Income StatementBalance SheetCash FlowSegments
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Union Pacific Income Statement

Revenue, expenses, and profitability over time

Union Pacific generated $24.7B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $7.2B with a 29.2% net margin. Diluted EPS is $12.15, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$24.7BOperating Income (TTM)$9.9BNet Income (TTM)$7.2BEps Diluted (TTM)$12.14
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$157.86B
P/E Ratio21.88
ROE40.69%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Amortization of Gains (Losses)—-$2.0M-$2.0M-$2.0M—-$2.0M
Defined Benefit Plan Net Periodic Benefit Cost—-$2.0M-$3.0M-$4.0M—-$6.0M
Cash Paid for Interest$186.0M$439.0M$171.0M$473.0M$228.0M$441.0M
Net Periodic Benefit Cost (Credit)—-$2.0M-$3.0M-$4.0M—-$6.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Translation Adjustments—$0.0$30.0M$21.0M—$39.0M
Capital Expenditures$922.0M$906.0M$936.0M$950.0M$999.0M$937.0M
Change in Accounts Receivable-$142.0M$71.0M-$50.0M$6.0M-$61.0M$126.0M
Change in foreign currency translation—$0.0$30.0M$21.0M—$39.0M
Change in Other Current Assets—$75.0M-$26.0M-$50.0M-$24.0M$36.0M
Foreign Currency Translation Adjustments, Net of Tax—$0.0$30.0M$21.0M—$39.0M
OCI - Foreign Currency Translation Adjustment—$0.0$30.0M$21.0M—$39.0M
Other Comprehensive Income (Loss), Net of Tax—$3.0M$28.0M$20.0M—$38.0M
OCI Attributable to Parent—$3.0M$28.0M$20.0M—$38.0M
OCI Defined Benefit Plans Adjustment (Net of Tax) Parent—-$3.0M$2.0M$1.0M—$1.0M
Income Taxes Paid, Net$121.0M$61.0M$724.0M$56.0M—$59.0M
Interest Paid, Net$186.0M$439.0M$171.0M$473.0M$228.0M$441.0M
Accelerated Share Repurchase Programs Pending Final Settlement—$300.0M———$0.0
Pre-tax stock-based compensation cost—$34.0M$37.0M$39.0M—$29.0M
Capital investments accrued but not yet paid$12.0M$173.0M—$33.0M—$143.0M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$394.0M———-$529.0M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$1.6B$1.9B$1.8B—$1.7B
Deferred and other income taxes—-$7.0M-$116.0M$295.0M$69.0M$54.0M
Defined Benefit Plan, Amortization of Gain (Loss)—-$2.0M-$2.0M-$2.0M—-$2.0M
Defined Benefit Plan, Expected Return (Loss) on Plan Assets—$60.0M———$56.0M
Interest cost—$45.0M$45.0M$45.0M—$39.0M
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)—-$2.0M-$3.0M-$4.0M—-$6.0M
Service cost—$11.0M$11.0M$9.0M—$9.0M
Depreciation$606.0M$610.0M$613.0M$618.0M$624.0M$633.0M
Dividends, Common Stock—$804.0M$794.0M$819.0M—$819.0M
Share-Based Payment Arrangement, Expense, Tax Benefit—$7.0M———$9.0M
Environmental Remediation And Restoration—$5.0M$7.0M$6.0M—$11.0M
Income Taxes Paid, Net$121.0M$61.0M$724.0M$56.0M—$59.0M
Accounts payable and other current liabilities$271.0M-$236.0M—-$121.0M—-$135.0M
Increase (Decrease) in Accounts Receivable-$142.0M$71.0M-$50.0M$6.0M-$61.0M$126.0M
Income and other taxes—$363.0M———$426.0M
Increase (Decrease) in Materials and Supplies—-$22.0M$27.0M$8.0M$5.0M$51.0M
Increase (Decrease) in Other Current Assets—$75.0M-$26.0M-$50.0M-$24.0M$36.0M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$22.0M$21.0M-$49.0M$199.0M$26.0M
Interest Income, Other—$14.0M$16.0M$12.0M—$15.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$186.0M$439.0M$171.0M$473.0M$228.0M$441.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.7B-$878.0M-$1.8B-$1.8B-$804.0M-$2.0B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$899.0M-$938.0M-$901.0M-$952.0M-$971.0M-$988.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$2.7B$2.2B$2.3B$2.5B$2.2B$2.4B
