Short answer
Union Pacific Corporation (UNP) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.2B (up 2.5% year over year) with net income of $1.8B.
Q3 2025 key financials · XBRL
- Revenue
- $6.2B
- +2.5% YoY · +1.5% QoQ
- Net income
- $1.8B
- +7.0% YoY · −4.7% QoQ
- Operating margin
- 40.8%
- EPS (diluted)
- $3.02
- +9.8% YoY · −4.1% QoQ
Source: XBRL data from the Union Pacific Corporation (UNP) Q3 2025 10-Q on SEC EDGAR. USD.
Union Pacific Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.24B for Q3 2025, up 3% YoY from $6.09B in Q3 2024 driven by freight revenue growth
- Operating margin improved; operating ratio 59.2% in Q3 2025 vs 60.3% in Q3 2024, a 1.1pts improvement
- Best segment: Bulk freight revenues up 7% YoY to $1.93B in Q3 2025; worst: Premium segment down 2% YoY to $1.80B
- Operating cash flow $7.07B YTD 2025, up from $6.68B YTD 2024; capital expenditures increased to $2.79B YTD 2025
- Management highlights ongoing productivity gains, improved service metrics, capital plan steady at $3.4B for 2025, pending Norfolk Southern acquisition noted as a factor
Risk Factors
- No new or updated risk factors disclosed this quarter compared to the most recent 10-K
- Carried-forward competitive risk: operational disruption from labor disputes or workforce shortages remains a concern
- Regulatory risk: ongoing compliance with SEC and New York Stock Exchange governance requirements highlighted
- Market risk: exposure to cyclical freight demand fluctuations affecting revenue stability and operating margins
- Financial risk: dependence on liquidity management and capital markets access for ongoing debt maturity refinancings
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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