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UNION PACIFIC CORP

LISTEDNYSE

SYMBOLUNP

SIC4011

STATE OF INC.UT

FISCAL YEAR ENDSDecember 31

CIK100885

RAILROADS, LINE-HAUL OPERATING · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	31,814	63.3
Stockholders' equity	18,467	36.7
Total capitalization	50,281	100.0

594,075,498 shares outstanding at 17 July 2026 (cover page of the 10-Q filed 23 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	31,814
Long-term debt, noncurrent	30,294
Current maturities	1,520
Short-term borrowings / commercial paper	0

CAPITAL STOCK 12/31/25

Common shares authorized	1,400,000,000
Common shares issued	1,113,161,191
Par or stated value per share ($)	2.5
Outstanding at 7/17/26	594,075,498

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	5.44	45.4
2024	5.28	47.6
2023	5.20	49.8
2022	5.08	45.3
2021	4.29	43.1

HISTORY AND BUSINESS

HISTORY: Incorporated in Utah.

BUSINESS: Classified by the SEC under Standard Industrial Classification 4011, Railroads, Line-Haul Operating. Large accelerated filer. Principal executive office: 1400 Douglas Street, Stop 0310, Omaha, NE 68179. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Revenues	24,510	24,250	24,119
Depreciation and amortization	2,465	2,398	2,318
Operating income	9,846	9,713	9,082
Interest expense	1,309	1,269	1,340
Income before income taxes	9,166	8,794	8,233
Income taxes	2,028	2,047	1,854
Net income	7,138	6,747	6,379
Earned per share, diluted ($)	11.98	11.09	10.45
Dividends per share ($)	5.44	5.28	5.20

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	1,266	1,016
Receivables, net	1,860	1,894
Total current assets	4,555	4,021
Property, plant and equipment, net	59,645	58,343
Total assets	69,698	67,715
Total current liabilities	5,014	5,254
Long-term debt	30,294	29,767
Total liabilities	51,231	50,825
Stockholders' equity	18,467	16,890
Total liabilities and equity	69,698	67,715

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	24,510	9,846	7,138	29.1	11.98	5.44	9,290	3,791	5,499	69,698	51,231	31,814	18,467	38.7	1.72
12/31/24	24,250	9,713	6,747	27.8	11.09	5.28	9,346	3,452	5,894	67,715	50,825	31,192	16,890	39.9	1.85
12/31/23	24,119	9,082	6,379	26.4	10.45	5.20	8,379	3,606	4,773	67,132	52,344	32,579	14,788	43.1	2.20
12/31/22	24,875	9,917	6,998	28.1	11.21	5.08	9,362	3,620	5,742	65,449	53,286	33,526	12,163	57.5	2.76
12/31/21	21,804	9,338	6,523	29.9	9.95	4.29	9,032	2,936	6,096	63,525	49,364	30,129	14,161	46.1	2.13
12/31/20	19,533	7,834	5,349	27.4	7.88	3.88	8,540	2,927	5,613	62,398	45,440	26,804	16,958	31.5	1.58
12/31/19	21,708	8,554	5,919	27.3	8.38	3.70	8,609	3,453	5,156	61,673	43,545	25,400	18,128	32.7	1.40
12/31/18	22,832	8,517	5,966	26.1	7.91	3.06	8,686	3,437	5,249	59,147	38,724	22,591	20,423	29.2	1.11
12/31/17	21,240	8,106	10,712	50.4	13.36	2.48	7,230	3,238	3,992	57,806	32,950	16,944	24,856	43.1	0.68
12/31/16	19,941	7,243	4,233	21.2	5.07	2.25	7,525	3,505	4,020	55,718	35,786	15,007	19,932	21.2	0.75

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

UNION PACIFIC CORP
CIK 100885 · EIN 13-2626465

PRINCIPAL OFFICE:

1400 Douglas Street, Stop 0310, Omaha, NE 68179
Tel.: 402 544 6763

INCORPORATED:

Utah

INDUSTRY (SEC SIC CODE):

4011 · Railroads, Line-Haul Operating

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 6 February 2026

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/23/26	10-Q	period 6/30/26
7/23/26	8-K	period 7/23/26
5/18/26	8-K	period 5/14/26
4/23/26	10-Q	period 3/31/26
4/23/26	8-K	period 4/23/26
3/25/26	DEF 14A	period 5/14/26
2/6/26	10-K	period 12/31/25
1/27/26	8-K	period 1/27/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/6/26) · 10-K FY2024 (filed 2/7/25) · 10-K FY2023 (filed 2/9/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/4/22) · 10-K FY2020 (filed 2/5/21) · 10-K FY2019 (filed 2/7/20) · 10-K FY2018 (filed 2/8/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.