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Union Pacific Corp (UNP) operating KPIs

UNPNYSERailroads, Line-Haul OperatingFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026Score 14/3031% above fair value
$304.00+2.07 (+0.69%)

Close on Oct 30, 2026Market cap $180.60BP/E 24.6Yield 1.79%

KPIs

Operating metrics that drive Union Pacific's business · fiscal year ends December 31

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Add to chartMetric
Q3 2026
2026-09-30
Q2 2026
2026-06-30
Q1 2026
2026-03-31
Q4 2025
2025-12-31
Q3 2025
2025-09-30
Q2 2025
2025-06-30
Q1 2025
2025-03-31
Q4 2024
2024-12-31
Q3 2024
2024-09-30
Q2 2024
2024-06-30
Q1 2024
2024-03-31
Q4 2023
2023-12-31
Revenue carloads3
2,293,0002,163,0002,083,0002,073,0002,163,0002,114,0002,097,0002,163,0002,167,0002,037,0001,967,0002,056,000
Bulk4
529,000514,000548,000516,000530,000519,000491,000500,000496,000466,000480,000522,000
Grain & grain products
225,000242,000243,000235,000215,000216,000214,000234,000206,000200,000210,000216,000
Fertilizer
55,00054,00052,00054,00058,00055,00049,00051,00053,00062,00047,00047,000
Food & refrigerated
40,00042,00039,00036,00041,00043,00043,00040,00045,00046,00046,00042,000
Coal & renewables
209,000176,000214,000191,000216,000205,000185,000175,000192,000158,000177,000217,000
Industrial4
606,000586,000560,000561,000574,000569,000537,000555,000560,000555,000541,000555,000
Industrial chemicals & plastics
185,000183,000181,000176,000182,000177,000169,000170,000169,000169,000164,000161,000
Metals & minerals
209,000196,000183,000189,000193,000191,000174,000179,000186,000184,000170,000189,000
Forest products
54,00053,00049,00048,00052,00052,00051,00052,00053,00055,00053,00052,000
Energy & specialized markets
158,000154,000147,000148,000147,000149,000143,000154,000152,000147,000154,000153,000
Premium2
1,158,0001,063,000975,000996,0001,059,0001,026,0001,069,0001,108,0001,111,0001,016,000946,000979,000
Automotive
202,000210,000183,000190,000199,000209,000195,000197,000202,000218,000207,000197,000
Intermodal
956,000853,000792,000806,000860,000817,000874,000911,000909,000798,000739,000782,000
Revenue ton-miles (millions)(M)3
114,081109,948111,498106,521108,855107,550104,011104,424104,03599,992101,265104,943
Bulk(M)4
54,23452,41157,86153,34353,71952,65849,32947,93747,87744,60947,73650,588
Grain & grain products(M)
22,98524,12024,09423,72221,64621,48621,14423,20720,45119,99520,64921,166
Fertilizer(M)
3,2643,4063,7953,5023,5013,3463,4313,2913,0563,5703,2872,960
Food & refrigerated(M)
4,5034,5944,3284,0804,5594,7094,5404,3134,6244,6934,9174,586
Coal & renewables(M)
23,48220,29125,64422,03924,01323,11720,21417,12619,74616,35118,88321,876
Industrial(M)4
35,01933,77631,65031,09932,12132,11230,82331,52931,67232,26231,65831,548
Industrial chemicals & plastics(M)
8,4438,3828,1047,6968,0878,0047,7377,4577,4838,0697,4277,040
Metals & minerals(M)
9,8989,3258,5538,4868,6668,5648,0988,0138,4148,3018,0658,712
Forest products(M)
5,4555,4075,0144,9575,3365,5335,2695,3695,3555,6635,5805,447
Energy & specialized markets(M)
11,22310,6629,9799,96010,03210,0119,71910,69010,42010,22910,58610,349
Premium(M)2
24,82823,76121,98722,07923,01522,78023,85924,95824,48623,12121,87122,807
Automotive(M)
4,5144,8104,1524,2574,4954,7564,4444,4524,5584,8794,5364,369
Intermodal(M)
20,31418,95117,83517,82218,52018,02419,41520,50619,92818,24217,33518,438
Gross ton-miles (millions)(M)
232,506225,163220,582217,566223,029220,258212,792218,558215,993206,806206,029214,570
Average revenue per car($)3
2,9713,0142,8292,7782,7402,7642,7142,6772,6622,7682,8552,822
Bulk($)4
4,0043,9713,7003,7193,6413,6593,7443,7233,6413,6923,7873,712
Grain & grain products($)
4,8374,5684,3454,4144,5324,4674,4344,5324,4984,4934,4944,580
Fertilizer($)
4,2563,9954,5644,0953,8753,6274,3393,9183,8723,3114,2714,085
Food & refrigerated($)
6,6786,4746,4146,3526,3066,2376,0586,1526,0995,9436,2316,174
Coal & renewables($)
2,5162,5462,2702,2552,1812,2832,2502,0122,1012,1562,1892,281
Industrial($)4
