# UNION PACIFIC CORP (UNP) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from UNION PACIFIC CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/UNP/mda/fy2025/): filed 2026-02-06; accession 0000100885-26-000037 (https://www.sec.gov/Archives/edgar/data/100885/000010088526000037/unp-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/UNP/mda/fy2024/): filed 2025-02-07; accession 0000100885-25-000042 (https://www.sec.gov/Archives/edgar/data/100885/000010088525000042/unp-20241231.htm)
- [FY 2023 MD&A](/company/UNP/mda/fy2023/): filed 2024-02-09; accession 0001437749-24-003599 (https://www.sec.gov/Archives/edgar/data/100885/000143774924003599/unp20231231_10k.htm)
- [FY 2022 MD&A](/company/UNP/mda/fy2022/): filed 2023-02-10; accession 0001437749-23-002959 (https://www.sec.gov/Archives/edgar/data/100885/000143774923002959/unp20221231_10k.htm)
- [FY 2021 MD&A](/company/UNP/mda/fy2021/): filed 2022-02-04; accession 0001437749-22-002494 (https://www.sec.gov/Archives/edgar/data/100885/000143774922002494/unp20211231_10k.htm)

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