tickdelta
Sign in
Tables

Tables in the 10-Q of UNION PACIFIC CORP

44 tables with numbers, filed Oct 22, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

← Filings of UNP

Table 1 after “AND SUBSIDIARY COMPANIES”

PART I. FINANCIAL INFORMATION
Item 1.Condensed Consolidated Financial Statements:
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)For the three months ended September 30, 2026 and 20253
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)For the three months ended September 30, 2026 and 20253
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)For the nine months ended September 30, 2026 and 20254
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)For the nine months ended September 30, 2026 and 20254
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited)At September 30, 2026, and December 31, 20255
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)For the nine months ended September 30, 2026 and 20256

First 8 of 23 rows. The download has all of them.

Table 2 after “Union Pacific Corporation and Subsidiary Companies”

Millions, except per share amounts, for the three months ended September 30,20262025
Operating revenues:
Freight revenues$6,813$5,927
Other revenues384317
Total operating revenues7,1976,244
Operating expenses:
Compensation and benefits1,2641,214
Fuel1,040616

First 8 of 24 rows. The download has all of them.

Table 3 after “Union Pacific Corporation and Subsidiary Companies”

Millions, for the three months ended September 30,20262025
Net income$2,076$1,788
Other comprehensive income/(loss):
Defined benefit plans2(1)
Foreign currency translation1521
Derivative instruments--
Total other comprehensive income/(loss) [a]1720
Comprehensive income$2,093$1,808

Table 4 after “Union Pacific Corporation and Subsidiary Companies”

Millions, except per share amounts, for the nine months ended September 30,20262025
Operating revenues:
Freight revenues$19,224$17,461
Other revenues1,054964
Total operating revenues20,27818,425
Operating expenses:
Compensation and benefits3,7313,675
Fuel2,6211,795

First 8 of 24 rows. The download has all of them.

Table 5 after “Union Pacific Corporation and Subsidiary Companies”

Millions, for the nine months ended September 30,20262025
Net income$5,770$5,290
Other comprehensive income/(loss):
Defined benefit plans1-
Foreign currency translation5251
Derivative instruments(1)-
Total other comprehensive income/(loss) [a]5251
Comprehensive income$5,822$5,341

Table 6 after “Union Pacific Corporation and Subsidiary Companies”

Millions, except share and per share amountsSep. 30, 2026Dec. 31, 2025
Assets
Current assets:
Cash and cash equivalents$2,211$1,266
Short-term investments (Note 13)875250
Accounts receivable, net (Note 10)2,1401,860
Materials and supplies985787
Other current assets306392

First 8 of 34 rows. The download has all of them.

Table 7 after “Union Pacific Corporation and Subsidiary Companies”

Millions, for the nine months ended September 30,20262025
Operating activities
Net income$5,770$5,290
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation1,9141,841
Deferred and other income taxes207172
Other operating activities, net326
Changes in current assets and liabilities:

First 8 of 42 rows. The download has all of them.

Table 8 after “Union Pacific Corporation and Subsidiary Companies”

MillionsCommon sharesTreasury sharesCommon sharesPaid-in-surplusRetained earningsTreasury stockAOCI [a]Total
Balance at July 1, 20251,113.2(520.2)$2,783$5,505$67,532$(58,870)$(692)$16,258
Net income--1,788--1,788
Other comprehensive income/(loss)----2020
Conversion, stock option exercises, forfeitures, ESPP, and other [b]-0.2-43-14-57
Share repurchase programs (Note 16)--------
Dividends declared ($1.38 per share)----(819)--(819)
Balance at September 30, 20251,113.2(520.0)$2,783$5,548$68,501$(58,856)$(672)$17,304

First 8 of 15 rows. The download has all of them.

