Financial Statements — UNP
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.61 | 0.74 | 0.81 | 1.06 | 1.41 | 0.95 | 1.14 | 0.93 | 0.75 | 0.83 | 1.08 | 1.27 | 0.79 | 0.91 | 1.19 | 1.12 | 1.18 |
| Accounts Receivable | 2.13 | 1.99 | 1.92 | 1.92 | 1.97 | 2.04 | 2.12 | 2.16 | 1.93 | 1.83 | 1.96 | 2.05 | 2.05 | 1.96 | 1.68 | 1.67 | 1.61 |
| Total Current Assets | 5.53 | 4.22 | 3.90 | 4.18 | 4.54 | 4.15 | 4.50 | 4.19 | 3.81 | 3.75 | 4.06 | 4.41 | 3.98 | 3.88 | 3.81 | 3.76 | 3.72 |
| Property, Plant & Equipment | 60.20 | 59.96 | 59.39 | 59.02 | 58.71 | 58.04 | 57.84 | 57.59 | 57.01 | 56.64 | 56.27 | 55.69 | 55.32 | 55.06 | 54.36 | 54.15 | 54.06 |
| Total Non-current Assets* | 65.68 | 65.43 | 64.74 | 64.39 | 63.95 | 63.42 | 63.32 | 63.07 | 62.73 | 62.28 | 61.91 | 60.94 | 60.46 | 60.18 | 58.55 | 58.31 | 58.07 |
| Total Assets | 71.21 | 69.64 | 68.65 | 68.58 | 68.49 | 67.57 | 67.82 | 67.27 | 66.54 | 66.03 | 65.97 | 65.34 | 64.44 | 64.05 | 62.36 | 62.07 | 61.79 |
| Accounts Payable | 4.32 | 3.74 | 3.70 | 3.93 | 4.00 | 3.71 | 3.56 | 3.80 | 3.58 | 3.50 | 3.62 | 4.03 | 3.67 | 3.90 | 3.28 | 3.25 | 3.31 |
| Total Current Liabilities | 5.61 | 4.60 | 5.22 | 6.45 | 6.22 | 5.37 | 4.29 | 4.53 | 5.30 | 5.25 | 6.21 | 5.71 | 6.00 | 5.46 | 5.11 | 4.36 | 4.87 |
| Long-term Debt | 29.04 | 29.78 | 30.29 | 30.29 | 30.62 | 29.76 | 31.17 | 31.20 | 31.15 | 31.56 | 31.19 | 31.74 | 29.67 | 30.68 | 27.56 | 27.70 | 25.12 |
| Total Non-current Liabilities* | 44.93 | 45.62 | 46.12 | 45.87 | 46.23 | 45.62 | 47.04 | 47.07 | 47.23 | 47.59 | 47.31 | 47.89 | 45.73 | 46.69 | 43.33 | 43.41 | 40.67 |
| Total Liabilities | 50.54 | 50.23 | 51.34 | 52.32 | 52.45 | 50.99 | 51.33 | 51.60 | 52.54 | 52.84 | 53.51 | 53.60 | 51.73 | 52.15 | 48.44 | 47.77 | 45.54 |
| Retained Earnings | 71.58 | 70.41 | 68.50 | 67.53 | 66.45 | 64.68 | 63.82 | 62.94 | 61.24 | 60.50 | 59.72 | 58.05 | 56.96 | 55.94 | 54.09 | 53.12 | 52.02 |
| Total Stockholder Equity | 20.67 | 19.42 | 17.30 | 16.26 | 16.04 | 16.58 | 16.49 | 15.67 | 14.00 | 13.19 | 12.45 | 11.74 | 12.71 | 11.90 | 13.92 | 14.30 | 16.25 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 6.86 | 6.22 | 6.09 | 6.24 | 6.15 | 6.03 | 6.12 | 6.09 | 6.01 | 6.03 | 6.16 | 5.94 | 5.96 | 6.06 | 6.18 | 6.57 | 6.27 | 5.86 | 6.86 | 5.17 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.13 |
