United Parcel Service, Inc. UPS

93.96 1.91 2.07% as of 25 Sep
Market cap
$78.7B
P/E
17.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

United Parcel Service, Inc. (UPS) Gross margin

United Parcel Service, Inc.'s gross margin over the twelve months to 30 June 2026 was 78.4%, down 1.3 percentage points from fiscal 2025 (79.7%). Over the past ten years it has ranged from 73.5% (fiscal 2022) to 79.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Integrated Freight & Logistics industry median of 26.3% and above the Industrials sector median of 30.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 79.7% 2.63
FY2024 77.1% 0.41
FY2023 76.7% 3.13
FY2022 73.5% (0.07)
FY2021 73.6% (2.09)
FY2020 75.7% (0.41)
FY2019 76.1% 1.93
FY2018 74.2% (1.83)
FY2017 76.0% (2.08)
FY2016 78.1% (1.50)

Quarterly

Period Gross margin Change (points)
Jun 2026 75.2% (2.96)
Mar 2026 78.1% (2.19)
Dec 2025 80.3% 0.56
Sep 2025 79.8% 0.18
42 more quarters

Against its own ten years

Low 73.5% High 79.7%
Ten-year median 76.1%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
UPS United Parcel Service, Inc. 78.4%
FDX FedEx Corporation compare 70.8%
PBI Pitney Bowes Inc. compare 54.1%
JBHT J.B. Hunt Transport Services, Inc. compare 44.2%
EXPD Expeditors International of Washington, Inc. compare 32.7%
ZTO ZTO Express (Cayman) Inc. compare 25.1%
LSTR Landstar System, Inc. compare 22.3%
CHRW C.H. Robinson Worldwide, Inc. compare 16.3%
GXO GXO Logistics, Inc. compare 15.3%
Integrated Freight & Logistics industry median 26.3%
Industrials sector median 30.5%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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