What is the current annual operating margin of UNP?

As of today, UNP annual operating margin is 39.90%

What is 1-year change in UNP annual operating margin?

UNP annual operating margin is up +6.40% year-over-year

What is 3-year change in UNP annual operating margin?

UNP annual operating margin is down -6.84% over the past 3 years

How far is UNP annual operating margin from its all-time high?

UNP annual operating margin is currently -6.84% below its historical high of 42.83% set on December 31, 2021

How does UNP annual operating margin rank versus sector peers?

UNP annual operating margin is higher than 97.64% of companies in Industrials sector

When is UNP next annual earnings release?

The next annual earnings release for UNP is on January 27, 2026

What is the current quarterly operating margin of UNP?

As of today, UNP quarterly operating margin is 40.73%

What is UNP quarterly operating margin most recent change?

UNP quarterly operating margin was down -0.46% on September 30, 2025

What is 1-year change in UNP quarterly operating margin?

UNP quarterly operating margin is up +2.98% year-over-year

How far is UNP quarterly operating margin from its all-time high?

UNP quarterly operating margin is currently -77.08% below its historical high of 177.73% set on December 31, 1993

How does UNP quarterly operating margin rank versus sector peers?

UNP quarterly operating margin is higher than 96.94% of companies in Industrials sector

When is UNP next earnings release?

The next earnings release for UNP is on January 27, 2026

UNP Operating Margin History & Chart Since 1980

Annual Operating Margin

39.90%2.40%+6.40%

December 31, 2024

Summary

Current Value: As of today, UNP annual operating margin is 39.90%, up +6.40% on December 31, 2024
Historical Performance: UNP annual operating margin is down -6.84% over the past 3 years, and up +1.27% over the past 5 years
All-Time High Comparison: UNP annual operating margin is currently -6.84% below its historical high of 42.83% set on December 31, 2021
3-Year Low Comparison: UNP annual operating margin is +6.40% above its 3-year low of 37.50% reached on December 31, 2023
Sector Comparison: UNP annual operating margin is higher than 97.64% of companies in Industrials sector

Operating Margin Chart

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Performance

UNP Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 24	39.90%	+6.4%	-6.8%	+1.3%	+66.4%
Quarterly Operating Margin	Sep 30, 25	40.73%	+3.0%	+1.6%	-1.4%	+28.2%
Price	Jan 16, 26	$229.49	-2.3%	+7.6%	+6.0%	+365.2%
PE Ratio	Jan 16, 26	19.48	-8.0%	+2.5%	-29.2%	+9.2%
Annual Revenue	Dec 31, 24	$24.25B	+0.5%	+11.2%	+11.7%	+71.5%
Annual Operating Profit	Dec 31, 24	$9.68B	+7.0%	+3.6%	+13.1%	+185.3%
Annual Gross Margin	Dec 31, 24	45.37%	+4.3%	-5.9%	+2.4%	+57.3%
Annual Net Margin	Dec 31, 24	27.82%	+5.2%	-7.0%	+2.0%	+107.3%

Operating Margin Highs

UNP Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	39.90%	Dec 31, 24	at high
5Y	42.83%	Dec 31, 21	-6.8%
All	42.83%	Dec 31, 21	-6.8%

Operating Margin Lows

UNP Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	37.50%	Dec 31, 23	+6.4%
5Y	37.50%	Dec 31, 23	+6.4%
All	3.56%	Dec 31, 98	+1020.8%

Operating Margin History

Year	Value	Change
2024	39.90%	+6.4%
2023	37.50%	-5.5%
2022	39.68%	-7.4%
2021	42.83%	+6.8%
2020	40.11%	+1.8%
2019	39.40%	+5.6%
2018	37.30%	-2.3%
2017	38.16%	+5.1%
2016	36.32%	-1.6%
2015	36.91%	+1.2%
2014	36.49%	+7.6%
2013	33.90%	+5.2%
2012	32.23%	+10.1%
2011	29.27%	-0.3%
2010	29.36%	+22.4%
2009	23.98%	+5.7%
2008	22.68%	+9.4%
2007	20.73%	+12.0%
2006	18.51%	+40.0%
2005	13.22%	+4.8%
2004	12.62%	-31.7%
2003	18.47%	-0.8%
2002	18.61%	+7.5%