| Operating Income | 2.76 | 2.46 | 2.40 | 2.55 | 2.53 | 2.37 | 2.53 | 2.42 | 2.40 | 2.37 | 2.41 | 2.18 | 2.20 | 2.29 | 2.41 | 2.63 | 2.50 | 2.38 | 2.44 | 2.43 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.31 | 0.32 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.33 | 0.32 | 0.32 | 0.31 | 0.30 | 0.29 |
| Pretax Income | 2.56 | 2.23 | 2.41 | 2.32 | 2.31 | 2.13 | 2.28 | 2.19 | 2.18 | 2.14 | 2.18 | 1.95 | 1.96 | 2.14 | 2.17 | 2.44 | 2.34 | 2.12 | 2.23 | 2.18 |
| Tax Provision | 0.56 | 0.53 | 0.56 | 0.53 | 0.44 | 0.50 | 0.52 | 0.52 | 0.51 | 0.50 | 0.53 | 0.42 | 0.39 | 0.51 | 0.53 | 0.55 | 0.51 | 0.49 | 0.52 | 0.51 |
| Net Income | 1.99 | 1.70 | 1.85 | 1.79 | 1.88 | 1.63 | 1.76 | 1.67 | 1.67 | 1.64 | 1.65 | 1.53 | 1.57 | 1.63 | 1.64 | 1.90 | 1.84 | 1.63 | 1.71 | 1.67 |
| Basic EPS | 3.36 | 2.87 | 3.11 | 3.02 | 3.16 | 2.71 | 2.91 | 2.75 | 2.75 | 2.69 | 2.71 | 2.51 | 2.58 | 2.67 | 2.68 | 3.05 | 2.93 | 2.58 | 2.66 | 2.58 |
| Diluted EPS | 3.36 | 2.87 | 3.12 | 3.01 | 3.15 | 2.70 | 2.91 | 2.75 | 2.74 | 2.69 | 2.70 | 2.51 | 2.57 | 2.67 | 2.66 | 3.05 | 2.93 | 2.57 | 2.66 | 2.57 |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 3.08 | 2.44 | 2.23 | 2.52 | 2.33 | 2.21 | 2.66 | 2.65 | 1.91 | 2.12 | 2.40 | 2.13 | 2.02 | 1.84 | 2.29 | 2.90 | 1.93 | 2.24 | 2.53 | 2.28 |
| Capital Expenditures | 0.87 | 0.94 | 1.00 | 0.95 | 0.94 | 0.91 | 0.92 | 0.83 | 0.90 | 0.80 | 1.02 | 0.98 | 0.84 | 0.77 | 0.93 | 1.05 | 0.80 | 0.85 | 0.99 | 0.76 |
| Free Cash Flow* | 2.20 | 1.50 | 1.23 | 1.57 | 1.40 | 1.30 | 1.74 | 1.82 | 1.01 | 1.33 | 1.37 | 1.15 | 1.18 | 1.07 | 1.36 | 1.86 | 1.13 | 1.39 | 1.54 | 1.53 |
| Investing Cash Flow | (1.08) | (0.99) | (0.97) | (0.95) | (0.90) | (0.94) | (0.90) | (0.83) | (0.79) | (0.80) | (1.02) | (0.98) | (0.87) | (0.80) | (0.91) | (1.02) | (0.70) | (0.84) | (0.92) | (0.72) |
| Financing Cash Flow | (1.13) | (1.98) | (0.80) | (1.82) | (1.77) | (0.88) | (1.69) | (2.01) | (0.92) | (1.45) | (1.08) | (1.21) | (1.40) | (0.93) | (1.68) | (1.41) | (1.34) | (1.45) | (1.87) | (1.48) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Dividends Per Share | 1.38 | 1.38 | 1.38 | 1.38 | 1.34 | 1.34 | 1.34 | 1.34 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 1.18 | 1.18 | 1.07 | 1.07 |
