United Parcel Service, Inc. (UPS)

UPS Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	89,739	90,958	100,338	97,287	84,628	74,094
Revenue Growth (YoY)	-9.25%	-9.35%	3.14%	14.96%	14.22%	3.11%
Cost of Revenue	56,682	56,710	58,466	54,975	51,015	45,427
Gross Profit	33,057	34,248	41,872	42,312	33,613	28,667
Selling, General & Admin	8,060	8,090	7,915	7,470	7,600	5,919
Other Operating Expenses	16,784	17,017	20,863	22,032	18,329	14,950
Operating Expenses	24,844	25,107	28,778	29,502	25,929	20,869
Operating Income	8,213	9,141	13,094	12,810	7,684	7,798
Interest Expense / Income	792	785	704	694	701	653
Other Expense / Income	-166	-217	-2,435	-4,479	5,139	1,493
Pretax Income	7,587	8,573	14,825	16,595	1,844	5,652
Income Tax	1,661	1,865	3,277	3,705	501	1,212
Net Income	5,926	6,708	11,548	12,890	1,343	4,440
Net Income Growth	-45.03%	-41.91%	-10.41%	859.79%	-69.75%	-7.33%
Shares Outstanding (Basic)	853	852	865	869	864	858
Shares Change	-0.71%	-1.50%	-0.49%	0.55%	0.77%	-0.16%
EPS (Basic)	6.91	7.81	13.26	14.75	1.55	5.14
EPS (Diluted)	6.91	7.80	13.20	14.68	1.54	5.11
EPS Growth	-44.09%	-40.91%	-10.08%	853.25%	-69.86%	-7.26%
Free Cash Flow	5,613	5,080	9,335	10,813	5,047	2,259
Free Cash Flow Per Share	6.58	5.96	10.79	12.44	5.84	2.63
Dividend Per Share	6.490	6.480	6.080	4.080	4.040	3.840
Dividend Growth	5.02%	6.58%	49.02%	0.99%	5.21%	5.49%
Gross Margin	36.84%	37.65%	41.73%	43.49%	39.72%	38.69%
Operating Margin	9.15%	10.05%	13.05%	13.17%	9.08%	10.52%
Profit Margin	6.60%	7.37%	11.51%	13.25%	1.59%	5.99%
Free Cash Flow Margin	6.25%	5.58%	9.30%	11.11%	5.96%	3.05%
Effective Tax Rate	21.89%	21.75%	22.10%	22.33%	27.17%	21.44%
EBITDA	11,809	12,724	18,717	20,242	5,243	8,665
EBITDA Margin	13.16%	13.99%	18.65%	20.81%	6.20%	11.69%
Depreciation & Amortization	3,430	3,366	3,188	2,953	2,698	2,360
EBIT	8,379	9,358	15,529	17,289	2,545	6,305
EBIT Margin	9.34%	10.29%	15.48%	17.77%	3.01%	8.51%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).