UNION PACIFIC CORP (UNP) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 23, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

590M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

UNP currently has 594M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 23, 2026	10-Q filing \| 593.6M shares outstanding	590M
Jul 24, 2025	10-Q filing \| 594.1M shares outstanding	590M
Apr 24, 2025	10-Q filing \| 601.0M shares outstanding	600M
Feb 07, 2025	10-K filing \| 607.6M shares outstanding	610M
Oct 24, 2024	10-Q filing \| 607.6M shares outstanding	610M
Jul 25, 2024	10-Q filing \| 609.4M shares outstanding	610M
Apr 25, 2024	10-Q filing \| 610.2M shares outstanding	610M
Feb 09, 2024	10-K filing \| 610.2M shares outstanding	610M
Oct 19, 2023	10-Q filing \| 609.8M shares outstanding	610M
Jul 26, 2023	10-Q filing \| 609.5M shares outstanding	610M
Apr 20, 2023	10-Q filing \| 610.6M shares outstanding	610M
Feb 10, 2023	10-K filing \| 622.7M shares outstanding	620M
Oct 20, 2022	10-Q filing \| 620.4M shares outstanding	620M
Jul 21, 2022	10-Q filing \| 625.6M shares outstanding	630M
Apr 21, 2022	10-Q filing \| 632.2M shares outstanding	630M
Feb 04, 2022	10-K filing \| 653.8M shares outstanding	650M
Oct 21, 2021	10-Q filing \| 648.7M shares outstanding	650M
Jul 22, 2021	10-Q filing \| 658.5M shares outstanding	660M
Apr 22, 2021	10-Q filing \| 667.6M shares outstanding	670M
Feb 05, 2021	10-K filing \| 677.3M shares outstanding	680M
Oct 22, 2020	10-Q filing \| 675.0M shares outstanding	680M
Jul 23, 2020	10-Q filing \| 679.2M shares outstanding	680M
Apr 23, 2020	10-Q filing \| 684.3M shares outstanding	680M
Feb 07, 2020	10-K filing \| 703.5M shares outstanding	700M

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