Union Pacific Corporation (UNP) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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UNP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UNP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 59.4% | 40.1% | 29.1% |
| 2024 | 45.5% | 40.1% | 27.8% |
| 2023 | 43.7% | 37.7% | 26.4% |
| 2022 | 45.0% | 39.9% | 28.1% |
| 2021 | 48.2% | 42.8% | 29.9% |
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Union Pacific Corporation (UNP) Earnings Overview
As of May 8, 2026, Union Pacific Corporation (UNP) reported trailing twelve-month net income of $5.51B, reflecting +7.9% year-over-year growth. The company earned $9.29 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 ($3.05B net income, 20.5% margin), NSC ($2.67B net income, 23.6% margin), CP ($4.08B 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% |
Full UNP Stock Analysis
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Start ComparisonUNP — Frequently Asked Questions
Quick answers to the most common questions about buying UNP stock.
Is UNP growing earnings?
UNP EPS stands at $9.29, with +7.9% growth matching the 5-year CAGR of +8.7%. TTM net income is $5.5B. Earnings trajectory remains consistent.
What are UNP's profit margins?
Union Pacific Corporation net margin is +29.1%, with operating margin at +40.1%. Above-average margins indicate pricing power.
How consistent are UNP's earnings?
UNP earnings data spans 1989-2025. The current earnings trend is +7.9% YoY. Historical data enables comparison across business cycles.