# Union Pacific Reports 16% Profit Growth as Rail Volumes Rise

The railroad reported $2.1 billion in quarterly net income and 6% growth in revenue carloads.

By Will Langan | 24X7 News
Published: 2026-10-27T03:01:30.773Z
Updated: 2026-10-27T03:01:30.773Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/union-pacific-third-quarter-2026-profit-volumes

Launch Catch-Up — Results Announced October 22, 2026

Union Pacific reported third-quarter net income of $2.1 billion, up 16% from a year earlier, in its October 22 earnings announcement. Diluted earnings increased to $3.49 a share from $3.01.

Operating revenue rose 15% to $7.2 billion. The railroad attributed the increase to higher fuel surcharges, 6% growth in revenue carloads, pricing gains and other revenue, partly offset by the mix of shipments.

Freight revenue excluding fuel surcharges increased 6%, a narrower gain than the headline operating-revenue figure.

The reported operating ratio, which measures expenses as a share of revenue, improved slightly to 59.1%. Its adjusted ratio increased to 58.8%; the company said higher fuel prices weighed on this measure.

Union Pacific maintained its expectation for high-single-digit growth in reported earnings per share for 2026 and set its capital plan at $3.5 billion. Those annual figures remain management’s outlook rather than completed full-year results.

Sources
Union Pacific — October 22 earnings release: https://investor.unionpacific.com/node/30941/pdf

## Sources
- Union Pacific — October 22 earnings release: https://investor.unionpacific.com/node/30941/pdf