UPS · United Parcel Service Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.20B | - | $21.41B | $21.22B | $21.55B | - | $22.25B | $21.82B | $21.71B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $19.93B | - | $19.61B | $19.40B | $19.88B | - | $20.26B | $19.87B | $20.09B | - |
| D&A | $743.00M | - | $926.00M | $936.00M | $912.00M | - | $905.00M | $887.00M | $898.00M | - |
| Operating Income | $1.27B | - | $1.80B | $1.82B | $1.67B | - | $1.99B | $1.94B | $1.61B | - |
| Interest Expense | $266.00M | - | $291.00M | $238.00M | $195.00M | - | $230.00M | $212.00M | $195.00M | - |
| Income Tax | $260.00M | - | $296.00M | $379.00M | $336.00M | - | $371.00M | $460.00M | $423.00M | - |
| Net Income | $864.00M | - | $1.54B | $1.41B | $1.19B | - | $1.54B | $1.41B | $1.11B | - |
| EPS - Basic | $1.02 | - | $1.55 | $1.51 | $1.40 | - | $1.80 | $1.65 | $1.30 | - |
| EPS - Diluted | $1.02 | - | $1.55 | $1.51 | $1.40 | - | $1.80 | $1.65 | $1.30 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.80B | $5.89B | $6.76B | $6.19B | $4.80B | $6.11B | $5.86B | $6.32B | $4.28B | $3.21B |
| Accounts Receivable | $9.95B | $11.21B | $9.97B | $10.43B | $9.89B | $10.87B | $9.20B | $9.05B | $9.55B | $11.22B |
| Inventory | - | $739.00M | - | - | - | $826.00M | - | - | - | $935.00M |
| Accounts Payable | $5.91B | $6.63B | $5.78B | $6.04B | $5.45B | $6.30B | $5.41B | $5.30B | $5.40B | $6.34B |
| Current Assets | $17.79B | $19.05B | $18.98B | $18.85B | $17.09B | $19.31B | $17.26B | $18.82B | $16.18B | $19.41B |
| Total Assets | $71.81B | $73.09B | $71.39B | $70.92B | $68.47B | $70.07B | $68.26B | $69.42B | $67.63B | $70.86B |
| Current Liabilities | $14.67B | $15.62B | $14.55B | $14.24B | $15.66B | $16.44B | $15.08B | $15.09B | $14.70B | $17.68B |
| Long-term Debt | - | $23.59B | - | - | - | $21.03B | - | - | - | $22.00B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $15.76B | $16.23B | $15.82B | $15.75B | $15.66B | $16.72B | $16.86B | $17.03B | $16.91B | $17.31B |
| Retained Earnings | $19.62B | $20.15B | $19.75B | $19.83B | $19.94B | $20.88B | $20.55B | $20.69B | $20.68B | $21.05B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.22B | - | - | - | $2.32B | - | - | - | $3.32B | - |
| Investing Cash Flow | ($944.00M) | - | - | - | ($1.35B) | - | - | - | $1.57B | - |
| Financing Cash Flow | ($1.33B) | - | - | - | ($2.31B) | - | - | - | ($3.67B) | - |
| CapEx | $1.03B | - | - | - | $876.00M | - | - | - | $1.03B | - |
| Free Cash Flow | $1.19B | - | - | - | $1.44B | - | - | - | $2.28B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 6.0% | - | 8.4% | 8.6% | 7.7% | - | 8.9% | 8.9% | 7.4% | - |
| EBITDA margin | 9.5% | - | 12.7% | 13.0% | 12.0% | - | 13.0% | 13.0% | 11.6% | - |
| Net margin | 4.1% | - | 7.2% | 6.6% | 5.5% | - | 6.9% | 6.5% | 5.1% | - |
| Free cash flow margin | 5.6% | - | - | - | 6.7% | - | - | - | 10.5% | - |
| FCF / Net income | 1.38 | - | - | - | 1.21 | - | - | - | 2.05 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.1% | - | 16.1% | 21.2% | 22.1% | - | 19.4% | 24.6% | 27.5% | - |
| Return on assets | 1.2% | - | 2.2% | 2.0% | 1.7% | - | 2.3% | 2.0% | 1.6% | - |
| Return on equity | 5.5% | - | 9.7% | 8.9% | 7.6% | - | 9.1% | 8.3% | 6.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.21 | 1.22 | 1.30 | 1.32 | 1.09 | 1.17 | 1.14 | 1.25 | 1.10 | 1.10 |
| Quick ratio | 1.21 | 1.17 | 1.30 | 1.32 | 1.09 | 1.12 | 1.14 | 1.25 | 1.10 | 1.05 |
