How does Union Pacific (UNP) make money?

Union Pacific (UNP) primarily makes money through Industrial, which accounts for 35.3% of total revenue. For TTM through Q1 2026, Union Pacific generated $24.70B in total revenue with a net profit margin of 29.2%.

What is Union Pacific (UNP) gross profit margin?

Union Pacific (UNP) reported a gross profit margin of 45.7% for TTM through Q1 2026, equivalent to $11.28B in gross profit. This means Union Pacific retains 45.7% of each revenue unit after direct costs of production.

What is Union Pacific (UNP) operating profit margin?

Union Pacific (UNP) reported an operating profit margin of 40.1% for TTM through Q1 2026, equivalent to $9.90B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Union Pacific (UNP) net profit margin?

Union Pacific (UNP) reported a net profit margin of 29.2% for TTM through Q1 2026, equivalent to $7.21B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Union Pacific (UNP) spend on capital expenditures?

Union Pacific (UNP) spent $3.82B on capital expenditures in TTM through Q1 2026 (15.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Union Pacific (UNP) free cash flow?

Union Pacific (UNP) generated $4.20B in free cash flow for TTM through Q1 2026 (17.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Union Pacific (UNP) effective tax rate?

Union Pacific (UNP) had an effective tax rate of 22.2% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Union Pacific (UNP) Makes Money: A Visual Guide

Union Pacific (UNP) generated $24.70B in revenue, earning $7.21B in net profit (29.2% margin). Its largest revenue source is Industrial (35.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Union Pacific (UNP) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 23, 2026).

Frequently asked questions

How does Union Pacific (UNP) make money?: Union Pacific (UNP) primarily makes money through Industrial, which accounts for 35.3% of total revenue. For TTM through Q1 2026, Union Pacific generated $24.70B in total revenue with a net profit margin of 29.2%.
What is Union Pacific (UNP) gross profit margin?: Union Pacific (UNP) reported a gross profit margin of 45.7% for TTM through Q1 2026, equivalent to $11.28B in gross profit. This means Union Pacific retains 45.7% of each revenue unit after direct costs of production.
What is Union Pacific (UNP) operating profit margin?: Union Pacific (UNP) reported an operating profit margin of 40.1% for TTM through Q1 2026, equivalent to $9.90B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Union Pacific (UNP) net profit margin?: Union Pacific (UNP) reported a net profit margin of 29.2% for TTM through Q1 2026, equivalent to $7.21B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Union Pacific (UNP) spend on capital expenditures?: Union Pacific (UNP) spent $3.82B on capital expenditures in TTM through Q1 2026 (15.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Union Pacific (UNP) free cash flow?: Union Pacific (UNP) generated $4.20B in free cash flow for TTM through Q1 2026 (17.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Union Pacific (UNP) effective tax rate?: Union Pacific (UNP) had an effective tax rate of 22.2% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.