$UNP

UNION PACIFIC CORP

CIK:0000100885|SEC Filings
v3.25.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues:      
Total operating revenues $ 24,510 $ 24,250 $ 24,119
Operating expenses:      
Compensation and benefits 4,897 4,899 4,818
Purchased services and materials 2,626 2,520 2,616
Depreciation 2,465 2,398 2,318
Fuel 2,390 2,474 2,891
Equipment and other rents 912 920 947
Other 1,374 1,326 1,447
Total operating expenses 14,664 14,537 15,037
Operating income 9,846 9,713 9,082
Other income, net (Note 6) 629 350 491
Interest expense (1,309) (1,269) (1,340)
Income before income taxes 9,166 8,794 8,233
Income tax expense (Note 7) (2,028) (2,047) (1,854)
Net income $ 7,138 $ 6,747 $ 6,379
Share and Per Share (Note 8):      
Earnings per share - basic (in dollars per share) $ 12.00 $ 11.10 $ 10.47
Earnings per share - diluted (in dollars per share) $ 11.98 $ 11.09 $ 10.45
Weighted average number of shares - basic (in shares) 595.0 607.6 609.2
Weighted average number of shares - diluted (in shares) 595.9 608.6 610.2
Freight revenues      
Operating revenues:      
Total operating revenues $ 23,220 $ 22,811 $ 22,571
Other revenues      
Operating revenues:      
Total operating revenues $ 1,290 $ 1,439 $ 1,548