Union Pacific Corporation (UNP) Revenue by Segment

Union Pacific revenue by segment at a glance

In Q3 fiscal 2021 (the quarter ended September 30, 2021), Union Pacific's largest business segment was Industrial, with $1.91 billion or 37% of revenue, up 22.0% from a year earlier. Next: Bulk (33%) and Premium (30%).

By product or service, Cargo and Freight brought in 95%, Other Subsidiary Revenues brought in 3% and Accessorial Revenues brought in 2% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Industrial (+22.0%).

From company filings, in USD; latest quarter ended September 30, 2021; quarterly data from Q3 fiscal 2017.

Union Pacific Corporation

UNPManufacturing and Production

United States

Manufacturing and Production

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

ReportableIndustrialPremiumBulkEnergyAgriculture

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Reportable	USD 6.86B	100.0%	+11.5%

Sum of items USD 6.86B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Reportable	6.9B	6.2B	6.1B	6.2B	6.2B	6.0B	6.1B	6.1B	6.0B	6.0B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Industrial	–	–	–	–	–	–	–	–	–	–	–	1.9B	1.9B	1.7B	1.7B	1.6B	1.5B	1.9B	1.8B	1.9B	1.9B	1.8B	1.4B	1.5B	1.4B	1.3B	–	1.3B
Premium	–	–	–	–	–	–	–	–	–	–	–	1.6B	1.6B	1.5B	1.6B	1.6B	1.1B	1.5B	1.5B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.5B	–	1.4B
Bulk	–	–	–	–	–	–	–	–	–	–	–	1.7B	1.6B	1.5B	1.6B	1.5B	1.4B	1.5B	1.5B	1.7B	1.7B	1.6B	–	–	–	–	–	–
Energy	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.1B	1.2B	1.1B	1.2B	–	1.2B
Agriculture	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.1B	1.1B	1.1B	1.1B	–	1.1B

Union Pacific revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Industrial	–	–	–	–	37%
Bulk	–	–	–	–	33%
Premium	–	–	–	–	30%

In USD, fiscal quarters as reported; share = part of Q3 FY21 revenue.

Union Pacific revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Cargo and Freight	$6.5B	$5.9B	$5.9B	$5.8B	95%
Other Subsidiary Revenues	$194.0M	$175.0M	$172.0M	$181.0M	3%
Accessorial Revenues	$129.0M	$126.0M	$124.0M	$107.0M	2%
Other Miscellaneous Product and Service Revenues	$23.0M	$23.0M	$21.0M	$23.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Union Pacific's business segments?

Industrial, Bulk and Premium (as reported for Q3 fiscal 2021).

Which business segment makes the most money for Union Pacific?

Industrial: $1.91 billion, or 37% of revenue, in Q3 fiscal 2021.

What are Union Pacific's main products and services?

By revenue in Q2 fiscal 2026: Cargo and Freight (95%), Other Subsidiary Revenues (3%), Accessorial Revenues (2%) and Other Miscellaneous Product and Service Revenues (under 1%).

MoreUnion Pacific stock overview Union Pacific financials Union Pacific executive team Union Pacific shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.