United Parcel Service, Inc. (UPS)

UPS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	89,483	91,070	90,958	100,338	97,287	84,628
Revenue Growth (YoY)	-1.33%	0.12%	-9.35%	3.14%	14.96%	14.22%
Cost of Revenue	70,073	71,711	70,424	75,123	73,996	66,662
Gross Profit	19,410	19,359	20,534	25,215	23,291	17,966
Other Operating Expenses	7,764	7,739	7,743	7,713	7,470	7,600
Operating Expenses	11,457	11,348	11,109	10,901	10,423	10,298
Operating Income	7,953	8,011	9,425	14,314	12,868	7,668
Interest Expense	-972	-858	-787	-704	-694	-701
Interest & Investment Income	697	697	743	1,399	1,386	1,558
Currency Exchange Gain (Loss)	-38	-38	-53	72	-36	9
EBT Excluding Unusual Items	7,580	7,812	9,328	15,081	13,524	8,534
Merger & Restructuring Charges	-555	-322	-447	-203	-206	-211
Impairment of Goodwill	-6	-	-125	-	-	-
Gain (Loss) on Sale of Investments	-19	-	-3	-3	5	5
Gain (Loss) on Sale of Assets	20	156	-8	-33	-	-
Asset Writedown	-93	-108	-111	-17	-	-
Other Unusual Items	-8	-96	-61	-	3,272	-6,484
Pretax Income	6,919	7,442	8,573	14,825	16,595	1,844
Income Tax Expense	1,417	1,660	1,865	3,277	3,705	501
Net Income	5,502	5,782	6,708	11,548	12,890	1,343
Net Income to Common	5,502	5,782	6,708	11,548	12,890	1,343
Net Income Growth	-2.89%	-13.80%	-41.91%	-10.41%	859.79%	-69.75%
Shares Outstanding (Basic)	850	855	859	871	874	867
Shares Outstanding (Diluted)	851	856	860	875	878	871
Shares Change (YoY)	-0.64%	-0.46%	-1.71%	-0.34%	0.80%	0.23%
EPS (Basic)	6.47	6.76	7.81	13.26	14.75	1.55
EPS (Diluted)	6.47	6.75	7.80	13.20	14.68	1.54
EPS Growth	-2.21%	-13.46%	-40.91%	-10.08%	853.25%	-69.86%
Free Cash Flow	4,396	6,213	5,080	9,335	10,813	5,047
Free Cash Flow Per Share	5.17	7.26	5.91	10.67	12.31	5.79
Dividend Per Share	6.550	6.520	6.480	6.080	4.080	4.040
Dividend Growth	0.61%	0.62%	6.58%	49.02%	0.99%	5.21%
Gross Margin	21.69%	21.26%	22.57%	25.13%	23.94%	21.23%
Operating Margin	8.89%	8.80%	10.36%	14.27%	13.23%	9.06%
Profit Margin	6.15%	6.35%	7.38%	11.51%	13.25%	1.59%
Free Cash Flow Margin	4.91%	6.82%	5.58%	9.30%	11.12%	5.96%
EBITDA	11,601	11,620	12,791	17,502	15,821	10,366
EBITDA Margin	12.96%	12.76%	14.06%	17.44%	16.26%	12.25%
D&A For EBITDA	3,648	3,609	3,366	3,188	2,953	2,698
EBIT	7,953	8,011	9,425	14,314	12,868	7,668
EBIT Margin	8.89%	8.80%	10.36%	14.27%	13.23%	9.06%
Effective Tax Rate	20.48%	22.31%	21.75%	22.11%	22.33%	27.17%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q