Operating Income for Union Pacific (UNP)
According to Union Pacific's latest reported financial statements, the company's current operating income (TTM) is $9.90B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$9.90B
YoY change
+1.3%
5Y CAGR
+4.7%
Peak year (2022)
$9.92B
Cumulative operating income
$167.63B
Operating Income history chart for Union Pacific (UNP) from 1985 to 2025
Operating Income history table for Union Pacific (UNP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $9.84B | +1.3% | ||
| 2024 | $9.71B | +6.9% | ||
| 2023 | $9.08B | -8.4% | ||
| 2022 | $9.92B | +6.2% | ||
| 2021 | $9.34B | +19.2% | ||
| 2020 | $7.83B | -8.4% | ||
| 2019 | $8.55B | +0.4% | ||
| 2018 | $8.52B | +5.7% | ||
| 2017 | $8.06B | +10.8% | ||
| 2016 | $7.27B | -9.7% | ||
| 2015 | $8.05B | -8.0% | ||
| 2014 | $8.75B | +17.6% | ||
| 2013 | $7.45B | +10.4% | ||
| 2012 | $6.75B | +17.8% | ||
| 2011 | $5.72B | +14.9% | ||
| 2010 | $4.98B | +47.4% | ||
| 2009 | $3.38B | -17.1% | ||
| 2008 | $4.08B | +20.7% | ||
| 2007 | $3.38B | +17.0% | ||
| 2006 | $2.88B | +60.7% | ||
| 2005 | $1.79B | +38.6% | ||
| 2004 | $1.29B | -39.3% | ||
| 2003 | $2.13B | -8.2% | ||
| 2002 | $2.32B | +12.2% | ||
| 2001 | $2.07B | +8.9% | ||
| 2000 | $1.90B | +5.5% | ||
| 1999 | $1.80B | -1155.0% | ||
| 1998 | -$171.00M | -113.6% | ||
| 1997 | $1.25B | -18.3% | ||
| 1996 | $1.53B | +14.3% | ||
| 1995 | $1.34B | +33.2% | ||
| 1994 | $1.01B | +2.8% | ||
| 1993 | $980.00M | -11.0% | ||
| 1992 | $1.10B | +883.0% | ||
| 1991 | $112.00M | -88.2% | ||
| 1990 | $952.00M | +6.6% | ||
| 1989 | $893.00M | -6.7% | ||
| 1988 | $957.00M | +5.2% | ||
| 1987 | $910.00M | -206.9% | ||
| 1986 | -$851.00M | -213.6% | ||
| 1985 | $749.00M | — |
Operating Income values are taken from Union Pacific's reported income 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
Union Pacific (UNP) most recent annual operating income stands at $9.84B (2025) – edged up 1.3% year-over-year.
Over 2020–2025 (5 years), Union Pacific operating income expanded at a +4.7% compound annual rate, sustaining 2 straight years of year-over-year growth.
$9.92B stands as the all-time-high annual operating income, posted in 2022, against a low of -$851.00M during 1986.
Union Pacific (UNP) sits 2nd of 8 Industrials peers we track on this metric, against a peer median of $7.49B.
Union Pacific Operating Income by Year
Union Pacific Operating Income 2025: $9.84B
Union Pacific operating income in 2025 was $9.84B, edged up 1.3% from 2024.
Union Pacific Operating Income 2024: $9.71B
Union Pacific operating income in 2024 was $9.71B, grew 6.9% from 2023.
Union Pacific Operating Income 2023: $9.08B
Union Pacific operating income in 2023 was $9.08B, declined 8.4% below 2022.
Union Pacific Operating Income 2022: $9.92B
Union Pacific operating income in 2022 was $9.92B, grew 6.2% from 2021. This figure represents the highest annual value in the available history.
Union Pacific Operating Income 2021: $9.34B
Union Pacific operating income in 2021 was $9.34B.
See more financial history for Union Pacific (UNP).
Sector peers — Operating Income
Companies in the same sector as Union Pacific, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| Parker-Hannifin Corporation (PH) | $4.06B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Union Pacific's operating income?
- Latest reported operating income for Union Pacific (UNP) is $9.90B (period ending March 31, 2026).
How has Union Pacific operating income changed year-over-year?
- Union Pacific (UNP) operating income changed +1.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Union Pacific operating income?
- Union Pacific (UNP) operating income compound annual growth rate is +4.7% over the most recent 5 years available.
When did Union Pacific operating income hit its highest annual value?
- Union Pacific operating income reached its highest annual value of $9.92B in 2022.
What was Union Pacific operating income in 2024?
- Union Pacific (UNP) operating income in 2024 was $9.71B.
What was Union Pacific operating income in 2025?
- Union Pacific (UNP) operating income in 2025 was $9.84B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
UNP Overview
Company profile, financial tools, and key metrics
UNP Revenue Counter
Earns $783.23 every second. See per minute, hour, and day.
UNP Earnings Counter
Earns $228.72 per second net profit. See per minute, hour, and day.
UNP Economic Scale
Exceeds Guyana's GDP. Compare with world economies.
UNP What If Invested
What if you had invested $1,000? See historical returns from any date.
UNP How It Makes Money
Discover visual breakdown of $24.70B in revenue — where it comes from and where it goes.
UNP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
UNP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
UNP Daily Price Character
Steady · 47.8% historical win rate (green days). Streaks & record days.
UNP Buybacks
1.24% TTM buyback yield. Shareholder yield & SBC comparison.
UNP Stock Split History
6 splits on record. Dates, ratios, and cumulative multiple.
UNP Dividend Profile
Yield: 2.07%. Safety: 7/8. See full history.
UNP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
UNP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.