Union Pacific (UNP) Net Margin (2009 - 2026)
Union Pacific's Net Margin came in at 28.85% for Q3 2026, up 0.21 percentage points from 28.64% a year earlier but down 0.19 percentage points from the prior quarter.
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Analysis
Union Pacific (UNP) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Union Pacific reported Net Margin of 28.90%, up 0.17 percentage points year-over-year; for FY2025, it came in at 29.12%, up 1.30 percentage points from FY2024.
- Net Margin carries a five-year change of +1.74 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 27.82% in FY2024 (+1.37 pp), 26.45% in FY2023 (-1.68 pp), 28.13% in FY2022 (-1.78 pp) and 29.92% in FY2021 (+2.53 pp).
- The five-year range for quarterly Net Margin is 25.72% (Q3 2023) to 30.48% (Q2 2025).
- Year-over-year, Net Margin increased in six of the last eight quarters, with an average year-over-year change of +0.79 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2021 (a gain of 3.00 percentage points), and the weakest in Q2 2022 (a drop of 3.40 percentage points).
- Business Quant data shows UNP's Net Margin at 29.04% (Q2 2026), 27.36% (Q1 2026) and 30.37% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 28.85% |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 26.19% |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 5.09% |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 21.73% |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 6.39% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 21.53% |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 3.75% |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 5.76% |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 21.61% |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 36.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.85% |
| Jun 30, 2026 | 29.04% |
| Mar 31, 2026 | 27.36% |
| Dec 31, 2025 | 30.37% |
| Sep 30, 2025 | 28.64% |
| Jun 30, 2025 | 30.48% |
| Mar 31, 2025 | 26.98% |
| Sep 30, 2024 | 27.43% |
| Jun 30, 2024 | 27.85% |
| Mar 31, 2024 | 27.21% |
| Sep 30, 2023 | 25.72% |
| Jun 30, 2023 | 26.31% |
| Mar 31, 2023 | 26.92% |
| Sep 30, 2022 | 28.86% |
| Jun 30, 2022 | 29.27% |
| Mar 31, 2022 | 27.82% |
| Dec 31, 2021 | 29.84% |
| Sep 30, 2021 | 30.06% |
| Jun 30, 2021 | 32.67% |
| Mar 31, 2021 | 26.81% |
API Access
Union Pacific Net Margin 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=net-margin&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();