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Total Debt for Union Pacific (UNP)

According to Union Pacific's latest reported financial statements, the company's latest reported total debt is $1.49M USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Latest period

$1.49M

YoY change

-2.0%

5Y CAGR

+2.3%

Peak year (2022)

$34.96B

Latest annual

$31.81B

Total Debt history chart for Union Pacific (UNP) from 1985 to 2025

Total Debt history table for Union Pacific (UNP) from 1985 to 2025

Fiscal yearPeriod endedReportedTotal DebtYoY
2025$31.81B-2.0%
2024$32.46B-5.0%
2023$34.18B-2.2%
2022$34.96B+11.0%
2021$31.49B+11.1%
2020$28.33B+4.8%
2019$27.03B+20.7%
2018$22.39B+32.1%
2017$16.94B+12.9%
2016$15.01B+5.7%
2015$14.20B+24.4%
2014$11.41B+19.2%
2013$9.58B+6.4%
2012$9.00B+1.0%
2011$8.91B-3.6%
2010$9.24B-6.2%
2009$9.85B+10.3%
2008$8.93B+16.2%
2007$7.68B+13.3%
2006$6.78B-8.6%
2005$7.42B-8.8%
2004$8.13B+1.8%
2003$7.99B+3.7%
2002$7.70B-4.7%
2001$8.08B-3.2%
2000$8.35B-3.3%
1999$8.64B-0.6%
1998$8.69B+2.0%
1997$8.52B+6.1%
1996$8.03B+26.1%
1995$6.36B+42.1%
1994$4.48B+7.1%
1993$4.18B+2.1%
1992$4.10B+1.2%
1991$4.05B-0.8%
1990$4.08B+1.2%
1989$4.04B+20.3%
1988$3.36B+16.3%
1987$2.88B-5.7%
1986$3.06B+39.6%
1985$2.19B

Total Debt values are taken from Union Pacific's reported balance sheets (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 total debt of $31.81B – edged down 2.0% year-over-year.

Across 2020–2025 (5 years), Union Pacific total debt produced a CAGR of +2.3% – with the latest reading among the more recent periods of the dataset.

The highest annual total debt of $34.96B was reported in 2022. The lowest in the available history was $2.19B in 1985.

Among 8 Industrials peers, Union Pacific (UNP) ranks 6th; the peer median for total debt is $37.04B.

Union Pacific Total Debt by Year

Union Pacific Total Debt 2025: $31.81B

Union Pacific total debt in 2025 was $31.81B, edged down 2.0% below 2024.

Union Pacific Total Debt 2024: $32.46B

Union Pacific total debt in 2024 was $32.46B, declined 5.0% below 2023.

Union Pacific Total Debt 2023: $34.18B

Union Pacific total debt in 2023 was $34.18B, edged down 2.2% below 2022.

Union Pacific Total Debt 2022: $34.96B

Union Pacific total debt in 2022 was $34.96B, grew 11.0% from 2021. This figure represents the highest annual value in the available history.

Union Pacific Total Debt 2021: $31.49B

Union Pacific total debt in 2021 was $31.49B.

See more financial history for Union Pacific (UNP).

Sector peers — Total Debt

Companies in the same sector as Union Pacific, ranked by their latest total debt.

CompanyTotal DebtSector
Deere & Company (DE)$63.94BIndustrials
The Boeing Company (BA)$54.43BIndustrials
Caterpillar Inc. (CAT)$43.33BIndustrials
RTX Corporation (RTX)$39.51BIndustrials
Honeywell International Inc. (HON)$34.58BIndustrials
GE Aerospace (GE)$20.49BIndustrials
Eaton Corporation plc (ETN)$11.17BIndustrials
Parker-Hannifin Corporation (PH)$9.64BIndustrials

Frequently asked questions

What is Union Pacific's total debt?

Latest reported total debt for Union Pacific (UNP) is $1.49M (period ending March 31, 2026).

How has Union Pacific total debt changed year-over-year?

Union Pacific (UNP) total debt changed -2.0% year-over-year on the latest annual filing.

What is the long-term growth rate of Union Pacific total debt?

Union Pacific (UNP) total debt compound annual growth rate is +2.3% over the most recent 5 years available.

When did Union Pacific total debt hit its highest annual value?

Union Pacific total debt reached its highest annual value of $34.96B in 2022.

What was Union Pacific total debt in 2024?

Union Pacific (UNP) total debt in 2024 was $32.46B.

What was Union Pacific total debt in 2025?

Union Pacific (UNP) total debt in 2025 was $31.81B.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.