Union Pacific (UNP) Return on Equity [ROE] (2009 - 2026)
Union Pacific's Return on Equity [ROE] came in at 35.69% for Q3 2026, down 6.33 percentage points from 42.02% a year earlier and down 0.88 percentage points from the prior quarter.
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Analysis
Union Pacific (UNP) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Union Pacific's Return on Equity [ROE] was 40.38%, down 2.22 percentage points from FY2024.
- Return on Equity [ROE] has declined in each of the last three years, though with a five-year change of +9.89 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 42.60% in FY2024 (-4.74 pp), 47.34% in FY2023 (-5.83 pp), 53.17% in FY2022 (+11.25 pp) and 41.92% in FY2021 (+11.43 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Equity [ROE] since Q1 2021.
- Year-over-year, Return on Equity [ROE] has declined for four consecutive quarters, with an average year-over-year change of -2.07 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q1 2022 (a gain of 20.87 percentage points), and the weakest in Q1 2024 (a drop of 14.89 percentage points).
- Business Quant data shows UNP's Return on Equity [ROE] at 36.57% (Q2 2026), 38.08% (Q1 2026) and 39.91% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - | 35.69% |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - | 25.37% |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn | 29.36% |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn | 8.38% |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn | 14.43% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 16.28% |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - | 15.25% |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn | 25.21% |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - | 20.76% |
| 10 | Ryanair Holdings | 30.13 Bn | 14.39 Bn | - | 15.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.69% |
| Jun 30, 2026 | 36.57% |
| Mar 31, 2026 | 38.08% |
| Dec 31, 2025 | 39.91% |
| Sep 30, 2025 | 41.48% |
| Jun 30, 2025 | 42.39% |
| Mar 31, 2025 | 40.15% |
| Sep 30, 2024 | 39.39% |
| Jun 30, 2024 | 39.88% |
| Mar 31, 2024 | 41.82% |
| Sep 30, 2023 | 48.69% |
| Jun 30, 2023 | 54.03% |
| Mar 31, 2023 | 56.79% |
| Sep 30, 2022 | 57.83% |
| Jun 30, 2022 | 55.67% |
| Mar 31, 2022 | 52.28% |
| Dec 31, 2021 | 46.46% |
| Sep 30, 2021 | 43.88% |
| Jun 30, 2021 | 38.50% |
| Mar 31, 2021 | 31.41% |
API Access
Union Pacific Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();