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Union Pacific

NYSE: UNP · USD

Union Pacific cash flow and EPS90

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$1,718M
Union Pacific capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q275.3% · $558MUnavailableUnavailable18.35% · $136M6.34% · $47M100% · $741M
FY 2009 Q369.24% · $752MUnavailableUnavailable12.52% · $136M18.23% · $198M100% · $1,086M
FY 2009 Q475.34% · $553MUnavailableUnavailable18.53% · $136M6.13% · $45M100% · $734M
FY 2010 Q140.91% · $461MUnavailableUnavailable11.98% · $135M47.12% · $531M100% · $1,127M
FY 2010 Q254.79% · $595MUnavailableUnavailable12.62% · $137M32.6% · $354M100% · $1,086M
FY 2010 Q374.64% · $630MUnavailableUnavailable19.67% · $166M5.69% · $48M100% · $844M
FY 2010 Q455.32% · $796MUnavailableUnavailable11.4% · $164M33.29% · $479M100% · $1,439M
FY 2011 Q168.8% · $602MUnavailableUnavailable21.26% · $186M9.94% · $87M100% · $875M
FY 2011 Q279.41% · $725MUnavailableUnavailable20.59% · $188MUnavailable100% · $913M
FY 2011 Q379.27% · $891MUnavailableUnavailable20.73% · $233MUnavailable100% · $1,124M
FY 2011 Q480.64% · $958MUnavailableUnavailable19.36% · $230MUnavailable100% · $1,188M
FY 2012 Q173.56% · $804MUnavailableUnavailable26.44% · $289MUnavailable100% · $1,093M
FY 2012 Q277.97% · $1,012MUnavailableUnavailable22.03% · $286MUnavailable100% · $1,298M
FY 2012 Q378.81% · $1,060MUnavailableUnavailable21.19% · $285MUnavailable100% · $1,345M
FY 2012 Q459.74% · $862MUnavailable20.44% · $295M19.82% · $286MUnavailable100% · $1,443M
FY 2013 Q152.87% · $782MUnavailable25.29% · $374M21.84% · $323MUnavailable100% · $1,479M
FY 2013 Q254.8% · $948MUnavailable26.53% · $459M18.67% · $323MUnavailable100% · $1,730M
FY 2013 Q349.56% · $905MUnavailable32.8% · $599M17.63% · $322MUnavailable100% · $1,826M
FY 2013 Q442.79% · $861MUnavailable39.07% · $786M18.14% · $365MUnavailable100% · $2,012M
FY 2014 Q147% · $893MUnavailable33.89% · $644M19.11% · $363MUnavailable100% · $1,900M
FY 2014 Q249.08% · $1,175MUnavailable33.67% · $806M17.25% · $413MUnavailable100% · $2,394M
FY 2014 Q347.65% · $1,158MUnavailable35.47% · $862M16.87% · $410MUnavailable100% · $2,430M
FY 2014 Q445.18% · $1,120MUnavailable36.83% · $913M17.99% · $446MUnavailable100% · $2,479M
FY 2015 Q139.11% · $1,101MUnavailable28.13% · $792M32.75% · $922MUnavailable100% · $2,815M
FY 2015 Q246.12% · $1,106MUnavailable33.9% · $813M19.97% · $479MUnavailable100% · $2,398M
FY 2015 Q340.12% · $1,116MUnavailable42.77% · $1,190M17.11% · $476MUnavailable100% · $2,782M
FY 2015 Q453.86% · $1,327MUnavailable27.19% · $670M18.95% · $467MUnavailable100% · $2,464M
FY 2016 Q136.98% · $687MUnavailable38% · $706M25.03% · $465MUnavailable100% · $1,858M
FY 2016 Q247.3% · $903MUnavailable28.6% · $546M24.1% · $460MUnavailable100% · $1,909M
FY 2016 Q343.73% · $1,014MUnavailable36.57% · $848M19.71% · $457MUnavailable100% · $2,319M
FY 2016 Q437.49% · $901MUnavailable41.82% · $1,005M20.68% · $497MUnavailable100% · $2,403M
FY 2017 Q139.33% · $811MUnavailable36.81% · $759M23.86% · $492MUnavailable100% · $2,062M
FY 2017 Q236.73% · $778MUnavailable40.23% · $852M23.04% · $488MUnavailable100% · $2,118M
