Saturday 31 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.

108.63 1.30 +1.21%

Follow UPS

Alert me

Market cap: $91.3B
P/E: 20.2×
Fwd P/E: 16.7×
Dividend yield: 6.04%
F-score: 6/9
Altman Z: 2.90
Beneish M: −2.61
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Filings

United Parcel Service, Inc. (UPS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
United States	67,432	76.06%
International	21,229	23.94%
Gross margin		79.69%
Operating margin		8.87%
Pre-tax margin		8.08%

Revenue by segment $m

Line	FY2021	FY2020	FY2019	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
U.S. Domestic Package	60,317 62.00%	53,499 63.22%	46,493 62.75%	40,761 61.22%	38,284 62.14%	36,747 62.96%	35,851 61.57%	34,074 61.46%	32,856 60.70%	31,717 59.73%	29,742 60.03%	28,158 62.16%	31,278 60.75%
International Package	19,541 20.09%	15,945 18.84%	14,220 19.19%	13,342 20.04%	12,346 20.04%	12,149 20.82%	12,988 22.30%	12,429 22.42%	12,124 22.40%	12,249 23.07%	11,133 22.47%	9,699 21.41%	11,293 21.93%
Supply Chain Solutions ("SCS")	17,429 17.92%	15,184 17.94%	13,381 18.06%	12,482 18.75%	10,980 17.82%	9,467 16.22%	9,393 16.13%	8,935 16.12%	9,147 16.90%	9,139 17.21%	8,670 17.50%	7,440 16.42%	8,915 17.32%
Supply Chain & Freight	—	—	—	12,482 18.75%	10,980 17.82%	9,467 16.22%	9,393 16.13%	—	—	—	—	—	—
Eliminations	—	—	—	(12,482) (18.75%)	(10,980) (17.82%)	(9,467) (16.22%)	(9,393) (16.13%)	—	—	—	—	—	—
Revenue	97,287	84,628	74,094	66,585	61,610	58,363	58,232	55,438	54,127	53,105	49,545	45,297	51,486

Operating income by segment $m, and margin

	FY2021	FY2020	FY2019	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
U.S. Domestic Package	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Package	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Supply Chain Solutions ("SCS")	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Supply Chain & Freight	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	67,432 76.06%	70,389 77.29%	71,749 78.88%	78,110 77.85%	74,376 76.45%	66,580 78.67%	58,699 79.22%	56,115 78.09%	52,080 78.22%	48,434 78.61%	45,309 77.63%	43,840 75.29%	41,772 75.35%	40,428 74.69%	39,347 74.09%
International	21,229 23.94%	20,681 22.71%	19,209 21.12%	22,228 22.15%	22,911 23.55%	18,048 21.33%	15,395 20.78%	15,746 21.91%	14,505 21.78%	13,176 21.39%	13,054 22.37%	14,392 24.71%	13,666 24.65%	13,699 25.31%	13,758 25.91%
Revenue	88,661	91,070	90,958	100,338	97,287	84,628	74,094	71,861	66,585	61,610	58,363	58,232	55,438	54,127	53,105

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average Daily U.S. Domestic Package Volume	Q3 FY2026	15.6M	16.2M	−3.28%
Operating Days	Q3 FY2026	65.00	64.00	+1.56%
Revenue per piece	Q3 FY2026	15.0%	—	—
Revenue per piece	Q3 FY2026	6.10%	—	—
U.S. Domestic Package Cost Per Piece (GAAP)	Q4 FY2025	$12.14	—	—
U.S. Domestic Package Non-GAAP Adjusted Cost Per Piece	Q4 FY2025	$11.92	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q3 FY2023
Average Daily U.S. Domestic Package Volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating Days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue per piece	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue per piece	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Domestic Package Cost Per Piece (GAAP)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Domestic Package Non-GAAP Adjusted Cost Per Piece	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.