4,1364,0753,9113,7713,8283,8853,8773,7713,7913,8253,8863,742
Industrial chemicals & plastics($)
3,7893,7393,6203,4783,5483,6473,6013,4453,5343,5073,4863,353
Metals & minerals($)
3,1853,1793,0282,8632,9442,9502,9862,8202,8472,8853,0302,860
Forest products($)
6,9116,6866,5056,3876,3156,5086,2646,2106,1576,2496,2976,326
Energy & specialized markets($)
4,8574,7114,5054,4504,4624,4394,4334,4124,4154,4624,4164,347
Premium($)2
1,8891,9661,7181,7311,7011,6881,6581,6561,6571,7661,7921,824
Automotive($)
3,3243,3503,0583,0653,0273,0342,9712,9522,9683,0332,9473,061
Intermodal($)
1,5861,6261,4081,4181,3931,3451,3641,3761,3651,4211,4681,515
Freight revenues($M)3
6,8136,5185,8935,7595,9275,8435,6915,7895,7685,6385,6165,801
Bulk($M)4
2,1162,0432,0261,9191,9301,9011,8361,8641,8051,7211,8171,938
Grain & grain products($M)
1,0851,1061,0571,0379759649501,061923901943986
Fertilizer($M)
234217236218227201210199208203201194
Food & refrigerated($M)
272272247233258267260253269278285264
Coal & renewables($M)
525448486431470469416351405339388494
Industrial($M)4
2,5092,3862,1912,1162,1942,2122,0822,0922,1212,1232,1042,078
Industrial chemicals & plastics($M)
701685655612647646607582598593572538
Metals & minerals($M)
666621555543568561521507529530515540
Forest products($M)
371356318302327340321324322342338335
Energy & specialized markets($M)
771724663659652665633679672658679665
Premium($M)2
2,1882,0891,6761,7241,8031,7301,7731,8331,8421,7941,6951,785
Automotive($M)
671703560581604632581581601659611600
Intermodal($M)
1,5171,3861,1161,1431,1991,0981,1921,2521,2411,1351,0841,185
Operating ratio(%)1
59.1%59.7%60.5%60.5%59.2%59.0%60.7%58.7%60.3%60.0%60.7%60.9%
Adjusted operating ratio (non-GAAP)(%)
58.8%59.2%59.9%60.0%58.5%58.1%58.1%60.4%
Freight car velocity (daily miles per car)
228231235239226221215219210201203217
Average train speed (mph)
242526262424242423232425
Average terminal dwell time (hours)
202020202021222222232423
Train length (feet)
9,9699,8909,7469,7299,8019,6899,4909,4629,5809,5449,2879,413
Locomotive productivity (GTMs per horsepower day)
140142144141140141136136135134135140
Workforce productivity (car miles per employee per day)
1,2191,1761,1631,1511,1651,1241,0911,1181,1021,0311,0001,051
Intermodal service performance index(%)
92.0%95.0%98.0%100.0%98.0%99.0%94.0%89.0%86.0%93.0%95.0%96.0%
Manifest service performance index(%)
93.0%95.0%98.0%100.0%100.0%97.0%93.0%96.0%89.0%84.0%87.0%91.0%
Total employees (average)
28,54028,78628,64728,41828,87129,71130,14629,78929,94630,55631,05230,559
Average fuel price per gallon consumed($)
4.213.862.692.492.562.422.512.412.602.732.813.16
Fuel consumed (millions of gallons)(M)
240237235234235232236236229223230234
Fuel consumption rate (gallons per 1,000 GTMs)
111111111111
Fuel surcharge revenue($M)
1,2001,000608602569565635669665
Freight revenue from shipments to / from Mexico($M)
820828729752751719724744790
Other revenues($M)3
384346324326317311336332323369415358
Other subsidiary revenues($M)
201194175171172181194180179212217191
Accessorial revenues($M)
157129126126124107118127122131174142
Other($M)
2623232921232425222624
Average employees by job group (UPRR)6
Executives, officials & staff assistants3
3,0373,0763,0803,0242,9102,8902,8812,9242,9403,0003,099
Professional & administrative3
1,6551,6651,6501,6531,7281,7901,7701,7901,8221,8521,865
Maintenance of way & structures3
7,7027,7217,7367,7987,8317,7317,7007,7147,8337,7437,837
Maintenance of equipment & stores3
3,8343,7923,8293,9624,1484,1614,1164,0464,3664,5094,641
Transportation (other than train & engine)3
633637675708731744772777791789799
Transportation (train & engine)5
14,04913,91514,04414,15814,54314,71714,73614,84414,97714,86114,685
Operating revenues (USOA)4
Freight (Account 101)($M)
6,5185,8935,7595,9265,8445,6915,7905,7685,6385,6165,801
Passenger (Account 102 — Metra commuter service)($M)
17.815.516.518.817.414.415.8171613.514.6
Other operating revenue($M)
303285288278269299293285330383323
Joint facility($M)
5.905.203.705.705.807.507.705.907.407.308
