United Parcel Service income statement
In fiscal 2025, United Parcel Service reported revenue of $88.66bn, down 2.6% on the year before, operating income of $7.87bn (a 8.9% margin) and net income of $5.57bn, or $6.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.3 | 49.5 | 53.1 | 54.1 | 55.4 | 58.2 | 58.4 | 60.9 | 65.9 | 71.9 | 74.1 | 84.6 | 97.3 | 100.3 | 91.0 | 91.1 | 88.7 | 89.9 |
| Operating income | 3.5 | 5.6 | 6.1 | 1.3 | 7.0 | 5.0 | 7.7 | 7.7 | 7.5 | 7.0 | 7.8 | 7.7 | 12.8 | 13.1 | 9.1 | 8.5 | 7.9 | 6.6 |
| Interest expense | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | 1.0 | 1.1 |
| Income before tax | 3.1 | 5.3 | 5.8 | 1.0 | 6.7 | 4.6 | 7.3 | 5.1 | 7.1 | 6.0 | 5.7 | 1.8 | 16.6 | 14.8 | 8.6 | 7.4 | 7.2 | 5.9 |
| Income tax | 1.1 | 2.0 | 2.0 | 0.2 | 2.3 | 1.6 | 2.5 | 1.7 | 2.2 | 1.2 | 1.2 | 0.5 | 3.7 | 3.3 | 1.9 | 1.7 | 1.6 | 1.3 |
| Net income | 2.0 | 3.3 | 3.8 | 0.8 | 4.4 | 3.0 | 4.8 | 3.4 | 4.9 | 4.8 | 4.4 | 1.3 | 12.9 | 11.5 | 6.7 | 5.8 | 5.6 | 4.6 |
| Diluted EPS | $1.96 | $3.33 | $3.84 | $0.83 | $4.61 | $3.28 | $5.35 | $3.86 | $5.61 | $5.51 | $5.11 | $1.54 | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 | $5.37 |
| Diluted shares (average) | 1,004m | 1,003m | 991m | 969m | 948m | 924m | 906m | 887m | 875m | 870m | 869m | 871m | 878m | 875m | 860m | 856m | 850m | 851m |
| EBITDA | 5.3 | 7.4 | 7.9 | 3.2 | 8.9 | 6.9 | 9.8 | 9.9 | 9.8 | 9.2 | 10.2 | 10.4 | 15.8 | 16.3 | 11.9 | 11.5 | 10.9 | 9.5 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.2 | 25.3 | 21.5 | 21.2 | 21.4 | 24.5 | 21.2 | 22.8 |
| Operating income | 2.0 | 2.9 | 1.7 | 1.8 | 1.8 | 2.6 | 1.3 | 0.9 |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 |
| Income before tax | 1.9 | 2.1 | 1.5 | 1.7 | 1.6 | 2.4 | 1.1 | 0.8 |
| Income tax | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 | 0.6 | 0.3 | 0.2 |
| Net income | 1.5 | 1.7 | 1.2 | 1.3 | 1.3 | 1.8 | 0.9 | 0.6 |
| Diluted EPS | $1.80 | $2.01 | $1.40 | $1.51 | $1.55 | $2.10 | $1.02 | $0.71 |
| EBITDA | 2.9 | 3.2 | 2.4 | 2.8 | 2.7 | 2.8 | 2.1 | 1.9 |
Compare with peers
- FedEx income statement
- C.H. Robinson income statement
- GXO Logistics, Inc. income statement
- Expeditors International income statement
- ZTO Express (cayman) Inc. income statement
Head to head: FDX vs UPSCHRW vs UPSGXO vs UPS
More: Air Freight & Logistics stocks compared, Industrials sector, rankings of US companies