Table 9 after “Union Pacific Corporation and Subsidiary Companies”

MillionsCommon sharesTreasury sharesCommon sharesPaid-in-surplusRetained earningsTreasury stockAOCI [a]Total
Balance at January 1, 20251,113.0(508.8)$2,783$5,334$65,628$(56,132)$(723)$16,890
Net income--5,290--5,290
Other comprehensive income/(loss)----5151
Conversion, stock option exercises, forfeitures, ESPP, and other [b]0.20.7-131-53-184
Share repurchase programs (Note 16)-(11.9)-83-(2,777)-(2,694)
Dividends declared ($4.06 per share)----(2,417)--(2,417)
Balance at September 30, 20251,113.2(520.0)$2,783$5,548$68,501$(58,856)$(672)$17,304

First 8 of 15 rows. The download has all of them.

Table 10 after “Our significant segment expenses as monitored by the CODM are shown in the table below. This breakout of revenues and expenses is used by th”

Three months ended September 30,Nine months ended September 30,
Millions2026202520262025
Bulk$2,116$1,930$6,185$5,667
Industrial2,5092,1947,0866,488
Premium2,1881,8035,9535,306
Total freight revenues$6,813$5,927$19,224$17,461
Other subsidiary revenues201172570547
Accessorial revenues157124412349

First 8 of 20 rows. The download has all of them.

Table 11 after “Information regarding stock-based compensation expense appears in the table below:”

Three months ended September 30,Nine months ended September 30,
Millions2026202520262025
Stock-based compensation, before tax:
Stock options$6$6$16$19
Retention awards30307478
ESPP [a]23813
Total stock-based compensation, before tax$38$39$98$110
Excess income tax benefits from equity compensation plans$3$3$15$11

Table 12 after “The table below shows the annual weighted-average assumptions used for Black-Scholes valuation purposes:”

Weighted-average assumptions20262025
Risk-free interest rate3.7%4.3%
Dividend yield2.2%2.2%
Expected life (years)4.84.3
Volatility22.3%22.4%
Weighted-average grant-date fair value of options granted$50.32$48.70

Table 13 after “A summary of stock option activity during the nine months ended September 30, 2026, is presented below:”

Options (thous.)Weighted-average exercise priceWeighted-average remaining contractual term (in yrs.)Aggregate intrinsic value (millions)
Outstanding at January 1, 20262,095$210.295.6$58
Granted436251.45N/AN/A
Exercised(628)177.81N/AN/A
Forfeited or expired(19)248.27N/AN/A
Outstanding at September 30, 20261,884$230.266.5$79
Vested or expected to vest at September 30, 20261,861$230.066.5$78
Options exercisable at September 30, 20261,104$217.464.9$60

Table 14 after “Additional information regarding stock option exercises appears in the following table:”

Three months ended September 30,Nine months ended September 30,
Millions2026202520262025
Intrinsic value of stock options exercised$18$2$60$23
Cash received from option exercises47111847
Treasury shares repurchased for employee payroll taxes(7)-(19)(7)
Income tax benefit realized from option exercises3-103
Aggregate grant-date fair value of stock options vested--1516

Table 15 after “Changes in our retention awards during the nine months ended September 30, 2026, were as follows:”

Shares (thous.)Weighted-average grant-date fair value
Nonvested at January 1, 2026878$232.18
Granted257246.48
Vested [a](455)220.98
Forfeited(21)244.24
Nonvested at September 30, 2026659$245.11

Table 16 after “Changes in our performance stock unit awards during the nine months ended September 30, 2026, were as follows:”

Shares (thous.)Weighted-average grant-date fair value
Nonvested at January 1, 2026619$222.68
Granted336251.45
Vested(74)199.73
Unearned(96)202.81
Forfeited(31)248.72
Nonvested at September 30, 2026754$239.21

Table 17 after “The components of our net periodic pension benefit/cost were as follows:”

Three months ended September 30,Nine months ended September 30,
Millions2026202520262025
Service cost$9$9$27$31
Interest cost4145119135
Expected return on plan assets(56)(60)(168)(181)
Amortization of actuarial loss5296
Net periodic pension (benefit)/cost$(1)$(4)$(13)$(9)

Table 18 after “Other income included the following:”

Three months ended September 30,Nine months ended September 30,
Millions2026202520262025
Real estate income$73$74$229$240
Interest income26125742
Net periodic pension benefit/(costs)10134040
Non-operating property environmental remediation and restoration(18)(6)(37)(18)
Other432(7)
Total$95$96$291$297

Table 19 after “The following table provides a reconciliation between basic and diluted earnings per share:”

Three months ended September 30,Nine months ended September 30,
Millions, except per share amounts2026202520262025
Net income$2,076$1,788$5,770$5,290
Weighted-average number of shares outstanding:
Basic593.7592.4593.4595.8
Dilutive effect of stock options0.40.20.20.3
Dilutive effect of retention awards0.40.60.40.6
Diluted594.5593.2594.0596.7

First 8 of 11 rows. The download has all of them.

