United Parcel Service, Inc. (UPS) Q2 FY2026 Financial Statements: Revenue $22.83B, Net income $604.00M
More for United Parcel Service: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
United Parcel Service reported $22.83 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 7.6% from a year earlier, while net income fell to $604 million from $1.28 billion and diluted earnings per share to $0.71 from $1.51. The profit decline came from separation costs under the Driver Choice Program, a voluntary separation program within the company's network reconfiguration and efficiency initiatives, which took consolidated operating profit down 49.0% to $930 million and left the U.S. Domestic Package segment with operating profit of $16 million, down 98.3% from $916 million. Revenue growth was aided by higher fuel surcharges following Middle East disruption, which also raised costs, and UPS completed its planned reduction of volume from its largest customer during the quarter.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $22,834,000,000 | up 7.6% |
| Net income | $604,000,000 | down 52.9% |
| Diluted EPS | $0.71 | down 53.0% |
| Operating profit | $930,000,000 | down 49.0% |
| US Domestic Package operating profit | $16,000,000 | down 98.3% |
| International Package revenue | $5,044,000,000 | up 12.5% |
| International Package operating profit | $623,000,000 | down 7.3% |
About this file
| Ticker | UPS |
|---|---|
| CIK | 0001090727 |
| Company | United Parcel Service, Inc. |
| Business type | industrial |
| Schema template | standard industrial (revenue / operating expense / operating profit); UPS reports no cost of revenue or gross profit line, so operating expenses and operating profit carry the margin picture |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share amounts in actual dollars; share counts in actual shares |
UPS annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001628280-26-008432 | 0001628280-26-008432 | 0001628280-26-008432 |
| Income statement | |||
| Revenue | 88,661,000,000 | 91,070,000,000 | 90,958,000,000 |
| Depreciation and amortization | 3,746,000,000 | 3,609,000,000 | 3,366,000,000 |
| Total operating expenses | 80,794,000,000 | 82,602,000,000 | 81,817,000,000 |
| Operating profit | 7,867,000,000 | 8,468,000,000 | 9,141,000,000 |
| Interest expense | -1,017,000,000 | -866,000,000 | -787,000,000 |
| Total other income expense | -703,000,000 | -1,026,000,000 | -568,000,000 |
| Income before income taxes | 7,164,000,000 | 7,442,000,000 | 8,573,000,000 |
| Income tax expense | 1,592,000,000 | 1,660,000,000 | 1,865,000,000 |
| Net income | 5,572,000,000 | 5,782,000,000 | 6,708,000,000 |
| Basic EPS | 6.56 | 6.76 | 7.81 |
| Diluted EPS | 6.56 | 6.75 | 7.8 |
| Basic shares | 849,000,000 | 855,000,000 | 859,000,000 |
| Diluted shares | 850,000,000 | 856,000,000 | 860,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 5,887,000,000 | 6,112,000,000 | |
| Accounts receivable net | 11,209,000,000 | 10,871,000,000 | |
| Total current assets | 19,045,000,000 | 19,310,000,000 | |
| Property plant and equipment net | 37,731,000,000 | 37,179,000,000 | |
| Goodwill | 5,837,000,000 | 4,300,000,000 | |
| Intangible assets net | 4,021,000,000 | 3,064,000,000 | |
| Total assets | 73,090,000,000 | 70,070,000,000 | |
| Current maturities of long term debt and finance leases | 608,000,000 | 1,838,000,000 | |
| Total current liabilities | 15,620,000,000 | 16,441,000,000 | |
| Long term debt and finance leases | 23,519,000,000 | 19,446,000,000 | |
| Retained earnings | 20,151,000,000 | 20,882,000,000 | |
| Total equity | 16,255,000,000 | 16,743,000,000 | |
| Total debt | 24,127,000,000 | 21,284,000,000 | |
| Total liabilities | 56,835,000,000 | 53,327,000,000 | |
| Cash flow | |||
| Operating cash flow | 8,450,000,000 | 10,122,000,000 | 10,238,000,000 |
| Capex | -3,685,000,000 | -3,909,000,000 | -5,158,000,000 |
| Acquisitions net of cash acquired | -1,968,000,000 | -71,000,000 | -1,329,000,000 |
| Net cash used in investing activities | -4,735,000,000 | -217,000,000 | -7,133,000,000 |
| Net cash used in financing activities | -4,141,000,000 | -6,850,000,000 | -5,534,000,000 |
| Dividends paid | -5,398,000,000 | -5,399,000,000 | -5,372,000,000 |
| Free cash flow | 4,765,000,000 | 6,213,000,000 | 5,080,000,000 |
| Segment results | |||
