United Parcel Service financials
$93.93−0.34%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.66B | $91.07B | $90.96B | $100.34B | $97.29B | $84.63B | $74.09B | $71.86B | $66.58B | $61.61B |
| Gross profit | $78.07B | $77.48B | $77.32B | $100.34B | $97.29B | $69.00B | $61.50B | $56.72B | $53.29B | $50.22B |
| Gross margin | 88.1% | 85.1% | 85.0% | 100.0% | 100.0% | 81.5% | 83.0% | 78.9% | 80.0% | 81.5% |
| Operating income | $7.87B | $8.47B | $9.14B | $13.09B | $12.81B | $7.68B | $7.80B | $7.02B | $7.53B | $7.69B |
| Net income | $5.57B | $5.78B | $6.71B | $11.55B | $12.89B | $1.34B | $4.44B | $4.79B | $4.91B | $3.42B |
| Net margin | 6.3% | 6.3% | 7.4% | 11.5% | 13.2% | 1.6% | 6.0% | 6.7% | 7.4% | 5.6% |
| Diluted EPS | $6.56 | $6.75 | $7.80 | $13.20 | $14.68 | $1.54 | $5.11 | $5.51 | $5.61 | $3.86 |
| EBITDA | $11.61B | $12.08B | $12.51B | $16.28B | $15.76B | $10.38B | $10.16B | $9.23B | $9.81B | $9.91B |
| Operating cash flow | $8.45B | $10.12B | $10.24B | $14.10B | $15.01B | $10.46B | $8.64B | $12.71B | $1.48B | $6.47B |
| Free cash flow | $4.76B | $6.21B | $5.08B | $9.34B | $10.81B | $5.05B | $2.26B | $6.43B | -$3.75B | $3.51B |
| Diluted shares | 850.0M | 856.0M | 860.0M | 875.0M | 878.0M | 871.0M | 869.0M | 870.0M | 875.0M | 887.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.89B | $6.11B | $3.21B | $5.60B | $10.26B | $5.91B |
| Short-term investments | $0.00 | $0.00 | $2.87B | $1.99B | $338.0M | $406.0M |
| Total debt | $24.13B | $21.28B | $22.26B | $19.66B | $21.91B | $24.65B |
| Total assets | $73.09B | $70.07B | $70.86B | $71.12B | $69.41B | $62.41B |
| Total liabilities | $56.84B | $53.33B | $53.54B | $51.32B | $55.14B | $61.74B |
| Shareholders' equity | $16.25B | $16.74B | $17.31B | $19.80B | $14.27B | $669.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology