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

108.53 2.51 −2.26%
Market cap
$94.5B
P/E
21.3×
Fwd P/E
18.5×
Dividend yield
5.90%
F-score
6/9
Altman Z
2.90
Beneish M
−2.61
Dividend safety
36/100

United Parcel Service, Inc. (UPS) Operating margin

Alert me on 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

Against its own ten years

Low 8.87% High 13.2%
Ten-year median 10.5%
Current reading's percentile 2

Operating margin against peers

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

The full definition of Operating margin →

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