Year	Value	Change
2001	17.31%	+1.9%
2000	16.99%	+6.2%
1999	16.00%	+349.4%
1998	3.56%	-65.5%
1997	10.33%	-40.8%
1996	17.45%	-2.6%
1995	17.91%	-12.4%
1994	20.45%	+3.9%
1993	19.69%	+2.2%
1992	19.26%	+8.4%
1991	17.76%	0.0%
1990	17.76%	-7.3%
1989	19.15%	-3.2%
1988	19.78%	+7.7%
1987	18.36%	-37.1%
1986	29.18%	+28.3%
1985	22.75%	+1.2%
1984	22.48%	+8.0%
1983	20.81%	+15.9%
1982	17.96%	-9.1%
1981	19.76%	-11.5%
1980	22.33%	-

FAQ

What is the current annual operating margin of UNP?
As of today, UNP annual operating margin is 39.90%
What is 1-year change in UNP annual operating margin?
UNP annual operating margin is up +6.40% year-over-year
What is 3-year change in UNP annual operating margin?
UNP annual operating margin is down -6.84% over the past 3 years
How far is UNP annual operating margin from its all-time high?
UNP annual operating margin is currently -6.84% below its historical high of 42.83% set on December 31, 2021
How does UNP annual operating margin rank versus sector peers?
UNP annual operating margin is higher than 97.64% of companies in Industrials sector
When is UNP next annual earnings release?
The next annual earnings release for UNP is on January 27, 2026

Quarterly Operating Margin

40.73%0.19%-0.46%

September 30, 2025

Summary

Current Value: As of today, UNP quarterly operating margin is 40.73%, down -0.46% on September 30, 2025
Historical Performance: UNP quarterly operating margin is up +2.98% year-over-year, and up +1.57% over the past 3 years
All-Time High Comparison: UNP quarterly operating margin is currently -77.08% below its historical high of 177.73% set on December 31, 1993
3-Year Low Comparison: UNP quarterly operating margin is +11.62% above its 3-year low of 36.49% reached on September 30, 2023
Sector Comparison: UNP quarterly operating margin is higher than 96.94% of companies in Industrials sector

Performance

UNP Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 25	40.73%	-0.5%	+3.0%	+1.6%	-1.4%
Annual Operating Margin	Dec 31, 24	39.90%	–	+6.4%	-6.8%	+1.3%
Price	Jan 16, 26	$229.49	+2.4%	-2.3%	+7.6%	+6.0%
PE Ratio	Jan 16, 26	19.48	+2.4%	-8.0%	+2.5%	-29.2%
Quarterly Revenue	Sep 30, 25	$6.24B	+1.5%	+2.5%	-4.9%	+26.9%
Quarterly Operating Profit	Sep 30, 25	$2.55B	+1.2%	+5.8%	-3.2%	+25.5%
Quarterly Gross Margin	Sep 30, 25	46.36%	+0.6%	+2.2%	+3.1%	-2.1%
Quarterly Net Margin	Sep 30, 25	28.64%	-6.0%	+4.4%	-0.8%	+3.4%

Quarterly Operating Margin Highs

UNP Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	40.99%	N/A	-0.6%
3Y	40.99%	Dec 31, 24	-0.6%
5Y	44.93%	Jun 30, 21	-9.3%
All	177.73%	Dec 31, 93	-77.1%

Quarterly Operating Margin Lows

UNP Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	39.26%	Mar 31, 25	+3.7%
3Y	36.49%	Sep 30, 23	+11.6%
5Y	36.49%	Sep 30, 23	+11.6%
All	-292.62%	Dec 31, 88	+113.9%