FY 2017 Q331.09% · $790MUnavailable50.02% · $1,271M18.89% · $480MUnavailable100% · $2,541M
FY 2017 Q434.2% · $859MUnavailable45.02% · $1,131M20.78% · $522MUnavailable100% · $2,512M
FY 2018 Q134.42% · $910MUnavailable44.1% · $1,166M21.48% · $568MUnavailable100% · $2,644M
FY 2018 Q210.37% · $704MUnavailable81.42% · $5,527M8.21% · $557MUnavailable100% · $6,788M
FY 2018 Q346.89% · $814MUnavailable19.07% · $331M34.04% · $591MUnavailable100% · $1,736M
FY 2018 Q436.13% · $1,009MUnavailable43% · $1,201M20.87% · $583MUnavailable100% · $2,793M
FY 2019 Q117.23% · $752MUnavailable68.43% · $2,987M14.34% · $626MUnavailable100% · $4,365M
FY 2019 Q239% · $808MUnavailable30.98% · $642M30.02% · $622MUnavailable100% · $2,072M
FY 2019 Q329.73% · $935MUnavailable48.74% · $1,533M21.53% · $677MUnavailable100% · $3,145M
FY 2019 Q442.15% · $958MUnavailable28.24% · $642M29.61% · $673MUnavailable100% · $2,273M
FY 2020 Q120.06% · $807MUnavailable63.53% · $2,556M16.41% · $660MUnavailable100% · $4,023M
FY 2020 Q254.58% · $792MUnavailable0% · $0M45.42% · $659MUnavailable100% · $1,451M
FY 2020 Q339.71% · $695MUnavailable22.86% · $400M37.43% · $655MUnavailable100% · $1,750M
FY 2020 Q431.12% · $633MUnavailable36.82% · $749M32.06% · $652MUnavailable100% · $2,034M
FY 2021 Q121.16% · $536MUnavailable53.18% · $1,347M25.66% · $650MUnavailable100% · $2,533M
FY 2021 Q215.98% · $654MUnavailable66.91% · $2,738M17.11% · $700MUnavailable100% · $4,092M
FY 2021 Q323.51% · $755MUnavailable54.84% · $1,761M21.64% · $695MUnavailable100% · $3,211M
FY 2021 Q431.06% · $991MUnavailable45.28% · $1,445M23.66% · $755MUnavailable100% · $3,191M
FY 2022 Q119.57% · $848MUnavailable63.29% · $2,743M17.14% · $743MUnavailable100% · $4,334M
FY 2022 Q234.06% · $797MUnavailable31.2% · $730M34.74% · $813MUnavailable100% · $2,340M
FY 2022 Q326.97% · $1,045MUnavailable52.23% · $2,024M20.8% · $806MUnavailable100% · $3,875M
FY 2022 Q437.02% · $930MUnavailable31.25% · $785M31.73% · $797MUnavailable100% · $2,512M
FY 2023 Q136.04% · $772MUnavailable26.84% · $575M37.11% · $795MUnavailable100% · $2,142M
FY 2023 Q247.5% · $835MUnavailable7.39% · $130M45.11% · $793MUnavailable100% · $1,758M
FY 2023 Q355.18% · $975MUnavailable0% · $0M44.82% · $792MUnavailable100% · $1,767M
FY 2023 Q456.36% · $1,024MUnavailable0% · $0M43.64% · $793MUnavailable100% · $1,817M
FY 2024 Q150.06% · $797MUnavailable0% · $0M49.94% · $795MUnavailable100% · $1,592M
FY 2024 Q250.25% · $902MUnavailable5.57% · $100M44.18% · $793MUnavailable100% · $1,795M
FY 2024 Q334.96% · $831MUnavailable30.75% · $731M34.29% · $815MUnavailable100% · $2,377M
FY 2024 Q438.32% · $922MUnavailable28.01% · $674M33.67% · $810MUnavailable100% · $2,406M
FY 2025 Q128.95% · $906MUnavailable45.37% · $1,420M25.69% · $804MUnavailable100% · $3,130M
FY 2025 Q231.3% · $936MUnavailable42.11% · $1,259M26.59% · $795MUnavailable100% · $2,990M
FY 2025 Q353.7% · $950MUnavailable0% · $0M46.3% · $819MUnavailable100% · $1,769M
FY 2025 Q454.98% · $999MUnavailable0% · $0M45.02% · $818MUnavailable100% · $1,817M
FY 2026 Q153.3% · $937MUnavailable0% · $0M46.7% · $821MUnavailable100% · $1,758M
FY 2026 Q250.81% · $873MUnavailable1.51% · $26M47.67% · $819MUnavailable100% · $1,718M
Jun 30, 2009 through Jun 30, 2026

