Union Pacific (UNP) Operating Income (2009 - 2026)
Union Pacific's Operating Income was $2.94 billion in Q3 2026, up 15.5% from $2.55 billion a year earlier and up 6.5% from the prior quarter.
Powered by 
Analysis
Union Pacific (UNP) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Union Pacific's Operating Income was $10.57 billion through Sep 30, 2026, up 6.0% year-over-year; for FY2025, it came in at $9.85 billion, up 1.4% from FY2024.
- Operating Income shows a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- In earlier years, Operating Income was $9.71 billion in FY2024 (+6.9%), $9.08 billion in FY2023 (-8.4%), $9.92 billion in FY2022 (+6.2%) and $9.34 billion in FY2021 (+19.2%).
- The Q3 2026 figure marks the highest quarterly Operating Income in data going back to Q1 2009.
- Compared with a year earlier, Operating Income has increased for three straight quarters, with growth averaging 4.9% over the last eight quarters.
- The best year-over-year quarter for Operating Income over five years was Q4 2021 (growth of 21.6%); the worst was Q3 2023 (a decline of 17.3%).
- Per Business Quant data, UNP's Operating Income in the three quarters before Q3 2026 was $2.76 billion (Q2 2026), $2.46 billion (Q1 2026) and $2.4 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 2.94 Bn |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 1.57 Bn |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 1.74 Bn |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 1.06 Bn |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 1.55 Bn |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 1.15 Bn |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 1.45 Bn |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 1.45 Bn |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 452.65 Mn |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.94 Bn |
| Jun 30, 2026 | 2.76 Bn |
| Mar 31, 2026 | 2.46 Bn |
| Dec 31, 2025 | 2.40 Bn |
| Sep 30, 2025 | 2.55 Bn |
| Jun 30, 2025 | 2.53 Bn |
| Mar 31, 2025 | 2.37 Bn |
| Dec 31, 2024 | 2.53 Bn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 2.40 Bn |
| Mar 31, 2024 | 2.37 Bn |
| Dec 31, 2023 | 2.41 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 2.20 Bn |
| Mar 31, 2023 | 2.29 Bn |
| Dec 31, 2022 | 2.41 Bn |
| Sep 30, 2022 | 2.63 Bn |
| Jun 30, 2022 | 2.50 Bn |
| Mar 31, 2022 | 2.38 Bn |
| Dec 31, 2021 | 2.44 Bn |
API Access
Union Pacific Operating Income 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=operating-income&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();