Union Pacific Corporation (UNP) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	25.4B	24.5B	24.3B	24.1B	24.9B
Cost of Revenue	13.8B	10.0B	13.2B	13.6B	13.7B
Gross Profit	11.6B	14.6B	11.0B	10.5B	11.2B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.1B	3.3B	—	1.4B	1.3B
General & Admin Expense	—	(13.0M)	—	—	—
Selling & Marketing Expense	—	3.3B	—	—	—
Other Expenses	352.0M	1.4B	1.3B	—	—
Total Operating Expenses	1.4B	4.7B	1.3B	1.4B	1.3B
Cost and Expenses	15.3B	14.7B	14.5B	15.0B	15.0B
Operating Income (EBIT)	10.1B	9.8B	9.7B	9.1B	9.9B
Non-Operating
Interest Income	45.0M	16.0M	76.0M	52.0M	—
Interest Expense	1.3B	1.3B	1.3B	1.3B	1.3B
Net Interest Income	(1.2B)	(1.3B)	(1.2B)	(1.3B)	(1.3B)
Other Non-Op Income/Expense	(636.0M)	(673.0M)	(919.0M)	(849.0M)	(845.0M)
Non-Operating Income (excl Interest)	(649.0M)	(636.0M)	(350.0M)	(491.0M)	(426.0M)
EBT (Pre-Tax Income)	9.5B	9.2B	8.8B	8.2B	9.1B
Income Tax Expense	2.2B	2.0B	2.0B	1.9B	2.1B
Bottom Line
Net Income	7.3B	7.1B	6.7B	6.4B	7.0B
Earnings from Cont. Ops	7.3B	7.1B	6.7B	6.4B	7.0B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	7.3B	7.1B	6.7B	6.4B	7.0B
Per Share
Basic EPS	$12.37	$12.01	$11.10	$10.47	$11.24
Diluted EPS	$12.35	$11.97	$11.09	$10.45	$11.21
Revenue Per Share	$42.82	$41.37	$39.91	$39.59	$39.95
Shares
Basic Shares Outstanding	593.4M	592.5M	607.6M	609.2M	622.7M
Diluted Shares Outstanding	594.0M	593.5M	608.6M	610.2M	624.0M
Profitability Metrics
EBITDA	13.3B	12.9B	12.5B	11.9B	12.6B
D&A	2.5B	2.5B	2.4B	2.4B	2.3B
EBIT	10.8B	10.5B	10.1B	9.6B	10.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026