# Union Pacific (UNP) — Earnings

UNP · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/unp/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $3.41 |
| EPS estimate | $3.24 |
| EPS surprise | +5.09% |
| Revenue surprise | +2.36% |
| Revenue | $6.9B |
| Revenue estimate | $6.7B |
| Reported | Jul 23, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/100885/000010088526000250/unp-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/2d39c321-ca58-31cf-83f9-f0afee450901.html) |

Union Pacific reported Q2 2026 results on July 23, 2026. Earnings per share were $3.41, ahead of the $3.24 estimate by 5.09%. Revenue was $6.9 billion against a $6.7 billion consensus, a 2.36% beat. Compared with Q2 2025, EPS rose about 13% from $3.03 and revenue rose about 11% from $6.2 billion. Q2 2026 set the highs in the table for both EPS and revenue.

Annual EPS was $11.33 in 2022, dipped to $10.46 in 2023, then rose to $11.09 in 2024 and $11.67 in 2025. Annual revenue stayed between $24.2 billion and $25.0 billion over those four years. The first half of 2026 adds up to $6.34, about 11% more than the same period a year earlier. The low point in the table was Q3 2023, at $2.51 per share. Over the last 20 quarters, Union Pacific topped the EPS estimate 15 times. The largest miss was Q2 2023, at 6.29% below.

Union Pacific reported Q3 between October 19 and October 24 in each of the past five years. That points to late October 2026 for the next report. It will show whether revenue holds near the new high reached in Q2.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 23, 2026 | $3.24 | $3.41 | 5.09% | $6.7B | $6.9B |
| Q1 2026 | Apr 23, 2026 | $2.86 | $2.93 | 2.41% | $6.2B | $6.2B |
| Q4 2025 | Jan 27, 2026 | $2.86 | $2.86 | -0.11% | $6.1B | $6.1B |
| Q3 2025 | Oct 23, 2025 | $2.99 | $3.08 | 2.92% | $6.3B | $6.2B |
| Q2 2025 | Jul 24, 2025 | $2.91 | $3.03 | 4.02% | $6.2B | $6.2B |
| Q1 2025 | Apr 24, 2025 | $2.74 | $2.70 | -1.30% | $6.1B | $6.0B |
| Q4 2024 | Jan 23, 2025 | $2.79 | $2.91 | 4.40% | $6.1B | $6.1B |
| Q3 2024 | Oct 24, 2024 | $2.78 | $2.75 | -0.93% | $6.1B | $6.1B |
| Q2 2024 | Jul 25, 2024 | $2.70 | $2.74 | 1.32% | $6.1B | $6.0B |
| Q1 2024 | Apr 25, 2024 | $2.51 | $2.69 | 7.29% | $6.0B | $6.0B |
| Q4 2023 | Jan 25, 2024 | $2.58 | $2.71 | 5.03% | $6.1B | $6.2B |
| Q3 2023 | Oct 19, 2023 | $2.41 | $2.51 | 4.05% | $6.0B | $5.9B |
| Q2 2023 | Jul 26, 2023 | $2.74 | $2.57 | -6.29% | $6.1B | $6.0B |
| Q1 2023 | Apr 20, 2023 | $2.57 | $2.67 | 3.98% | $6.0B | $6.1B |
| Q4 2022 | Jan 24, 2023 | $2.77 | $2.64 | -4.59% | $6.3B | $6.2B |
| Q3 2022 | Oct 20, 2022 | $3.06 | $3.19 | 4.14% | $6.4B | $6.6B |
| Q2 2022 | Jul 21, 2022 | $2.84 | $2.93 | 3.06% | $6.1B | $6.3B |
| Q1 2022 | Apr 21, 2022 | $2.56 | $2.57 | 0.22% | $5.7B | $5.9B |
| Q4 2021 | Jan 20, 2022 | $2.60 | $2.66 | 2.16% | $5.6B | $5.7B |
| Q3 2021 | Oct 21, 2021 | $2.48 | $2.57 | 3.50% | $5.4B | $5.6B |

## Frequently Asked Questions

### When did Union Pacific (UNP) last report earnings?

Union Pacific last reported on Jul 23, 2026, covering fiscal Q2 2026.

### Did UNP beat earnings estimates?

Yes. Union Pacific reported EPS of $3.41 for Q2 2026 against a $3.24 estimate — a 5.09% beat.

### How much revenue did UNP report last quarter?

Union Pacific reported $6.9B in revenue for Q2 2026, against a consensus estimate of $6.7B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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