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Union Pacific UNP Business Segments — Total operating revenues

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Other financials

Income statement

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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

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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

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Operating cash flow$3.1B+31.8%
CapEx$873.0M-6.7%
Free cash flow$2.2B+57.7%

Valuation

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Market cap$173.61B+33.3%
Enterprise value$203.17B+24.5%
P/E23.7×+4.9×
P/S6.8×+1.5×

Profitability

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Operating margin40%-0.3pp
Net margin28.8%+0.4pp
FCF margin25.6%-0.1pp

Returns & leverage

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Return on equity39.7%-2.7pp
Debt / equity1.5×-0.6×
Current ratio+0.3×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Union Pacific’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 3:48 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000100885-26-000250
MillionsThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Other subsidiary revenues194181369375
Accessorial revenues129107255225
Other23234647
Total operating revenues$6,864$6,154$13,081$12,181
Operating [a]1,7411,6853,4603,369
Administrative [a]182188367381
Locomotive fuel9135631,5431,154
Acquisition-related (Note 18) [b]351711

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Union Pacific's business segments — total operating revenues?
Union Pacific (UNP) reported business segments — total operating revenues of $6.86B in Q2 2026.
How has Union Pacific's business segments — total operating revenues changed year-over-year?
Union Pacific's business segments — total operating revenues increased by 11.5% year-over-year, from $6.15B to $6.86B.
What is the long-term trend for Union Pacific's business segments — total operating revenues?
Over 3 years (2022 to 2025), Union Pacific's business segments — total operating revenues has grown at a -0.5% compound annual growth rate (CAGR), from $24.88B to $24.51B.
What does business segments — total operating revenues mean?
This represents the total gross income generated from the core business activities of the railroad segment. It includes freight revenue from hauling various commodities and ancillary services provided to customers.

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