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Union Pacific UNP Freight revenues — Total operating revenues

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Other financials

Income statement

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Revenue$6.2B+3.2%
Operating income$2.5B+3.7%
Net income$1.7B+4.6%
EPS (diluted)$2.87+6.3%

Balance sheet

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Cash & equivalents$735.0M-47.9%
Total debt$854.0M-97.5%
Total equity$19.4B+21.1%
Total assets$69.6B+1.7%

Cash flow

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Operating cash flow$2.4B+10.4%
CapEx$937.0M+3.4%
Free cash flow$1.5B+15.3%

Valuation

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Market cap$153.21B+1.7%
Enterprise value$153.33B-17.2%
P/E21.2×-1.1×
P/S6.2×0.0×

Profitability

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Operating margin40.2%+0.2pp
Net margin29.2%+1.4pp

Returns & leverage

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Return on equity40.7%-1.8pp
Debt / equity-2.1×
Current ratio0.9×+0.2×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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

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Questions, answered.

What is Union Pacific's freight revenues — total operating revenues?
Union Pacific (UNP) reported freight revenues — total operating revenues of $5.89B in Q1 2026.
How has Union Pacific's freight revenues — total operating revenues changed year-over-year?
Union Pacific's freight revenues — total operating revenues increased by 3.5% year-over-year, from $5.69B to $5.89B.
What is the long-term trend for Union Pacific's freight revenues — total operating revenues?
Over 4 years (2021 to 2025), Union Pacific's freight revenues — total operating revenues has grown at a 3.5% compound annual growth rate (CAGR), from $20.24B to $23.22B.
What does freight revenues — total operating revenues mean?
The percentage of total company revenue generated directly from hauling freight.
How do you interpret freight revenues — total operating revenues?
An increase suggests a stronger focus on core rail transportation services, while a decrease may indicate a diversification into non-freight services or a decline in core shipping volumes.
How does freight revenues — total operating revenues compare across companies?
Most Class I railroads report this as a primary revenue driver, typically ranging between 90% and 95% of total operating revenues.