| US domestic package revenue | 59,519,000,000 | 60,376,000,000 | 60,205,000,000 |
| US domestic package operating profit | 3,926,000,000 | 4,345,000,000 | 5,156,000,000 |
| International package revenue | 18,576,000,000 | 17,960,000,000 | 17,831,000,000 |
| International package operating profit | 2,873,000,000 | 3,191,000,000 | 3,231,000,000 |
| Supply chain solutions and other revenue | 10,566,000,000 | 12,734,000,000 | 12,922,000,000 |
| Supply chain solutions and other operating profit | 1,068,000,000 | 932,000,000 | 754,000,000 |
UPS quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Label | Q2 2026 | Q2 2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001628280-26-053249 | 0001628280-26-053249 |
| Income statement | ||
| Revenue | 22,834,000,000 | 21,221,000,000 |
| Depreciation and amortization | 980,000,000 | 936,000,000 |
| Total operating expenses | 21,904,000,000 | 19,399,000,000 |
| Operating profit | 930,000,000 | 1,822,000,000 |
| Interest expense | -272,000,000 | -238,000,000 |
| Total other income expense | -169,000,000 | -160,000,000 |
| Income before income taxes | 761,000,000 | 1,662,000,000 |
| Income tax expense | 157,000,000 | 379,000,000 |
| Net income | 604,000,000 | 1,283,000,000 |
| Basic EPS | 0.71 | 1.51 |
| Diluted EPS | 0.71 | 1.51 |
| Basic shares | 851,000,000 | 847,000,000 |
| Diluted shares | 851,000,000 | 847,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 4,653,000,000 | |
| Accounts receivable net | 10,710,000,000 | |
| Total current assets | 17,545,000,000 | |
| Property plant and equipment net | 37,894,000,000 | |
| Goodwill | 5,770,000,000 | |
| Intangible assets net | 3,954,000,000 | |
| Total assets | 71,267,000,000 | |
| Current maturities of long term debt and finance leases | 634,000,000 | |
| Total current liabilities | 14,881,000,000 | |
| Long term debt and finance leases | 23,850,000,000 | |
| Retained earnings | 18,830,000,000 | |
| Total equity | 15,099,000,000 | |
| Total debt | 24,484,000,000 | |
| Total liabilities | 56,168,000,000 | |
| Segment results | ||
| US domestic package revenue | 14,930,000,000 | 14,083,000,000 |
| US domestic package operating profit | 16,000,000 | 916,000,000 |
| International package revenue | 5,044,000,000 | 4,485,000,000 |
| International package operating profit | 623,000,000 | 672,000,000 |
| Supply chain solutions and other revenue | 2,860,000,000 | 2,653,000,000 |
| Supply chain solutions and other operating profit | 291,000,000 | 234,000,000 |
UPS year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001628280-26-053249 |
| Income statement | |
| Revenue | 44,036,000,000 |
| Depreciation and amortization | 1,965,000,000 |
| Total operating expenses | 41,839,000,000 |
| Operating profit | 2,197,000,000 |
| Interest expense | -538,000,000 |
| Total other income expense | -312,000,000 |
| Income before income taxes | 1,885,000,000 |
| Income tax expense | 417,000,000 |
| Net income | 1,468,000,000 |
| Basic EPS | 1.73 |
| Diluted EPS | 1.73 |
| Basic shares | 850,000,000 |
| Diluted shares | 851,000,000 |
| Cash flow | |
| Operating cash flow | 3,083,000,000 |
| Capex | -1,724,000,000 |
| Acquisitions net of cash acquired | 0 |
| Net cash used in investing activities | -1,510,000,000 |
| Net cash used in financing activities | -2,757,000,000 |
| Dividends paid | -2,708,000,000 |
| Free cash flow | 1,359,000,000 |
| Segment results | |
| US domestic package revenue | 29,055,000,000 |
| US domestic package operating profit | 531,000,000 |
| International package revenue | 9,584,000,000 |
| International package operating profit | 1,170,000,000 |
| Supply chain solutions and other revenue | 5,397,000,000 |
| Supply chain solutions and other operating profit | 496,000,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001628280-26-053249 |
| Income statement | |
| Revenue | 42,767,000,000 |
| Depreciation and amortization | 1,848,000,000 |
| Total operating expenses | 39,279,000,000 |
| Operating profit | 3,488,000,000 |
| Interest expense | -460,000,000 |
| Total other income expense | -303,000,000 |
| Income before income taxes | 3,185,000,000 |
| Income tax expense | 715,000,000 |
| Net income | 2,470,000,000 |
| Basic EPS | 2.91 |
| Diluted EPS | 2.91 |
| Basic shares | 849,000,000 |
| Diluted shares | 849,000,000 |
| Cash flow | |
| Operating cash flow | 2,666,000,000 |
| Capex | -1,999,000,000 |
