Capital Expenditures for Union Pacific (UNP)
According to Union Pacific's latest reported financial statements, the company's current capital expenditures (TTM) is $3.82B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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Latest period
$3.82B
YoY change
+9.8%
5Y CAGR
+5.3%
Peak year (2015)
$4.65B
Cumulative capital expenditures
$92.97B
CapEx history chart for Union Pacific (UNP) from 1989 to 2025
CapEx history table for Union Pacific (UNP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.79B | +9.8% | ||
| 2024 | $3.45B | -4.3% | ||
| 2023 | $3.61B | -0.4% | ||
| 2022 | $3.62B | +23.3% | ||
| 2021 | $2.94B | +0.3% | ||
| 2020 | $2.93B | -15.2% | ||
| 2019 | $3.45B | +0.5% | ||
| 2018 | $3.44B | +5.5% | ||
| 2017 | $3.26B | -7.1% | ||
| 2016 | $3.50B | -24.6% | ||
| 2015 | $4.65B | +7.0% | ||
| 2014 | $4.35B | +24.3% | ||
| 2013 | $3.50B | -6.5% | ||
| 2012 | $3.74B | +14.6% | ||
| 2011 | $3.26B | +31.4% | ||
| 2010 | $2.48B | +2382.0% | ||
| 2009 | $100.00M | -96.8% | ||
| 2008 | $3.17B | +1.6% | ||
| 2007 | $3.12B | +12.2% | ||
| 2006 | $2.78B | +28.1% | ||
| 2005 | $2.17B | +15.6% | ||
| 2004 | $1.88B | +7.1% | ||
| 2003 | $1.75B | -7.2% | ||
| 2002 | $1.89B | +20.0% | ||
| 2001 | $1.57B | -11.8% | ||
| 2000 | $1.78B | -2.8% | ||
| 1999 | $1.83B | -13.1% | ||
| 1998 | $2.11B | +0.5% | ||
| 1997 | $2.10B | +54.5% | ||
| 1996 | $1.36B | +28.5% | ||
| 1995 | $1.06B | -33.8% | ||
| 1994 | $1.60B | +1.5% | ||
| 1993 | $1.57B | +0.4% | ||
| 1992 | $1.57B | +27.3% | ||
| 1991 | $1.23B | +2.1% | ||
| 1990 | $1.21B | +2.7% | ||
| 1989 | $1.17B | — |
CapEx values are taken from Union Pacific's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Union Pacific (UNP) reported capital expenditures of $3.79B – grew 9.8% year-over-year.
Through 2020–2025 (5 years), Union Pacific capital expenditures delivered a +5.3% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2015 and 2025, Union Pacific capital expenditures declined 18.5%, falling from $4.65B to $3.79B.
$4.65B stands as the all-time-high annual capital expenditures, posted in 2015, against a low of $100.00M during 2009.
Union Pacific (UNP) sits 2nd of 8 Industrials peers we track on this metric, against a peer median of $1.37B.
Union Pacific Capital Expenditures by Year
Union Pacific Capital Expenditures 2025: $3.79B
Union Pacific capital expenditures in 2025 was $3.79B, grew 9.8% from 2024.
Union Pacific Capital Expenditures 2024: $3.45B
Union Pacific capital expenditures in 2024 was $3.45B, edged down 4.3% below 2023.
Union Pacific Capital Expenditures 2023: $3.61B
Union Pacific capital expenditures in 2023 was $3.61B, edged down 0.4% below 2022.
Union Pacific Capital Expenditures 2022: $3.62B
Union Pacific capital expenditures in 2022 was $3.62B, grew 23.3% from 2021.
Union Pacific Capital Expenditures 2021: $2.94B
Union Pacific capital expenditures in 2021 was $2.94B.
See more financial history for Union Pacific (UNP).
Sector peers — CapEx
Companies in the same sector as Union Pacific, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Parker-Hannifin Corporation (PH) | $435.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Union Pacific's capital expenditures?
- Latest reported capital expenditures for Union Pacific (UNP) is $3.82B (period ending March 31, 2026).
How has Union Pacific capital expenditures changed year-over-year?
- Union Pacific (UNP) capital expenditures changed +9.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Union Pacific capital expenditures?
- Union Pacific (UNP) capital expenditures compound annual growth rate is +5.3% over the most recent 5 years available.
When did Union Pacific capital expenditures hit its highest annual value?
- Union Pacific capital expenditures reached its highest annual value of $4.65B in 2015.
What was Union Pacific capital expenditures in 2024?
- Union Pacific (UNP) capital expenditures in 2024 was $3.45B.
What was Union Pacific capital expenditures in 2025?
- Union Pacific (UNP) capital expenditures in 2025 was $3.79B.
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