PerpEquities

Equity · Industrials

Union Pacific Corporation (UNP) perpetual futures

UNP perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade UNPUSDT.

Union Pacific operates a major US freight railroad (32,452 route miles) shipping agricultural, energy, industrial, automotive, and intermodal cargo.

$308.54+1.7%NYSE closed
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venue perp mark · BingX (UNP-USDT)
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Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$308.7K
Open interest
$76.3K
Best liquidity
$13.2K
BingX
Tightest spread
+135.2 bps
MEXC
Highest volume
$203.2K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $884M
OI / float
0.00%
Float $183B
Spot performance
1D+1.68%
5D+0.68%
1M+10.87%
6M+17.13%
YTD+33.38%
1Y+39.66%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeUNP-USDTTrading$308.54+9.0% APR
+0.00820% every 8h		+155.9 bps$13.2K$203.2K$2.8KUSDT-
MEXCTradeUNP/USDTTrading$308.70+12.8% APR
+0.012% every 8h		+135.2 bps$2.9K$105.6K$73.5KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: BingX, MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

UNP
BingX · UNP-USDT$13.2K

Tightest spread

UNP
MEXC · UNP/USDT+135.2 bps

Highest volume

UNP
BingX · UNP-USDT$203.2K

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-22 · next report 2027-01-26 · Updated 16h ago
All financials →

Valuation & key figures

Market cap
$180.3B
Updated 16h ago
Revenue
$26.4B
Trailing 12 months
Revenue growth
+12%
Next fiscal year
Profit margin
+28.9%
P/E
23.6
Peer P/E 28.3
P/S
6.8
Peer P/E
28.3
Similar listed perps
Free cash flow
$6.7B
Trailing 12 months
Net income
$7.6B
Trailing 12 months
Revenue estimate
$27.4B
Next fiscal year
Earnings
2027-01-26
Revenue est. $7.1B · Updated 16h ago
Dividend
$1.42
2026-08-31
Revenue (TTM)$26.4B+7.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)40.0%-0.6 pp vs a year agoOperating income $10.5B
Net income (TTM)$7.62B+8.0% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$6.69B+11.3% vs a year agoCapex $3.83B
Diluted EPS (TTM)$12.83+9.0% vs a year agoSum of the last 4 quarters
Net cash-$28.3B+11.8% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-22): revenue beat by 0.5%, EPS beat by 1.7%Revenue $7.2B vs $7.16B expected (+0.5%); EPS $3.53 vs $3.47 (+1.7%).
  • Revenue growth accelerating: 15.3% year on yearQ3 '26 revenue $7.2B, against an average of 4.2% over the four quarters before.
  • Operating margin 40.0% (TTM), -0.6 pp on a year agoOperating income grew 5.8% while revenue grew 7.4%.
  • Capex 14.5% of revenue (a year ago 15.1%)$3.83B invested in the last 4 quarters (+3.2% on a year earlier). Free cash flow $6.69B = 87.9% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Industrial$2.51B+14.4%34.9%
Premium$2.19B+21.4%30.4%
Bulk$2.12B+9.6%29.4%
Other Subsidiary Revenues$201M+16.9%2.8%
Accessorial Revenues$157M+26.6%2.2%
Other Miscellaneous Product and Service Revenues$26M+23.8%0.4%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 237 lines Union Pacific Corporation reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-26
Revenue est. $7.1B · Updated 16h ago
Dividend
$1.42
2026-08-31

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202613.18$27.4B+12%16
FY 202714.39$29B+18%17
FY 202815.72$31.2B+27%8
FY 202918.02$35.8B+46%5
FY 203019.63$39.6B+62%5
Q1 20283.46$8.6B+38%6

Company events

6
2027-01-26EarningsActual - / Estimate 3.31-
2026-10-22Earnings · Before market openActual 3.53 / Estimate 3.47Beat
2026-08-31Dividend$1.42-
2026-07-23EarningsActual 3.41 / Estimate 3.26Beat
2026-05-29Dividend$1.38-
2026-04-23EarningsActual 2.93 / Estimate 2.86Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
DE$182.4B3.837.5+10.2%3CATLHK$211.8B2.413.9+15.0%1HITACHI$144.2B2.030.6+6.5%1LMT$139.6B1.821.4+8.2%7ETN$137.1B4.335.2+12.2%3BA$135.9B1.418.0+8.1%8ADP$116.4B5.226.0+20.3%2PH$114.8B5.331.5+17.0%2

Company data

Company intelligence

Updated: Nov 4, 2026, 02:34 PM UTC

Company profile

Sector
Industrials
Industry
Railroads
Chief executive
Vincenzo James Vena
Employees
28,716
IPO date
Jan 2, 1980
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei4.43
Piotroski scorei7/9
Overall ratingiB+
Owner earningsi$4.13B$6.96 per share
ESG risk ratingiBIndustry rank: 4 out of 11

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
1
Price to earningsi
3
Price to booki
1

