Union Pacific annual net debt
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Union Pacific Net Debt Growth & History (UNP)
Union Pacific's net debt was $31.56B for fiscal 2025.
View full Union Pacific company overviewUnion Pacific annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $31.56B | $109.0M | +0.35% |
| 2024 | 2024-12-31 | $31.45B | −$1.68B | −5.06% |
| 2023 | 2023-12-31 | $33.12B | $618.0M | +1.90% |
| 2022 | 2022-12-31 | $32.51B | $3.74B | +13.02% |
| 2021 | 2021-12-31 | $28.76B | $3.22B | +12.62% |
| 2020 | 2020-12-31 | $25.54B | $395.0M | +1.57% |
| 2019 | 2019-12-31 | $25.14B | $5.29B | +26.66% |
| 2018 | 2018-12-31 | $19.85B | $4.98B | +33.51% |
| 2017 | 2017-12-31 | $14.87B | $1.90B | +14.62% |
| 2016 | 2016-12-31 | $12.97B | $756.0M | +6.19% |
| 2015 | 2015-12-31 | $12.22B | $2.85B | +30.43% |
| 2014 | 2014-12-31 | $9.37B | $1.93B | +25.89% |
| 2013 | 2013-12-31 | $7.44B | −$298.0M | −3.85% |
| 2012 | 2012-12-31 | $7.74B | $258.0M | +3.45% |
| 2011 | 2011-12-31 | $7.48B | −$437.0M | −5.52% |
| 2010 | 2010-12-31 | $7.92B | $131.0M | +1.68% |
| 2009 | 2009-12-31 | $7.79B | $428.0M | +5.82% |
| 2008 | 2008-12-31 | $7.36B | — | — |
Union Pacific quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $28.27B | −$2.11B | −6.94% |
| Q1 2026 | 2026-03-31 | $29.90B | −$363.0M | −1.20% |
| Q4 2025 | 2025-12-31 | $31.56B | $109.0M | +0.35% |
| Q3 2025 | 2025-09-30 | $30.52B | $197.0M | +0.65% |
| Q2 2025 | 2025-06-30 | $30.37B | −$1.26B | −3.98% |
| Q1 2025 | 2025-03-31 | $30.27B | −$1.64B | −5.14% |
| Q4 2024 | 2024-12-31 | $31.45B | −$1.68B | −5.06% |
| Q3 2024 | 2024-09-30 | $30.32B | −$1.63B | −5.09% |
| Q2 2024 | 2024-06-30 | $31.63B | −$535.0M | −1.66% |
| Q1 2024 | 2024-03-31 | $31.91B | $560.0M | +1.79% |
| Q4 2023 | 2023-12-31 | $33.12B | $618.0M | +1.90% |
| Q3 2023 | 2023-09-30 | $31.95B | −$31.0M | −0.10% |
| Q2 2023 | 2023-06-30 | $32.17B | $1.74B | +5.71% |
| Q1 2023 | 2023-03-31 | $31.35B | $184.0M | +0.59% |
| Q4 2022 | 2022-12-31 | $32.51B | $3.74B | +13.02% |
| Q3 2022 | 2022-09-30 | $31.98B | $3.85B | +13.67% |
| Q2 2022 | 2022-06-30 | $30.43B | $2.09B | +7.37% |
| Q1 2022 | 2022-03-31 | $31.16B | $5.70B | +22.40% |
| Q4 2021 | 2021-12-31 | $28.76B | $3.22B | +12.62% |
| Q3 2021 | 2021-09-30 | $28.13B | $2.85B | +11.29% |
| Q2 2021 | 2021-06-30 | $28.34B | $2.77B | +10.82% |
| Q1 2021 | 2021-03-31 | $25.46B | −$1.64B | −6.06% |
| Q4 2020 | 2020-12-31 | $25.54B | $395.0M | +1.57% |
| Q3 2020 | 2020-09-30 | $25.28B | $97.0M | +0.39% |
| Q2 2020 | 2020-06-30 | $25.57B | $937.0M | +3.80% |
| Q1 2020 | 2020-03-31 | $27.10B | $2.17B | +8.70% |
