Direct Answer
Union Pacific Corporation reported revenue of $24.5 billion for the fiscal year ended December 31, 2025, with an operating margin of 40.2% and net income of $7.1 billion, according to its SEC filings. Revenue grew 1.1% from the prior year.
What Are Union Pacific Corporation's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $24.5 billion | $24.3 billion | $24.1 billion | $24.9 billion |
| Operating income | $9.8 billion | $9.7 billion | $9.1 billion | $9.9 billion |
| Operating margin | 40.2% | 40.1% | 37.7% | 39.9% |
| Net income | $7.1 billion | $6.7 billion | $6.4 billion | $7.0 billion |
| Net margin | 29.1% | 27.8% | 26.4% | 28.1% |
| Operating cash flow | $9.3 billion | $9.3 billion | $8.4 billion | $9.4 billion |
| Capital expenditures | $3.8 billion | $3.5 billion | $3.6 billion | $3.6 billion |
| Free cash flow | $5.5 billion | $5.9 billion | $4.8 billion | $5.7 billion |
Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $5.5 billion against net income of $7.1 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does Union Pacific Corporation's Balance Sheet Show?
| Cash and cash equivalents | $1.3 billion |
|---|---|
| Long-term debt | $31.8 billion |
| Total assets | $69.7 billion |
| Total liabilities | $51.2 billion |
| Shareholders' equity | $18.5 billion |
| Current ratio | 0.9x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Union Pacific Corporation reported in its own SEC filings, read from the SEC's XBRL data (accession 0000100885-26-000037 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Union Pacific Corporation's revenue in fiscal 2025?
Union Pacific Corporation reported revenue of $24.5 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Union Pacific Corporation's operating margin?
Union Pacific Corporation's operating margin was 40.2% in fiscal 2025: operating income of $9.8 billion on revenue of $24.5 billion.
How much free cash flow did Union Pacific Corporation generate?
Operating cash flow of $9.3 billion less capital expenditures of $3.8 billion gives free cash flow of $5.5 billion for fiscal 2025.