Union Pacific (UNP) Operating Leases (2019 - 2026)

Union Pacific's (UNP) quarterly Operating Leases came in at $619.0 million in Q1 2026, down 18.34% year-on-year from $758.0 million in Q1 2025, and down 16.12% quarter-over-quarter from $738.0 million in Q4 2025.

Union Pacific (UNP) Operating Leases (2019 - 2026) Analysis & Trends

Union Pacific has disclosed Operating Leases across 8 years of filings, most recently posting $619.0 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $619.0 million, down 18.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $619.0 million (down 18.34% YoY), and the FY2025 annual result was $738.0 million, down 20.22% from the prior year.
  • Operating Leases came in at $619.0 million for Q1 2026 at Union Pacific, down from $738.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $1.3 billion in Q3 2022 to a low of $619.0 million in Q1 2026.
  • The 5-year median for Operating Leases is $1.0 billion (2024), against an average of $1.0 billion.
  • Across the five-year window, Operating Leases rose 10.25% in 2022 and slipped 25.7% in 2024, its largest moves.
  • Union Pacific's Operating Leases stood at $1.3 billion in 2022, then retreated by 4.23% to $1.2 billion in 2023, then retreated by 25.7% to $925.0 million in 2024, then decreased by 20.22% to $738.0 million in 2025, then slipped by 16.12% to $619.0 million in 2026.
  • The last three Operating Leases figures came in at $619.0 million (Q1 2026), $738.0 million (Q4 2025), and $764.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Union Pacific 152.26 Bn 151.22 Bn 5.85 Bn
2 Csx 84.99 Bn 83.89 Bn 3.18 Bn
3 Norfolk Southern 67.33 Bn 65.99 Bn 2.74 Bn
4 Canadian Pacific Kansas City 56.27 Bn 56.68 Bn 2.36 Bn
5 Westinghouse Air Brake Technologies 46.65 Bn 46.16 Bn 1.06 Bn
6 Trinity Industries 2.76 Bn 2.82 Bn 128.90 Mn
7 Greenbrier Companies 1.54 Bn 1.05 Bn 69.50 Mn
8 Foster L B 438.47 Mn 435.35 Mn 25.70 Mn
9 Rail Vision 179.83 Mn 159.33 Mn 504,000.00
10 FreightCar America 178.32 Mn 114.02 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 619.00 Mn
Dec 31, 2025 738.00 Mn
Sep 30, 2025 764.00 Mn
Jun 30, 2025 831.00 Mn
Mar 31, 2025 758.00 Mn
Dec 31, 2024 925.00 Mn
Sep 30, 2024 934.00 Mn
Jun 30, 2024 988.00 Mn
Mar 31, 2024 1.02 Bn
Dec 31, 2023 1.25 Bn
Sep 30, 2023 1.24 Bn
Jun 30, 2023 1.22 Bn
Mar 31, 2023 1.23 Bn
Dec 31, 2022 1.30 Bn
Sep 30, 2022 1.30 Bn
Jun 30, 2022 1.30 Bn
Mar 31, 2022 1.29 Bn
Dec 31, 2021 1.43 Bn
Sep 30, 2021 1.26 Bn
Jun 30, 2021 1.26 Bn