Union Pacific (UNP) Net Margin (2009 - 2026)

Union Pacific has disclosed Net Margin across 18 years of filings, most recently posting 27.36% for Q1 2026.

• Net Margin for Q1 2026 came in at 27.36%, up 38.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.2% (up 144.0% YoY), and the FY2025 annual result was 29.12%, up 130.0% from the prior year.
• Net Margin came in at 27.36% for Q1 2026 at Union Pacific, down from 30.37% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 30.48% in Q2 2025 to a low of 25.72% in Q3 2023.
• The 5-year median for Net Margin is 27.43% (2024), against an average of 27.84%.
• Across the five-year window, Net Margin sank 340 bps in 2022 and jumped 263 bps in 2025, its largest moves.
• Union Pacific's Net Margin stood at 26.5% in 2022, then advanced by 1 bps to 26.82% in 2023, then rose by 7 bps to 28.79% in 2024, then increased by 6 bps to 30.37% in 2025, then dropped by 10 bps to 27.36% in 2026.
• The last three Net Margin figures came in at 27.36% (Q1 2026), 30.37% (Q4 2025), and 28.64% (Q3 2025), per Business Quant data.