Table 20 after “Reclassifications out of accumulated other comprehensive income/loss were as follows (net of tax):”

MillionsDefined benefit plansForeign currency translationDerivative instruments [a]Total
Balance at July 1, 2026$(428)$(142)$14$(556)
Other comprehensive income/(loss) before reclassifications315-18
Amounts reclassified from accumulated other comprehensive income/(loss) [b](1)--(1)
Net quarter-to-date other comprehensive income/(loss), net of taxes of ($0.5) million215-17
Balance at September 30, 2026$(426)$(127)$14$(539)
Balance at July 1, 2025$(497)$(211)$16$(692)
Other comprehensive income/(loss) before reclassifications121-22

First 8 of 11 rows. The download has all of them.

Table 21 after “Reclassifications out of accumulated other comprehensive income/loss were as follows (net of tax):”

MillionsDefined benefit plansForeign currency translationDerivative instruments [a]Total
Balance at January 1, 2026$(427)$(179)$15$(591)
Other comprehensive income/(loss) before reclassifications-52-52
Amounts reclassified from accumulated other comprehensive income/(loss) [b]1-(1)-
Net year-to-date other comprehensive income/(loss), net of taxes of ($0.6) million152(1)52
Balance at September 30, 2026$(426)$(127)$14$(539)
Balance at January 1, 2025$(498)$(241)$16$(723)
Other comprehensive income/(loss) before reclassifications251-53

First 8 of 11 rows. The download has all of them.

Table 22 after “The following tables list the major categories of property and equipment, as well as the weighted-average estimated useful life for each cat”

Millions, except estimated useful life As of September 30, 2026CostAccumulated depreciationNet book valueEstimated useful life
Land$5,495N/A$5,495N/A
Road:
Rail and other track material20,0408,15011,89043
Ties13,1064,4488,65834
Ballast6,7832,4024,38134
Other roadway [a]25,1036,39018,71347
Total road65,03221,39043,642N/A

First 8 of 16 rows. The download has all of them.

Table 23 after “The following tables list the major categories of property and equipment, as well as the weighted-average estimated useful life for each cat”

Millions, except estimated useful life As of December 31, 2025CostAccumulated depreciationNet book valueEstimated useful life
Land$5,471N/A$5,471N/A
Road:
Rail and other track material19,7477,93611,81145
Ties12,7794,3058,47434
Ballast6,6462,3094,33734
Other roadway [a]24,6106,08018,53047
Total road63,78220,63043,152N/A

First 8 of 16 rows. The download has all of them.

Table 24 after “Accounts Payable and Other Current Liabilities”

MillionsSep. 30, 2026Dec. 31, 2025
Income and other taxes payable$1,218$491
Accounts payable1,038804
Compensation-related accruals639642
Accrued casualty costs298278
Interest payable244375
Current operating lease liabilities225270
Equipment rents payable106102

First 8 of 10 rows. The download has all of them.

