Union Pacific (UNP) Operating Margin (2009 - 2026)
Union Pacific recorded quarterly Operating Margin of 39.54% in Q1 2026, little changed quarter-over-quarter from 39.46% in Q4 2025, and up 20.0% year-over-year from 32.95% in Q1 2025.
Union Pacific's Operating Margin history runs 18 years deep, the most recent figure standing at 39.54% for Q1 2026.
- In Q1 2026, Operating Margin rose 20.0% year-over-year to 39.54%; the TTM figure through Mar 2026 stood at 40.21% (up 16.0% YoY), while the FY2025 annual figure was 40.17%, up 12.0% from the prior year.
- Operating Margin came in at 39.54% for Q1 2026 at Union Pacific, roughly flat from 39.46% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 41.25% in Q4 2024 to a low of 36.64% in Q3 2023.
- A 5-year average of 39.44% and a median of 39.54% in 2026 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 513 bps in 2022 and jumped 302 bps in 2024, its largest moves.
- Union Pacific's Operating Margin stood at 39.03% in 2022, then advanced by 0 bps to 39.08% in 2023, then increased by 6 bps to 41.25% in 2024, then fell by 4 bps to 39.46% in 2025, then increased by 0 bps to 39.54% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 39.54%, 39.46%, and 40.82% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.54% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 40.82% |
| Jun 30, 2025 | 41.03% |
| Mar 31, 2025 | 39.34% |
| Dec 31, 2024 | 41.25% |
| Sep 30, 2024 | 39.67% |
| Jun 30, 2024 | 39.95% |
| Mar 31, 2024 | 39.33% |
| Dec 31, 2023 | 39.08% |
| Sep 30, 2023 | 36.64% |
| Jun 30, 2023 | 36.96% |
| Mar 31, 2023 | 37.88% |
| Dec 31, 2022 | 39.03% |
| Sep 30, 2022 | 40.10% |
| Jun 30, 2022 | 39.80% |
| Mar 31, 2022 | 40.56% |
| Dec 31, 2021 | 42.56% |
| Sep 30, 2021 | 43.69% |
| Jun 30, 2021 | 44.93% |
| Mar 31, 2021 | 39.85% |
| Dec 31, 2020 | 39.02% |
| Sep 30, 2020 | 44.19% |
| Jun 30, 2020 | 38.97% |
| Mar 31, 2020 | 43.91% |
| Dec 31, 2019 | 40.29% |
| Sep 30, 2019 | 40.50% |
| Jun 30, 2019 | 40.39% |
| Mar 31, 2019 | 36.40% |
| Dec 31, 2018 | 38.39% |
| Sep 30, 2018 | 38.28% |
| Jun 30, 2018 | 37.01% |
| Mar 31, 2018 | 35.42% |
| Dec 31, 2017 | 41.23% |
| Sep 30, 2017 | 38.33% |
| Jun 30, 2017 | 38.06% |
| Mar 31, 2017 | 34.84% |
| Dec 31, 2016 | 38.02% |
| Sep 30, 2016 | 37.88% |
| Jun 30, 2016 | 34.80% |
| Mar 31, 2016 | 34.93% |
| Dec 31, 2015 | 36.83% |
| Sep 30, 2015 | 39.70% |
| Jun 30, 2015 | 35.90% |
| Mar 31, 2015 | 35.22% |
| Dec 31, 2014 | 38.57% |
| Sep 30, 2014 | 37.69% |
| Jun 30, 2014 | 36.51% |
| Mar 31, 2014 | 32.88% |
| Dec 31, 2013 | 35.04% |
| Sep 30, 2013 | 35.21% |
| Jun 30, 2013 | 34.33% |
| Mar 31, 2013 | 30.87% |
| Dec 31, 2012 | 32.86% |
| Sep 30, 2012 | 33.43% |
| Jun 30, 2012 | 33.02% |
| Mar 31, 2012 | 29.54% |
| Dec 31, 2011 | 31.66% |
| Sep 30, 2011 | 30.94% |
| Jun 30, 2011 | 28.65% |
| Mar 31, 2011 | 25.32% |
| Dec 31, 2010 | 29.77% |
| Sep 30, 2010 | 31.78% |
| Jun 30, 2010 | 30.58% |
| Mar 31, 2010 | 24.92% |
| Dec 31, 2009 | 26.61% |
| Sep 30, 2009 | 26.18% |
| Jun 30, 2009 | 22.65% |
| Mar 31, 2009 | 19.65% |