United Parcel Service Inc. (UPS) reported $91.37B of revenue for the twelve months ended Sep 30, 2026. That is up 2.1% from the year before. Revenue for fiscal 2025 was $88.66B.

Yes. United Parcel Service Inc. earned $4.42B in net income for the twelve months ended Sep 30, 2026, a net margin of 4.8%.

How much cash and debt does UPS have?

United Parcel Service Inc. reported $6.84B in cash and cash equivalents and $26.08B of debt on its most recent balance sheet in SEC filings.

How fast is UPS revenue growing?

United Parcel Service Inc.'s revenue changed -2.6% in fiscal 2025, to $88.66B. Its compound annual growth rate was +0.9% over 5 years and +4.3% over 10 years.

What is UPS free cash flow?

United Parcel Service Inc. generated $6.35B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.29B less capital expenditures.

What is UPS earnings per share?

Diluted earnings per share were $5.20 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did UPS last report financial results?

The latest statements here come from United Parcel Service Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.

Financials · UPS

United Parcel Service Inc. (UPS) financials

For the twelve months ended Sep 30, 2026, United Parcel Service Inc. reported $91.37B of revenue and $4.42B of net income.

Revenue, TTM: $91.37B
Revenue growth, YoY: +2.1%
Net income, TTM: $4.42B
Net income growth, YoY: -19.6%
Net margin: 4.8%
Free cash flow, TTM: $6.35B
EPS, diluted, TTM: $5.20
EPS growth, YoY: -19.5%
Cash: $6.84B
Total debt: $26.08B
P/E: 21.36
P/S: 1.03
Market cap: $94.47B

Annual revenue$88.66B

FY2016FY2025

Annual net income$5.57B

FY2016FY2025

Annual free cash flow$4.76B

FY2016FY2025

UPS revenue and earnings growth

UPS revenueQ3 2026$22.85B

Quarter YoY: +6.7%
QoQ: +0.1%
FY YoY: -2.6%
5Y CAGR: +0.9%
10Y CAGR: +4.3%

UPS revenue was $22.85B in fiscal Q3 2026 (ended Sep 30, 2026), up 6.7% from a year earlier and up 0.1% from the prior quarter. For the full fiscal 2025 it was $88.66B, down 2.6% from fiscal 2024. Compound annual growth was +0.9% over 5 years and +4.3% over 10 years. It rose in 8 of the last 10 fiscal years.

UPS net incomeQ3 2026$1.16B

Quarter YoY: -11.3%
QoQ: +92.5%
FY YoY: -3.6%
5Y CAGR: +32.9%
10Y CAGR: +1.4%

UPS net income was $1.16B in fiscal Q3 2026 (ended Sep 30, 2026), down 11.3% from a year earlier and up 92.5% from the prior quarter. For the full fiscal 2025 it was $5.57B, down 3.6% from fiscal 2024. Compound annual growth was +32.9% over 5 years and +1.4% over 10 years. It rose in 2 of the last 10 fiscal years.

UPS EPSQ3 2026$1.37

Quarter YoY: -11.6%
QoQ: +93.0%
FY YoY: -2.8%
5Y CAGR: +33.6%
10Y CAGR: +2.1%

UPS diluted EPS was $1.37 in fiscal Q3 2026 (ended Sep 30, 2026), down 11.6% from a year earlier and up 93.0% from the prior quarter. For the full fiscal 2025 it was $6.56, down 2.8% from fiscal 2024. Compound annual growth was +33.6% over 5 years and +2.1% over 10 years.