| Acquisitions net of cash acquired | -479,000,000 |
| Net cash used in investing activities | -2,278,000,000 |
| Net cash used in financing activities | -519,000,000 |
| Dividends paid | -2,697,000,000 |
| Free cash flow | 667,000,000 |
| Segment results | |
| US domestic package revenue | 28,543,000,000 |
| US domestic package operating profit | 1,895,000,000 |
| International package revenue | 8,858,000,000 |
| International package operating profit | 1,313,000,000 |
| Supply chain solutions and other revenue | 5,366,000,000 |
| Supply chain solutions and other operating profit | 280,000,000 |
UPS trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0001628280-26-008432; 0001628280-26-053249 |
| Income statement | |
| Revenue | 89,930,000,000 |
| Depreciation and amortization | 3,863,000,000 |
| Total operating expenses | 83,354,000,000 |
| Operating profit | 6,576,000,000 |
| Interest expense | -1,095,000,000 |
| Total other income expense | -712,000,000 |
| Income before income taxes | 5,864,000,000 |
| Income tax expense | 1,294,000,000 |
| Net income | 4,570,000,000 |
| Diluted shares | 852,000,000 |
| Basic shares | 850,000,000 |
| Diluted EPS | 5.36 |
| Basic EPS | 5.38 |
| Cash flow | |
| Operating cash flow | 8,867,000,000 |
| Capex | -3,410,000,000 |
| Acquisitions net of cash acquired | -1,489,000,000 |
| Net cash used in investing activities | -3,967,000,000 |
| Net cash used in financing activities | -6,379,000,000 |
| Dividends paid | -5,409,000,000 |
| Free cash flow | 5,457,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | none - UPS reports in U.S. dollars |
Notes
- Sources: the FY2025 10-K filed 17 February 2026 (accession 0001628280-26-008432) and the Q2 2026 10-Q filed 5 August 2026 (accession 0001628280-26-053249). No figure here comes from any other filing.
- Schema: a standard industrial template. UPS presents no cost of revenue and no gross profit line, so revenue, total operating expenses and operating profit carry the margin picture, with segment revenue and segment operating profit alongside.
- All amounts are stated in actual dollars. The filings print their statements in millions (per-share amounts in dollars, share counts in millions), and those scales have been applied.
- Periods presented: the 10-K's income statement and cash flow statement show 2025, 2024 and 2023; its balance sheet shows only 31 December 2025 and 31 December 2024, so FY2023 carries no balance sheet here. The 10-Q shows the three months and six months ended 30 June 2026 and 2025, and a balance sheet at 30 June 2026.
- The quarterly list holds discrete three-month periods only. The six-month figures the 10-Q prints alongside them are kept in the separate year-to-date block, with the prior-year six months nested inside it as its own dated period.
- The trailing-twelve-month block covers 1 July 2025 to 30 June 2026 and is derived as full-year 2025 plus the six months ended 30 June 2026 less the six months ended 30 June 2025, using the columns of the two filings named above. Its diluted and basic earnings per share are computed from that derived net income over the weighted-average share counts combined the same way; they are not amounts either filing prints.
- Cash flow is not available for a discrete quarter. The 10-Q's cash flow statement presents six months only, so the quarterly entries carry no cash flow block; the six-month figures sit in the year-to-date block.
- Free cash flow is stated here as net cash from operating activities less capital expenditures, both taken from the cash flow statements. Neither the FY2025 10-K nor the Q2 2026 10-Q presents a free cash flow line of its own, so this is a computed measure rather than a reported one.
- Total debt is the sum of the balance sheet's current maturities of long-term debt and finance leases and its non-current long-term debt and finance leases. Total liabilities is total assets less total shareowners' equity, since the balance sheet prints no total-liabilities subtotal.
- Total equity is total shareowners' equity, which includes noncontrolling interests ($32 million at 30 June 2026, $28 million at 31 December 2025 and $25 million at 31 December 2024).
- Capital expenditures, dividends, acquisitions and the investing and financing subtotals are carried with the sign the cash flow statement prints, so outflows are negative.
