Union Pacific Corp (UNP) Operating Leases (2019 - 2026)
Union Pacific (UNP) posted Operating Leases of $609 million for Q2 2026, down 26.7% from $831 million a year earlier and down 1.6% from the prior quarter.
Union Pacific Corp (UNP) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Union Pacific's Operating Leases came in at $738 million, down 20.2% from FY2024.
- Annual Operating Leases has declined for four consecutive years, with a five-year compound annual growth rate of -10.5% (FY2020 to FY2025).
- In prior years, Union Pacific's Operating Leases was $925 million in FY2024 (-25.7%), $1.25 billion in FY2023 (-4.2%), $1.3 billion in FY2022 (-9.0%) and $1.43 billion in FY2021 (+11.4%).
- The Q2 2026 figure stands as the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined in each of the last 15 quarters, with an average decline of 21.9% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q4 2021, with growth of 11.4%; the weakest was Q2 2026, with a decline of 26.7%.
- According to Business Quant data, Operating Leases for the three prior quarters was $619 million (Q1 2026), $738 million (Q4 2025) and $764 million (Q3 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 609.00 Mn |
| 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 |
Union Pacific Corp Operating Leases 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-leases&ticker=UNP&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();