| Q4 2019 | 2019-12-31 | $25.14B | $5.29B | +26.66% |
| Q3 2019 | 2019-09-30 | $25.18B | $5.85B | +30.26% |
| Q2 2019 | 2019-06-30 | $24.64B | $4.68B | +23.47% |
| Q1 2019 | 2019-03-31 | $24.93B | $9.64B | +63.09% |
| Q4 2018 | 2018-12-31 | $19.85B | $4.98B | +33.51% |
| Q3 2018 | 2018-09-30 | $19.33B | $5.25B | +37.28% |
| Q2 2018 | 2018-06-30 | $19.95B | $6.01B | +43.10% |
| Q1 2018 | 2018-03-31 | $15.29B | $2.02B | +15.27% |
| Q4 2017 | 2017-12-31 | $14.87B | $1.90B | +14.62% |
| Q3 2017 | 2017-09-30 | $14.08B | $787.0M | +5.92% |
| Q2 2017 | 2017-06-30 | $13.94B | $996.0M | +7.69% |
| Q1 2017 | 2017-03-31 | $13.26B | $1.14B | +9.43% |
| Q4 2016 | 2016-12-31 | $12.97B | $756.0M | +6.19% |
| Q3 2016 | 2016-09-30 | $13.30B | $1.58B | +13.45% |
| Q2 2016 | 2016-06-30 | $12.95B | $2.08B | +19.14% |
| Q1 2016 | 2016-03-31 | $12.12B | $1.82B | +17.68% |
| Q4 2015 | 2015-12-31 | $12.22B | $2.85B | +30.43% |
| Q3 2015 | 2015-09-30 | $11.72B | $2.56B | +27.98% |
| Q2 2015 | 2015-06-30 | $10.87B | $2.02B | +22.82% |
| Q1 2015 | 2015-03-31 | $10.30B | $2.61B | +33.95% |
| Q4 2014 | 2014-12-31 | $9.37B | $1.93B | +25.89% |
| Q3 2014 | 2014-09-30 | $9.16B | $1.76B | +23.79% |
| Q2 2014 | 2014-06-30 | $8.85B | $1.62B | +22.36% |
| Q1 2014 | 2014-03-31 | $7.69B | $295.0M | +3.99% |
| Q4 2013 | 2013-12-31 | $7.44B | −$298.0M | −3.85% |
| Q3 2013 | 2013-09-30 | $7.40B | −$245.0M | −3.21% |
| Q2 2013 | 2013-06-30 | $7.23B | −$204.0M | −2.74% |
| Q1 2013 | 2013-03-31 | $7.39B | $321.0M | +4.54% |
| Q4 2012 | 2012-12-31 | $7.74B | $258.0M | +3.45% |
| Q3 2012 | 2012-09-30 | $7.64B | $525.0M | +7.38% |
| Q2 2012 | 2012-06-30 | $7.43B | −$269.0M | −3.49% |
| Q1 2012 | 2012-03-31 | $7.07B | −$697.0M | −8.97% |
| Q4 2011 | 2011-12-31 | $7.48B | −$437.0M | −5.52% |
| Q3 2011 | 2011-09-30 | $7.12B | −$584.0M | −7.58% |
| Q2 2011 | 2011-06-30 | $7.70B | −$96.0M | −1.23% |
| Q1 2011 | 2011-03-31 | $7.77B | $41.0M | +0.53% |
| Q4 2010 | 2010-12-31 | $7.92B | $131.0M | +1.68% |
| Q3 2010 | 2010-09-30 | $7.70B | −$483.0M | −5.90% |
| Q2 2010 | 2010-06-30 | $7.80B | −$360.0M | −4.41% |
| Q1 2010 | 2010-03-31 | $7.73B | — | — |
| Q4 2009 | 2009-12-31 | $7.79B | $428.0M | +5.82% |
| Q3 2009 | 2009-09-30 | $8.19B | — | — |
| Q2 2009 | 2009-06-30 | $8.16B | — | — |
| Q4 2008 | 2008-12-31 | $7.36B | — | — |
Union Pacific net debt trends
Over the last five fiscal years, Union Pacific's net debt increased from $25.54B to $31.56B, a change of $6.02B. The latest reported quarter, Q2 2026, shows $28.27B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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