Number of operating segments—1.00———1.00
Number of reportable segments—1.00———1.00
Other comprehensive income/(loss) before reclassifications—$3.0M$28.0M$22.0M—$38.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent—-$3.0M$2.0M$1.0M—$1.0M
Foreign currency translation—$0.0$30.0M$21.0M—$39.0M
Other comprehensive income/(loss)—$3.0M$28.0M$20.0M—$38.0M
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent—$200.0K———$100.0K
Other—$359.0M———$364.0M
Other—-$8.0M-$2.0M$3.0M—-$4.0M
Payment for (Proceeds from) Other Investing Activity-$23.0M$32.0M-$35.0M$0.0-$28.0M$51.0M
Payments for Repurchase of Common Stock$674.0M$1.4B$1.3B——$0.0
Payments of Dividends$810.0M$804.0M$795.0M$819.0M$818.0M$821.0M
Payments to Acquire Property, Plant, and Equipment$922.0M$906.0M$936.0M$950.0M$999.0M$937.0M
Cash contributions for pension plans—————$0.0
Debt issued (Note 13)—$2.0B———$0.0
Financing — other—$20.0M$23.0M$11.0M$18.0M$12.0M
Real estate income—$64.0M$102.0M$74.0M—$76.0M
Purchased services and materials$619.0M$631.0M$642.0M$683.0M$670.0M$673.0M
Receivables securitization facility, issued—$0.0$0.0$0.0—$0.0
Repayments amount—$0.0$0.0$0.0—$0.0
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—$0.0$0.0$2.0M—$0.0
Repayments of Debt and Lease Obligation$6.0M$370.0M$39.0M$1.0B$4.0M$1.2B
Granted (in shares)—423K———436K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period—018K3K—12K
Forfeited or expired (in shares)—$0.00$238.86$0.07—$248.62
Granted (in shares)—$243.51———$251.45
Exercised (in shares)—$164.76———$146.82
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period—223K27K11K—224K
Currency Translation Adjustment, Net of Tax—$0.0$30.0M$21.0M—$39.0M
OCI Before Reclassifications, Net of Tax—$3.0M$28.0M$22.0M—$38.0M
Reclassification from AOCI, Net of Tax—$0.0$0.0$2.0M—$0.0
Other Comprehensive Income (Loss)—$1.6B$1.9B$1.8B—$1.7B
OCI Foreign Currency Translation—$0.0$30.0M$21.0M—$39.0M
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$3.0M$28.0M$20.0M—$38.0M
OCI Net of Tax, Parent—$3.0M$28.0M$20.0M—$38.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total stock-based compensation—$34.0M$37.0M$39.0M—$29.0M
Stock-Based Compensation Expense (Pre-tax)—$34.0M$37.0M$39.0M—$29.0M
Allocated Share-Based Compensation Expense—$34.0M$37.0M$39.0M—$29.0M
Share-Based Compensation (Operating)—$34.0M$37.0M$39.0M—$29.0M
Share-Based Compensation Expense Before Income Taxes—$34.0M$37.0M$39.0M—$29.0M
Defined Benefit Plan Net Periodic Benefit Cost—-$2.0M-$3.0M-$4.0M—-$6.0M
Defined Benefit Plan Service Cost—$11.0M$11.0M$9.0M—$9.0M
Stock-Based Compensation (Before Tax)—$34.0M$37.0M$39.0M—$29.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$121.0M$61.0M$724.0M$56.0M—$59.0M
Stock-Based Compensation Tax Benefit—$7.0M———$9.0M
Income Taxes Paid, Net$121.0M$61.0M$724.0M$56.0M—$59.0M
Share-Based Compensation Tax Benefit—$7.0M———$9.0M
Share-Based Compensation Tax Benefit—$7.0M———$9.0M
Deferred Income Tax Expense—-$7.0M-$116.0M$295.0M$69.0M$54.0M
Income Taxes Paid, Net$121.0M$61.0M$724.0M$56.0M—$59.0M
Deferred and Other Income Taxes—-$7.0M-$116.0M$295.0M$69.0M$54.0M
Income and Other Taxes-$138.0M$363.0M——-$325.0M$426.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends—$804.0M$794.0M$819.0M—$819.0M
OCI Attributable to Parent—$3.0M$28.0M$20.0M—$38.0M
Net income$1.8B$1.6B$1.9B$1.8B$1.8B$1.7B