Shares Outstanding for Union Pacific (UNP)
According to Union Pacific's latest reported financial statements, the company's latest reported diluted shares outstanding is 593.60M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingShares OutstandingSwitch metric
Latest period
593.60M
YoY change
-2.5%
5Y CAGR
-2.7%
Peak year (2002)
1.11B
Latest annual
593.50M
Shares Outstanding history chart for Union Pacific (UNP) from 1985 to 2025
Shares Outstanding history table for Union Pacific (UNP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 593.50M | -2.5% | ||
| 2024 | 608.60M | -0.3% | ||
| 2023 | 610.20M | -2.2% | ||
| 2022 | 624.00M | -4.8% | ||
| 2021 | 655.40M | -3.5% | ||
| 2020 | 679.10M | -3.8% | ||
| 2019 | 706.10M | -6.4% | ||
| 2018 | 754.30M | -5.9% | ||
| 2017 | 801.70M | -4.0% | ||
| 2016 | 835.40M | -3.9% | ||
| 2015 | 869.40M | -3.5% | ||
| 2014 | 901.10M | -3.3% | ||
| 2013 | 931.60M | -2.2% | ||
| 2012 | 953.00M | -2.7% | ||
| 2011 | 979.60M | -2.6% | ||
| 2010 | 1.01B | -0.6% | ||
| 2009 | 1.01B | -1.8% | ||
| 2008 | 1.03B | -4.1% | ||
| 2007 | 1.07B | -1.3% | ||
| 2006 | 1.09B | +2.0% | ||
| 2005 | 1.07B | +1.6% | ||
| 2004 | 1.05B | -2.2% | ||
| 2003 | 1.07B | -3.2% | ||
| 2002 | 1.11B | +1.8% | ||
| 2001 | 1.09B | +0.9% | ||
| 2000 | 1.08B | -0.1% | ||
| 1999 | 1.08B | +9.7% | ||
| 1998 | 984.00M | -0.8% | ||
| 1997 | 992.40M | +13.8% | ||
| 1996 | 872.00M | +6.0% | ||
| 1995 | 822.61M | -0.0% | ||
| 1994 | 822.70M | +0.1% | ||
| 1993 | 821.71M | +0.7% | ||
| 1992 | 815.69M | -1.2% | ||
| 1991 | 825.81M | +2.9% | ||
| 1990 | 802.60M | -5.2% | ||
| 1989 | 846.98M | -5.9% | ||
| 1988 | 900.35M | +6.0% | ||
| 1987 | 849.23M | -1.0% | ||
| 1986 | 857.64M | -4.7% | ||
| 1985 | 899.52M | — |
Shares Outstanding 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
The 2025 reading of Union Pacific (UNP) diluted shares outstanding is 593.50M – edged down 2.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Union Pacific diluted shares outstanding compounded at -2.7% per year, with a net decline across the window.
Between 2002 and 2025, Union Pacific diluted shares outstanding plunged 46.4%, falling from 1.11B to 593.50M.
The dataset's maximum diluted shares outstanding sits at 1.11B (2002); the minimum reading of 593.50M dates to 2025.
Among 8 Industrials peers, Union Pacific (UNP) ranks 5th; the peer median for diluted shares outstanding is 555.90M.
Union Pacific Shares Outstanding by Year
Union Pacific Shares Outstanding 2025: 593.50M
Union Pacific diluted shares outstanding in 2025 was 593.50M, edged down 2.5% below 2024. This figure represents the lowest annual value in the available history.
Union Pacific Shares Outstanding 2024: 608.60M
Union Pacific diluted shares outstanding in 2024 was 608.60M, edged down 0.3% below 2023.
Union Pacific Shares Outstanding 2023: 610.20M
Union Pacific diluted shares outstanding in 2023 was 610.20M, edged down 2.2% below 2022.
Union Pacific Shares Outstanding 2022: 624.00M
Union Pacific diluted shares outstanding in 2022 was 624.00M, edged down 4.8% below 2021.
Union Pacific Shares Outstanding 2021: 655.40M
Union Pacific diluted shares outstanding in 2021 was 655.40M.
See more financial history for Union Pacific (UNP).
Sector peers — Shares Outstanding
Companies in the same sector as Union Pacific, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| RTX Corporation (RTX) | 1.36B | Industrials |
| GE Aerospace (GE) | 1.07B | Industrials |
| The Boeing Company (BA) | 762.30M | Industrials |
| Honeywell International Inc. (HON) | 642.80M | Industrials |
| Caterpillar Inc. (CAT) | 469.00M | Industrials |
| Eaton Corporation plc (ETN) | 389.50M | Industrials |
| Deere & Company (DE) | 271.70M | Industrials |
| Parker-Hannifin Corporation (PH) | 130.20M | Industrials |
Frequently asked questions
What is Union Pacific's diluted shares outstanding?
- Latest reported diluted shares outstanding for Union Pacific (UNP) is 593.60M (period ending March 31, 2026).
How has Union Pacific diluted shares outstanding changed year-over-year?
- Union Pacific (UNP) diluted shares outstanding changed -2.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Union Pacific diluted shares outstanding?
- Union Pacific (UNP) diluted shares outstanding compound annual growth rate is -2.7% over the most recent 5 years available.
When did Union Pacific diluted shares outstanding hit its highest annual value?
- Union Pacific diluted shares outstanding reached its highest annual value of 1.11B in 2002.
What was Union Pacific diluted shares outstanding in 2024?
- Union Pacific (UNP) diluted shares outstanding in 2024 was 608.60M.
What was Union Pacific diluted shares outstanding in 2025?
- Union Pacific (UNP) diluted shares outstanding in 2025 was 593.50M.
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.