Union Pacific annual operating expenses
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Union Pacific Operating Expenses Growth & History (UNP)
Union Pacific's operating expenses was $14.66B for fiscal 2025.
View full Union Pacific company overviewUnion Pacific annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $14.66B | $127.0M | +0.87% |
| 2024 | 2024-12-31 | $14.54B | −$500.0M | −3.33% |
| 2023 | 2023-12-31 | $15.04B | $79.0M | +0.53% |
| 2022 | 2022-12-31 | $14.96B | $2.49B | +19.99% |
| 2021 | 2021-12-31 | $12.47B | $767.0M | +6.56% |
| 2020 | 2020-12-31 | $11.70B | −$1.46B | −11.06% |
| 2019 | 2019-12-31 | $13.15B | −$1.16B | −8.11% |
| 2018 | 2018-12-31 | $14.31B | $1.18B | +8.99% |
| 2017 | 2017-12-31 | $13.13B | $436.0M | +3.43% |
| 2016 | 2016-12-31 | $12.70B | −$1.06B | −7.72% |
| 2015 | 2015-12-31 | $13.76B | −$1.47B | −9.68% |
| 2014 | 2014-12-31 | $15.23B | $718.0M | +4.95% |
| 2013 | 2013-12-31 | $14.52B | $336.0M | +2.37% |
| 2012 | 2012-12-31 | $14.18B | $348.0M | +2.52% |
| 2011 | 2011-12-31 | $13.83B | $1.85B | +15.43% |
| 2010 | 2010-12-31 | $11.98B | $1.22B | +11.33% |
| 2009 | 2009-12-31 | $10.76B | −$3.14B | −22.56% |
| 2008 | 2008-12-31 | $13.90B | $992.0M | +7.69% |
| 2007 | 2007-12-31 | $12.91B | — | — |
Union Pacific quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.10B | $472.0M | +13.01% |
| Q1 2026 | 2026-03-31 | $3.76B | $103.0M | +2.82% |
| Q4 2025 | 2025-12-31 | $3.68B | $88.0M | +2.45% |
| Q3 2025 | 2025-09-30 | $3.69B | $20.0M | +0.54% |
| Q2 2025 | 2025-06-30 | $3.63B | $22.0M | +0.61% |
| Q1 2025 | 2025-03-31 | $3.66B | −$3.0M | −0.08% |
| Q4 2024 | 2024-12-31 | $3.60B | −$156.0M | −4.16% |
| Q3 2024 | 2024-09-30 | $3.67B | −$89.0M | −2.36% |
| Q2 2024 | 2024-06-30 | $3.61B | −$152.0M | −4.04% |
| Q1 2024 | 2024-03-31 | $3.66B | −$103.0M | −2.74% |
| Q4 2023 | 2023-12-31 | $3.75B | −$16.0M | −0.42% |
| Q3 2023 | 2023-09-30 | $3.76B | −$169.0M | −4.30% |
| Q2 2023 | 2023-06-30 | $3.76B | −$15.0M | −0.40% |
| Q1 2023 | 2023-03-31 | $3.76B | $279.0M | +8.01% |
| Q4 2022 | 2022-12-31 | $3.77B | $475.0M | +14.42% |
| Q3 2022 | 2022-09-30 | $3.93B | $799.0M | +25.49% |
| Q2 2022 | 2022-06-30 | $3.77B | $743.0M | +24.51% |
| Q1 2022 | 2022-03-31 | $3.48B | $475.0M | +15.79% |
| Q4 2021 | 2021-12-31 | $3.29B | $158.0M | +5.04% |
| Q3 2021 | 2021-09-30 | $3.13B | $246.0M | +8.52% |
| Q2 2021 | 2021-06-30 | $3.03B | $441.0M | +17.03% |
| Q1 2021 | 2021-03-31 | $3.01B | −$78.0M | −2.53% |
| Q4 2020 | 2020-12-31 | $3.13B | $23.0M | +0.74% |
| Q3 2020 | 2020-09-30 | $2.89B | −$394.0M | −12.00% |
| Q2 2020 | 2020-06-30 | $2.59B | −$746.0M | −22.36% |
| Q1 2020 | 2020-03-31 | $3.09B | −$338.0M | −9.87% |
| Q4 2019 | 2019-12-31 | $3.11B | −$435.0M | −12.26% |
| Q3 2019 | 2019-09-30 | $3.28B | −$377.0M | −10.30% |
| Q2 2019 | 2019-06-30 | $3.34B | −$237.0M | −6.63% |
| Q1 2019 | 2019-03-31 | $3.42B | −$112.0M | −3.17% |
| Q4 2018 | 2018-12-31 | $3.55B | $344.0M | +10.74% |
| Q3 2018 | 2018-09-30 | $3.66B | $324.0M | +9.72% |
| Q2 2018 | 2018-06-30 | $3.57B | $321.0M | +9.87% |
| Q1 2018 | 2018-03-31 | $3.54B | $192.0M | +5.74% |
| Q4 2017 | 2017-12-31 | $3.20B | −$29.0M | −0.90% |
| Q3 2017 | 2017-09-30 | $3.33B | $121.0M | +3.76% |
| Q2 2017 | 2017-06-30 | $3.25B | $142.0M | +4.57% |
| Q1 2017 | 2017-03-31 | $3.34B | $202.0M | +6.43% |
| Q4 2016 | 2016-12-31 | $3.23B | −$58.0M | −1.76% |
| Q3 2016 | 2016-09-30 | $3.21B | −$140.0M | −4.17% |
| Q2 2016 | 2016-06-30 | $3.11B | −$370.0M | −10.63% |
| Q1 2016 | 2016-03-31 | $3.14B | −$495.0M | −13.61% |
| Q4 2015 | 2015-12-31 | $3.29B | −$490.0M | −12.96% |
| Q3 2015 | 2015-09-30 | $3.35B | −$498.0M | −12.93% |
| Q2 2015 | 2015-06-30 | $3.48B | −$339.0M | −8.88% |
| Q1 2015 | 2015-03-31 | $3.64B | −$147.0M | −3.88% |
| Q4 2014 | 2014-12-31 | $3.78B | $123.0M | +3.36% |
| Q3 2014 | 2014-09-30 | $3.85B | $241.0M | +6.67% |
| Q2 2014 | 2014-06-30 | $3.82B | $227.0M | +6.32% |
| Q1 2014 | 2014-03-31 | $3.78B | $127.0M | +3.47% |
| Q4 2013 | 2013-12-31 | $3.66B | $132.0M | +3.74% |
| Q3 2013 | 2013-09-30 | $3.61B | $54.0M | +1.52% |
| Q2 2013 | 2013-06-30 | $3.59B | $95.0M | +2.72% |
| Q1 2013 | 2013-03-31 | $3.66B | $55.0M | +1.53% |
| Q4 2012 | 2012-12-31 | $3.52B | $34.0M | +0.97% |
| Q3 2012 | 2012-09-30 | $3.56B | $34.0M | +0.97% |
| Q2 2012 | 2012-06-30 | $3.50B | $31.0M | +0.89% |
| Q1 2012 | 2012-03-31 | $3.60B | $249.0M | +7.43% |
| Q4 2011 | 2011-12-31 | $3.49B | $394.0M | +12.72% |
| Q3 2011 | 2011-09-30 | $3.52B | $516.0M | +17.16% |
| Q2 2011 | 2011-06-30 | $3.47B | $563.0M | +19.39% |
| Q1 2011 | 2011-03-31 | $3.35B | $376.0M | +12.63% |
| Q4 2010 | 2010-12-31 | $3.10B | $342.0M | +12.41% |
| Q3 2010 | 2010-09-30 | $3.01B | $297.0M | +10.96% |
| Q2 2010 | 2010-06-30 | $2.90B | $348.0M | +13.62% |
| Q1 2010 | 2010-03-31 | $2.98B | $233.0M | +8.49% |
| Q4 2009 | 2009-12-31 | $2.75B | — | — |
| Q3 2009 | 2009-09-30 | $2.71B | −$921.0M | −25.36% |
| Q2 2009 | 2009-06-30 | $2.56B | −$1.08B | −29.75% |
| Q1 2009 | 2009-03-31 | $2.74B | — | — |
| Q3 2008 | 2008-09-30 | $3.63B | — | — |
| Q2 2008 | 2008-06-30 | $3.64B | — | — |
Union Pacific operating expenses trends
Over the last five fiscal years, Union Pacific's operating expenses increased from $11.70B to $14.66B, a change of $2.96B. The latest reported quarter, Q2 2026, shows $4.10B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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