Quarterly Operating Margin History

Month	Value	Change
Sep 2025	40.73%	-0.5%
Jun 2025	40.92%	+4.2%
Mar 2025	39.26%	-4.2%
Dec 2024	40.99%	+3.6%
Sep 2024	39.55%	-0.7%
Jun 2024	39.82%	+1.5%
Mar 2024	39.23%	+0.6%
Dec 2023	38.98%	+6.8%
Sep 2023	36.49%	-1.1%
Jun 2023	36.91%	-1.8%
Mar 2023	37.57%	-3.1%
Dec 2022	38.77%	-3.3%
Sep 2022	40.10%	+0.8%
Jun 2022	39.80%	-1.9%
Mar 2022	40.56%	-4.7%
Dec 2021	42.56%	-2.6%
Sep 2021	43.69%	-2.8%
Jun 2021	44.93%	+12.7%
Mar 2021	39.85%	+2.1%
Dec 2020	39.02%	-5.5%
Sep 2020	41.29%	+6.0%
Jun 2020	38.97%	-4.9%
Mar 2020	40.98%	+1.7%
Dec 2019	40.29%	-0.5%
Sep 2019	40.50%	+0.3%
Jun 2019	40.39%	+11.0%
Mar 2019	36.40%	-5.2%
Dec 2018	38.39%	+0.3%
Sep 2018	38.28%	+3.4%
Jun 2018	37.01%	+4.5%
Mar 2018	35.42%	-13.4%
Dec 2017	40.88%	+6.7%
Sep 2017	38.33%	+0.7%
Jun 2017	38.06%	+8.9%
Mar 2017	34.94%	-6.7%
Dec 2016	37.46%	-1.1%
Sep 2016	37.88%	+8.9%
Jun 2016	34.80%	-0.4%
Mar 2016	34.93%	-5.2%
Dec 2015	36.83%	-7.2%
Sep 2015	39.70%	+10.6%
Jun 2015	35.90%	+1.9%
Mar 2015	35.22%	-8.7%
Dec 2014	38.57%	+2.3%
Sep 2014	37.69%	+3.2%
Jun 2014	36.51%	+11.0%
Mar 2014	32.88%	-6.2%
Dec 2013	35.04%	-0.5%
Sep 2013	35.21%	+2.6%
Jun 2013	34.33%	+11.2%
Mar 2013	30.87%	-6.1%
Dec 2012	32.86%	-1.7%
Sep 2012	33.43%	+1.2%
Jun 2012	33.02%	+11.8%
Mar 2012	29.54%	-6.7%
Dec 2011	31.66%	+2.3%
Sep 2011	30.94%	+8.0%
Jun 2011	28.65%	+13.2%
Mar 2011	25.32%	-14.9%
Dec 2010	29.77%	-6.3%
Sep 2010	31.78%	+3.9%
Jun 2010	30.58%	+22.7%
Mar 2010	24.92%	-6.6%
Dec 2009	26.69%	+1.3%
Sep 2009	26.34%	+16.3%
Jun 2009	22.65%	+15.3%
Mar 2009	19.65%	-26.2%
Dec 2008	26.62%	+6.2%
Sep 2008	25.07%	+23.0%
Jun 2008	20.38%	+10.5%
Mar 2008	18.45%	-10.4%
Dec 2007	20.59%	-14.1%
Sep 2007	23.98%	+23.3%
Jun 2007	19.45%	+4.1%
Mar 2007	18.68%	-8.6%
Dec 2006	20.44%	+8.3%

