Union Pacific earnings: date and guidance
Union Pacific's next results are expected on October 22, 2026. Watch Union Pacific's traffic, revenue excluding fuel recovery and productivity after fuel and wage pressure.
What has Union Pacific guided for 2026?
Management now promises faster earnings growth in 2026 while keeping investment high. It raised its full-year outlook to high-single-digit growth in reported earnings per share, or profit attributable to each share. It also reaffirmed high-single- to low-double-digit compound annual growth through 2027. Compound growth means each year builds on the previous year’s larger earnings base.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Reported earnings per share growth | Year to Dec 2026 | Jul 23, 2026 | ||
| 3-year CAGR target | 2025–2027 | Jul 23, 2026 | ||
| Capital plan | Year to Dec 2026 | 3,300 | 3,300 | Jul 23, 2026 |
Did Union Pacific keep its past promises?
There is evidence that Vena’s promises have produced operational improvement. Union Pacific reported its best full-year safety performance in 2025, along with records for freight-car velocity and terminal dwell. In the second quarter of 2026, injury and derailment rates improved again, while terminal dwell fell 7% to 19.7 hours. Those results support progress, although they do not prove that the railroad will remain resilient during integration.
How have Union Pacific's revenue and profit trended?
The June 2026 quarter showed real improvement, but fuel made the operating trend harder to see. Revenue rose 11.5%, while operating income rose 9.4%. Net income increased 6.2%, and diluted EPS rose 6.7%.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,864 | 6,217 | 6,085 | 6,244 | 6,154 | 6,027 | 6,121 | 6,091 |
| Operating income | 2,763 | 2,458 | 2,401 | 2,549 | 2,525 | 2,371 | 2,525 | 2,416 |
| Net income | 1,993 | 1,701 | 1,848 | 1,788 | 1,876 | 1,626 | 1,762 | 1,671 |
| EPS, diluted | 3.36 | 2.87 | 3.11 | 3.01 | 3.15 | 2.70 | 2.91 | 2.75 |
What should you watch in Union Pacific's next results?
The next earnings report will test whether the raised outlook is becoming more credible. Union Pacific releases third-quarter results on October 22, 2026. Investors should watch traffic, revenue excluding fuel recovery and productivity after fuel and wage pressure.