Union Pacific Corp. (UNP) Financials
Key financial figures for Union Pacific Corp. (Q3 2026).
Union Pacific posted record Q3 2026 operating revenue of $7.2 billion (+15%) and diluted EPS of $3.49 (+16%) on 6% revenue carload growth, with the operating ratio at 59.1%. Operating revenue rose 15% to $7,197M and freight revenue rose 15% to $6,813M, helped by higher fuel surcharge; freight revenue excluding fuel surcharge rose 6% on 6% volume growth and core pricing gains. Diluted EPS was $3.49 (+16% vs $3.01); adjusted diluted EPS was $3.53 (+15% vs $3.08), excluding $0.04 per share of acquisition-related expense. Reported operating ratio improved 10 basis points to 59.1%; adjusted operating ratio rose 30 basis points to 58.8% (from 58.5%). Higher fuel price hurt the operating ratio by 140 basis points; fuel expense rose 69% to $1,040M. On the outlook: 2026 outlook affirmed: reported EPS growth of high-single digit (consistent with a high-single to low-double digit 3-year CAGR target through 2027), pricing dollars in excess of inflation dollars, industry-leading operating ratio and return on invested capital, continued strong cash generation and consistent annual dividend increases. Updated: operating ratio improvement from the core business with the reported operating ratio challenged by high fuel prices, and a capital plan of $3.5 billion. Figures are for Q3 2026, as Union Pacific Corporation reported them.
- Revenue
- $7.2B
- Net Income
- $2.1B
- EPS
- $3.50
- Total Assets
- $72.6B
- Operating Cash Flow
- $2.8B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $7.2B | $2.1B | $3.49 | 40.89% | $1.8B |
| Q2 FY2026 | $6.9B | $2.0B | $3.36 | 40.25% | $2.2B |
| Q1 FY2026 | $6.2B | $1.7B | $2.87 | 39.36% | $1.5B |
| Q4 FY2025 | $6.1B | $1.8B | $3.11 | 39.23% | $1.2B |
| Q3 FY2025 | $6.2B | $1.8B | $3.01 | 40.82% | $1.6B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $24.5B | $7.1B | $11.98 | 40.14% | $5.5B |
| FY2024 | $24.3B | $6.7B | $11.09 | 40.05% | $5.9B |
| FY2023 | $24.1B | $6.4B | $10.45 | 37.65% | $4.8B |
Frequently asked questions
What was Union Pacific Corporation's revenue last quarter?
Union Pacific Corporation reported revenue of $7.20 billion for Q3 FY2026, up 15.3% from the same period a year earlier.
Is Union Pacific Corporation profitable?
Yes. Union Pacific Corporation reported net income of $2.08 billion for Q3 FY2026, a net margin of 28.85% on revenue.
How has Union Pacific Corporation's margin trended?
Operating margin was 40.89% in Q3 FY2026. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Union Pacific Corporation generate?
Union Pacific Corporation generated free cash flow of $1.76 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Union Pacific Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.