Union Pacific (UNP) Shares Outstanding (2009 - 2026)
Union Pacific (UNP) reported Shares Outstanding of 593.4 million for Q2 2026, down 0.1% from 594.1 million a year earlier but up 0.1% from the prior quarter.
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Analysis
Union Pacific (UNP) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Union Pacific posted Shares Outstanding of 595 million, down 2.1% from FY2024.
- Shares Outstanding has declined for 16 consecutive years, with a five-year compound annual growth rate of -2.6% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 607.6 million in FY2024 (-0.3%), 609.2 million in FY2023 (-2.2%), 622.7 million in FY2022 (-4.8%) and 653.8 million in FY2021 (-3.5%).
- Five-year quarterly Shares Outstanding spans a low of 592.4 million in Q3 2025 and a high of 653.8 million in Q4 2021.
- Year over year, Shares Outstanding has now declined in each of the last eight quarters, with an average decline of 1.3% over the last eight quarters.
- The high point for year-over-year Shares Outstanding in five years was Q2 2024 (growth of 0.1%); the low point was Q1 2022 (a decline of 5.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 593 million (Q1 2026), 595 million (Q4 2025) and 592.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 593.40 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 1.86 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 886.40 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 851.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 224.60 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 237.00 Mn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 654.00 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 207.66 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 527.75 Mn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | 949.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 593.40 Mn |
| Mar 31, 2026 | 593.00 Mn |
| Dec 31, 2025 | 595.00 Mn |
| Sep 30, 2025 | 592.40 Mn |
| Jun 30, 2025 | 594.10 Mn |
| Mar 31, 2025 | 601.00 Mn |
| Dec 31, 2024 | 607.60 Mn |
| Sep 30, 2024 | 607.60 Mn |
| Jun 30, 2024 | 609.40 Mn |
| Mar 31, 2024 | 609.20 Mn |
| Dec 31, 2023 | 609.20 Mn |
| Sep 30, 2023 | 608.70 Mn |
| Jun 30, 2023 | 608.70 Mn |
| Mar 31, 2023 | 610.60 Mn |
| Dec 31, 2022 | 622.70 Mn |
| Sep 30, 2022 | 620.40 Mn |
| Jun 30, 2022 | 625.60 Mn |
| Mar 31, 2022 | 632.20 Mn |
| Dec 31, 2021 | 653.80 Mn |
| Sep 30, 2021 | 648.70 Mn |
API Access
Union Pacific Shares Outstanding 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=shares-outstanding&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();