United Parcel Service (UPS) financials
United Parcel Service revenue and earnings by year
United Parcel Service's revenue was $88.7 billion in the fiscal year to December 31, 2025, down 2.6% from the year before. Net income was $5.57 billion, 6.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 88.7 | 91.1 | 91.0 | 100.3 | 97.3 | 84.6 | 74.1 | 71.9 | 66.6 | 61.6 |
| Revenue growth | -2.6% | 0.1% | -9.3% | 3.1% | 15.0% | 14.2% | 3.1% | 7.9% | 8.1% | — |
| Gross profit | 30.4 | 33.6 | 34.2 | 41.9 | 42.3 | 33.6 | 28.7 | 28.1 | 26.6 | 24.4 |
| Gross margin | 34.2% | 36.8% | 37.6% | 41.7% | 43.5% | 39.7% | 38.7% | 39.1% | 39.9% | 39.6% |
| Operating income | 7.9 | 8.5 | 9.1 | 13.1 | 12.8 | 7.7 | 7.8 | 7.0 | 7.5 | 7.7 |
| Operating margin | 8.9% | 9.3% | 10.0% | 13.0% | 13.2% | 9.1% | 10.5% | 9.8% | 11.3% | 12.5% |
| Net income | 5.6 | 5.8 | 6.7 | 11.5 | 12.9 | 1.3 | 4.4 | 4.8 | 4.9 | 3.4 |
| Net margin | 6.3% | 6.3% | 7.4% | 11.5% | 13.2% | 1.6% | 6.0% | 6.7% | 7.4% | 5.6% |
| Diluted EPS | $6.56 | $6.75 | $7.80 | $13.20 | $14.68 | $1.54 | $5.11 | $5.51 | $5.61 | $3.87 |
| Free cash flow | 4.8 | 6.2 | 5.1 | 9.3 | 10.8 | 5.0 | 2.3 | 6.5 | -3.7 | 3.6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open UPS in Markets.
How United Parcel Service makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| U S Domestic Package | $14.9B | 65.4% |
| International | $5.04B | 22.1% |
| Supply Chain Solutions | $2.86B | 12.5% |
See also: UPS valuation and P/E history · UPS returns
No forecast, no recommendation. This page describes United Parcel Service from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.