What is Union Pacific's D&A?

Union Pacific (UNP) reported D&A of $638M in Q2 2026.

How has Union Pacific's D&A changed year-over-year?

Union Pacific's D&A increased by 4.1% year-over-year, from $613M to $638M.

What is the long-term trend for Union Pacific's D&A?

Over 4 years (2021 to 2025), Union Pacific's D&A has grown at a 2.8% compound annual growth rate (CAGR), from $2.21B to $2.47B.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Union Pacific UNP D&A

D&A at other companies

Canadian Pacific Kansas CityCP

$512M+1.6%

CSXCSX

$411M-3.7%

Norfolk SouthernNSC

$358M+3.5%

LSB IndustriesLXU

$20.92M+3.8%

Berkshire HathawayBRK.B

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Icahn EnterprisesIEP

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Segments

By segment

See full

Reportable Segment$638M+4.1%

Other financials

Income statement

See full

Revenue$6.9B+11.5%

Operating income$2.8B+9.4%

Net income$2.0B+6.2%

EPS (diluted)$3.36+6.7%

Balance sheet

See full

Cash & equivalents$1.6B+52.3%

Total debt$31.2B-8.2%

Total equity$20.7B+27.2%

Total assets$71.2B+3.8%

Cash flow

See full

Operating cash flow$3.1B+31.8%

CapEx$873.0M-6.7%

Free cash flow$2.2B+57.7%

Valuation

See full

Market cap$182.57B+34.3%

Enterprise value$212.13B+25.6%

P/E24.9×+5.3×

P/S7.2×+1.6×

Profitability

See full

Operating margin40%-0.3pp

Net margin28.8%+0.4pp

FCF margin25.6%-0.1pp

Returns & leverage

See full

Return on equity39.7%-2.7pp

Debt / equity1.5×-0.6×

Current ratio1×+0.3×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Union Pacific’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Union Pacific's D&A?: Union Pacific (UNP) reported D&A of $638M in Q2 2026.
How has Union Pacific's D&A changed year-over-year?: Union Pacific's D&A increased by 4.1% year-over-year, from $613M to $638M.
What is the long-term trend for Union Pacific's D&A?: Over 4 years (2021 to 2025), Union Pacific's D&A has grown at a 2.8% compound annual growth rate (CAGR), from $2.21B to $2.47B.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.