KPIs & Operating Metrics(New)
Growth Metrics

Union Pacific (UNP) Tax Rate (2009 - 2026)

Union Pacific recorded quarterly Tax Rate of 23.69% in Q1 2026, up 1.86% quarter-over-quarter from 23.26% in Q4 2025, and up 13.0% year-over-year from 20.96% in Q1 2025.

Union Pacific's Tax Rate history runs 18 years deep, the most recent figure standing at 23.69% for Q1 2026.

  • In Q1 2026, Tax Rate rose 13.0% year-over-year to 23.69%; the TTM figure through Mar 2026 stood at 22.17% (down 116.0% YoY), while the FY2025 annual figure was 22.13%, down 115.0% from the prior year.
  • Tax Rate came in at 23.69% for Q1 2026 at Union Pacific, up from 23.26% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.55% in Q4 2022 to a low of 18.89% in Q2 2025.
  • A 5-year average of 22.75% and a median of 23.26% in 2025 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate soared 353 bps in 2024 and tumbled 450 bps in 2025, its largest moves.
  • Union Pacific's Tax Rate stood at 24.55% in 2022, then fell by 1 bps to 24.36% in 2023, then fell by 7 bps to 22.75% in 2024, then gained by 2 bps to 23.26% in 2025, then increased by 2 bps to 23.69% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 23.69%, 23.26%, and 22.86% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Historic Data

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DateValue
Mar 31, 2026 23.69
Mar 31, 2026 23.69
Dec 31, 2025 23.26
Dec 31, 2025 23.26
Sep 30, 2025 22.86
Sep 30, 2025 22.86
Jun 30, 2025 18.89
Jun 30, 2025 18.89
Mar 31, 2025 23.55
Mar 31, 2025 23.55
Dec 31, 2024 22.75
Dec 31, 2024 22.75
Sep 30, 2024 23.66
Sep 30, 2024 23.66
Jun 30, 2024 23.40
Jun 30, 2024 23.40
Mar 31, 2024 23.32
Mar 31, 2024 23.32
Dec 31, 2023 24.36
Dec 31, 2023 24.36
Sep 30, 2023 21.60
Sep 30, 2023 21.60
Jun 30, 2023 19.87
Jun 30, 2023 19.87
Mar 31, 2023 23.90
Mar 31, 2023 23.90
Dec 31, 2022 24.55
Dec 31, 2022 24.55
Sep 30, 2022 22.40
Sep 30, 2022 22.40
Jun 30, 2022 21.65
Jun 30, 2022 21.65
Mar 31, 2022 23.00
Mar 31, 2022 23.00
Dec 31, 2021 23.20
Dec 31, 2021 23.20
Sep 30, 2021 23.26
Sep 30, 2021 23.26
Jun 30, 2021 22.37
Jun 30, 2021 22.37
Mar 31, 2021 23.55
Mar 31, 2021 23.55
Dec 31, 2020 4.07
Dec 31, 2020 4.07
Sep 30, 2020 23.12
Sep 30, 2020 23.12
Jun 30, 2020 24.33
Jun 30, 2020 24.33
Mar 31, 2020 23.15
Mar 31, 2020 23.15
Dec 31, 2019 25.29
Dec 31, 2019 25.29
Sep 30, 2019 23.06
Sep 30, 2019 23.06
Jun 30, 2019 23.71
Jun 30, 2019 23.71
Mar 31, 2019 22.29
Mar 31, 2019 22.29
Dec 31, 2018 22.92
Dec 31, 2018 22.92
Sep 30, 2018 23.27
Sep 30, 2018 23.27
Jun 30, 2018 22.14
Jun 30, 2018 22.14
Mar 31, 2018 23.44
Mar 31, 2018 23.44
Dec 31, 2017 -247.90
Dec 31, 2017 -247.90
Sep 30, 2017 39.79
Sep 30, 2017 39.79
Jun 30, 2017 37.51
Jun 30, 2017 37.51
Mar 31, 2017 36.49
Mar 31, 2017 36.49
Dec 31, 2016 37.52
Dec 31, 2016 37.52
Sep 30, 2016 37.34
Sep 30, 2016 37.34
Jun 30, 2016 37.40
Jun 30, 2016 37.40
Mar 31, 2016 37.48
Mar 31, 2016 37.48
Dec 31, 2015 37.32
Dec 31, 2015 37.32
Sep 30, 2015 37.53
Sep 30, 2015 37.53
Jun 30, 2015 37.87
Jun 30, 2015 37.87
Mar 31, 2015 37.95
Mar 31, 2015 37.95
Dec 31, 2014 -1.22
Dec 31, 2014 -1.22
Sep 30, 2014 37.90
Sep 30, 2014 37.90
Jun 30, 2014 37.93
Jun 30, 2014 37.93
Mar 31, 2014 38.15
Mar 31, 2014 38.15
Dec 31, 2013 -0.74
Dec 31, 2013 -0.74
Sep 30, 2013 37.85
Sep 30, 2013 37.85
Jun 30, 2013 37.44
Jun 30, 2013 37.44
Mar 31, 2013 38.06
Mar 31, 2013 38.06
Dec 31, 2012 -17.26
Dec 31, 2012 -17.26
Sep 30, 2012 37.87
Sep 30, 2012 37.87
Jun 30, 2012 37.76
Jun 30, 2012 37.76
Mar 31, 2012 37.96
Mar 31, 2012 37.96
Dec 31, 2011 -27.45
Dec 31, 2011 -27.45
Sep 30, 2011 37.78
Sep 30, 2011 37.78
Jun 30, 2011 38.19
Jun 30, 2011 38.19
Mar 31, 2011 36.80
Mar 31, 2011 36.80
Dec 31, 2010 -22.63
Dec 31, 2010 -22.63
Sep 30, 2010 38.88
Sep 30, 2010 38.88
Jun 30, 2010 37.96
Jun 30, 2010 37.96
Mar 31, 2010 38.13
Mar 31, 2010 38.13
Dec 31, 2009 36.82
Dec 31, 2009 36.82
Sep 30, 2009 37.24
Sep 30, 2009 37.24
Jun 30, 2009 36.41
Jun 30, 2009 36.41
Mar 31, 2009 34.54
Mar 31, 2009 34.54