Operating expenses (USOA)5
Way & structures2
Depreciation — road($M)
499497488483479476472468476450464
All other way & structures($M)
401397419396383398390393362370401
Equipment2
Depreciation — equipment($M)
179174172171170169171170169168164
All other equipment($M)
517516549508516517539548507531574
Transportation — train, yard & yard common($M)
1,9421,6161,4591,4981,4271,4851,7341,3831,5051,5561,685
Transportation — specialized services & administration($M)
162153207209207211117230189172211
General & administrative($M)
405399423429485435235527463453286
Expenses to revenues (STB ratio)(%)2
60.0%60.5%61.2%59.3%59.8%61.4%59.9%61.2%61.3%61.5%61.6%
Total maintenance to revenues(%)
23.3%25.6%26.8%25.0%25.2%25.9%25.7%26.0%25.2%25.2%26.1%
Transportation to revenues(%)
30.7%28.5%27.4%27.4%26.6%28.2%30.3%26.5%28.3%28.7%30.9%
Revenue tons carried (millions)(M)1
120120118121119113116114112110118
Revenue ton-miles (millions, CBS)(M)
109,949111,497106,520108,855107,550104,011104,424104,03599,992101,265104,943
Gross additions & betterments2
Road($M)
652593708730715570745674629485458
Equipment($M)
289359293285253389276143380330382
Transportation property — net($M)2
57,63457,39857,09256,83956,46456,15955,80055,50755,34255,12354,940
Materials & supplies($M)
918838787782773747769775807770743
Investments in affiliates($M)
6,5465,4663,4767,7135,4464,3782,6982,2522,6872,6342,588
Locomotive fuel cost (Ex Parte 661)($M)3
937642594615576603581610625658758
Fuel consumed (millions of gallons)(M)
243240240241239241242235230235240
Fuel surcharge revenue — all traffic($M)
1,028608603603568565588635670665795
Fuel surcharge revenue — STB-regulated traffic($M)
87.75757.149.251.450.759.258.566.671.390.5
Personal injury liability (period end)($M)3
409417406389370365393387376
Current portion($M)
928895105109117114109112
Estimated range — low($M)
409417406389370365
Estimated range — high($M)
457466523508487480
Environmental liability (period end)($M)1
274261262257255264269273254
Current portion($M)
65656266697611911992
Open environmental sites (year end)3
Sites identified (current)
346345346361353352
Sites with government action
303029293031
Superfund sites
181817171819
TTX car hire expense($M)3
11811110511111510911211111210710293
UPRR ownership of TTX(%)
37.0%37.0%37.0%37.0%37.0%37.0%37.0%37.0%37.0%
Investment in TTX($M)
2,0002,0002,0002,0001,9001,900
Accounts payable to TTX($M)
787470757174
Contractual obligations (total)($M)5
60,11960,89961,61362,84964,55764,76862,30363,48164,111
Debt (incl. interest)($M)
56,88957,30957,83359,63561,09461,29858,29859,21259,413
Operating leases($M)
8799429571,1661,2801,1761,4161,4451,487
Finance leases($M)
748790117132136125140154
Purchase obligations($M)
1,9492,2242,3871,5821,6931,7902,0822,3132,675
Other postretirement benefits($M)
328337346349358368382371382
Adjusted diluted EPS($)
3.533.412.932.863.083.032.962.71
Adjusted net income($M)
2,0982,0281,7371,7001,8291,8031,7921,655
Adjusted operating income($M)
2,9652,7982,4942,4312,5902,5802,5652,377
Merger-related (Norfolk Southern) expenses($M)
2235363041
Operating expenses($M)6
4,2544,1013,7593,6843,6953,6293,6563,5963,6753,6073,6593,752
Compensation & benefits($M)
1,2641,2401,2271,2221,2141,2491,2121,2611,2281,1871,2231,169
Purchased services & materials($M)
746709673670683642631619644644613645
Fuel($M)
1,040938643595616576603581610625658759
Depreciation($M)
643638633624618613610606602596594589
Equipment & other rents($M)
206214219229212230241248237219216229
Other($M)
355362364344352319359281354336355361
Revenue($M)1
7,1976,8646,2176,0856,2446,1546,0276,1216,0916,0076,0316,159
Freight revenues($M)
6,8136,5185,8935,7595,9275,8435,6915,7895,7685,6385,6165,801
Operating income($M)
2,9432,7632,4582,4012,5492,5252,3712,5252,4162,4002,3722,407
Net income($M)
2,0761,9931,7011,8481,7881,8761,6261,7621,6711,6731,6411,652
Operating cash flow($M)
3,0762,4402,2252,5222,3332,2102,6622,6511,9112,1222,395
Capital expenditures($M)
8739379999509369069228319027971,024

