Union Pacific Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.51B | $24.25B | $24.12B | $24.88B | $21.80B | $19.53B | $21.71B | $22.83B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $9.85B | $9.71B | $9.08B | $9.92B | $9.34B | $7.83B | $8.55B | $8.52B |
| Operating Margin | 40.2% | 40.1% | 37.7% | 39.9% | 42.8% | 40.1% | 39.4% | 37.3% |
| Interest Expense | — | — | $1.34B | $1.27B | $1.16B | $1.14B | $1.05B | $870.0M |
| Pretax Income | $9.17B | $8.79B | $8.23B | $9.07B | $8.48B | $6.98B | $7.75B | $7.74B |
| Income Tax Expense | $2.03B | $2.05B | $1.85B | $2.07B | $1.96B | $1.63B | $1.83B | $1.78B |
| Net Income | $7.14B | $6.75B | $6.38B | $7.00B | $6.52B | $5.35B | $5.92B | $5.97B |
| Net Margin | 29.1% | 27.8% | 26.4% | 28.1% | 29.9% | 27.4% | 27.3% | 26.1% |
| EPS (Basic) | $12.00 | $11.10 | $10.47 | $11.24 | $9.98 | $7.90 | $8.41 | $7.95 |
| EPS (Diluted) | $11.98 | $11.09 | $10.45 | $11.21 | $9.95 | $7.88 | $8.38 | $7.91 |
| Shares Outstanding (Basic) | 595.0M | 607.6M | 609.2M | 622.7M | 653.8M | 677.3M | 703.5M | 750.9M |
| Shares Outstanding (Diluted) | 595.9M | 608.6M | 610.2M | 624.0M | 655.4M | 679.1M | 706.1M | 754.3M |
| Dividends Per Share | $5.44 | $5.28 | $5.20 | $5.08 | $4.29 | $3.88 | $3.70 | $3.06 |