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

Union Pacific has disclosed Tax Rate across 18 years of filings, most recently posting 23.69% for Q1 2026.

• Tax Rate for Q1 2026 came in at 23.69%, up 13.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.17% (down 116.0% YoY), and the FY2025 annual result 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.
• The 5-year median for Tax Rate is 23.26% (2025), against an average of 22.75%.
• Across the five-year window, Tax Rate surged 353 bps in 2024 and plunged 450 bps in 2025, its largest moves.
• Union Pacific's Tax Rate stood at 24.55% in 2022, then declined by 1 bps to 24.36% in 2023, then declined by 7 bps to 22.75% in 2024, then rose by 2 bps to 23.26% in 2025, then grew by 2 bps to 23.69% in 2026.
• The last three Tax Rate figures came in at 23.69% (Q1 2026), 23.26% (Q4 2025), and 22.86% (Q3 2025), per Business Quant data.