The company said its Q4 2025 net income was $1.8 billion and diluted earnings per share were $3.11. Results included $234 million of industrial park land sales, and adjusted diluted EPS was $2.86.

1. 01

   The company said its Q4 2025 net income was $1.8 billion and diluted earnings per share were $3.11. Results included $234 million of industrial park land sales, and adjusted diluted EPS was $2.86.

2. 02

   Union Pacific said full-year 2025 net income was $7.1 billion (diluted EPS of $11.98), compared with $6.7 billion (diluted EPS of $11.09) in 2024. Its full-year operating ratio was 59.8%, and its adjusted operating ratio was 59.3%.

3. 03

   The company reported that operating cash flow for 2025 was 9,290 million. Dividends paid were 3,236 million and share repurchases were 2,679 million, and free cash flow was 2,292 million.

4. 04

   The company said its outlook for 2026 includes mid-single-digit earnings per share growth, an improvement in its operating ratio, and a capital plan of $3.3 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.