Short answer

Union Pacific Corporation (UNP) filed its Q2 2025 10-Q quarterly report on Jul 24, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $6.2B (up 2.4% year over year) with net income of $1.9B.

Q2 2025 key financials · XBRL

Revenue: $6.2B; +2.4% YoY · +2.1% QoQ
Net income: $1.9B; +12.1% YoY · +15.4% QoQ
Operating margin: 41.0%
EPS (diluted): $3.15; +15.0% YoY · +16.7% QoQ

Source: XBRL data from the Union Pacific Corporation (UNP) Q2 2025 10-Q on SEC EDGAR. USD.

Union Pacific Corporation Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $6.15B, up 2% YoY; freight revenues $5.84B, up 4%, driven by 4% volume increase and core pricing gains
Operating income $2.5B, up 5% YoY; operating ratio improved 59.0% vs 60.0% YoY (1.0 point improvement)
Best segment: Bulk freight revenues up 10% QoQ driven by 11% volume growth and coal volume up 31%; worst: Premium segment revenues down 4% QoQ
Operating cash flow $4.54B, up from $4.03B in prior year; free cash flow $1.11B vs $0.85B YoY
Management expects capital plan $3.4B in 2025, consistent with 2024; focus on growth, infrastructure, and fleet modernization; no material adverse risks noted

Risk Factors

No new or changed risk factors disclosed this quarter from most recent 10-K
Carried-forward legal risk: ongoing compliance with SEC and NYSE governance rules may lead to policy updates and related costs
Operational risk: dependence on timely electronic filing and disclosure processes could impact regulatory compliance and reputation
Competitive risk related to corporate governance transparency affecting investor confidence and market perception
No new financial risk updates on liquidity, debt maturity, or currency exposure this quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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