UPS free cash flowQ3 2026$2.41B

Quarter YoY: +59.1%
QoQ: 14x
FY YoY: -23.3%
5Y CAGR: -1.1%
10Y CAGR: -0.6%

UPS free cash flow was $2.41B in fiscal Q3 2026 (ended Sep 30, 2026), up 59.1% from a year earlier and up about 14-fold from the prior quarter. For the full fiscal 2025 it was $4.76B, down 23.3% from fiscal 2024. Compound annual growth was -1.1% over 5 years and -0.6% over 10 years. It rose in 3 of the last 7 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$88.66B	$91.07B	$90.96B	$100.34B	$97.29B	$84.63B	$74.09B	$71.86B	$66.58B	$61.61B
Operating income	$7.87B	$8.47B	$9.14B	$13.09B	$12.81B	$7.68B	$7.80B	$7.02B	$7.53B	$7.69B
Interest expense	$1.02B	$866.00M	$787.00M	$704.00M	$694.00M	$701.00M	$653.00M	$605.00M	$453.00M	$381.00M
Pre-tax income	$7.16B	$7.44B	$8.57B	$14.82B	$16.59B	$1.84B	$5.65B	$6.02B	$7.14B	$5.12B
Income tax	$1.59B	$1.66B	$1.86B	$3.28B	$3.71B	$501.00M	$1.21B	$1.23B	$2.23B	$1.70B
Net income	$5.57B	$5.78B	$6.71B	$11.55B	$12.89B	$1.34B	$4.44B	$4.79B	$4.91B	$3.42B
EPS, basic	$6.56	$6.76	$7.81	$13.26	$14.75	$1.55	$5.14	$5.53	$5.63	$3.88
EPS, diluted	$6.56	$6.75	$7.80	$13.20	$14.68	$1.54	$5.11	$5.51	$5.61	$3.86
Diluted shares	850.0M	856.0M	860.0M	875.0M	878.0M	871.0M	869.0M	870.0M	875.0M	887.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$5.89B	$6.11B	$3.21B	$5.60B	$10.26B	$5.91B	$5.24B	$4.37B	$3.77B	$3.92B
Short-term investments	-	$206.00M	$2.87B	$1.99B	$338.00M	$406.00M	$503.00M	$810.00M	$749.00M	$1.09B
Receivables	$11.21B	$10.87B	$11.22B	$12.58B	$12.54B	$10.75B	$9.55B	$8.96B	$8.77B	$7.70B
Inventory	$739.00M	$826.00M	$935.00M	$889.00M	$717.00M	$620.00M	$511.00M	$421.00M	$404.00M	$342.00M
Current assets	$19.05B	$19.31B	$19.41B	$22.22B	$24.93B	$20.22B	$17.10B	$16.21B	$15.72B	$13.85B
Goodwill	$5.84B	$4.30B	$4.87B	$4.22B	$3.69B	$3.37B	$3.81B	$3.81B	$3.87B	$3.76B
Total assets	$73.09B	$70.07B	$70.86B	$71.12B	$69.41B	$62.41B	$57.86B	$50.02B	$45.57B	$40.55B
Current liabilities	$15.62B	$16.44B	$17.68B	$18.14B	$17.57B	$17.02B	$15.41B	$14.09B	$12.89B	$11.73B
Short-term debt	$608.00M	$1.84B	$3.35B	$2.34B	$2.13B	$2.62B	$3.42B	$2.81B	$4.01B	$3.68B
