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UNITED PARCEL SERVICE INC

CIK: 1090727 SIC: 4210
$88.66B
Revenue
$9.23B
Net Income
-
Gross Margin
8.87%
Op. Margin
$6.87B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 17 annual reports available (2009 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $88.66B $88.66B $91.07B $90.96B $100.34B $97.29B $84.63B $74.09B $71.86B $65.87B $60.91B
Revenue Growth % 0.0% -2.6% 0.1% -9.3% 3.1% 15.0% 14.2% 3.1% 9.1% 8.2% nan%
Cost of Revenue - - - - - - $18.00B $14.43B $15.14B $26.59B $22.78B
+ Gross Profit - - - - - - $66.63B $59.67B $56.72B $39.28B $38.13B
Gross Margin % nan% nan% nan% nan% nan% nan% 78.7% 80.5% 78.9% 59.6% 62.6%
Operating Expenses $80.79B $80.79B $82.60B $81.82B $87.24B $84.48B $76.94B $66.30B $64.84B $58.34B $55.44B
+ Operating Income $7.87B $7.87B $8.47B $9.14B $13.09B $12.81B $7.68B $7.80B $7.02B $7.53B $5.47B
Operating Margin % 8.9% 8.9% 9.3% 10.0% 13.0% 13.2% 9.1% 10.5% 9.8% 11.4% 9.0%
Interest Expense $990.00M $990.00M $854.00M $785.00M $704.00M $694.00M $701.00M $653.00M $605.00M $453.00M $381.00M
Other Income/Expense $-703.00M $-703.00M $-1.03B $-568.00M $1.73B $3.79B $-5.84B $-2.15B $-1.00B $-381.00M $-331.00M
Income Before Tax $7.16B $7.16B $7.44B $8.57B $14.82B $16.59B $1.84B $5.65B $6.02B $7.15B $5.14B
Income Tax Expense $1.59B $1.59B $1.66B $1.86B $3.28B $3.71B $501.00M $1.21B $1.23B $2.24B $1.71B
+ Net Income $9.23B $5.57B $5.78B $6.71B $11.55B $12.89B $1.34B $4.44B $4.79B $4.91B $3.43B
Net Margin % 10.4% 6.3% 6.3% 7.4% 11.5% 13.2% 1.6% 6.0% 6.7% 7.5% 5.6%
Basic EPS 6.56 6.56 6.76 7.81 13.26 14.75 1.55 5.14 5.53 5.64 3.89
Diluted EPS 6.56 6.56 6.75 7.80 13.20 14.68 1.54 5.11 5.51 5.61 3.87
Basic Shares Outstanding - 849.0M 855.0M 859.0M - - - - - - -
Diluted Shares Outstanding - 850.0M 856.0M 860.0M - - - - - - -
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $5.89B $6.11B $3.21B $5.60B $10.26B $5.91B $5.24B $4.22B $3.32B $3.48B
Short-term Investments - $206.00M $2.87B $1.99B $338.00M $406.00M $503.00M $810.00M $749.00M $1.09B
Accounts Receivable $11.21B $10.87B $11.22B $12.58B $12.54B $10.75B $9.55B $8.96B $8.77B $7.70B
Inventory $739.00M $826.00M - - - - - - - -
Other Current Assets $1.95B $2.12B $2.12B $2.04B $1.80B $1.95B $1.43B $1.28B $1.13B $1.59B
Total Current Assets $19.05B $19.31B $19.41B $22.22B $24.93B $20.22B $17.10B $16.21B $15.55B $13.85B
Property Plant & Equipment - - - - - $32.25B $30.48B $26.58B $22.12B $18.80B
Goodwill $5.84B $4.30B $4.87B $4.22B $3.69B $3.37B $3.81B $3.81B $3.87B $3.76B
Intangible Assets $4.02B $3.06B $3.31B $2.80B $2.49B $2.27B $2.17B $2.08B $1.96B $1.76B
Other Non-current Assets $2.05B $1.96B $1.89B $3.27B $1.05B $672.00M $1.08B $1.03B $1.15B $1.15B
Total Assets $73.09B $70.07B $70.86B $71.12B $69.41B $62.41B $57.86B $50.02B $45.40B $40.38B
Accounts Payable $6.63B $6.30B $6.34B $7.51B $7.52B $6.46B $5.55B $5.19B $3.87B $3.04B
Short-term Debt $608.00M $1.84B $3.35B $2.34B - $2.62B $3.42B $2.81B $4.01B $3.68B
Other Current Liabilities $1.38B $1.44B $1.26B $1.47B $1.43B $1.45B $1.64B $1.52B $905.00M $847.00M
Total Current Liabilities $15.62B $16.44B $17.68B $18.14B $17.57B $17.02B $15.41B $14.09B $12.71B $11.73B
Long-term Debt $23.59B $19.45B $18.92B $17.32B $19.78B $22.03B $21.82B $19.93B $20.28B $12.39B
Deferred Tax Liabilities $3.69B $3.60B $3.77B $4.30B $3.12B $488.00M $1.63B - - -
Other Non-current Liabilities $3.74B $3.35B $3.26B $3.51B $3.58B $3.85B $1.44B $1.42B $1.80B $1.22B
Retained Earnings $20.15B $20.88B $21.05B $21.33B $16.18B $6.90B $9.11B $8.01B $5.86B $4.88B
Treasury Stock - - - $13.00M $16.00M $20.00M $26.00M $32.00M $37.00M $45.00M
Total Stockholders Equity $16.23B $16.72B $17.31B $19.79B $14.25B $657.00M $3.27B $3.02B $1.00B $405.00M
Total Liabilities & Equity $73.09B $70.07B $70.86B $71.12B $69.41B $62.41B $57.86B $50.02B $45.40B $40.38B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $9.23B $5.57B $5.78B $6.71B $11.55B $12.89B $1.34B $4.44B $4.79B $4.91B $3.43B
Depreciation & Amortization $3.91B $3.00B $3.00B $2.80B $3.19B $2.95B $2.70B $2.36B $2.21B $2.28B $2.22B
Stock-based Compensation $94.00M $73.00M $24.00M $220.00M $1.57B $878.00M $796.00M $915.00M $634.00M $584.00M $591.00M
Deferred Income Tax - $-8.00M $-15.00M $199.00M - - - - - - -
Change in Receivables $-1.12B $382.00M $566.00M $-1.26B $322.00M $2.15B $1.56B $717.00M $421.00M $1.02B $704.00M
Change in Payables $-1.54B $-190.00M $262.00M $-1.38B $34.00M $1.26B $904.00M $419.00M $1.03B $592.00M $461.00M
Operating Cash Flow $13.43B $8.45B $10.12B $10.24B $14.10B $15.01B $10.46B $8.64B $12.71B $1.48B $6.47B
Capital Expenditure $6.56B $3.69B $3.91B $5.16B $4.77B $4.19B $5.41B $6.38B $6.28B $5.23B $2.96B
Acquisitions $2.92B $1.97B $71.00M $1.33B $755.00M $602.00M $20.00M $6.00M $2.00M $134.00M $547.00M
Purchases of Investments $270.00M $90.00M $76.00M $3.52B $1.91B $312.00M $254.00M $561.00M $973.00M $1.63B $4.82B
Investing Cash Flow $-8.37B $-4.74B $-217.00M $-7.13B $-7.47B $-3.82B $-5.28B $-6.06B $-6.33B $-4.97B $-2.57B
Debt Repayment $3.16B $2.07B $2.49B $2.43B $2.30B $2.77B $3.39B $3.10B $2.89B $3.94B $3.81B
Stock Issued $316.00M $159.00M $232.00M $248.00M $262.00M $251.00M $285.00M $218.00M $240.00M $247.00M $245.00M
Stock Repurchased $3.00B $1.00B $500.00M $2.25B $3.50B $500.00M $224.00M $1.00B $1.01B $1.81B $2.68B
Dividends Paid $9.44B $5.40B $5.40B $5.37B $5.11B $3.44B $3.37B $3.19B $3.01B $2.77B $2.64B
Financing Cash Flow $-6.97B $-4.14B $-6.85B $-5.53B $-11.19B $-6.82B $-4.52B $-1.73B $-5.69B $3.29B $-3.14B
Net Change in Cash $-1.45B $-225.00M $2.91B $-2.40B $-4.65B $4.34B $672.00M $871.00M $598.00M $-152.00M $749.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $21.41B $22.25B $64.18B $65.77B
Operating Expenses $19.61B $20.26B $58.89B $60.23B
Operating Income $1.80B $1.99B $5.29B $5.54B
Interest Expense $291.00M $230.00M $751.00M $637.00M
Other Income/Expense $-197.00M $-75.00M $-500.00M $-227.00M
Income Before Tax $1.61B $1.91B $4.79B $5.32B
Income Tax Expense $296.00M $371.00M $1.01B $1.25B
Net Income $1.31B $1.54B $3.78B $4.06B
Basic EPS 1.55 1.80 4.46 4.74
Diluted EPS 1.55 1.80 4.46 4.74
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $6.76B $6.11B
Accounts Receivable $9.97B $10.87B
Other Current Assets $2.25B $2.33B
Total Current Assets $18.98B $19.31B
Goodwill $4.81B $4.30B
Intangible Assets $3.46B $3.06B
Other Non-current Assets $2.02B $1.96B
Total Assets $71.39B $70.07B
Accounts Payable $5.78B $6.30B
Short-term Debt $932.00M $1.84B
Other Current Liabilities $1.37B $1.44B
Total Current Liabilities $14.55B $16.44B
Long-term Debt $23.85B $19.45B
Deferred Tax Liabilities $3.58B $3.60B
Other Non-current Liabilities $3.69B $3.35B
Retained Earnings $19.75B $20.88B
Total Stockholders Equity $15.82B $16.72B
Total Liabilities & Equity $71.39B $70.07B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.31B $1.54B $3.78B $4.06B
Depreciation & Amortization $926.00M $905.00M $2.77B $2.69B
Stock-based Compensation $25.00M $-24.00M $41.00M $-21.00M
Change in Receivables - - $-854.00M $-1.40B
Change in Payables - - $-801.00M $-829.00M
Operating Cash Flow - - $5.15B $6.81B
Capital Expenditure - - $2.97B $2.81B
Acquisitions - - $479.00M $66.00M
Purchases of Investments - - $90.00M $52.00M
Investing Cash Flow - - $-2.73B $840.00M
Debt Repayment - - $1.15B $1.94B
Stock Issued - - $133.00M $184.00M
Stock Repurchased - - $1.00B $500.00M
Dividends Paid - - $4.04B $4.05B
Financing Cash Flow - - $-1.95B $-5.00B
Net Change in Cash - - $652.00M $2.65B

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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