Union Pacific Q1 FY26: where the revenue came from and where it went
The whole income statement of Union Pacific for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 23, 2026
Revenue$6.22B
+3% year over year
Operating profit$2.23B
36% margin
Net profit$1.70B
27% margin
The numbers
| 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 |
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