Union Pacific (UNP) Rent Expense (2009 - 2026)
Union Pacific (UNP) posted Rent Expense of $214 million for Q2 2026, down 7.0% from $230 million a year earlier and down 2.3% from the prior quarter.
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Analysis
Union Pacific (UNP) Rent Expense (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Rent Expense at Union Pacific was $874 million, down 8.6% year-over-year; for FY2025, it was $912 million, down 0.9% from FY2024.
- Annual Rent Expense shows a five-year compound annual growth rate of 0.8% (FY2020 to FY2025).
- In prior years, Union Pacific's Rent Expense was $920 million in FY2024 (-2.9%), $947 million in FY2023 (+5.5%), $898 million in FY2022 (+4.5%) and $859 million in FY2021 (-1.8%).
- Quarterly Rent Expense has run from a low of $212 million in Q3 2025 to a high of $248 million in Q4 2024 over five years.
- On a year-over-year basis, Rent Expense has declined in each of the last four quarters, with an average decline of 1.1% over the last eight quarters.
- The strongest year-over-year quarter for Rent Expense in the past five years was Q2 2022, with growth of 15.0%; the weakest was Q2 2024, with a decline of 11.7%.
- According to Business Quant data, Rent Expense for the three prior quarters was $219 million (Q1 2026), $229 million (Q4 2025) and $212 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 214.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 97.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.25 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | - |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 214.00 Mn |
| Mar 31, 2026 | 219.00 Mn |
| Dec 31, 2025 | 229.00 Mn |
| Sep 30, 2025 | 212.00 Mn |
| Jun 30, 2025 | 230.00 Mn |
| Mar 31, 2025 | 241.00 Mn |
| Dec 31, 2024 | 248.00 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Jun 30, 2024 | 219.00 Mn |
| Mar 31, 2024 | 216.00 Mn |
| Dec 31, 2023 | 229.00 Mn |
| Sep 30, 2023 | 235.00 Mn |
| Jun 30, 2023 | 248.00 Mn |
| Mar 31, 2023 | 235.00 Mn |
| Dec 31, 2022 | 238.00 Mn |
| Sep 30, 2022 | 215.00 Mn |
| Jun 30, 2022 | 230.00 Mn |
| Mar 31, 2022 | 215.00 Mn |
| Dec 31, 2021 | 230.00 Mn |
| Sep 30, 2021 | 217.00 Mn |
API Access
Union Pacific Rent Expense 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=rent-expense&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "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=rent-expense&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();