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.
- Revenue
- +6.71%
- EPS
- −11.8%
- Free cash flow
- +33.7%
- Total debt
- +5.23%
Quarter to September 2026, against a year earlier
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United Parcel Service, Inc. (UPS) Operating margin
United Parcel Service, Inc.'s operating margin over the twelve months to 30 September 2026 was 7.13%, down 1.7 percentage points from fiscal 2025 (8.87%). Over the past ten years it has ranged from 8.87% (fiscal 2025) to 13.2% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Integrated Freight & Logistics industry median of 0.92% and above the Industrials sector median of 5.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 8.87% | (0.43) |
| FY2024 | 9.30% | (0.75) |
| FY2023 | 10.1% | (3.00) |
| FY2022 | 13.1% | (0.12) |
| FY2021 | 13.2% | 4.09 |
| FY2020 | 9.08% | (1.44) |
| FY2019 | 10.5% | 0.75 |
| FY2018 | 9.77% | (1.54) |
| FY2017 | 11.3% | (1.17) |
| FY2016 | 12.5% | (0.66) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 7.63% | 3.56 |
| Jun 2026 | 4.07% | (1.91) |
| Mar 2026 | 5.98% | (4.54) |
| Dec 2025 | 10.5% | 2.10 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| ZTO ZTO Express (Cayman) Inc. compare | 21.0% |
| EXPD Expeditors International of Washington, Inc. compare | 10.1% |
| JBHT J.B. Hunt Transport Services, Inc. compare | 7.20% |
| UPS United Parcel Service, Inc. | 7.13% |
| FDX FedEx Corporation compare | 5.61% |
| CHRW C.H. Robinson Worldwide, Inc. compare | 4.86% |
| LSTR Landstar System, Inc. compare | 4.05% |
| GXO GXO Logistics, Inc. compare | 2.21% |
| FDXF FedEx Freight Holding Company Inc. compare | — |
| Integrated Freight & Logistics industry median | 0.92% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- EPS (diluted)
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- Net margin
- Free cash flow margin
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
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