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Saturday 17 October 2026 Export UPS’s income statement to Excel — free account

United Parcel Service, Inc.

UPS Industrials Integrated Freight & Logistics

United Parcel Service, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $88.7 billion, down 2.65% from fiscal 2024. In the quarter to June 2026, revenue grew 7.60%, EPS fell 53.0%, free cash flow grew 137.7% and total debt fell 1.03%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

97.48 0.35 −0.36%
Market cap
$83.2B
P/E
18.1×
Fwd P/E
15.3×
Dividend yield
6.73%
F-score
6/9
Altman Z
2.90
Beneish M
−2.61
Dividend safety
36/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

United Parcel Service, Inc. (UPS) Gross margin

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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 27.0% and above the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

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 newest first

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 86

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 27.0%
Industrials sector median 30.5%
Market median 46.2%

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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