Union Pacific Corporation number of employees

Union Pacific Corporation reported 29,287 employees at December 31, 2025 in its latest annual report, down 3,152 (9.7%) on the year before. That compares with 33,179 at December 31, 2022. Revenue per employee was $836,890.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
December 31, 2025	29,287	−3,152 (9.7%)	$836,890	10-K, filed February 6, 2026
December 31, 2024	32,439	−534 (1.6%)	$747,557	10-K, filed February 7, 2025
December 31, 2023	32,973	−206 (0.6%)	$731,477	10-K, filed February 9, 2024
December 31, 2022	33,179	—	$749,721	10-K, filed February 10, 2023

What the annual reports say

We employed an average of 29,287 employees during 2025. 2025 annual report
As of December 31, 2024, the Company employed 32,439 employees. 2024 annual report
As of December 31, 2023, the Company employed 32,973 employees. 2023 annual report
As of December 31, 2022, the Company employed 33,179 employees. 2022 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Norfolk Southern employees

Head to head: NSC vs UNP

More: Rail Transportation stocks compared, Industrials sector, rankings of US companies

Figures from Union Pacific Corporation's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Union Pacific Corporation.