Union Pacific Corp revenue by segment UNP

Union Pacific Corp splits its revenue into 8 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Industrial at $8.6 billion, 35% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
26,363
24,510
24,250
24,119
24,875
21,804
19,533
21,708
22,832
21,240
19,941
Cargo And Freight
—
—
—
—
—
—
—
—
21,384
+7.8%
share 93.7%
19,837
share 93.4%
—
Industrial
9,202
+7.2%
share 34.9%
8,604
+1.9%
share 35.1%
8,440
+2.5%
share 34.8%
8,238
+0.4%
share 34.2%
8,205
+12.0%
share 33.0%
7,323
+10.6%
share 33.6%
6,622
-11.4%
share 33.9%
7,472
share 34.4%
—
—
—
Bulk
8,104
+7.6%
share 30.7%
7,586
+5.3%
share 31.0%
7,207
-2.1%
share 29.7%
7,358
-2.4%
share 30.5%
7,537
+13.2%
share 30.3%
6,656
+11.7%
share 30.5%
5,960
-8.7%
share 30.5%
6,529
share 30.1%
—
—
—
Premium
7,677
+7.5%
share 29.1%
7,030
-1.9%
share 28.7%
7,164
+2.7%
share 29.5%
6,975
-6.0%
share 28.9%
7,417
+18.4%
share 29.8%
6,265
+10.5%
share 28.7%
5,669
-9.2%
share 29.0%
6,242
share 28.8%
—
—
—
Product And Service Other
—
—
—
—
—
—
—
—
1,448
+3.2%
share 6.3%
1,403
share 6.6%
—
Other Subsidiary Revenues
741
+1.9%
share 2.8%
718
-8.9%
share 2.9%
788
-9.6%
share 3.2%
872
-1.4%
share 3.6%
884
+19.3%
share 3.6%
741
-0.3%
share 3.4%
743
-15.6%
share 3.8%
880
share 4.1%
—
—
—
Accessorial Revenues
538
+13.0%
share 2.0%
475
-14.3%
share 1.9%
554
-5.1%
share 2.3%
584
-25.0%
share 2.4%
779
+3.6%
share 3.1%
752
+59.0%
share 3.4%
473
-8.0%
share 2.4%
514
share 2.4%
—
—
—
Other Miscellaneous Product And Service Revenues
101
+8.6%
share 0.4%
97
+0.0%
share 0.4%
97
+5.4%
share 0.4%
92
+73.6%
share 0.4%
53
-20.9%
share 0.2%
67
+1.5%
share 0.3%
66
-7.0%
share 0.3%
71
share 0.3%
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Railroads, Line-Haul Operating (SIC 4011)
Listed as
UNP (NYSE)
Fiscal year ends
December 31
Incorporated in
UT
Headquarters
Omaha, NE
SEC filer status
Large accelerated filer
SEC CIK
100885

Other Railroads, Line-Haul Operating companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.