United Parcel ServiceUPSEarnings & Financial Report
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses.
Revenue
$25.3B
Gross Profit
N/A
Operating Profit
$2.9B
Net Profit
$1.7B
Gross Margin
N/A
Operating Margin
11.6%
Net Margin
6.8%
YoY Growth
1.5%
EPS
$2.00
United Parcel Service Q4 FY2024 Financial Summary
United Parcel Service reported revenue of $25.3B (up 1.5% YoY) for Q4 FY2024, with a net profit of $1.7B (up 7.2% YoY) (6.8% margin).
Key Financial Metrics
| Total Revenue | $25.3B |
|---|---|
| Net Profit | $1.7B |
| Gross Margin | N/A |
| Operating Margin | 11.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
United Parcel Service Q4 FY2024 revenue of $25.3B breaks down across 8 segments, led by Ground at $12.9B (51.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Ground | $12.9B | 51.1% |
| Export | $3.9B | 15.3% |
| Next Day Air | $2.7B | 10.6% |
| Logistic | $1.8B | 7.1% |
| Other | $1.5B | 5.8% |
| Deferred | $1.4B | 5.5% |
| Forwarding | $826.0M | 3.3% |
| Cargo | $163.0M | 0.6% |
United Parcel Service Revenue by Segment — Quarterly Trend
United Parcel Service revenue by segment across the last 4 reported quarters, showing how each business line (such as Ground and Export) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Ground | — | $12.5B | $10.5B | $10.5B |
| Export | — | $3.9B | $3.6B | $3.5B |
| Next Day Air | — | $2.6B | $2.4B | — |
| Logistic | — | $1.4B | $1.4B | $1.5B |
| Other | — | $1.5B | $1.0B | $445.0M |
United Parcel Service Annual Revenue by Year
United Parcel Service annual revenue history includes year-by-year totals (for example, 2025 revenue was $88.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $88.7B |
| 2024 | $91.1B |
| 2023 | $91.0B |
| 2022 | $100.3B |
United Parcel Service Quarterly Revenue & Net Profit History
United Parcel Service results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $21.2B | -1.6% | $864.0M | 4.1% |
| Q4 FY2025 | $24.5B | -3.2% | $1.8B | 7.3% |
| Q3 FY2025 | $21.4B | -3.7% | $1.3B | 6.1% |
| Q2 FY2025 | $21.2B | -2.7% | $1.3B | 6.0% |
| Q1 FY2025 | $21.5B | -0.7% | $1.2B | 5.5% |
| Q4 FY2024 | $25.3B | +1.5% | $1.7B | 6.8% |
| Q3 FY2024 | $22.2B | +5.6% | $1.5B | 6.9% |
| Q2 FY2024 | $21.8B | -1.1% | $1.4B | 6.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.82B | $22.25B | $25.30B | $21.55B | $21.22B | $21.41B | $24.48B | $21.20B |
| YoY Growth | -1.1% | 5.6% | 1.5% | -0.7% | -2.7% | -3.7% | -3.2% | -1.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $69.42B | $68.26B | $70.07B | $68.47B | $70.92B | $71.39B | $73.09B | $71.81B |
| Liabilities | $52.39B | $51.41B | $53.35B | $52.81B | $55.17B | $55.57B | $56.86B | N/A |
| Equity | $17.03B | $16.86B | $16.72B | $15.66B | $15.75B | $15.82B | $16.23B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.99B | $1.50B | $3.31B | $2.32B | $348.0M | $2.48B | $3.30B |