Union Pacific (UNP) Operating Expenses (2009 - 2026)
Union Pacific (UNP) posted Operating Expenses of $4.1 billion for Q2 2026, up 9.1% sequentially from $3.8 billion in Q1 2026, and up 13.01% YoY from $3.6 billion in Q2 2025.
Union Pacific (UNP) Operating Expenses (2009 - 2026) Analysis & Trends
Union Pacific has reported Operating Expenses for 18 years, with the latest figure at $4.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 13.01% year-over-year to $4.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $15.2 billion (up 4.69% YoY) and the FY2025 annual result came in at $14.7 billion, up 0.87% from the prior year.
- Operating Expenses advanced to $4.1 billion in Q2 2026 per UNP's latest filing, from $3.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.1 billion in Q2 2026 and troughed at $3.5 billion in Q1 2022.
- A 5-year average of $3.7 billion and a median of $3.7 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses gained 25.49% in 2022, then slipped 4.3% in 2023.
- Over 5 years, Operating Expenses stood at $3.8 billion in 2022, then decreased by 0.42% to $3.8 billion in 2023, then declined by 4.16% to $3.6 billion in 2024, then rose by 2.45% to $3.7 billion in 2025, then climbed by 11.32% to $4.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.1 billion, $3.8 billion, and $3.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 181.93 Bn | 179.82 Bn | 6.50 Bn | 4.10 Bn |
| 2 | Csx | 95.45 Bn | 94.06 Bn | 3.29 Bn | 2.43 Bn |
| 3 | Canadian Pacific Kansas City | 85.48 Bn | 85.22 Bn | 2.92 Bn | 1.95 Bn |
| 4 | Canadian National Railway | 79.43 Bn | 79.43 Bn | - | 2.83 Bn |
| 5 | Norfolk Southern | 78.57 Bn | 77.50 Bn | - | 2.34 Bn |
| 6 | Westinghouse Air Brake Technologies | 50.19 Bn | 49.52 Bn | 1.16 Bn | 561.00 Mn |
| 7 | Trinity Industries | 2.36 Bn | 2.20 Bn | 109.90 Mn | 51.10 Mn |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 55.20 Mn |
| 9 | Foster L B | 395.10 Mn | 389.32 Mn | 30.87 Mn | 24.11 Mn |
| 10 | FreightCar America | 235.97 Mn | 171.68 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.10 Bn |
| Mar 31, 2026 | 3.76 Bn |
| Dec 31, 2025 | 3.68 Bn |
| Sep 30, 2025 | 3.70 Bn |
| Jun 30, 2025 | 3.63 Bn |
| Mar 31, 2025 | 3.66 Bn |
| Dec 31, 2024 | 3.60 Bn |
| Sep 30, 2024 | 3.68 Bn |
| Jun 30, 2024 | 3.61 Bn |
| Mar 31, 2024 | 3.66 Bn |
| Dec 31, 2023 | 3.75 Bn |
| Sep 30, 2023 | 3.76 Bn |
| Jun 30, 2023 | 3.76 Bn |
| Mar 31, 2023 | 3.76 Bn |
| Dec 31, 2022 | 3.77 Bn |
| Sep 30, 2022 | 3.93 Bn |
| Jun 30, 2022 | 3.77 Bn |
| Mar 31, 2022 | 3.48 Bn |
| Dec 31, 2021 | 3.29 Bn |
| Sep 30, 2021 | 3.13 Bn |