| Cash ratio | 0.40 | 0.38 | 0.46 | 0.43 | 0.31 | 0.37 | 0.39 | 0.42 | 0.29 | 0.18 |
| Leverage | ||||||||||
| Debt / Equity | - | 1.45 | - | - | - | 1.26 | - | - | - | 1.27 |
| Debt / Assets | - | 0.32 | - | - | - | 0.30 | - | - | - | 0.31 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 4.8x | - | 6.2x | 7.7x | 8.5x | - | 8.6x | 9.2x | 8.3x | - |
| Equity multiplier | 4.56 | 4.50 | 4.51 | 4.50 | 4.37 | 4.19 | 4.05 | 4.08 | 4.00 | 4.09 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.30 | 0.30 | 0.31 | - | 0.33 | 0.31 | 0.32 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 171d | - | 170d | 179d | 167d | - | 151d | 151d | 161d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 96.5x | - | 53.9x | 66.8x | 78.6x | - | 75.7x | 82.9x | 114.3x | - |
| P / B | 5.3x | - | 4.5x | 5.4x | 6.0x | - | 6.9x | 6.9x | 7.5x | - |
| P / S | 3.9x | - | 3.3x | 4.0x | 4.3x | - | 5.2x | 5.4x | 5.9x | - |
| EV / EBITDA | 38.7x | - | 23.5x | 28.8x | 34.4x | - | 38.3x | 39.2x | 49.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.6% | - | -3.7% | -2.7% | -0.7% | - | 5.6% | -1.1% | -5.3% | - |
| Revenue CAGR (3y) | -2.6% | - | -3.9% | -5.0% | -4.0% | - | -1.4% | -2.3% | -1.8% | - |
| Revenue CAGR (5y) | -1.5% | - | 0.2% | 0.7% | 3.6% | - | 4.0% | 3.9% | 4.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -23.9% | - | -9.1% | -6.3% | 3.3% | - | 47.8% | -30.1% | -36.5% | - |
| Net income growth (YoY) | -27.2% | - | 0.0% | 0.0% | 6.6% | - | 36.6% | -32.3% | -41.3% | - |
| EPS growth (YoY) | -27.1% | - | -13.9% | -8.5% | 7.7% | - | 37.4% | -31.8% | -40.6% | - |
| EPS CAGR (3y) | -22.5% | - | -19.4% | -22.5% | -22.7% | - | -12.1% | -18.5% | -38.1% | - |
| EPS CAGR (5y) | -28.5% | - | -7.1% | -5.7% | 4.8% | - | -2.2% | -3.2% | 0.3% | - |
| FCF growth (YoY) | -17.3% | - | - | - | -36.8% | - | - | - | 30.5% | - |
| FCF CAGR (5y) | -20.2% | - | - | - | -2.3% | - | - | - | 24.5% | - |
| Book value growth (YoY) | 0.7% | -2.9% | -6.1% | -7.5% | -7.4% | -3.4% | -12.1% | -14.9% | -15.6% | -12.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$78.09B totalU.S.Domestic Package Segment$59.52B · 76.2%
International Segment$18.58B · 23.8%
Product / service
$88.66B totalGround$44.18B · 49.8%
Export$14.48B · 16.3%
Next Day Air$9.65B · 10.9%
Logistic$5.86B · 6.6%
Deferred$4.45B · 5.0%
Domestic$3.40B · 3.8%
Forwarding$2.92B · 3.3%
Product And Service Other$1.79B · 2.0%
Cargo And Other$1.24B · 1.4%
Cargo$696.00M · 0.8%
Geographic
$88.66B totalUS$67.43B · 76.1%
Non Us$21.23B · 23.9%
Peer comparison
Same SIC group: Trucking & Courier Services (No Air)
Comparing UNITED PARCEL SERVICE INC against the 4 most active filers in the same SIC group.
Dividends
$6.56/share trailing 12 months · +0.3% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $1.6400 |
| Feb 17, 2026 | $1.6400 |
| Nov 17, 2025 | $1.6400 |
| Aug 18, 2025 | $1.6400 |
| May 19, 2025 | $1.6400 |
| Feb 18, 2025 | $1.6400 |
| Nov 18, 2024 | $1.6300 |
| Aug 19, 2024 | $1.6300 |
| May 10, 2024 | $1.6300 |
| Feb 16, 2024 | $1.6300 |
| Nov 10, 2023 | $1.6200 |
| Aug 11, 2023 | $1.6200 |
| May 12, 2023 | $1.6200 |
| Feb 17, 2023 | $1.6200 |
| Nov 10, 2022 | $1.5200 |
| Aug 12, 2022 | $1.5200 |
| May 13, 2022 | $1.5200 |
| Feb 18, 2022 | $1.5200 |
| Nov 19, 2021 | $1.0200 |
| Aug 20, 2021 | $1.0200 |
| May 21, 2021 | $1.0200 |
| Feb 19, 2021 | $1.0200 |
| Nov 12, 2020 | $1.0100 |
| Aug 21, 2020 | $1.0100 |