Latest period omits acquisitions, debt repayments. Percentages cover tracked uses. SBC is noncash and excluded.

Operating cash flow

USD millions

$3,076M

Capital expenditures

USD millions

$873M

Free cash flow

USD millions

$2,203M

Stock-based compensation

USD millions

—

Unavailable for FY 2026 Q2.

SBC / free cash flow

% · FCF before SBC deduction

—

Unavailable for FY 2026 Q2.

SBC / operating cash flow

%

—

Unavailable for FY 2026 Q2.

Software & intangible investment

USD millions

—

Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.

Diluted EPS

USD per share

$3.36

Quarterly data

Union Pacific cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 30, 20263,0768732,203————$3.36
FY 2026 Q1Mar 31, 20262,4409371,503————$2.87
FY 2025 Q4Dec 31, 20252,2259991,226—————
FY 2025 Q3Sep 30, 20252,5229501,572————$3.01
FY 2025 Q2Jun 30, 20252,3339361,397————$3.15
FY 2025 Q1Mar 31, 20252,2109061,304————$2.7
FY 2024 Q4Dec 31, 20242,6629221,740—————
FY 2024 Q3Sep 30, 20242,6518311,820331.81%1.24%—$2.75
FY 2024 Q2Jun 30, 20241,9119021,009282.78%1.47%—$2.74
FY 2024 Q1Mar 31, 20242,1227971,325261.96%1.23%—$2.69
FY 2023 Q4Dec 31, 20232,3951,0241,371231.68%0.96%——
FY 2023 Q3Sep 30, 20232,1269751,151322.78%1.51%—$2.51
FY 2023 Q2Jun 30, 20232,0188351,183242.03%1.19%—$2.57
FY 2023 Q1Mar 31, 20231,8407721,068282.62%1.52%—$2.67
FY 2022 Q4Dec 31, 20222,2929301,362221.62%0.96%——
FY 2022 Q3Sep 30, 20222,9031,0451,858211.13%0.72%—$3.05
FY 2022 Q2Jun 30, 20221,9317971,134262.29%1.35%—$2.93
FY 2022 Q1Mar 31, 20222,2368481,388302.16%1.34%—$2.57
FY 2021 Q4Dec 31, 20212,5299911,538221.43%0.87%——
FY 2021 Q3Sep 30, 20212,2847551,529241.57%1.05%—$2.57
FY 2021 Q2Jun 30, 20212,2616541,607221.37%0.97%—$2.72
FY 2021 Q1Mar 31, 20211,9585361,422201.41%1.02%—$2
FY 2020 Q4Dec 31, 20202,5476331,914160.84%0.63%—$2.05
FY 2020 Q3Sep 30, 20201,601695906171.88%1.06%—$2.01
FY 2020 Q2Jun 30, 20202,2377921,445181.25%0.8%—$1.67
FY 2020 Q1Mar 31, 20202,1558071,348221.63%1.02%—$2.15
FY 2019 Q4Dec 31, 20192,3459581,387181.3%0.77%—$2.02
FY 2019 Q3Sep 30, 20192,3649351,429241.68%1.02%—$2.22
FY 2019 Q2Jun 30, 20191,9418081,133242.12%1.24%—$2.22
