Union Pacific

UNP Industrials Market cap $179B as of Oct 29, 2026 16:00 ET S&P 500

Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 22, 2026

Revenue$7.20B +15% year over year

Operating profit$2.73B 38% margin

Net profit$2.08B 29% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Sep 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.20	100%	+15%
Industrial	2.39	33%
Premium	2.09	29%
Bulk	2.04	28%
Other revenue	0.36	5%
Other subsidiary	0.19	3%
Accessorial	0.13	2%
Operating expenses	−4.47	62%
Compensation	−1.26	18%	−2pp
D&A	−0.64	9%	−1pp
Interest	−0.31	4%	−1pp
Underwriting	−0.36	5%	−1pp
Other	−1.90	26%
Operating profit	2.73	38% margin	+1pp
Tax	−0.65
Net profit	2.08	29% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.86	100%	+12%
Industrial	2.39	35%	+8%
Premium	2.09	30%	+21%
Bulk	2.04	30%	+7%
Other subsidiary	0.19	3%	+7%
Accessorial	0.13	2%	+21%
Miscellaneous product	0.02	0%	+0%
Operating expenses	−4.31	63%
Compensation	−1.24	18%	−2pp
D&A	−0.64	9%	−1pp
Interest	−0.31	5%	−1pp
Underwriting	−0.36	5%	+0pp
Other	−1.76	26%	+0pp
Operating profit	2.56	37% margin	+0pp
Tax	−0.56
Net profit	1.99	29% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.22	100%	+3%
Industrial	2.19	35%	+5%
Bulk	2.03	33%	+10%
Premium	1.68	27%	−5%
Other subsidiary	0.18	3%	−10%
Accessorial	0.13	2%	+7%
Miscellaneous product	0.02	0%	−4%
Operating expenses	−3.99	64%
Compensation	−1.23	20%	+0pp
D&A	−0.63	10%	+0pp
Interest	−0.32	5%	+0pp
Underwriting	−0.36	6%	+0pp
Other	−1.44	23%	+0pp
Operating profit	2.23	36% margin	+1pp
Tax	−0.53
Net profit	1.70	27% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.09	100%	−1%
Industrial	2.12	35%	+1%
Bulk	1.92	32%	+3%
Premium	1.72	28%	−6%
Other subsidiary	0.17	3%	−5%
Accessorial	0.13	2%	−1%
Miscellaneous product	0.03	0%	+16%
Operating expenses	−3.68	60%
Compensation	−1.22	20%	−1pp
D&A	−0.62	10%	+0pp
Interest	−0.33	5%	+0pp
Underwriting	−0.34	6%	+1pp
Other	−1.16	19%	+0pp
Operating profit	2.41	40% margin	+2pp
Tax	−0.56
Net profit	1.85	30% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.24	100%	+3%
Industrial	2.19	35%	+3%
Bulk	1.93	31%	+7%
Premium	1.80	29%	−2%
Other subsidiary	0.17	3%	−4%
Accessorial	0.12	2%	+2%
Miscellaneous product	0.02	0%	−5%
Operating expenses	−3.93	63%
Compensation	−1.21	19%	−1pp
D&A	−0.62	10%	+0pp
Interest	−0.33	5%	+0pp
Underwriting	−0.35	6%	+0pp
Other	−1.42	23%	+0pp
Operating profit	2.32	37% margin	+1pp
Tax	−0.53
Net profit	1.79	29% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 22, 2026 Operating margin 38% Net profit $2.08B	Jul 1 – Sep 30, 2026	Oct 22, 2026	$7.20B	+15%	38%	$2.08B	29%
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 23, 2026 Operating margin 37% Net profit $1.99B	Apr 1 – Jun 30, 2026	Jul 23, 2026	$6.86B	+12%	37%	$1.99B	29%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 23, 2026 Operating margin 36% Net profit $1.70B	Jan 1 – Mar 31, 2026	Apr 23, 2026	$6.22B	+3%	36%	$1.70B	27%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 6, 2026 Operating margin 40% Net profit $1.85B	Oct 1 – Dec 31, 2025	Feb 6, 2026	$6.09B	−1%	40%	$1.85B	30%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 23, 2025 Operating margin 37% Net profit $1.79B	Jul 1 – Sep 30, 2025	Oct 23, 2025	$6.24B	+3%	37%	$1.79B	29%