Long-term debt	$23.52B	$19.45B	$18.92B	$17.32B	$19.78B	$22.03B	$21.82B	$19.93B	$20.28B	$12.39B
Total debt	$24.13B	$21.28B	$22.26B	$19.66B	$21.91B	$24.65B	$25.24B	$22.74B	$24.29B	$16.07B
Total liabilities	$56.84B	$53.33B	$53.54B	$51.32B	$55.14B	$61.74B	$54.57B	$46.98B	$44.55B	$39.95B
Shareholders' equity	$16.23B	$16.72B	$17.31B	$19.79B	$14.25B	$657.00M	$3.27B	$3.02B	$994.00M	$405.00M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$8.45B	$10.12B	$10.24B	$14.10B	$15.01B	$10.46B	$8.64B	$12.71B	$1.48B	$6.47B
Capital expenditures	$3.69B	$3.91B	$5.16B	$4.77B	$4.19B	$5.41B	$6.38B	$6.28B	$5.23B	$2.96B
Free cash flow	$4.76B	$6.21B	$5.08B	$9.34B	$10.81B	$5.05B	$2.26B	$6.43B	-$3.75B	$3.51B
Investing cash flow	-$4.74B	-$217.00M	-$7.13B	-$7.47B	-$3.82B	-$5.28B	-$6.06B	-$6.33B	-$4.97B	-$2.56B
Financing cash flow	-$4.14B	-$6.85B	-$5.53B	-$11.19B	-$6.82B	-$4.52B	-$1.73B	-$5.69B	$3.29B	-$3.14B
Dividends paid	$5.40B	$5.40B	$5.37B	$5.11B	$3.44B	$3.37B	$3.19B	$3.01B	$2.77B	$2.64B
Share repurchases	$1.00B	$500.00M	$2.25B	$3.50B	$500.00M	$224.00M	$1.00B	$1.01B	$1.81B	$2.68B
Stock-based compensation	$73.00M	$24.00M	$220.00M	$1.57B	$878.00M	$796.00M	$915.00M	$634.00M	$584.00M	$591.00M
Depreciation and amortization	$3.00B	$3.00B	$2.80B	$3.19B	$2.95B	$2.70B	$2.36B	$2.21B	$2.28B	$2.22B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-2.6%	0.1%	-9.3%	3.1%	15.0%	14.2%	3.1%	7.9%	8.1%	5.6%
Net income growth, YoY	-3.6%	-13.8%	-41.9%	-10.4%	859.8%	-69.8%	-7.3%	-2.3%	43.3%	-29.4%
EPS growth, YoY	-2.8%	-13.5%	-40.9%	-10.1%	853.2%	-69.9%	-7.3%	-1.8%	45.3%	-27.9%
Operating margin	8.9%	9.3%	10.0%	13.0%	13.2%	9.1%	10.5%	9.8%	11.3%	12.5%
Net margin	6.3%	6.3%	7.4%	11.5%	13.2%	1.6%	6.0%	6.7%	7.4%	5.6%
Free cash flow margin	5.4%	6.8%	5.6%	9.3%	11.1%	6.0%	3.0%	8.9%	-5.6%	5.7%
Return on equity	34.3%	34.6%	38.8%	58.4%	90.4%	204.4%	135.9%	158.6%	493.5%	844.9%
Return on assets	7.6%	8.3%	9.5%	16.2%	18.6%	2.2%	7.7%	9.6%	10.8%	8.4%
Current ratio	1.22	1.17	1.10	1.22	1.42	1.19	1.11	1.15	1.22	1.18
Debt to equity	1.49	1.27	1.29	0.99	1.54	37.53	7.73	7.53	24.44	39.69

