Union Pacific Corporation (UNP) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
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Union Pacific Corporation (UNP) Earnings Overview
As of October 3, 2026, Union Pacific Corporation (UNP) reported trailing twelve-month net income of $7.33B, reflecting +7.9% year-over-year growth. The company earned $12.34 per diluted share over the past four quarters, with a net profit margin of 29.1%.
Looking at the long-term picture, UNP's 5-year EPS compound annual growth rate (CAGR) stands at +8.7%, showing solid earnings momentum. The company achieved its highest annual net income of $10.71B in fiscal 2017.
Union Pacific Corporation maintains industry-leading profitability with a gross margin of 59.4%, operating margin of 40.1%, and net margin of 29.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CSX ($3.22B net income, 20.5% margin), NSC ($2.64B net income, 23.6% margin), CP ($4.20B net income, 27.5% margin), UNP has outperformed on profitability metrics. Compare UNP vs CSX →
UNP Earnings vs Peers
Earnings metrics vs comparable public companies
UNP Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.14B | +5.8% | $9.84B | $11.97 | 29.1% | 40.1% |
| 2024 | $6.75B | +5.8% | $9.71B | $11.09 | 27.8% | 40.1% |
| 2023 | $6.38B | -8.8% | $9.08B | $10.45 | 26.4% | 37.7% |
| 2022 | $7.00B | +7.3% | $9.92B | $11.21 | 28.1% | 39.9% |
| 2021 | $6.52B | +21.9% | $9.34B | $9.95 | 29.9% | 42.8% |
| 2020 | $5.35B | -9.6% | $7.83B | $7.88 | 27.4% | 40.1% |
| 2019 | $5.92B | -0.8% | $8.55B | $8.38 | 27.3% | 39.4% |
| 2018 | $5.97B | -44.3% | $8.52B | $7.91 | 26.1% | 37.3% |
| 2017 | $10.71B | +153.1% | $8.06B | $13.36 | 50.4% | 38.0% |
| 2016 | $4.23B | -11.3% | $7.27B | $5.07 | 21.2% | 36.5% |
| 2015 | $4.77B | -7.9% | $8.05B | $5.49 | 21.9% | 36.9% |
| 2014 | $5.18B | +18.0% | $8.75B | $5.75 | 21.6% | 36.5% |
| 2013 | $4.39B | +11.3% | $7.45B | $4.71 | 20.0% | 33.9% |
| 2012 | $3.94B | +19.8% | $6.75B | $4.14 | 18.8% | 32.2% |
| 2011 | $3.29B | +18.4% | $5.72B | $3.36 | 16.8% | 29.3% |
| 2010 | $2.78B | +47.1% | $4.98B | $2.76 | 16.4% | 29.4% |
| 2009 | $1.89B | -19.1% | $3.38B | $1.87 | 13.4% | 23.9% |
| 2008 | $2.33B | +25.9% | $4.08B | $2.27 | 13.0% | 22.7% |
| 2007 | $1.85B | +15.5% | $3.38B | $1.73 | 11.4% | 20.7% |
| 2006 | $1.61B | +56.5% | $2.88B | $1.48 | 10.3% | 18.5% |
| 2005 | $1.03B | +69.9% | $1.79B | $0.96 | 7.6% | 13.2% |
| 2004 | $604M | -61.9% | $1.29B | $0.58 | 4.9% | 10.6% |
| 2003 | $1.58B | +18.2% | $2.13B | $1.48 | 13.7% | 18.5% |
| 2002 | $1.34B | +38.8% | $2.32B | $1.21 | 10.7% | 18.6% |
| 2001 | $966M | +14.7% | $2.07B | $0.89 | 8.1% | 17.3% |
| 2000 | $842M | +4.0% | $1.90B | $0.78 | 7.1% | 16.0% |
| 1999 | $810M | +228.0% | $1.80B | $0.75 | 7.2% | 16.0% |
| 1998 | -$633M | -246.5% | -$171M | $-0.64 | -6.0% | -1.6% |
| 1997 | $432M | -52.2% | $1.25B | $0.44 | 3.9% | 11.3% |
| 1996 | $904M | -4.4% | $1.53B | $1.04 | 10.3% | 17.4% |
| 1995 | $946M | +73.3% | $1.34B | $1.15 | 12.6% | 17.9% |
| 1994 | $546M | +3.0% | $1.01B | $0.66 | 7.0% | 12.9% |
| 1993 | $530M | -27.2% | $980M | $0.65 | 7.0% | 13.0% |
| 1992 | $728M | +1037.5% | $1.10B | $0.89 | 10.0% | 15.1% |
| 1991 | $64M | -89.6% | $112M | $0.08 | 0.9% | 1.6% |
| 1990 | $618M | +3.9% | $952M | $0.77 | 8.9% | 13.7% |
| 1989 | $595M | - | $893M | $0.70 | 9.2% | 13.8% |
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UNP — Frequently Asked Questions
Quick answers to the most common questions about buying UNP stock.
What is UNP earnings per share (EPS)?
UNP trailing twelve-month (TTM) diluted EPS is $12.34, reflecting +7.9% year-over-year growth. The 5-year EPS CAGR is +8.7%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Union Pacific Corporation's net income?
Union Pacific Corporation (UNP) trailing twelve-month net income is $7.3B as of 2025. Earnings grew +7.9% year-over-year. Union Pacific Corporation has been profitable for 27 consecutive years.
Is UNP profitable?
Yes, UNP is profitable with a TTM net income of $7.3B and a net profit margin of +29.1%. Union Pacific Corporation has generated profits for 27 consecutive years.
What is UNP's earnings growth rate?
UNP compound annual EPS growth rates (CAGR): 1-Year: +7.9%, 3-Year: +2.2%, 5-Year: +8.7%, 10-Year: +8.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are UNP's profit margins?
Union Pacific Corporation net profit margin is +29.1%, operating margin is +40.1%, and gross margin is +59.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +40.4%.
Is UNP growing earnings?
UNP is growing earnings steadily. YoY EPS growth of +7.9% is consistent with the 5-year CAGR of +8.7%. TTM net income is $7.3B.
What was UNP's best earnings year?
Union Pacific Corporation's highest annual net income on record is $10.7B, achieved in fiscal year 2017. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were UNP's earnings last quarter?
UNP's most recent reported quarter was Q2 2026. Net income was $2.0B with diluted EPS of $3.36. For a full breakdown of all quarters, see the quarterly earnings table on this page.