Month	Value	Change
Sep 2006	18.88%	+3.3%
Jun 2006	18.28%	+12.1%
Mar 2006	16.31%	+10.8%
Dec 2005	14.72%	+5.9%
Sep 2005	13.90%	-0.7%
Jun 2005	14.00%	+41.0%
Mar 2005	9.93%	+56.6%
Dec 2004	6.34%	-53.3%
Sep 2004	13.59%	+14.7%
Jun 2004	11.85%	+9.2%
Mar 2004	10.85%	-45.4%
Dec 2003	19.87%	-0.8%
Sep 2003	20.03%	+8.2%
Jun 2003	18.52%	+49.6%
Mar 2003	12.38%	-32.2%
Dec 2002	18.26%	-7.6%
Sep 2002	19.76%	+3.5%
Jun 2002	19.09%	+13.5%
Mar 2002	16.82%	-10.5%
Dec 2001	18.80%	-0.9%
Sep 2001	18.97%	+15.1%
Jun 2001	16.48%	+10.5%
Mar 2001	14.92%	+28.3%
Dec 2000	11.63%	-37.4%
Sep 2000	18.57%	+2.1%
Jun 2000	18.19%	+17.2%
Mar 2000	15.52%	-19.0%
Dec 1999	19.15%	+7.6%
Sep 1999	17.80%	+11.9%
Jun 1999	15.90%	+20.4%
Mar 1999	13.21%	+55.4%
Dec 1998	8.50%	+0.7%
Sep 1998	8.44%	+237.5%
Jun 1998	-6.14%	-369.3%
Mar 1998	2.28%	-95.5%
Dec 1997	50.83%	+215.3%
Sep 1997	16.12%	-9.3%
Jun 1997	17.77%	+1.3%
Mar 1997	17.54%	-61.2%
Dec 1996	45.20%	+87.2%
Sep 1996	24.15%	+0.6%
Jun 1996	24.01%	+54.4%
Mar 1996	15.55%	-57.4%
Dec 1995	36.52%	+72.4%
Sep 1995	21.18%	-13.2%
Jun 1995	24.39%	+22.7%
Mar 1995	19.87%	-82.5%
Dec 1994	113.27%	+405.2%
Sep 1994	22.42%	+11.8%
Jun 1994	20.05%	+3.9%
Mar 1994	19.29%	-89.1%
Dec 1993	177.73%	+962.3%
Sep 1993	16.73%	-14.8%
Jun 1993	19.64%	+12.7%
Mar 1993	17.43%	-20.7%
Dec 1992	21.97%	-2.5%
Sep 1992	22.53%	-2.1%
Jun 1992	23.01%	+4.8%
Mar 1992	21.95%	-7.6%
Dec 1991	23.76%	-2.5%
Sep 1991	24.38%	+3.6%
Jun 1991	23.54%	+7.7%
Mar 1991	21.86%	-16.3%
Dec 1990	26.11%	+20.9%
Sep 1990	21.59%	-5.8%
Jun 1990	22.93%	+5.8%
Mar 1990	21.67%	-5.6%
Dec 1989	22.96%	+2.9%
Sep 1989	22.31%	-0.7%
Jun 1989	22.46%	+107.7%
Dec 1988	-292.62%	-111.7%
Dec 1987	-138.22%	+19.0%
Dec 1986	-170.56%	+24.4%
Dec 1985	-225.53%	+9.6%
Dec 1984	-249.60%	-

FAQ

What is the current quarterly operating margin of UNP?
As of today, UNP quarterly operating margin is 40.73%
What is UNP quarterly operating margin most recent change?
UNP quarterly operating margin was down -0.46% on September 30, 2025
What is 1-year change in UNP quarterly operating margin?
UNP quarterly operating margin is up +2.98% year-over-year
How far is UNP quarterly operating margin from its all-time high?
UNP quarterly operating margin is currently -77.08% below its historical high of 177.73% set on December 31, 1993
How does UNP quarterly operating margin rank versus sector peers?
UNP quarterly operating margin is higher than 96.94% of companies in Industrials sector
When is UNP next earnings release?
The next earnings release for UNP is on January 27, 2026

Operating Margin Formula

Operating Profit Margin = Operating Profit

Revenue × 100%

Data Sources & References

UNP Official Website www.up.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/100885/000010088525000321/0000100885-25-000321-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/100885/000010088525000042/0000100885-25-000042-index.htm
UNP Profile on Yahoo Finance finance.yahoo.com/quote/UNP
UNP Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/unp