UNP
Union Pacific Corporation
Stock
$278.28+5.86 (+2.15%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.3B | $9.3B | $9.3B | $8.4B | $9.4B | $9.0B | $8.5B | $8.6B | $8.7B | $7.2B | $7.5B | $7.3B | $7.4B | $6.8B | $6.2B | $5.9B | $4.1B | $3.2B | $4.0B | $3.3B |
| Capital expenditures | $3.8B | $3.8B | $3.5B | $3.6B | $3.6B | $2.9B | $2.9B | $3.5B | $3.4B | $3.2B | $3.5B | $4.7B | $4.3B | $3.5B | $3.7B | $3.2B | $2.5B | $2.4B | $2.8B | $2.5B |
| Free cash flow | $6.5B | $5.5B | $5.9B | $4.8B | $5.7B | $6.1B | $5.6B | $5.2B | $5.2B | $4.0B | $4.0B | $2.7B | $3.0B | $3.3B | $2.4B | $2.7B | $1.6B | $850M | $1.3B | $781M |
| Stock-based compensation | $131M | $142M | $118M | $107M | $99M | $88M | $73M | $93M | $96M | $103M | $82M | $98M | $112M | $98M | $93M | $82M | $74M | $58M | $65M | — |
| Buybacks | $26M | $2.7B | $1.5B | $705M | $6.3B | $7.3B | $3.7B | $5.8B | $8.2B | $4.0B | $3.1B | $3.5B | $3.2B | $2.2B | $1.5B | $1.4B | — | — | — | — |
| Dividends paid | $3.3B | $3.2B | $3.2B | $3.2B | $3.2B | $2.8B | $2.6B | $2.6B | $2.3B | $2.0B | $1.9B | $2.3B | $1.6B | $1.3B | $1.1B | $837M | $602M | $544M | $481M | $364M |
| Dividends per share | $5.52 | $5.44 | $5.28 | $5.20 | $5.08 | $4.29 | $3.88 | $3.70 | $3.06 | $2.48 | $2.26 | $2.20 | $1.91 | $1.48 | $1.25 | $0.97 | $0.66 | $0.54 | $0.49 | $0.37 |
| Free cash flow margin | 25.6% | 22.4% | 24.3% | 19.8% | 23.1% | 28.0% | 28.7% | 23.8% | 23.0% | 18.8% | 20.2% | 12.4% | 12.7% | 15.1% | 11.6% | 13.8% | 9.6% | 6.0% | 7.2% | 4.8% |