Latest period
$3.82B
YoY change
+9.8%
5Y CAGR
+5.3%
Peak year (2015)
$4.65B
Cumulative CapEx
$93.91B
CapEx history chart for Union Pacific (UNP) from 1989 to 2025
Latest: $3.79B
CapEx growth chart for Union Pacific (UNP) from 1989 to 2025
Latest: +9.8%
CapEx history table for Union Pacific (UNP) from 1989 to 2025
| 2025 | $3.79B | +9.8% | +$339.00M | ||
| 2024 | $3.45B | -4.3% | −$154.00M | ||
| 2023 | $3.61B | -0.4% | −$14.00M | ||
| 2022 | $3.62B | +23.3% | +$684.00M | ||
| 2021 | $2.94B | +0.3% | +$9.00M | ||
| 2020 | $2.93B | -15.2% | −$526.00M | ||
| 2019 | $3.45B | +0.5% | +$16.00M | ||
| 2018 | $3.44B | +5.5% | +$180.00M | ||
| 2017 | $3.26B | -7.1% | −$248.00M | ||
| 2016 | $3.50B | -24.6% | −$1.15B | ||
| 2015 | $4.65B | +7.0% | +$304.00M | ||
| 2014 | $4.35B | +24.3% | +$850.00M | ||
| 2013 | $3.50B | -6.5% | −$242.00M | ||
| 2012 | $3.74B | +14.6% | +$477.00M | ||
| 2011 | $3.26B | +31.4% | +$779.00M | ||
| 2010 | $2.48B | +2382.0% | +$2.38B | ||
| 2009 | $100.00M | -96.8% | −$3.07B | ||
| 2008 | $3.17B | +1.6% | +$51.00M | ||
| 2007 | $3.12B | +12.2% | +$339.00M | ||
| 2006 | $2.78B | +28.1% | +$609.00M | ||
| 2005 | $2.17B | +15.6% | +$293.00M | ||
| 2004 | $1.88B | +7.1% | +$124.00M | ||
| 2003 | $1.75B | -7.2% | −$135.00M | ||
| 2002 | $1.89B | +20.0% | +$315.00M | ||
| 2001 | $1.57B | -11.8% | −$211.00M | ||
| 2000 | $1.78B | -2.8% | −$51.00M | ||
| 1999 | $1.83B | -13.1% | −$277.00M | ||
| 1998 | $2.11B | +0.5% | +$10.00M | ||
| 1997 | $2.10B | +54.5% | +$741.00M | ||
| 1996 | $1.36B | +28.5% | +$302.00M | ||
| 1995 | $1.06B | -33.8% | −$539.00M | ||
| 1994 | $1.60B | +1.5% | +$23.00M | ||
| 1993 | $1.57B | +0.4% | +$7.00M | ||
| 1992 | $1.57B | +27.3% | +$336.00M | ||
| 1991 | $1.23B | +2.1% | +$25.00M | ||
| 1990 | $1.21B | +2.7% | +$32.00M | ||
| 1989 | $1.17B | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Union Pacific (UNP)
According to Union Pacific's latest reported financial statements, the company's current CapEx (TTM) is $3.82B. 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 .
As of the 2025 fiscal year, Union Pacific (UNP) reported CapEx of $3.79B – grew 9.8% year-over-year.
Through 2020–2025 (5 years), Union Pacific CapEx delivered a +5.3% annualised rate; with mixed annual results across the window.
Between 2015 and 2025, Union Pacific CapEx declined 18.5%, falling from $4.65B to $3.79B.
$4.65B stands as the all-time-high annual CapEx, posted in 2015, against a low of $100.00M during 2009.
Union Pacific Capital Expenditures by Year
Union Pacific Capital Expenditures 2025: $3.79B
Union Pacific posted CapEx of $3.79B in 2025, grew 9.8% from 2024.
Union Pacific Capital Expenditures 2024: $3.45B
In 2024, Union Pacific reported CapEx of $3.45B, edged down 4.3% below 2023.
Union Pacific Capital Expenditures 2023: $3.61B
Union Pacific CapEx in 2023 was $3.61B, edged down 0.4% below 2022.
Union Pacific Capital Expenditures 2022: $3.62B
2022's CapEx for Union Pacific came in at $3.62B, grew 23.3% from 2021.
Union Pacific Capital Expenditures 2021: $2.94B
Union Pacific CapEx in 2021 was $2.94B.
See more financial history for Union Pacific (UNP).
Sector peers by CapEx
Industrials peers of Union Pacific (UNP), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $986.00M | |
| $0.00 |
- $20.74B
- $4.23B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
- $986.00M
Frequently asked questions
Union Pacific (UNP) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation