UNP at a glance
Union Pacific Corporation (UNP, SEC CIK 100885) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on July 23, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Union Pacific Corporation (UNP) reported revenue of $24.5 billion (up 1.1% from FY2024) and net income of $7.1 billion. Diluted EPS was $11.98.
- As of June 30, 2026, 69 institutional investment managers tracked by SignalX reported holding Union Pacific Corporation (UNP) shares worth $64.7 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $24.5B
- +1.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 69 funds
- $64.7B · +1 vs prior quarter
- Latest 8-K
- Jul 23, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk: Impact of H.R.1 enacted July 4, 2025, making 2017 Tax Cuts and Jobs Act provisions permanent, favorably affecting cash flows
- Geopolitical/macro risk: Inflation raising asset replacement costs, increasing depreciation expense on long-lived assets above historical levels
- Operational risk: Heavy capital investments $3.8B in 2025, including $810M on locomotives/freight cars; supply chain critical for fleet modernization
- Competitive risk: Pending acquisition of Norfolk Southern risks integration challenges and competitive disruption in rail freight market
- Financial risk: $59.4B debt outstanding with $47.7B maturing after 2030, plus significant interest component $26B increasing leverage exposure
Management Discussion & Analysis
- Revenue $24.51B, up 1% YoY, driven by freight revenue growth $23.22B (+2%), offset by declines in subsidiary (-9%) and accessorial revenues (-14%)
- Operating income $9.8B, up 1%, operating ratio improved slightly to 59.8% from 59.9%, net income $7.1B, up 6% with EPS $11.98, up 8%
- Bulk segment best performer: freight revenue $7.59B, +5% driven by 6% higher volumes; Premium segment worst performer: revenue $7.03B, down 2% due to volume/mix decreases
- Cash provided by operating activities $9.3B; investing activities used $3.8B; dividends paid $3.2B; free cash flow $2.3B, down from $2.8B in 2024
- 2026 outlook cautious on macroeconomic uncertainties, expected flat industrial production, volume headwinds in international intermodal; continued safety and service focus
Business Overview
- Core freight rail transportation connecting 23 western U.S. states, linking major ports, U.S., Canada, and Mexico gateways
- Emphasis on Safety, Service, Operational Excellence as strategic pillars driving volume growth and margin improvement
- Focus on achieving industry-leading operating ratio and return on invested capital through operational transformation
- One reportable operating segment integrating Bulk, Industrial, Premium commodity groups for streamlined financial reporting
AI summary of the UNP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Management cautions about macroeconomic and geopolitical risks amplifying uncertainty
Risk Factors
- No material changes to risk factors since the December 31, 2025 Form 10-K
- Pending Norfolk Southern acquisition, with share repurchases paused as of the second quarter
- Acquisition-related risks under the July 28, 2025 merger agreement
- Broad business, financial-condition, profitability, and stock-price exposure to disclosed uncertainties
- Unidentified or currently immaterial risks potentially affecting operations
AI summary of the UNP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Union Pacific reported financial results for quarter ended June 30, 2026
- Detailed results, including operating performance and financial metrics, are in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 2026 net income $1.993B, up 6%; diluted EPS $3.36, up 7% year over year
- Adjusted diluted EPS $3.41, up 13%; adjusted operating ratio 59.2% versus 58.1% prior-year adjusted
Item 5.07: Submission of Matters to a Vote of Security Holders
- 90.76% quorum, with 538.9M of 593.7M shares represented
- All 11 director nominees elected for one-year terms ending at the 2027 annual meeting
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026
- Press release furnished as Exhibit 99.1 contains financial performance details
Item EX-99.1: Item EX-99.1
- Q1 2026 net income rose 5% to $1.7B, while diluted EPS increased 6% to $2.87
- Freight revenue grew 4% to $5.893B despite carloads declining 1%, indicating pricing and mix offset volume weakness
AI summaries of UNP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for UNP
Don't miss the next UNP filing
- Alerts as it files. A push when UNP files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut UNP, by share count.
- Ask anything. An AI agent that reads every UNP filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| HOPKINS DEBORAH C | A | Oct 1, 2026 | 229 | $272.42 |
| Edison Sheri H. | A | Oct 1, 2026 | 179 | $272.42 |
| Lute Jane H | A | Oct 1, 2026 | 372 | $272.42 |
| WIEHOFF JOHN | A | Oct 1, 2026 | 172 | $272.42 |
| Tien John K Jr | A | Oct 1, 2026 | 171 | $272.42 |
| Finley Teresa | A | Oct 1, 2026 | 179 | $272.42 |
| Simons Doyle | A | Oct 1, 2026 | 312 | $272.42 |
| MCCARTHY MICHAEL R | A | Oct 1, 2026 | 839 | $272.42 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $24.3B | $24.5B |
| Operating Income | - | $9.7B | $9.8B |
| Net Income | $6.4B | $6.7B | $7.1B |
| Op. Margin | - | 40.1% | 40.2% |
| Net Margin | - | 27.8% | 29.1% |
| Balance Sheet | |||
| Total Assets | $67.1B | $67.7B | $69.7B |
| Equity | - | $16.9B | $18.5B |
| ROE | - | 39.9% | 38.7% |
| Per Share | |||
| EPS | $10.45 | $11.09 | $11.98 |
| Cash Flow | |||
| Operating CF | - | $9.3B | $9.3B |
| CapEx | $3.6B | $3.5B | $3.8B |
Source: XBRL data in Union Pacific Corporation (UNP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate UNP share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 69 | $64.68B |
| Q1 2026 | 68 | $57.25B |
| Q4 2025 | 65 | $53.33B |
| Q3 2025 | 67 | $58.68B |
| Q2 2025 | 63 | $53.51B |
| Q1 2025 | 63 | $44.07B |
| Q4 2024 | 57 | $33.19B |
| Q3 2024 | 52 | $18.97B |
- State Street Corp+1.30M (+5%)
- Wells Fargo & Co+301.2K (+9%)
- FMR LLC (Fidelity)+298.1K (+15%)
- Goldman Sachs Group+283.4K (+8%)
- Citigroup+269.3K (+36%)
- JPMorgan Chase & Co−1.97M (-11%)
- Invesco Ltd−892.4K (-12%)
- Ameriprise Financial−537.8K (-10%)
- Baupost Group−355.6K (-23%)
- Morgan Stanley−305.7K (-2%)
- Viking Global Investors+2.05M
Source: 13F-HR filings on SEC EDGAR (aggregated from 504 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
UNP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| 10-Q | Jul 23, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
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UNP SEC filings: frequently asked questions
Which institutions hold UNP stock?
As of June 30, 2026, the largest Union Pacific Corporation (UNP) holders among the 13F filers tracked by SignalX were BlackRock ($13.0 billion), Vanguard Capital Management LLC ($10.5 billion), State Street Corp ($7.6 billion), JPMorgan Chase & Co ($4.3 billion), Morgan Stanley ($4.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was UNP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Union Pacific Corporation (UNP) reported revenue of $24.5 billion (up 1.1% from FY2024) and net income of $7.1 billion. Diluted EPS was $11.98. The figures come from the XBRL data in the 10-K.
What are the main risks in UNP's latest 10-K?
In the 10-K filed February 6, 2026, Union Pacific Corporation (UNP) flagged: Regulatory risk: Impact of H.R.1 enacted July 4, 2025, making 2017 Tax Cuts and Jobs Act provisions permanent, favorably affecting cash flows. Geopolitical/macro risk: Inflation raising asset replacement costs, increasing depreciation expense on long-lived assets above historical levels. (AI summary of the Risk Factors section.)
What did UNP report in its latest 8-K?
Union Pacific Corporation (UNP) filed an 8-K on July 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Union Pacific reported financial results for quarter ended June 30, 2026.
What are the latest UNP SEC filings?
Union Pacific Corporation (UNP) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on July 23, 2026 and a Form 4 insider filing on October 1, 2026.
What is UNP's SEC CIK number?
Union Pacific Corporation (UNP)'s SEC Central Index Key (CIK) is 100885. EDGAR lists every UNP filing under that number.
Ask anything about UNP
The research agent reads UNP's filings, financials, insider trades and 13F holders, then answers with sources.