Union Pacific annual capital expenditures (capex)
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Union Pacific Capital Expenditures (CapEx) Growth & History (UNP)
Union Pacific's capital expenditures (capex) was $3.79B for fiscal 2025.
View full Union Pacific company overviewUnion Pacific annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.79B | $339.0M | +9.82% |
| 2024 | 2024-12-31 | $3.45B | −$154.0M | −4.27% |
| 2023 | 2023-12-31 | $3.61B | −$14.0M | −0.39% |
| 2022 | 2022-12-31 | $3.62B | $684.0M | +23.30% |
| 2021 | 2021-12-31 | $2.94B | $9.0M | +0.31% |
| 2020 | 2020-12-31 | $2.93B | −$526.0M | −15.23% |
| 2019 | 2019-12-31 | $3.45B | $16.0M | +0.47% |
| 2018 | 2018-12-31 | $3.44B | $199.0M | +6.15% |
| 2017 | 2017-12-31 | $3.24B | −$267.0M | −7.62% |
| 2016 | 2016-12-31 | $3.50B | −$1.15B | −24.62% |
| 2015 | 2015-12-31 | $4.65B | $304.0M | +6.99% |
| 2014 | 2014-12-31 | $4.35B | $850.0M | +24.31% |
| 2013 | 2013-12-31 | $3.50B | −$242.0M | −6.47% |
| 2012 | 2012-12-31 | $3.74B | $562.0M | +17.70% |
| 2011 | 2011-12-31 | $3.18B | $694.0M | +27.96% |
| 2010 | 2010-12-31 | $2.48B | $128.0M | +5.44% |
| 2009 | 2009-12-31 | $2.35B | −$400.0M | −14.52% |
| 2008 | 2008-12-31 | $2.75B | $258.0M | +10.34% |
| 2007 | 2007-12-31 | $2.50B | — | — |
Union Pacific quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $873.0M | −$63.0M | −6.73% |
| Q1 2026 | 2026-03-31 | $937.0M | $31.0M | +3.42% |
| Q4 2025 | 2025-12-31 | $999.0M | $77.0M | +8.35% |
| Q3 2025 | 2025-09-30 | $950.0M | $119.0M | +14.32% |
| Q2 2025 | 2025-06-30 | $936.0M | $34.0M | +3.77% |
| Q1 2025 | 2025-03-31 | $906.0M | $109.0M | +13.68% |
| Q4 2024 | 2024-12-31 | $922.0M | −$102.0M | −9.96% |
| Q3 2024 | 2024-09-30 | $831.0M | −$144.0M | −14.77% |
| Q2 2024 | 2024-06-30 | $902.0M | $67.0M | +8.02% |
| Q1 2024 | 2024-03-31 | $797.0M | $25.0M | +3.24% |
| Q4 2023 | 2023-12-31 | $1.02B | $94.0M | +10.11% |
| Q3 2023 | 2023-09-30 | $975.0M | −$70.0M | −6.70% |
| Q2 2023 | 2023-06-30 | $835.0M | $38.0M | +4.77% |
| Q1 2023 | 2023-03-31 | $772.0M | −$76.0M | −8.96% |
| Q4 2022 | 2022-12-31 | $930.0M | −$61.0M | −6.16% |
| Q3 2022 | 2022-09-30 | $1.04B | $290.0M | +38.41% |
| Q2 2022 | 2022-06-30 | $797.0M | $143.0M | +21.87% |
| Q1 2022 | 2022-03-31 | $848.0M | $312.0M | +58.21% |
| Q4 2021 | 2021-12-31 | $991.0M | $358.0M | +56.56% |
| Q3 2021 | 2021-09-30 | $755.0M | $60.0M | +8.63% |
| Q2 2021 | 2021-06-30 | $654.0M | −$138.0M | −17.42% |
| Q1 2021 | 2021-03-31 | $536.0M | −$271.0M | −33.58% |
| Q4 2020 | 2020-12-31 | $633.0M | −$325.0M | −33.92% |
| Q3 2020 | 2020-09-30 | $695.0M | −$240.0M | −25.67% |
| Q2 2020 | 2020-06-30 | $792.0M | −$16.0M | −1.98% |
| Q1 2020 | 2020-03-31 | $807.0M | $55.0M | +7.31% |
