What is Union Pacific's shares (diluted)?

Union Pacific (UNP) reported shares (diluted) of 593.6M in Q1 2026.

How has Union Pacific's shares (diluted) changed year-over-year?

Union Pacific's shares (diluted) decreased by 1.4% year-over-year, from 601.9M to 593.6M.

What does shares (diluted) mean?

The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.

Earnings Per Share

Shares (Diluted)

Union Pacific Shares (Diluted) increased by 0.1% to 593.6M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.4%, from 601.9M to 593.6M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionEarnings Per Share

CategoryCapital Allocation

SignalLower is better

VolatilityStable

First reportedQ4 2013

Last reportedQ4 2025

How to read this metric

An increase relative to basic shares indicates a higher reliance on equity-based compensation or convertible debt financing.

Detailed definition

Weighted-average shares outstanding (diluted) includes the total number of basic common shares plus all additional share...

Peer comparison

Commonly compared against basic shares to determine the 'dilution overhang' present in a company's capital structure.

Metric ID: is_weighted_shares_diluted

Historical Data

17 periods

	Q2 '21	Q3 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	660.1M	650.3M	156M	156M	156M	156M	152.6M	152.6M	152.6M	152.6M	610.2M	610.3M	608.6M	601.9M	594.8M	593.2M	593.6M
QoQ Change	—	-1.5%	-76.0%	+0.0%	+0.0%	+0.0%	-2.2%	+0.0%	+0.0%	+0.0%	+300.0%	+0.0%	-0.3%	-1.1%	-1.2%	-0.3%	+0.1%
YoY Change	—	—	—	-76.4%	-76.0%	—	-2.2%	-2.2%	-2.2%	-2.2%	+300.0%	+300.1%	+299.0%	-1.4%	-2.5%	-2.5%	-1.4%

Range152.6M – 660.1M

CAGR-2.6%

Avg YoY Growth+56.2%

Median YoY Growth-2.2%

Shares (Diluted) at Other Companies

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Frequently Asked Questions

What is Union Pacific's shares (diluted)?: Union Pacific (UNP) reported shares (diluted) of 593.6M in Q1 2026.
How has Union Pacific's shares (diluted) changed year-over-year?: Union Pacific's shares (diluted) decreased by 1.4% year-over-year, from 601.9M to 593.6M.
What does shares (diluted) mean?: The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.