KPIs & Operating Metrics(New)
Growth Metrics

Union Pacific (UNP) Net Margin (2016 - 2025)

Union Pacific's Net Margin history spans 17 years, with the latest figure at 30.37% for Q4 2025.

  • For Q4 2025, Net Margin rose 158.0% year-over-year to 30.37%; the TTM value through Dec 2025 reached 29.12%, up 130.0%, while the annual FY2025 figure was 29.12%, 130.0% up from the prior year.
  • Net Margin for Q4 2025 was 30.37% at Union Pacific, up from 28.64% in the prior quarter.
  • Across five years, Net Margin topped out at 39.17% in Q3 2021 and bottomed at 23.88% in Q1 2023.
  • The 5-year median for Net Margin is 28.71% (2024), against an average of 29.95%.
  • The largest annual shift saw Net Margin skyrocketed 1146bps in 2021 before it tumbled -1326bps in 2023.
  • A 5-year view of Net Margin shows it stood at 32.49% in 2021, then grew by 8bps to 35.13% in 2022, then fell by -29bps to 25.07% in 2023, then rose by 15bps to 28.79% in 2024, then rose by 6bps to 30.37% in 2025.
  • Per Business Quant, the three most recent readings for UNP's Net Margin are 30.37% (Q4 2025), 28.64% (Q3 2025), and 30.48% (Q2 2025).