Direct Answer
Union Pacific Corporation reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Cargo and Freight is the largest, with $23.2 billion of revenue (95% of the total), followed by Product and Service Other at $1.3 billion (5%).
How Does Union Pacific Corporation Make Money?
Cargo and Freight supplies 95% of revenue, so Union Pacific Corporation's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Cargo and Freight grew fastest (+1.8%) and Product and Service Other slowest (-10.4%), so the revenue mix tilts toward Cargo and Freight while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Cargo and Freight | $23.2 billion | $22.8 billion | 94.7% | 1.8% |
| Product and Service Other | $1.3 billion | $1.4 billion | 5.3% | -10.4% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Union Pacific Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Union Pacific Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 6, 2026 (accession 0000100885-26-000037), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Union Pacific Corporation's main products and services?
In its fiscal 2025 Form 10-K, Union Pacific Corporation reports revenue for Cargo and Freight and Product and Service Other.
Which part of Union Pacific Corporation brings in the most revenue?
Cargo and Freight, with $23.2 billion of revenue in fiscal 2025, or 95% of the total.
Where does Union Pacific Corporation report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 6, 2026, alongside management's discussion of each segment's results.