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Calendar fiscal year. Union Pacific's operating subsidiary is Union Pacific Railroad (UPRR, reporting mark UP).
  • Volume, pricing and network metrics come from the operating statistics in each quarterly earnings release. Fleet, track, capital program, safety, TTX, Mexico and fuel-surcharge figures come from the 10-K / 10-Q.
  • STB data (Surface Transportation Board): monthly employment by job group is filed about a month after period end; UPRR's quarterly statutory reports (RE&I, CBS, wage statistics, fuel) lag the 10-Q by about a quarter, so their continuity is checked against the latest STB quarter. STB figures follow the Uniform System of Accounts for UPRR alone and differ slightly from Union Pacific Corporation's GAAP figures.
  • The 2026 column of 'Capital plan' is the plan given in the FY2025 10-K.
  • All figures are as published by Union Pacific or the STB; no ratios, totals or estimates are added. The only arithmetic is splitting reported totals into quarters: Q4 = full year (10-K) − nine months (10-Q), and quarterly cash flows = year-to-date − previous year-to-date (shown in italics).
  • Union Pacific Corporation is a holding company reporting under U.S. GAAP without parent-only statements, so there is no consolidated − parent split.
  • Merger: Union Pacific agreed on July 28, 2025 to acquire Norfolk Southern (1 UNP share + $88.82 cash per NSC share); share buybacks are paused while the STB reviews the deal.
  • A metric is shown only when the three most recent quarters (months) all have data; annual-only metrics need the two latest fiscal years. Fuel surcharge and Mexico revenue are published for Q1–Q3 and the full year only.