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$22.85B	$22.83B	$21.20B	$24.48B	$21.41B	$21.22B	$21.55B	$25.30B	$22.25B	$21.82B	$21.71B	$24.92B
Operating income	$1.74B	$930.00M	$1.27B	$2.58B	$1.80B	$1.82B	$1.67B	$2.93B	$1.99B	$1.94B	$1.61B	$2.48B
Interest expense	$289.00M	$272.00M	$266.00M	$266.00M	$291.00M	$238.00M	$222.00M	$229.00M	$230.00M	$212.00M	$195.00M	$209.00M
Pre-tax income	$1.57B	$761.00M	$1.12B	$2.37B	$1.61B	$1.66B	$1.52B	$2.13B	$1.91B	$1.87B	$1.54B	$2.06B
Income tax	$408.00M	$157.00M	$260.00M	$581.00M	$296.00M	$379.00M	$336.00M	$406.00M	$371.00M	$460.00M	$423.00M	$458.00M
Net income	$1.16B	$604.00M	$864.00M	$1.79B	$1.31B	$1.28B	$1.19B	$1.72B	$1.54B	$1.41B	$1.11B	$1.60B
EPS, basic	$1.37	$0.71	$1.02	$2.10	$1.55	$1.51	$1.40	$2.01	$1.80	$1.65	$1.30	$1.88
EPS, diluted	$1.37	$0.71	$1.02	$2.10	$1.55	$1.51	$1.40	$2.00	$1.80	$1.65	$1.30	$1.88
Diluted shares	852.0M	851.0M	850.0M	-	848.0M	847.0M	850.0M	-	855.0M	857.0M	857.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$6.84B	$4.65B	$5.80B	$5.89B	$6.76B	$6.19B	$4.80B	$6.11B	$5.86B	$6.32B	$4.37B	$3.21B
Short-term investments	-	-	-	-	$68.00M	$92.00M	$263.00M	$206.00M	$205.00M	$213.00M	$232.00M	$2.87B
Receivables	$10.39B	$10.71B	$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
Current assets	$19.31B	$17.55B	$17.79B	$19.05B	$18.98B	$18.85B	$17.09B	$19.31B	$17.26B	$18.82B	$16.18B	$19.41B
Goodwill	$5.59B	$5.77B	$5.80B	$5.84B	$4.81B	$4.81B	$4.69B	$4.30B	$4.41B	$4.35B	$4.85B	$4.87B
Total assets	$72.72B	$71.27B	$71.81B	$73.09B	$71.39B	$70.92B	$68.47B	$70.07B	$68.26B	$69.42B	$67.63B	$70.86B
Current liabilities	$15.58B	$14.88B	$14.67B	$15.62B	$14.55B	$14.24B	$15.66B	$16.44B	$15.08B	$15.09B	$14.70B	$17.68B
Short-term debt	$957.00M	$634.00M	$637.00M	$608.00M	$932.00M	$920.00M	$1.86B	$1.84B	$1.61B	$2.01B	$1.16B	$3.35B
Long-term debt	$25.12B	$23.85B	$23.75B	$23.52B	$23.85B	$23.82B	$19.51B	$19.45B	$20.32B	$20.20B	$18.85B	$18.92B
Total debt	$26.08B	$24.48B	$24.39B	$24.13B	$24.78B	$24.74B	$21.37B	$21.28B	$21.93B	$22.20B	$20.01B	$22.26B
Total liabilities	$57.69B	$56.17B	$56.02B	$56.84B	$55.54B	$55.15B	$52.78B	$53.33B	$51.38B	$52.37B	$50.70B	$53.54B
Shareholders' equity	$14.99B	$15.07B	$15.76B	$16.23B	$15.82B	$15.75B	$15.66B	$16.72B	$16.86B	$17.03B	$16.91B	$17.31B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$2.90B	$859.00M	$2.22B	$3.30B	$2.48B	$348.00M	$2.32B	$3.31B	$1.50B	$1.99B	$3.32B	$2.41B
Capital expenditures	$497.00M	$693.00M	$1.03B	$716.00M	$970.00M	$1.12B	$876.00M	$1.10B	$843.00M	$933.00M	$1.03B	$2.05B
Free cash flow	$2.41B	$166.00M	$1.19B	$2.59B	$1.51B	-$775.00M	$1.44B	$2.22B	$655.00M	$1.06B	$2.28B	$362.00M
Investing cash flow	-$267.00M	-$566.00M	-$944.00M	-$2.00B	-$456.00M	-$923.00M	-$1.35B	-$1.06B	$187.00M	-$913.00M	$1.57B	-$3.20B
Financing cash flow	-$449.00M	-$1.43B	-$1.33B	-$2.19B	-$1.43B	$1.79B	-$2.31B	-$1.85B	-$2.24B	$899.00M	-$3.67B	-$349.00M
Dividends paid	$1.36B	$1.36B	$1.35B	$1.35B	$1.35B	$1.35B	$1.35B	$1.35B	$1.35B	$1.35B	$1.35B	$1.34B
Share repurchases	$0	$0	$0	$0	$0	$1.00B	$1.00B	$0	$500.00M	$0	$0	$0
Stock-based compensation	$37.00M	$34.00M	$24.00M	$32.00M	$25.00M	-$5.00M	$21.00M	$45.00M	-$24.00M	$30.00M	-$27.00M	$34.00M
Depreciation and amortization	$965.00M	$980.00M	$791.00M	$700.00M	$926.00M	$936.00M	$743.00M	$310.00M	$905.00M	$887.00M	$898.00M	$301.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	6.7%	7.6%	-1.6%	-3.2%	-3.7%	-2.7%	-0.7%	1.5%	5.6%	-1.1%	-5.3%	-7.8%
Net income growth, YoY	-11.3%	-52.9%	-27.2%	4.1%	-14.8%	-8.9%	6.6%	7.2%	36.6%	-32.3%	-41.3%	-53.5%
EPS growth, YoY	-11.6%	-53.0%	-27.1%	5.0%	-13.9%	-8.5%	7.7%	6.4%	37.4%	-31.8%	-40.6%	-52.5%
Operating margin	7.6%	4.1%	6.0%	10.5%	8.4%	8.6%	7.7%	11.6%	8.9%	8.9%	7.4%	9.9%
Net margin	5.1%	2.6%	4.1%	7.3%	6.1%	6.0%	5.5%	6.8%	6.9%	6.5%	5.1%	6.4%
Free cash flow margin	10.5%	0.7%	5.6%	10.6%	7.1%	-3.7%	6.7%	8.8%	2.9%	4.9%	10.5%	1.5%
Current ratio	1.24	1.18	1.21	1.22	1.30	1.32	1.09	1.17	1.14	1.25	1.10	1.10
Debt to equity	1.74	1.63	1.55	1.49	1.57	1.57	1.36	1.27	1.30	1.30	1.18	1.29

