Earnings recap · UNP
Union Pacific Q3 2026 results
What Union Pacific reported for Jul to Sep 2026, compared with the same quarter a year earlier, from the press release it filed with the SEC.
10-Q filed Union Pacific filed its quarterly report for this quarter on Oct 22, 2026. Read the 10-Q on SEC EDGAR. The figures below are from the earlier press release; the 10-Q has the full statements and notes.
The headline numbers
Union Pacific reported revenue of $7.2B for Q3 2026, compared with $6.2B a year earlier (+15.3%). Net income was $2.1B, compared with $1.8B (+16.1%), and diluted earnings per share were $3.49, compared with $3.01. These are GAAP figures, prepared under the standard accounting rules. How EPS is calculated.
Comparing Q3 2026 (Jul to Sep 2026) with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows both periods. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Revenue and profit (GAAP)
Source: Exhibit 99.1 to Union Pacific's 8-K filed Oct 22, 2026
Per share (GAAP)
Source: Exhibit 99.1 to Union Pacific's 8-K filed Oct 22, 2026
Cash flow, the first nine months (GAAP)
Source: Exhibit 99.1 to Union Pacific's 8-K filed Oct 22, 2026
| Line | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $7,197M | $6,244M | +15.3% |
| Operating income | $2,943M | $2,549M | +15.5% |
| Net income | $2,076M | $1,788M | +16.1% |
| Diluted EPS | $3.49 | $3.01 | +15.9% |
Change is worked out by Ticker Sage from the two figures shown. Operating margin, operating income as a share of revenue, was 40.9% compared with 40.8%. What profit margins measure.
Cash flow
| Line | Jan to Sep 2026 | Jan to Sep 2025 | Change |
|---|---|---|---|
| Cash from operations, first nine months | $8,302M | $7,065M | +17.5% |
The release reports cash flow for the first nine months of the fiscal year, so these columns cover that longer period, not the quarter alone. How free cash flow works.
What management said
"Union Pacific's third quarter results demonstrate our ability to safely deliver the service we sold to our customers while efficiently handling six percent volume growth"
Union Pacific's outlook
The release's outlook section says:
Meeting increased customer demand with strong service; mixed economic forecast.
These are the company's own forecasts, quoted from the release, and forecasts can change. The release lists the assumptions and risks behind them.
What to look for in the 10-Q
The press release has the headline tables. The 10-Q adds the full statements, the notes and management's discussion, including:
- Segment detail. Revenue and profit by business, and the reasons the company gives for changes.
- Items the adjusted measures leave out. Where those charges sit in the GAAP statements.
- Debt and risk factors. Any changes to borrowings and the risk factors section since the 10-K.
How an 8-K, a 10-Q and a 10-K differ. When the 10-Q is filed, the box at the top of this page links to it.
Sources
- Exhibit 99.1: press release and financial tables, filed Oct 22, 2026
- Form 8-K filing index on SEC EDGAR
- Union Pacific Form 10-K for fiscal 2025
Common questions
When did Union Pacific report Q3 2026 results?
Union Pacific filed its Q3 2026 press release with the SEC on Oct 22, 2026, as Exhibit 99.1 to a Form 8-K under Item 2.02 (Results of Operations and Financial Condition).
What were Union Pacific's revenue and EPS for Q3 2026?
Revenue was $7.2B, compared with $6.2B in Q3 2025. Diluted EPS was $3.49, compared with $3.01.
Has Union Pacific filed its 10-Q for Q3 2026?
Yes. Union Pacific filed the 10-Q on Oct 22, 2026.
Union Pacific company file → · Union Pacific filings news · Learn
Disclosures
- Editor holdings in UNP
- The editor holds no position in Union Pacific (UNP). As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links.
- Sources
- Union Pacific's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
A summary of a public filing for general education, the same for every reader. Not a recommendation to buy, sell or hold UNP. It reports what the company said and doesn't compare the results with forecasts by anyone else.