Not shown because recent periods are missing (34)

  • Freight volume by business group & commodity › Revenue carloads › Agricultural products (legacy, to 2019)
  • Freight volume by business group & commodity › Revenue carloads › Energy (legacy, 2017–2019)
  • Freight volume by business group & commodity › Revenue carloads › Chemicals (legacy, to 2017)
  • Freight volume by business group & commodity › Revenue carloads › Industrial products (legacy, to 2017)
  • Freight volume by business group & commodity › Revenue ton-miles (millions) › Agricultural products (legacy, to 2019)
  • Freight volume by business group & commodity › Revenue ton-miles (millions) › Energy (legacy, 2017–2019)
  • Freight volume by business group & commodity › Revenue ton-miles (millions) › Chemicals (legacy, to 2017)
  • Freight volume by business group & commodity › Revenue ton-miles (millions) › Industrial products (legacy, to 2017)
  • Pricing — revenue per car & freight revenue by commodity › Average revenue per car › Agricultural products (legacy, to 2019)
  • Pricing — revenue per car & freight revenue by commodity › Average revenue per car › Energy (legacy, 2017–2019)
  • Pricing — revenue per car & freight revenue by commodity › Average revenue per car › Chemicals (legacy, to 2017)
  • Pricing — revenue per car & freight revenue by commodity › Average revenue per car › Industrial products (legacy, to 2017)
  • Pricing — revenue per car & freight revenue by commodity › Freight revenues › Agricultural products (legacy, to 2019)
  • Pricing — revenue per car & freight revenue by commodity › Freight revenues › Energy (legacy, 2017–2019)
  • Pricing — revenue per car & freight revenue by commodity › Freight revenues › Chemicals (legacy, to 2017)
  • Pricing — revenue per car & freight revenue by commodity › Freight revenues › Industrial products (legacy, to 2017)
  • Union Pacific Railroad (UPRR) — statutory STB reports › Operating revenues (USOA)
  • Union Pacific Railroad (UPRR) — statutory STB reports › Operating expenses (USOA) › Way & structures
  • Union Pacific Railroad (UPRR) — statutory STB reports › Operating expenses (USOA) › Equipment
  • Union Pacific Railroad (UPRR) — statutory STB reports › Operating expenses (USOA)
  • Union Pacific Railroad (UPRR) — statutory STB reports › Gross additions & betterments
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars loaded › Railroad-owned cars (all types)
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars loaded › Private (shipper-owned) cars (all types)
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars loaded
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars terminated on line › Railroad-owned cars (all types)
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars terminated on line › Private (shipper-owned) cars (all types)
  • Cars loaded & terminated by car type and ownership (STB Form 54, annual) › Cars terminated on line
  • Capital investment & property › Cash capital investments › Positive train control
  • Capital investment & property › Track program › Track miles of rail replaced
  • Capital investment & property › Track program › Track miles rebuilt / surfaced
  • Capital investment & property › Track program › New ties installed (thousands)
  • Contractual obligations (forward commitments) › Contractual obligations (total) › Income tax contingencies
  • Class I railroad benchmarks (STB) › Union Pacific — STB return on investment › Kansas City Southern (to 2022)
  • Class I railroad benchmarks (STB) › Union Pacific — STB return on investment › Soo Line (to 2022)

Data updated 2026-10-26.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Freight volume by business group & commodity

Pricing — revenue per car & freight revenue by commodity

Network operations & productivity

Revenue levers — fuel surcharge, Mexico, other revenues

Workforce — monthly headcount (STB)

Workforce — hours, overtime & pay by job group (STB, quarterly)

Union Pacific Railroad (UPRR) — statutory STB reports

Cars loaded & terminated by car type and ownership (STB Form 54, annual)

Network, locomotives & freight car fleet (10-K, year end)

Capital investment & property

Safety, personal injury & environmental

TTX Company — rail car pool (equity investee)

Share repurchases

Contractual obligations (forward commitments)

Class I railroad benchmarks (STB)

Non-GAAP measures & returns (as published)

Operating expenses by category (earnings release)

Financial context (database)