UPS 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	18,011	20,895	21,243	26,568	25,695
Gross Profit	70,650	70,175	69,715	73,770	71,592
Selling, General & Admin	50,874	50,210	49,111	49,568	48,359
Depreciation & Amortization Expenses	3,746	3,609	3,366	3,188	2,953
Other Operating Expenses	8,163	7,888	8,097	7,920	7,470
Total Operating Expenses	62,783	61,707	60,574	60,676	58,782
Operating Income	7,867	8,468	9,141	13,094	12,810
Interest Income	314	-160	219	2,435	4,479
Interest Expense	-1,017	-866	-787	-704	-694
Total Non-Operating Income (Expense)	-703	-1,026	-568	1,731	3,785
Pretax Income	7,164	7,442	8,573	14,825	16,595
Provision for Income Taxes	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%
Shares Outstanding	849	853.9	852.8	858.8	870
Free Cash Flow	4,765	6,213	5,080	9,335	10,813
Free Cash Flow Growth	-23.31%	22.30%	-45.58%	-13.67%	114.25%
Free Cash Flow Per Share	5.61	7.26	5.91	10.67	12.32
Dividends 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	79.69%	77.06%	76.65%	73.52%	73.59%
Operating Margin	8.87%	9.30%	10.05%	13.05%	13.17%
Profit Margin	6.28%	6.35%	7.37%	11.51%	13.25%
FCF Margin	5.37%	6.82%	5.58%	9.30%	11.11%
EBITDA	11,613	12,077	12,507	16,282	15,763
EBITDA Margin	13.10%	13.26%	13.75%	16.23%	16.20%
EBIT	7,867	8,468	9,141	13,094	12,810
EBIT Margin	8.87%	9.30%	10.05%	13.05%	13.17%
Effective Tax Rate	22.22%	22.31%	21.75%	22.10%	22.33%

Updated Jan 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q