UNP · Q1 FY26 · Jan 1 – Mar 31, 2026
Union Pacific Q1 FY26: where the revenue came from and where it went
Union Pacific Q1 FY26: revenue $6.2B (+3% year over year). Net profit $1.7B. Largest cohort Industrial $2.2B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 23, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$6.2B
+3% year over year
Operating profit$2.5B
40% margin
Net profit$1.7B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.2 | 100% | +3% |
| Industrial | 2.2 | 35% | +5% |
| Bulk | 2 | 32% | +10% |
| Premium | 1.7 | 27% | −5% |
| Other Subsidiary Revenues | 0.2 | 3% | −10% |
| Accessorial Revenues | 0.1 | 2% | +7% |
| Compensation and benefits | −1.2 | 20% | +0pp |
| Purchased services and materials | −0.7 | 11% | +0pp |
| Fuel | −0.6 | 10% | +0pp |
| Depreciation | −0.6 | 10% | +0pp |
| Other | −0.4 | 6% | +0pp |
| Equipment and other rents | −0.2 | 4% | +0pp |
| Operating profit | 2.5 | 40% margin | +0pp |
| Tax | −0.6 | ||
| Interest & other costs | −0.2 | ||
| Net profit | 1.7 | 27% | +0pp |
Older quarters
-
Q2 FY26 6/2026Revenue $6.9B Net margin 29%
-
Q4 FY25 12/2025Revenue $6.1B Net margin 30%
-
Q3 FY25 9/2025Revenue $6.2B Net margin 29%
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