Investing
CapEx
Union Pacific CapEx decreased by 6.2% to $937.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $906.00M to $937.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 6.6% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $654.00M | $755.00M | $991.00M | $848.00M | $797.00M | $1.05B | $930.00M | $772.00M | $835.00M | $975.00M | $1.02B | $797.00M | $902.00M | $831.00M | $922.00M | $906.00M | $936.00M | $950.00M | $999.00M | $937.00M |
| QoQ Change | — | +15.4% | +31.3% | -14.4% | -6.0% | +31.1% | -11.0% | -17.0% | +8.2% | +16.8% | +5.0% | -22.2% | +13.2% | -7.9% | +11.0% | -1.7% | +3.3% | +1.5% | +5.2% | -6.2% |
| YoY Change | — | — | — | — | +21.9% | +38.4% | -6.2% | -9.0% | +4.8% | -6.7% | +10.1% | +3.2% | +8.0% | -14.8% | -10.0% | +13.7% | +3.8% | +14.3% | +8.4% | +3.4% |
Range$654.00M – $1.05B
CAGR+7.9%
Avg YoY Growth+5.2%
Median YoY Growth+4.3%
CapEx at Other Companies
Frequently Asked Questions
- What is Union Pacific's capex?
- Union Pacific (UNP) reported capex of $937.00M in Q1 2026.
- How has Union Pacific's capex changed year-over-year?
- Union Pacific's capex increased by 3.4% year-over-year, from $906.00M to $937.00M.
- What is the long-term trend for Union Pacific's capex?
- Over 4 years (2021 to 2025), Union Pacific's capex has grown at a 6.6% compound annual growth rate (CAGR), from $2.94B to $3.79B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.