Union Pacific profit margin UNP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 28.9%
- Operating margin, 12 months
- 40.1%
- Net margin on a year earlier
- +0.2 pts
- Peer median
- 21.0%
Over the twelve months to Sep 30, 2026, Union Pacific kept 28.9% of its revenue as net profit, with an operating margin of 40.1%.
Five years earlier its net margin was 29.2%.
The median for 3 railroad stocks of a similar size is 21.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 29.1% | 40.2% |
| FY2024 | 27.8% | 40.1% |
| FY2023 | 26.4% | 37.7% |
| FY2022 | 28.1% | 39.9% |
| FY2021 | 29.9% | 42.8% |
| FY2020 | 27.4% | 40.1% |
| FY2019 | 27.3% | 39.4% |
| FY2018 | 26.1% | 37.3% |
| FY2017 | 50.4% | 38.2% |
| FY2016 | 21.2% | 36.5% |
| FY2015 | 21.9% | 36.9% |
| FY2014 | 21.6% | 36.5% |
| FY2013 | 20.0% | 33.9% |
| FY2012 | 18.8% | 32.2% |
| FY2011 | 16.8% | 29.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 28.9% | +0.2 pts | 40.1% | |
| Q2 FY26 | 28.8% | +0.4 pts | 40.0% | |
| Q1 FY26 | 29.2% | +1.4 pts | 40.2% | |
| Q4 FY25 | 29.1% | +1.3 pts | 40.2% | |
| Q3 FY25 | 28.7% | +1.4 pts | 40.6% | |
| Q2 FY25 | 28.4% | +1.5 pts | 40.3% | |
| Q1 FY25 | 27.8% | +1.2 pts | 40.1% | |
| Q4 FY24 | 27.8% | +1.4 pts | 40.1% | |
| Q3 FY24 | 27.3% | +1.0 pts | 39.5% | |
| Q2 FY24 | 26.9% | −0.3 pts | 38.8% | |
| Q1 FY24 | 26.5% | −1.4 pts | 38.0% | |
| Q4 FY23 | 26.4% | −1.7 pts | 37.7% |
Against its peers
Companies in Railroads nearest Union Pacific's size, closest first, today.
| Company | Profit margin |
|---|---|
| UNPUnion Pacific | 28.9% |
| CSXCSX | 22.2% |
| NSCNorfolk Southern | 21.0% |
| WABWestinghouse Air Brake Technologies | 10.6% |
| Peer median | 21.0% |
Where Union Pacific ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Union Pacific
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.