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Did Union Pacific Beat Earnings?
Union Pacific (UNP) reported Q2 '26 revenue of $6.86B, up 11.5% year-over-year, with reported EPS of $3.41. That topped the $3.20 analyst estimate by 6.6% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Union Pacific’s job postings, web traffic, and employee business outlook. See the full UNP stock analysis or the earnings calendar for upcoming reports.
UNP Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $3.20 | $3.41 | Beat +6.6% |
| Q1 '26 | $2.86 | $2.93 | Beat +2.4% |
| Q4 '25 | $2.87 | $2.86 | Missed -0.3% |
| Q3 '25 | $3.00 | $3.08 | Beat +2.7% |
| Q2 '25 | $2.91 | $3.03 | Beat +4.1% |
| Q1 '25 | $2.73 | $2.70 | Missed -1.1% |
Union Pacific Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.09B | 6.12B | 6.03B | 6.15B | 6.24B | 6.09B | 6.22B | 6.86B |
| Gross margin | 45.5% | 45.8% | 45.3% | 46.1% | 46.5% | 44.9% | 45.2% | 45.5% |
| Operating margin | 39.6% | 41.3% | 39.3% | 40.9% | 40.8% | 39.2% | 39.4% | 40.3% |
| Net income | 1.67B | 1.76B | 1.63B | 1.88B | 1.79B | 1.85B | 1.7B | 1.99B |
| Net margin | 27.4% | 28.8% | 27.0% | 30.5% | 28.6% | 30.4% | 27.4% | 29.0% |
| EPS | $2.75 | $2.98 | $2.70 | $3.03 | $3.08 | $2.86 | $2.93 | $3.41 |
Union Pacific Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Union Pacific’s quarterly revenue moved from $6.09B to $6.86B. Net margin expanded from 27.4% to 29%, against a 45.5% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Union Pacific has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Union Pacific’s Next Earnings Date?
Union Pacific reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the UNP earnings calendar.
Frequently Asked Questions: Union Pacific Earnings
Union Pacific's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Union Pacific reported Q2 '26 EPS of $3.41 on revenue of $6.86B (+11.5% YoY). Union Pacific beat estimates, reporting $3.41 vs. the $3.20 estimate.
Union Pacific reported Q2 '26 revenue of $6.86B, up 11.5% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the UNP AI Score.