| Q4 2019 | 2019-12-31 | $958.0M | −$51.0M | −5.05% |
| Q3 2019 | 2019-09-30 | $935.0M | $121.0M | +14.86% |
| Q2 2019 | 2019-06-30 | $808.0M | $104.0M | +14.77% |
| Q1 2019 | 2019-03-31 | $752.0M | −$158.0M | −17.36% |
| Q4 2018 | 2018-12-31 | $1.01B | $150.0M | +17.46% |
| Q3 2018 | 2018-09-30 | $814.0M | $24.0M | +3.04% |
| Q2 2018 | 2018-06-30 | $704.0M | −$74.0M | −9.51% |
| Q1 2018 | 2018-03-31 | $910.0M | $99.0M | +12.21% |
| Q4 2017 | 2017-12-31 | $859.0M | −$42.0M | −4.66% |
| Q3 2017 | 2017-09-30 | $790.0M | −$224.0M | −22.09% |
| Q2 2017 | 2017-06-30 | $778.0M | −$125.0M | −13.84% |
| Q1 2017 | 2017-03-31 | $811.0M | $124.0M | +18.05% |
| Q4 2016 | 2016-12-31 | $901.0M | — | — |
| Q3 2016 | 2016-09-30 | $1.01B | −$102.0M | −9.14% |
| Q2 2016 | 2016-06-30 | $903.0M | −$203.0M | −18.35% |
| Q1 2016 | 2016-03-31 | $687.0M | −$414.0M | −37.60% |
| Q3 2015 | 2015-09-30 | $1.12B | −$42.0M | −3.63% |
| Q2 2015 | 2015-06-30 | $1.11B | −$69.0M | −5.87% |
| Q1 2015 · Mar 31 | 2015-03-31 | $1.10B | $208.0M | +23.29% |
| Q4 2014 | 2014-12-31 | $1.12B | $259.0M | +30.08% |
| Q3 2014 | 2014-09-30 | $1.16B | $253.0M | +27.96% |
| Q2 2014 | 2014-06-30 | $1.18B | $227.0M | +23.95% |
| Q1 2014 | 2014-03-31 | $893.0M | $111.0M | +14.19% |
| Q4 2013 | 2013-12-31 | $861.0M | −$1.0M | −0.12% |
| Q3 2013 | 2013-09-30 | $905.0M | −$155.0M | −14.62% |
| Q2 2013 | 2013-06-30 | $948.0M | −$64.0M | −6.32% |
| Q1 2013 | 2013-03-31 | $782.0M | −$22.0M | −2.74% |
| Q4 2012 | 2012-12-31 | $862.0M | −$96.0M | −10.02% |
| Q3 2012 | 2012-09-30 | $1.06B | $169.0M | +18.97% |
| Q2 2012 | 2012-06-30 | $1.01B | $287.0M | +39.59% |
| Q1 2012 | 2012-03-31 | $804.0M | $202.0M | +33.55% |
| Q4 2011 | 2011-12-31 | $958.0M | $162.0M | +20.35% |
| Q3 2011 | 2011-09-30 | $891.0M | $261.0M | +41.43% |
| Q2 2011 | 2011-06-30 | $725.0M | $130.0M | +21.85% |
| Q1 2011 | 2011-03-31 | $602.0M | $141.0M | +30.59% |
| Q4 2010 | 2010-12-31 | $796.0M | $250.0M | +45.79% |
| Q3 2010 | 2010-09-30 | $630.0M | −$112.0M | −15.09% |
| Q2 2010 | 2010-06-30 | $595.0M | $50.0M | +9.17% |
| Q1 2010 | 2010-03-31 | $461.0M | −$60.0M | −11.52% |
| Q4 2009 | 2009-12-31 | $546.0M | — | — |
| Q3 2009 | 2009-09-30 | $742.0M | $49.0M | +7.07% |
| Q2 2009 | 2009-06-30 | $545.0M | — | — |
| Q1 2009 | 2009-03-31 | $521.0M | — | — |
| Q3 2008 | 2008-09-30 | $693.0M | — | — |
Union Pacific capital expenditures (capex) trends
Over the last five fiscal years, Union Pacific's capital expenditures (capex) increased from $2.93B to $3.79B, a change of $864.0M. The latest reported quarter, Q2 2026, shows $873.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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