Table 25 after “Our personal injury liability activity was as follows:”

Millions, for the nine months ended September 30,20262025
Beginning balance$413$379
Current year accruals8882
Changes in estimates for prior years(11)9
Payments(81)(81)
Ending balance at September 30,$409$389
Current portion, ending balance at September 30,$92$105

Table 26 after “Our environmental liability activity was as follows:”

Millions, for the nine months ended September 30,20262025
Beginning balance$259$268
Accruals7844
Payments(63)(55)
Ending balance at September 30,$274$257
Current portion, ending balance at September 30,$65$66

Table 27 after “The table below represents shares repurchased under repurchase programs in the nine months ended September 30, 2026 and 2025:”

Number of shares purchasedAverage price paid [a]
2026202520262025
First quarter [b]-5,745,601$-$250.74
Second quarter [c]-6,111,558-205.06
Third quarter----
Total-11,857,159$-$227.20
Remaining number of shares that may be repurchased under current authority93,888,442

Table 28 after “Union Pacific incurred the following acquisition-related expense associated with the merger agreement:”

Millions, for theThree months ended September 30,Nine months ended September 30,
2026202520262025
Acquisition-related expense
Compensation and benefits$1$-$5$-
Purchased services and materials20408341
Other1151
Total acquisition-related expense [a]$22$41$93$42

Table 29 after “Table of Contents”

Operating revenues
Three months ended September 30,Nine months ended September 30,
Millions20262025Change20262025Change
Freight revenues$6,813$5,92715 %$19,224$17,46110 %
Other subsidiary revenues201172175705474
Accessorial revenues1571242741234918
Other26212472686
Total$7,197$6,24415 %$20,278$18,42510 %

Table 30 after “The following tables summarize the year-over-year changes in freight revenues, revenue carloads, and ARC by commodity type:”

Freight revenuesThree months ended September 30,Nine months ended September 30,
Millions20262025Change20262025Change
Grain & grain products$1,085$97511 %$3,248$2,88912 %
Fertilizer23422736876388
Food & refrigerated27225857917851
Coal & renewables525470121,4591,3558
Bulk2,1161,930106,1855,6679
Industrial chemicals & plastics70164782,0411,9007

First 8 of 16 rows. The download has all of them.

Table 31 after “The following tables summarize the year-over-year changes in freight revenues, revenue carloads, and ARC by commodity type:”

Revenue carloadsThree months ended September 30,Nine months ended September 30,
Thousands20262025Change20262025Change
Grain & grain products2252155 %71064510 %
Fertilizer5558(5)161162(1)
Food & refrigerated4041(2)121127(5)
Coal & renewables209216(3)599606(1)
Bulk529530-1,5911,5403
Industrial chemicals & plastics18518225495284

First 8 of 16 rows. The download has all of them.

Table 32 after “The following tables summarize the year-over-year changes in freight revenues, revenue carloads, and ARC by commodity type:”

Average revenue per carThree months ended September 30,Nine months ended September 30,
20262025Change20262025Change
Grain & grain products$4,837$4,5327 %$4,577$4,4782 %
Fertilizer4,2563,875104,2673,9299
Food & refrigerated6,6786,30666,5246,1995
Coal & renewables2,5162,181152,4372,2379
Bulk4,0043,641103,8893,6806
Industrial chemicals & plastics3,7893,54873,7173,5983

First 8 of 16 rows. The download has all of them.

Table 33 after “es from shipments to and from Mexico, which increased 9%, to $820 million, in the third quarter of 2026 driven by fuel surcharge revenues an”

Operating expenses
Three months ended September 30,Nine months ended September 30,
Millions20262025Change20262025Change
Compensation and benefits$1,2641,2144 %$3,731$3,6752 %
Fuel1,040616692,6211,79546
Purchased services and materials74668392,1281,9569
Depreciation64361841,9141,8414
Equipment and other rents206212(3)639683(6)

First 8 of 10 rows. The download has all of them.

Table 34 after “– Other expense includes state and local taxes; freight, equipment, and property damage; utilities; insurance; personal injury; environmenta”

Non-operating items
Three months ended September 30,Nine months ended September 30,
Millions20262025Change20262025Change
Other income, net$95$96(1)%$291$297(2)%
Interest expense(312)(327)(5)(945)(984)(4)
Income tax expense(650)(530)23(1,740)(1,468)19

Table 35 after “Railroad performance measures are included in the table below:”

Three months ended September 30,Nine months ended September 30,
20262025Change20262025Change
Gross ton-miles (GTMs) (billions)232.5223.04%678.3656.13%
Revenue ton-miles (billions)114.1108.95335.5320.45
Freight car velocity (daily miles per car)22822612312205
Average train speed (miles per hour) [a]24.324.2-24.823.94
Average terminal dwell time (hours) [a]19.920.4(2)19.821.3(7)
Locomotive productivity (GTMs per horsepower day)140140-1421392

First 8 of 14 rows. The download has all of them.

