Union Pacific reported strong fourth-quarter and full-year 2025 results, delivering record operational performance and higher profitability. Fourth-quarter net income reached $1.8 billion, with diluted EPS of $3.11, while full-year net income rose 6% to $7.1 billion and diluted EPS increased 8% to $11.98. The company also improved its operating ratio on a full-year basis to 59.8%, reflecting continued efficiency gains.

Operationally, Union Pacific posted best-ever results across key metrics in 2025, including safety, freight car velocity, terminal dwell, train length, and workforce productivity. Management said the company enters 2026 focused on further service and safety improvements, pricing above inflation, mid-single-digit EPS growth, continued operating ratio improvement, and strong cash generation, supported by a planned $3.3 billion capital program and ongoing dividend growth.