United Parcel Service Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	88,661	91,070	90,958	100,338	97,287
Revenue Growth (YoY)	-2.65%	0.12%	-9.35%	3.14%	14.96%
Cost of Revenue	68,623	71,711	70,065	75,123	73,996
Gross Profit	20,038	19,359	20,893	25,215	23,291
Other Operating Expenses	7,768	7,739	7,983	7,713	7,470
Operating Expenses	11,514	11,348	11,349	10,901	10,423
Operating Income	8,524	8,011	9,544	14,314	12,868
Interest Expense	-1,017	-860	-787	-704	-694
Interest & Investment Income	513	697	384	1,399	1,386
Currency Exchange Gain (Loss)	-22	-38	-53	72	-36
EBT Excluding Unusual Items	7,998	7,810	9,088	15,081	13,524
Merger & Restructuring Charges	-614	-322	-435	-203	-206
Gain (Loss) on Sale of Investments	-	-	-3	-3	5
Gain (Loss) on Sale of Assets	-19	156	-8	-33	-
Asset Writedown	-201	-108	-8	-17	-
Other Unusual Items	-	-94	-61	-	3,272
Pretax Income	7,164	7,442	8,573	14,825	16,595
Income Tax Expense	1,592	1,660	1,865	3,277	3,705
Net Income	5,572	5,782	6,708	11,548	12,890
Net Income to Common	5,572	5,782	6,708	11,548	12,890
Net Income Growth	-3.63%	-13.80%	-41.91%	-10.41%	859.79%
Shares Outstanding (Basic)	849	855	859	871	874
Shares Outstanding (Diluted)	850	856	860	875	878
Shares Change (YoY)	-0.70%	-0.46%	-1.71%	-0.34%	0.80%
EPS (Basic)	6.56	6.76	7.81	13.26	14.75
EPS (Diluted)	6.56	6.75	7.80	13.20	14.68
EPS Growth	-2.81%	-13.46%	-40.91%	-10.08%	853.25%
Free Cash Flow	4,765	6,213	5,080	9,335	10,813
Free Cash Flow Per Share	5.61	7.26	5.91	10.67	12.31
Dividend Per Share	6.560	6.520	6.480	6.080	4.080
Dividend Growth	0.61%	0.62%	6.58%	49.02%	0.99%
Gross Margin	22.60%	21.26%	22.97%	25.13%	23.94%
Operating Margin	9.61%	8.80%	10.49%	14.27%	13.23%
Profit Margin	6.29%	6.35%	7.38%	11.51%	13.25%
Free Cash Flow Margin	5.37%	6.82%	5.58%	9.30%	11.12%
EBITDA	12,212	11,620	12,910	17,502	15,821
EBITDA Margin	13.77%	12.76%	14.19%	17.44%	16.26%
D&A For EBITDA	3,688	3,609	3,366	3,188	2,953
EBIT	8,524	8,011	9,544	14,314	12,868
EBIT Margin	9.61%	8.80%	10.49%	14.27%	13.23%
Effective Tax Rate	22.22%	22.31%	21.75%	22.11%	22.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.