Table 36 after “Table of Contents”

Debt / net income
Millions, except ratios for the trailing twelve months ended [1]Sep. 30, 2026Dec. 31, 2025
Debt$30,324$31,814
Net income7,6187,138
Debt / net income4.04.5

Table 37 after “Table of Contents”

Adjusted debt / adjusted EBITDA
Millions, except ratios for the trailing twelve months ended [1]Sep. 30, 2026Dec. 31, 2025
Net income$7,618$7,138
Add:
Income tax expense2,3002,028
Depreciation2,5382,465
Interest expense1,2701,309
EBITDA$13,726$12,940

First 8 of 16 rows. The download has all of them.

Table 38 after “Financial condition”

Cash flows
Millions, for the nine months ended September 30,20262025
Cash provided by operating activities$8,302$7,065
Cash used in investing activities(3,456)(2,791)
Cash used in financing activities(3,908)(4,472)
Net change in cash, cash equivalents, and restricted cash$938$(198)

Table 39 after “The table below details cash capital investments:”

Millions, for the nine months ended September 30,20262025
Rail and other track material$406$395
Ties453447
Ballast174158
Other [a]477474
Total road infrastructure replacements1,5101,474
Line expansion and other capacity projects212184
Commercial facilities142251

First 8 of 12 rows. The download has all of them.

Table 40 after “The following table reconciles cash provided by operating activities (GAAP measure) to free cash flow (non-GAAP measure):”

Millions, for the nine months ended September 30,20262025
Cash provided by operating activities$8,302$7,065
Cash used in investing activities(3,456)(2,791)
Dividends paid(2,484)(2,418)
Free cash flow$2,362$1,856

Table 41 after “The following table reconciles cash provided by operating activities (GAAP measure) to cash flow conversion rate (non-GAAP measure):”

Millions, except percentages, for the nine months ended September 30,20262025
Cash provided by operating activities$8,302$7,065
Cash used in capital investments(2,834)(2,792)
Total (a)$5,468$4,273
Net income (b)$5,770$5,290
Cash flow conversion rate (a/b)95%81%

Table 42 after “The following table identifies material contractual obligations as of September 30, 2026:”

Oct. 1, through Dec. 31, 2026Payments Due by Dec. 31,
MillionsTotal2027202820292030After 2030
Debt [a]$56,889$189$2,455$2,402$2,360$1,816$47,667
Purchase obligations [b]1,94915057647042730224
Operating leases [c]87952224191130109173
Other post-retirement benefits [d]328936363636175
Finance lease obligations [e]742371421--
Total contractual obligations$60,119$402$3,328$3,113$2,974$2,263$48,039

Table 43 after “– The following table presents common stock repurchases during each month for the third quarter of 2026:”

PeriodTotal number of shares purchased [a]Average price paid per shareTotal number of shares purchased as part of a publicly announced plan or program [b]Maximum number of shares that may be purchased under current authority [c]
Jul. 1 through Jul. 31355$290.57-93,888,442
Aug. 1 through Aug. 311,337300.62-93,888,442
Sep. 1 through Sep. 30151284.10-93,888,442
Total1,843$297.33-N/A

Table 44 after “Item 6. Exhibits”

Exhibit No.Description
Filed with this Statement
10(a)Union Pacific Corporation Key Employee Continuity Plan, as amended and restated effective as of September 24, 2026.
10(b)Union Pacific Corporation Executive Incentive Plan, effective May 5, 2005, amended and restated effective September 24, 2026.
10(c)Union Pacific Corporation 2021 Stock Incentive Plan, effective as of May 13, 2021, amended and restated September 24, 2026.
31(a)Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.
31(b)Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.
32Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - V. James Vena and Jennifer L. Hamann.

First 8 of 14 rows. The download has all of them.