United Parcel Service revenue and financials
$93.11Change from previous close: −0.03%Absolute change: −$0.03
In the fiscal year ended December 2025, United Parcel Service reported revenue of $88.66B (−2.65% year over year). Net income was $5.57B, a net margin of 6.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −2.65%
- 2025 vs 2024
- Net income growth
- −3.63%
- 2025 vs 2024
- Net margin
- 6.3%
- 2024: 6.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 859 | 2,224 | 3,302 | 2,482 | 348 | 2,318 | 3,315 | 1,498 | 1,993 | 3,316 | 2,411 | 2,233 |
| Depreciation and amortization | 980 | 985 | 959 | 918 | 936 | 912 | 919 | 905 | 887 | 898 | 867 | 837 |
| Capital expenditure | -693 | -1,031 | -716 | -970 | -1,123 | -876 | -1,098 | -843 | -933 | -1,035 | -2,049 | -1,289 |
| Investing cash flow | -566 | -944 | -2,001 | -456 | -923 | -1,355 | -1,057 | 187 | -913 | 1,566 | -3,204 | -1,070 |
| Financing cash flow | -1,429 | -1,328 | -2,194 | -1,428 | 1,794 | -2,313 | -1,847 | -2,236 | 899 | -3,666 | -349 | -1,603 |
| Dividends paid | -1,356 | -1,352 | -1,353 | -1,348 | -1,349 | -1,348 | -1,350 | -1,348 | -1,353 | -1,348 | -1,338 | -1,341 |
| Share repurchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1,000 | — | -500 | — | — | — | -752 |
| Debt issued | 0.0 | 0.0 | 0.0 | 0.0 | 4,128 | 25.0 | — | — | 2,785 | — | 1,740 | 458 |
| Debt repaid | -39.0 | -46.0 | -924 | -83.0 | -1,030 | -32.0 | -543 | -436 | -582 | -2,198 | -804 | -29.0 |
| Effect of exchange rates | -13.0 | -37.0 | 16.0 | -28.0 | 173 | 40.0 | -154 | 77.0 | -24.0 | -48.0 | 37.0 | -61.0 |
| Net change in cash | -1,149 | -85.0 | -877 | 570 | 1,392 | -1,310 | 257 | -464 | 1,945 | 1,168 | -1,105 | -501 |
| Free cash flow | 166 | 1,193 | 2,586 | 1,512 | -775 | 1,442 | 2,217 | 655 | 1,060 | 2,281 | 362 | 944 |
| Levered free cash flow | 766 | 863 | 2,155 | 1,846 | -182 | 1,424 | 114 | 2,645 | 109 | 1,744 | -600 | 387 |