- Segment figures: UPS reports two reportable segments, U.S. Domestic Package and International Package. Its remaining businesses, reported as Supply Chain Solutions, fall below the reportable thresholds and the filings present them as other revenue and other profit in the reconciliations; they are labelled here as Supply Chain Solutions and other. Segment revenue and segment operating profit sum to the consolidated lines in every period shown.
- The 10-K states that from the fourth quarter of 2024 U.S. air cargo results are presented within the U.S. Domestic Package segment rather than Supply Chain Solutions, and that prior periods were recast to conform, with no change to consolidated results. The 2023 and 2024 segment figures here are the recast amounts as printed in the FY2025 10-K.
- Segment operating profit is defined by UPS as income before investment income and other, interest expense and income tax expense. Other pension income and expense is reconciled below segment operating profit rather than within it.
- No stock splits apply to any period here, the company is not an ADR issuer, and it reports in U.S. dollars, so no split, depositary-ratio or currency adjustment has been made.
Uncertainties
- Neither filing publishes a cash flow statement for a discrete three-month period, so no operating cash flow, capital expenditure or free cash flow figure is reported for Q2 2026 or Q2 2025. Only the six-month view in the year-to-date block is sourced.
- The 10-Q presents no balance sheet at 30 June 2025, so the Q2 2025 entry carries income statement and segment figures only.
- The first quarters of 2026 and 2025 are not presented as discrete three-month columns by either filing and are not reported here; they were not derived by differencing, because no first-quarter column was in front of these statements.
- The FY2025 10-K's balance sheet presents only 31 December 2025 and 2024, so no balance sheet is reported for FY2023.
- Trailing-twelve-month earnings per share and the trailing-twelve-month weighted-average share counts are arithmetic constructions from the annual and interim columns, not amounts UPS publishes. Because weighted-average share counts are not additive across periods in the strict sense, treat the trailing-twelve-month per-share figures as close approximations rather than reported results.
Company details
| Value | |
|---|---|
| Name | United Parcel Service Inc |
| Ticker | UPS |
| CIK | 0001090727 |
| Exchange | NYSE |
| State | Georgia |
| Incorporation | Delaware |
| SIC | 4210 |
| Office | Energy & Transportation |
| Industry | Trucking & Courier Services (No Air) |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001628280-26-053249 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-17 | 0001628280-26-008432 | https://www.sec.gov/Archives/edgar/data/1090727/000162828026008432/0001628280-26-008432-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-05 | 0001628280-26-053249 | https://www.sec.gov/Archives/edgar/data/1090727/000162828026053249/0001628280-26-053249-index.htm | facts |
FAQ · United Parcel Service financial statements
How much revenue did UPS report in Q2 FY2026?
United Parcel Service reported $22.83 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 7.6% from $21.22 billion in the same quarter a year earlier, with higher fuel surcharges a substantial part of the increase.
What was UPS earnings per share in Q2 FY2026?
United Parcel Service reported diluted earnings per share of $0.71 for Q2 FY2026, down from $1.51 a year earlier, on net income of $604 million.
Why did UPS profit fall in Q2 FY2026?
United Parcel Service's consolidated operating profit was $930 million in Q2 FY2026, down 49.0% from $1.82 billion, because of separation costs under the Driver Choice Program, a voluntary separation program within the company's network reconfiguration and efficiency initiatives. Excluding those costs, UPS said its underlying second-quarter profitability improved.
How did the UPS U.S. Domestic Package segment perform in Q2 FY2026?
The U.S. Domestic Package segment of United Parcel Service earned operating profit of $16 million in Q2 FY2026, down 98.3% from $916 million, as the voluntary separation charge landed almost entirely in that segment.
How is UPS International Package doing in Q2 FY2026?
United Parcel Service's International Package segment generated revenue of $5.04 billion in Q2 FY2026, up 12.5% from $4.49 billion, driven by higher revenue per piece and fuel surcharges against a decline in average daily volume. Segment operating profit did not follow the top line: it was $623 million, down 7.3% from $672 million, so the segment's operating margin narrowed even as revenue grew.
Where can I get United Parcel Service, Inc. (UPS) financial data in machine-readable form?
Ticker Scout publishes United Parcel Service, Inc.'s financial statements as JSON at https://tickerscout.ai/ups/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/ups/narrative.md and https://tickerscout.ai/ups/events.md. United Parcel Service, Inc.'s SEC CIK is 0001090727. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does United Parcel Service, Inc. (UPS) next file with the SEC?
United Parcel Service, Inc. (UPS) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from United Parcel Service, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-053249.
How this page was built
This page was built from two of United Parcel Service, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from United Parcel Service, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.