Union Pacific (UNP) Shares Outstanding (Diluted Average) (2009 - 2026)

Union Pacific has disclosed Shares Outstanding (Diluted Average) across 10 years of filings, most recently posting $593.6 million for Q1 2026.

• Shares Outstanding (Diluted Average) for Q1 2026 came in at $593.6 million, down 1.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $593.6 million (down 1.38% YoY), and the FY2025 annual result was $595.9 million, down 2.09% from the prior year.
• Shares Outstanding (Diluted Average) came in at $593.6 million for Q1 2026 at Union Pacific, roughly flat from $595.9 million in the prior quarter.
• In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $633.6 million in Q1 2022 to a low of $593.2 million in Q3 2025.
• The 5-year median for Shares Outstanding (Diluted Average) is $610.2 million (2023), against an average of $610.1 million.
• Across the five-year window, Shares Outstanding (Diluted Average) decreased 5.32% in 2022 and grew 0.13% in 2024, its largest moves.
• Union Pacific's Shares Outstanding (Diluted Average) stood at $624.0 million in 2022, then decreased by 2.21% to $610.2 million in 2023, then decreased by 0.26% to $608.6 million in 2024, then decreased by 2.09% to $595.9 million in 2025, then slipped by 0.39% to $593.6 million in 2026.
• The last three Shares Outstanding (Diluted Average) figures came in at $593.6 million (Q1 2026), $595.9 million (Q4 2025), and $593.2 million (Q3 2025), per Business Quant data.