FY 2019 Q1Mar 31, 20191,9597521,207272.24%1.38%—$1.93
FY 2018 Q4Dec 31, 20182,3121,0091,303191.46%0.82%—$2.12
FY 2018 Q3Sep 30, 20182,3418141,527261.7%1.11%—$2.15
FY 2018 Q2Jun 30, 20182,1327041,428261.82%1.22%—$1.98
FY 2018 Q1Mar 31, 20181,901910991252.52%1.32%—$1.68
FY 2017 Q4Dec 31, 20171,832859973202.06%1.09%—$9.25
FY 2017 Q3Sep 30, 20171,9397901,149302.61%1.55%—$1.5
FY 2017 Q2Jun 30, 20171,576778798273.38%1.71%—$1.45
FY 2017 Q1Mar 31, 20171,8838111,072262.43%1.38%—$1.32
FY 2016 Q4Dec 31, 20162,0589011,157211.82%1.02%—$1.39
FY 2016 Q3Sep 30, 20161,9421,014928202.16%1.03%—$1.36
FY 2016 Q2Jun 30, 20161,352903449245.35%1.78%—$1.17
FY 2016 Q1Mar 31, 20162,1736871,486171.14%0.78%—$1.16
FY 2015 Q4Dec 31, 20151,7191,327392194.85%1.11%—$1.31
FY 2015 Q3Sep 30, 20151,8521,116736253.4%1.35%—$1.5
FY 2015 Q2Jun 30, 20151,7091,106603264.31%1.52%—$1.38
FY 2015 Q1Mar 31, 20152,0641,101963282.91%1.36%—$1.3
FY 2014 Q4Dec 31, 20142,0271,120907212.32%1.04%—$1.61
FY 2014 Q3Sep 30, 20142,1371,158979282.86%1.31%—$1.53
FY 2014 Q2Jun 30, 20141,4541,1752792810.04%1.93%—$1.43
FY 2014 Q1Mar 31, 20141,767893874354%1.98%—$1.19
FY 2013 Q4Dec 31, 20131,9428611,081211.94%1.08%—$1.28
FY 2013 Q3Sep 30, 20131,663905758263.43%1.56%—$1.24
FY 2013 Q2Jun 30, 20131,694948746263.49%1.53%—$1.19
FY 2013 Q1Mar 31, 20131,524782742253.37%1.64%—$1.02
FY 2012 Q4Dec 31, 20121,795862933192.04%1.06%—$1.1
FY 2012 Q3Sep 30, 20121,5901,060530254.72%1.57%—$1.1
FY 2012 Q2Jun 30, 20121,3721,012360246.67%1.75%—$1.05
FY 2012 Q1Mar 31, 20121,404804600254.17%1.78%—$0.9
FY 2011 Q4Dec 31, 20111,539958581172.93%1.1%—$1
FY 2011 Q3Sep 30, 20111,694891803222.74%1.3%—$0.93
FY 2011 Q2Jun 30, 20111,346725621213.38%1.56%—$0.8
FY 2011 Q1Mar 31, 20111,294602692223.18%1.7%—$0.65
FY 2010 Q4Dec 31, 20101,385796589162.72%1.16%—$0.78
FY 2010 Q3Sep 30, 20101,025630395205.06%1.95%—$0.78
FY 2010 Q2Jun 30, 20101,039595444214.73%2.02%—$0.7
FY 2010 Q1Mar 31, 2010656461195178.72%2.59%—$0.51
FY 2009 Q4Dec 31, 20091,012553459173.7%1.68%—$0.54
FY 2009 Q3Sep 30, 2009701752-5117—2.43%—$0.51
FY 2009 Q2Jun 30, 2009803558245124.9%1.49%—$0.46
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · UNP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.