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

Union Pacific (UNP) posted Tax Rate of 22.0% for Q2 2026, down 7.14% sequentially from 23.69% in Q1 2026, and up 310.0% YoY from 5.36% in Q2 2025.

Union Pacific (UNP) Tax Rate (2009 - 2026) Analysis & Trends

Union Pacific has reported Tax Rate for 18 years, with the latest figure at 22.0% in Q2 2026.

Quarterly Tax Rate rose 310.0% year-over-year to 22.0% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.92% (up 76.0% YoY) and the FY2025 annual result came in at 22.13%, down 115.0% from the prior year.
Tax Rate eased to 22.0% in Q2 2026 per UNP's latest filing, from 23.69% in the prior quarter.
Over five years, Tax Rate peaked at 24.55% in Q4 2022 and troughed at 18.89% in Q2 2025.
A 5-year average of 22.71% and a median of 23.13% in 2025 frame the typical range for Tax Rate.
The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 353 bps in 2024, then plunged 450 bps in 2025.
Over 5 years, Tax Rate stood at 24.55% in 2022, then retreated by 1 bps to 24.36% in 2023, then retreated by 7 bps to 22.75% in 2024, then advanced by 2 bps to 23.26% in 2025, then decreased by 5 bps to 22.0% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 22.0%, 23.69%, and 23.26% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Union Pacific	182.58 Bn	180.47 Bn	6.50 Bn	22.00%
2	Csx	95.72 Bn	94.33 Bn	3.29 Bn	24.09%
3	Canadian Pacific Kansas City	85.71 Bn	85.44 Bn	2.92 Bn	24.65%
4	Canadian National Railway	79.38 Bn	79.38 Bn	-	-24.65%
5	Norfolk Southern	78.72 Bn	77.65 Bn	-	23.46%
6	Westinghouse Air Brake Technologies	50.38 Bn	49.71 Bn	1.16 Bn	23.55%
7	Trinity Industries	2.37 Bn	2.21 Bn	109.90 Mn	23.73%
8	Greenbrier Companies	1.43 Bn	1.15 Bn	81.10 Mn	19.48%
9	Foster L B	392.93 Mn	387.15 Mn	30.87 Mn	42.85%
10	FreightCar America	235.01 Mn	170.72 Mn	-	-

Download Data