6%	$2.93B+94.4%
Proceeds from issuance of debt	——	——	——	——	——
Net cash from financing activities	-$6.38B-20.9%	-$5.28B+14.4%	-$6.16B+2.9%	-$6.35B-15.5%	-$5.49B+9.4%
Net increase (decrease) in cash	——	——	——	——	——
Interest paid	$1.31B+0.2%	$1.31B+3.3%	$1.27B+2.8%	$1.24B-0.1%	$1.24B-1.9%
Depreciation	$2.49B+0.9%	$2.47B+0.7%	$2.45B+0.7%	$2.43B+0.7%	$2.41B+0.7%
Income and other taxes	——	——	——	——	-$59M+32.2%
Increase (Decrease) in Materials and Supplies	——	——	——	——	——
Increase (Decrease) in Other Current Assets	-$64M-156%	-$25M—	——	——	——
Change in materials and supplies	$91M+406%	$18M—	——	——	——
Payment for (Proceeds from) Other Investing Activity	-$12M+61.3%	-$31M-19.2%	-$26M0.0%	-$26M+74.8%	-$103M+20.8%
Accelerated Share Repurchase Programs Pending Final Settlement	——	——	——	——	——
Other, net	$64M-11.1%	$72M—	——	——	——
Repayments of Debt and Lease Obligation	$2.23B+56.2%	$1.43B-0.1%	$1.43B+72.7%	$828M-33.1%	$1.24B-44.4%
Accelerated Share Repurchase Programs Pending Final Settlement	——	——	——	——	——
U.S. federal	——	-$543M+16.9%	-$653.75M+14.5%	-$764.5M+12.7%	-$875.25M+11.2%
Foreign income taxes, net of refunds	——	-$13M-20.9%	-$10.75M-26.5%	-$8.5M-36.0%	-$6.25M-56.3%
Total state income taxes, net of refunds	——	-$321M+2.2%	-$328.25M+2.2%	-$335.5M+2.1%	-$342.75M+2.1%
Income Taxes Paid, Net	——	——	$962M-1.7%	$979M-27.7%	$1.36B+1.1%
Free cash flow	$5.7B+3.6%	$5.5B-8.5%	$6.01B-4.0%	$6.26B+6.6%	$5.87B-0.4%
Free cash flow	$5.7B+3.6%	$5.5B-8.5%	$6.01B-4.0%	$6.26B+6.6%	$5.87B-0.4%

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Questions, answered.

How much cash does Union Pacific generate?: Union Pacific (UNP) generated $9.5B in operating cash flow over the trailing twelve months.
What is Union Pacific's free cash flow?: After $3.8B of capital expenditures, Union Pacific's free cash flow was $5.7B over the trailing twelve months, down 3.0% year over year.
Where does Union Pacific's cash flow data come from?: Every line is extracted from Union Pacific's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.