United Parcel Service Inc (UPS) Financial Statements
Industry: Trucking & Courier Services (No Air)
In fiscal 2025, United Parcel Service reported revenue of $88.66B, down 2.6% from $91.07B the year before. Net income was $5.57B (a 6.3% net margin), or $6.56 per diluted share. Gross margin was 8.9% and operating margin was 8.9%. Operating activities generated $8.45B of cash, leaving $4.76B of free cash flow. At fiscal year end, United Parcel Service held $73.09B in total assets against $56.86B in total liabilities, including $5.89B of cash and equivalents.
Open the full interactive United Parcel Service financials → Quarterly statements, key ratios, valuation history and price charts.
United Parcel Service Key Stats
| Share Price | $94.79 |
|---|---|
| Market Cap | $80.67B |
| P/E Ratio | 14.4 |
| Dividend Yield | 6.71% |
| Revenue YoY Growth | -2.6% |
| 52-Week Range | $78.05 – $115.87 |
| Shares Outstanding | 851.0 million (basic, 2026 Q2) |
United Parcel Service Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $84.63B | $97.29B | $100.34B | $90.96B | $91.07B | $88.66B |
| Cost of Goods Sold | $76.94B | $84.48B | $87.24B | $81.82B | $82.60B | $80.79B |
| Gross Profit | $7.68B | $12.81B | $13.09B | $9.14B | $8.47B | $7.87B |
| Operating Income | $7.68B | $12.81B | $13.09B | $9.14B | $8.47B | $7.87B |
| Pre-Tax Income | $1.84B | $16.59B | $14.82B | $8.57B | $7.44B | $7.16B |
| Income Tax | $501.0M | $3.71B | $3.28B | $1.86B | $1.66B | $1.59B |
| Net Income | $1.34B | $12.89B | $11.55B | $6.71B | $5.78B | $5.57B |
| Diluted EPS | $1.54 | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
United Parcel Service Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $21.41B | $24.48B | $21.20B | $22.83B |
| Net Income | $1.31B | $1.79B | $864.0M | $604.0M |
| Diluted EPS | $1.55 | $2.11 | $1.02 | $0.71 |
United Parcel Service Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.91B | $10.26B | $5.60B | $3.21B | $6.11B | $5.89B |
| Current Assets | $20.22B | $24.93B | $22.22B | $19.41B | $19.31B | $19.05B |
| Total Assets | $62.41B | $69.41B | $71.12B | $70.86B | $70.07B | $73.09B |
| Current Liabilities | $17.02B | $17.57B | $18.14B | $17.68B | $16.44B | $15.62B |
| Total Long-Term Debt | $24.65B | $21.91B | $19.66B | $18.92B | $19.45B | $23.52B |
| Total Liabilities | $61.75B | $55.15B | $51.34B | $53.55B | $53.35B | $56.86B |
| Shareholders' Equity | $657.0M | $14.25B | $19.79B | $17.31B | $16.72B | $16.23B |
United Parcel Service Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $10.46B | $15.01B | $14.10B | $10.24B | $10.12B | $8.45B |
| Cash From Investing | -$5.28B | -$3.82B | -$7.47B | -$7.13B | -$217.0M | -$4.74B |
| Cash From Financing | -$4.52B | -$6.82B | -$11.19B | -$5.53B | -$6.85B | -$4.14B |
| Free Cash Flow | $5.05B | $10.81B | $9.34B | $5.08B | $6.21B | $4.76B |
| Dividends Paid | $3.37B | $3.44B | $5.11B | $5.37B | $5.40B | $5.40B |
Figures from United Parcel Service's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full United Parcel Service financials page for every line item.
United Parcel Service Company Profile
| Ticker | UPS |
|---|---|
| Exchange | NYSE |
| Industry | Trucking & Courier Services (No Air) |
| Headquarters | Atlanta, Georgia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001090727 |
Frequently Asked Questions
What was United Parcel Service's revenue in fiscal 2025?
United Parcel Service (UPS) reported revenue of $88.66B for fiscal 2025.
What is United Parcel Service's annual revenue history?
United Parcel Service's annual revenue by fiscal year: 2020: $84.63B; 2021: $97.29B; 2022: $100.34B; 2023: $90.96B; 2024: $91.07B; 2025: $88.66B.
What was United Parcel Service's net income in fiscal 2025?
United Parcel Service reported net income of $5.57B for fiscal 2025.
What was United Parcel Service's earnings per share (EPS) in fiscal 2025?
United Parcel Service's diluted EPS was $6.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did United Parcel Service generate in fiscal 2025?
United Parcel Service generated $4.76B of free cash flow in fiscal 2025.
What was United Parcel Service's revenue last quarter?
In its most recent reported quarter (2026 Q2), United Parcel Service reported revenue of $22.83B.
How much debt does United Parcel Service have?
United Parcel Service reported $23.52B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of United Parcel Service are outstanding?
United Parcel Service reported a weighted average of 851.0 million basic shares outstanding in 2026 Q2.
What is United Parcel Service's market cap?
Based on its latest closing price, United Parcel Service (UPS) has a market capitalization of about $80.67B.
When does United Parcel Service's fiscal year end?
United Parcel Service's fiscal year end, as registered with the SEC, is December 31.
Where is United Parcel Service headquartered?
United Parcel Service lists its business address in Atlanta, Georgia in its SEC filings.