Union Pacific (UNP) Free Cash Flow (2009 - 2026)
Union Pacific (UNP) reported Free Cash Flow of $1.76 billion for Q3 2026, up 12.1% from $1.57 billion a year earlier but down 20.0% from the prior quarter.
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Analysis
Union Pacific (UNP) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Union Pacific's Free Cash Flow came in at $6.69 billion, up 11.3% year-over-year; for FY2025, it was $5.5 billion, down 6.7% from FY2024.
- Free Cash Flow has a five-year compound annual growth rate of -0.4% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $5.89 billion in FY2024 (+23.5%), $4.77 billion in FY2023 (-16.9%), $5.74 billion in FY2022 (-5.8%) and $6.1 billion in FY2021 (+8.6%).
- Five-year quarterly Free Cash Flow spans a low of $1.01 billion in Q2 2024 and a high of $2.2 billion in Q2 2026.
- Year over year, Free Cash Flow has now increased in each of the last three quarters, with growth averaging 13.2% over the last eight quarters.
- The high point for year-over-year Free Cash Flow in five years was Q3 2024 (growth of 58.1%); the low point was Q3 2023 (a decline of 38.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.2 billion (Q2 2026), $1.5 billion (Q1 2026) and $1.23 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 1.76 Bn |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 1.02 Bn |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 2.41 Bn |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 669.34 Mn |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 1.79 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 736.00 Mn |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 300.00 Mn |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | -1.67 Bn |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 402.43 Mn |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 349.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.76 Bn |
| Jun 30, 2026 | 2.20 Bn |
| Mar 31, 2026 | 1.50 Bn |
| Dec 31, 2025 | 1.23 Bn |
| Sep 30, 2025 | 1.57 Bn |
| Jun 30, 2025 | 1.40 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Mar 31, 2024 | 1.33 Bn |
| Mar 31, 2023 | 1.07 Bn |
| Mar 31, 2022 | 1.39 Bn |
| Dec 31, 2021 | 1.54 Bn |
| Sep 30, 2021 | 1.53 Bn |
| Jun 30, 2021 | 1.61 Bn |
| Mar 31, 2021 | 1.42 Bn |
| Dec 31, 2020 | 1.91 Bn |
| Sep 30, 2020 | 906.00 Mn |
| Jun 30, 2020 | 1.45 Bn |
| Mar 31, 2020 | 1.35 Bn |
| Mar 31, 2019 | 1.21 Bn |
| Dec 31, 2018 | 1.30 Bn |
API Access
Union Pacific Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "UNP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();