UNP · 8-K · 20261022PR000319
Income Tax Rate Changes
UNION PACIFIC CORP · 2026-10-22 · Importance 46 · Surprise 30 · No source text
Third-quarter income tax expense increased 23% year over year to $650 million, compared with an 18% increase in income before taxes. The effective tax rate increased to 23.8% from 22.9%, a 0.9 percentage-point increase. Year-to-date income tax expense rose 19% to $1.740 billion, while the year-to-date effective tax rate increased 1.5 percentage points to 23.2%.
Key facts
- Income tax expense for third quarter 2026 was $650 million, a 23% increase versus $530 million in third quarter 2025, resulting in an effective tax rate of 23.8% (up 0.9 percentage points). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -1.8% | Income tax expense for third quarter 2026 was $650 million, a 23% increase versus $530 million in third quarter 2025, resulting in an… |
| margin | negative | realized | -0.9% | Income tax expense for third quarter 2026 was $650 million, a 23% increase versus $530 million in third quarter 2025, resulting in an… |