Omaha, Nebraska-based Union Pacific Corporation (NYSE:UNP) reported financial results for the fourth quarter and full year ended December 31, 2025, reflecting solid operational performance and strategic land sales despite ongoing industry headwinds.
Fourth-quarter net income was $1.8 billion, or $3.11 per diluted share.
Results included a $234 million gain from industrial park land sales, adding $0.30 to diluted EPS, and $30 million in merger-related costs, reducing diluted EPS by $0.05.
Adjusted net income (excluding these items) was $1.7 billion, or $2.86 per diluted share, compared with adjusted net income of $1.8 billion, or $2.96 per diluted share, in the fourth quarter of 2024.
For the full year, net income reached $7.1 billion, or $11.98 per diluted share, up from $6.7 billion, or $11.09 per diluted share, in 2024, representing 6% net income growth and 8% diluted EPS improvement.
Adjusted net income was $6.9 billion, or $11.66 per diluted share, compared with adjusted net income of $6.8 billion, or $11.11 per diluted share, in 2024, reflecting 3% adjusted net income growth and 5% adjusted diluted EPS improvement.