Union Pacific (UNP) Releases Q4 2025 Earnings: EPS Beats, Revenue Slightly Misses; Operating Profit Declines

Union Pacific Corporation (UNP) reported results for the fourth quarter of 2025.

Total revenue: $6.1 billion (down 0.6% year-over-year).

Gross profit: $3.4 billion (down 1.3% YoY).

Operating profit: $2.4 billion (down 4.9% YoY).

Net income attributable to common shareholders: $1.8 billion (up 4.9% YoY).

Diluted earnings per share: $3.11 (up 6.9% YoY).

How results compared with expectations:

Diluted EPS of $3.11 topped the consensus estimate of $2.90 by about $0.21.

Total revenue of $6.1 billion came in slightly below the estimate of $6.2 billion, missing by roughly $95 million.

Cash flow and balance-sheet highlights:

Cash from operating activities: $2.2 billion (down 16.4% YoY).

Capital expenditures on property, plant and equipment: $1.0 billion (up 8.4% YoY).

Cash and cash equivalents: $1.3 billion (up 24.6% YoY).

Other notable items:

Cost of sales: $2.7 billion (up 0.3% YoY).

Total liabilities: $51.2 billion (up 0.8% YoY).

Overall, Union Pacific (UNP) delivered modest revenue declines and pressure on operating profit, while net income and per-share earnings improved and beat expectations; cash from operations weakened year-over-year even as the company increased capital spending and strengthened its cash balance.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Union Pacific Corporation Hedge Fund Activity

We have seen 1,142 institutional investors add shares of Union Pacific Corporation stock to their portfolio, and 1,222 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 13,038,638 shares (+245.3%) to their portfolio in Q3 2025, for an estimated $3,081,942,864
CAPITAL WORLD INVESTORS added 6,908,016 shares (+193.3%) to their portfolio in Q3 2025, for an estimated $1,632,847,741
CAPITAL INTERNATIONAL INVESTORS removed 4,772,258 shares (-56.7%) from their portfolio in Q3 2025, for an estimated $1,128,018,623
CAPITAL RESEARCH GLOBAL INVESTORS added 4,244,226 shares (+95.0%) to their portfolio in Q3 2025, for an estimated $1,003,207,699
WELLINGTON MANAGEMENT GROUP LLP removed 4,063,897 shares (-75.1%) from their portfolio in Q3 2025, for an estimated $960,583,333
BLACKROCK, INC. added 3,482,996 shares (+7.7%) to their portfolio in Q3 2025, for an estimated $823,275,764
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 2,593,323 shares (+192.3%) to their portfolio in Q3 2025, for an estimated $612,983,757

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Union Pacific Corporation Government Contracts

We have seen $30,000 of award payments to $UNP over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

PURCHASE ORDER FOR UNION PACIFIC RAILROAD SERVICES ON CFLHD PROJECT: CA NP MOJA 11(2) 10(2) KELSO CIMA & KE...: $30,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Union Pacific Corporation Congressional Stock Trading

Members of Congress have traded $UNP stock 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $UNP stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 12/18, 11/13, 08/14.
REPRESENTATIVE SCOTT FRANKLIN has traded it 3 times. They made 3 purchases worth up to $130,000 on 10/14 and 0 sales.
REPRESENTATIVE LISA C. MCCLAIN sold up to $15,000 on 08/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Union Pacific Corporation Analyst Ratings

Wall Street analysts have issued reports on $UNP in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 10/24/2025
TD Cowen issued a "Buy" rating on 10/24/2025
Susquehanna issued a "Positive" rating on 09/25/2025

To track analyst ratings and price targets for Union Pacific Corporation, check out Quiver Quantitative's $UNP forecast page.

Union Pacific Corporation Price Targets

Multiple analysts have issued price targets for $UNP recently. We have seen 9 analysts offer price targets for $UNP in the last 6 months, with a median target of $257.0.

Here are some recent targets:

Brian Ossenbeck from JP Morgan set a target price of $270.0 on 01/12/2026
Fadi Chamoun from BMO Capital set a target price of $255.0 on 01/07/2026
Brandon Oglenski from Barclays set a target price of $285.0 on 12/16/2025
Amit Mehrotra from Deutsche Bank set a target price of $245.0 on 12/11/2025
Ariel Rosa from Citigroup set a target price of $265.0 on 10/24/2025
Jason Seidl from TD Cowen set a target price of $257.0 on 10/24/2025
Thomas Wadewitz from UBS set a target price of $253.0 on 10/03/2025