Company press releases

Union Pacific Reports Third Quarter 2026 ResultsBusiness WireUnion Pacific Chief Financial Officer Jennifer Hamann to Retire After 35 Years of ServiceBusiness WireCharging into the Future: Union Pacific Debuts First Two Battery-Electric Locomotives in Southern CaliforniaBusiness WireUnion Pacific Railroad and Norfolk Southern Combination Gains Additional MomentumBusiness WireSteaming Up for the Holidays: Union Pacific's Big Boy to Embark on First-Ever Holiday Tour for Make-A-Wish FoundationBusiness WireMore Than 500 Customers Back Union Pacific-Norfolk Southern Combination as a Catalyst for American GrowthPRNewsWire

Congressional disclosures

Senate

House

Market cap history
$180.15B+2.4%Aug 26 – Nov 26
$160.00B$171.93B$183.87BHigh: $183.87B · 2026-08-24Low: $160.00B · 2026-09-21Latest: $180.15B · 2026-11-03Aug 26Sep 26Oct 26Nov 26
Latest: $180.15B · 2026-11-03High: $183.87B · 2026-08-24Low: $160.00B · 2026-09-21
M&A filings
UNION PACIFIC CORP → Norfolk Southern CorporationAcquirer
Largest fund holders
FundWeightShares held
VTI0.22%18.9M
VOO0.25%15.6M
VCPA.S0.24%12.8M
IVV0.28%7.9M
1657.T0.21%7.9M
XSP.TO0.27%7.9M
XWD.TO0.2%7.9M
SPY0.27%7.2M
FXAIX0.25%6.9M
VTV0.61%5.7M
XLI3.32%3.5M
VIG0.72%3.4M

Analyst track record

How the analysts covering UNP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings155416
Analysts3041
Buy / hold / sell128 / 27 / 0314 / 100 / 2
Upgrades / downgrades / initiations3 / 3 / 612 / 9 / 11
Price targets hit / missed73 / 76 (49%)329 / 76 (81%)
Avg. return after a rating (TipRanks)-0.6%+10.0%
Best / worst call+23.2% / -16.8%+51.0% / -16.8%

After buy calls on this stock: median 21-day move +2.8% vs S&P 500 -0.6% (n = 317)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Jason SeidlTD Cowen80% hit rate on this stock · 15 targets measuredBuytarget $328Oct 23, 2026
  2. David VernonBernstein59% hit rate on this stock · 17 targets measuredBuytarget $346Oct 5, 2026
  3. Patrick BrownRaymond James56% hit rate on this stock · 9 targets measuredBuytarget $350Oct 15, 2026

Latest ratings

DateAnalystCallTarget
Oct 27, 2026Christopher StathoulopoulosSusquehannaBuyMaintained$345article ↗
Oct 23, 2026Jason SeidlTD CowenBuyReiterated$328article ↗
Oct 23, 2026Thomas WadewitzUBSBuyMaintained$339article ↗
Oct 23, 2026Alex IrvingBernsteinBuyMaintained$347article ↗
Oct 23, 2026Christian WetherbeeWells FargoBuyMaintained$335article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$240$260$280$300$320$340Dec 25 · Buy 12 · Hold 9 · Sell 0Dec 25Jan 26 · Buy 11 · Hold 8 · Sell 0Feb 26 · Buy 11 · Hold 7 · Sell 0Feb 26Mar 26 · Buy 14 · Hold 5 · Sell 0Apr 26 · Buy 14 · Hold 4 · Sell 0Apr 26May 26 · Buy 15 · Hold 4 · Sell 0Jun 26 · Buy 17 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 20 · Hold 5 · Sell 0Aug 26 · Buy 21 · Hold 5 · Sell 0Aug 26Sep 26 · Buy 22 · Hold 4 · Sell 0Oct 26 · Buy 22 · Hold 4 · Sell 0Oct 26Nov 26 · Buy 22 · Hold 4 · Sell 0Dec 25 · avg. target $262Jan 26 · avg. target $263Feb 26 · avg. target $266Mar 26 · avg. target $274Apr 26 · avg. target $293May 26 · avg. target $295Jun 26 · avg. target $300Jul 26 · avg. target $333Aug 26 · avg. target $334Sep 26 · avg. target $336Oct 26 · avg. target $336Nov 26 · avg. target $336Dec 25 · month-end close $231Jan 26 · month-end close $235Feb 26 · month-end close $265Mar 26 · month-end close $243Apr 26 · month-end close $269May 26 · month-end close $263Jun 26 · month-end close $272Jul 26 · month-end close $292Aug 26 · month-end close $301Sep 26 · month-end close $272Oct 26 · month-end close $304Nov 26 · month-end close $304

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 155 ratings

Frequently asked questions

Where can I trade UNP perpetual futures?

Union Pacific Corporation (UNP) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade UNP around the clock?

Yes. Unlike the underlying stock, UNP perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on UNP perpetuals?

Right now the UNP perp funding rate is +10.9% annualized (venue median), ranging from +9.0% to +12.8% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the UNP perp price compare to the Union Pacific Corporation stock?

The venue-median UNP perp mark is $308.6 versus a reference stock price of $308.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a UNP perpetual future?

A UNP perpetual is a derivative that tracks the price of Union Pacific Corporation with no expiry date. It lets you take long or short exposure to Union Pacific Corporation on crypto venues, around the clock.

What is UNPUSDT perpetual?

UNPUSDT is the symbol most crypto exchanges use for the Union Pacific Corporation perpetual settled in USDT (Tether). It tracks the UNP share price through an index, trades 24/7 with leverage and never expires.

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