Source: XBRL data United Parcel Service Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

UPS peers

Company	Revenue	Growth	Net income	Net margin	Market cap
UPS	$91.37B	+2.1%	$4.42B	4.8%	$94.47B
ODFLOld Dominion Freight Line Inc.	$5.79B	+3.8%	$1.16B	20.1%	$35.37B
JBHTJ.B. Hunt Transport Services Inc.	$13.33B	+10.6%	$676.07M	5.1%	$20.41B
ZTOZTO Express (Cayman) Inc.	CN¥49.10B	+10.9%	CN¥9.08B	18.5%	$15.99B
KNXKnight-Swift Transportation Holdings Inc.	$8.00B	+7.0%	$153.34M	1.9%	$9.68B
SAIASaia Inc.	$3.54B	+9.3%	$283.09M	8.0%	$8.94B
TFIITFI International Inc.	$7.88B	-6.1%	$310.55M	3.9%	$7.94B
SNDRSchneider National Inc.	$5.95B	+6.0%	$141.70M	2.4%	$4.95B
LSTRLandstar System Inc.	$5.29B	+10.7%	$160.38M	3.0%	$4.91B

UPS FAQ

8 questions

What is UPS revenue?
United Parcel Service Inc. (UPS) reported $91.37B of revenue for the twelve months ended Sep 30, 2026. That is up 2.1% from the year before. Revenue for fiscal 2025 was $88.66B.
Is UPS profitable?
Yes. United Parcel Service Inc. earned $4.42B in net income for the twelve months ended Sep 30, 2026, a net margin of 4.8%.
How much cash and debt does UPS have?
United Parcel Service Inc. reported $6.84B in cash and cash equivalents and $26.08B of debt on its most recent balance sheet in SEC filings.
How fast is UPS revenue growing?
United Parcel Service Inc.'s revenue changed -2.6% in fiscal 2025, to $88.66B. Its compound annual growth rate was +0.9% over 5 years and +4.3% over 10 years.
What is UPS free cash flow?
United Parcel Service Inc. generated $6.35B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.29B less capital expenditures.
What is UPS earnings per share?
Diluted earnings per share were $5.20 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did UPS last report financial results?
The latest statements here come from United Parcel Service Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
Where does this UPS financial data come from?
Quantisnow builds these statements from the structured XBRL data United Parcel Service Inc. files with the SEC. It is provided for information only and is not investment advice.