Skip to main content
logo
United Parcel Service, Inc. (UPS)
NYSE: UPS · Real-Time Price · USD
106.09
+5.77 (5.75%)
At close: Oct 27, 2026, 4:00 PM EDT
105.51
-0.58 (-0.55%)
Pre-market: Oct 28, 2026, 6:00 AM EDT

UPS Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
1,1636048641,7911,3111,2831,1871,7211,5391,4091,1131,6051,1272,0811,8953,4532,5842,8492,6623,093
Depreciation & Amortization
965980985959918936912919905887898867837828834888774762764754
Loss (Gain) From Sale of Assets
561773268-2194222201-10537129176108-6-13148-36-3344104
Asset Writedown & Restructuring Costs
---138---------------
Stock-Based Compensation
3734243225-52145-2430-27342139126718233231386178
Other Operating Activities
65-43139479-202-518184868-1,080143258359379343-1,030-1,112-1,546401303407
Change in Accounts Receivable
105-7551,085-1,236314-420960-1,961-131341,492-1,624-186442,254-1,344202-4071,227-2,126
Change in Accounts Payable
181193-495611-359464-9061,091-144114-799681-137-253-1,668986-444235-7431,245
Change in Other Net Operating Assets
331-171-451385686-1,434-62431538-661252313-84-439-41-405712-225-163-409
Operating Cash Flow
2,9038592,2243,3022,4823482,3183,3151,4981,9933,3162,4112,2333,2372,3573,3322,4793,8134,4803,246
Operating Cash Flow Growth (YoY)
16.96%146.84%-4.06%-0.39%65.69%-82.54%-30.10%37.49%-32.91%-38.43%40.69%-27.64%-9.92%-15.11%-47.39%2.65%-25.04%-2.80%-1.13%176.02%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-497-693-1,031-716-970-1,123-876-1,098-843-933-1,035-2,049-1,289-1,211-609-2,491-890-840-548-1,624
Sale of Property, Plant & Equipment
473-8282700--65651,115--1313---5512----
Cash Acquisitions
-11---1,489--1-478-5--22-44-1,290-5--34-649-7-1001-590
Divestitures
-198198--58549491--1,0701,04228-2611750--1239-2
Investment in Securities
---6424171-56-110172,646130117125-1,192-1,649-6-8-6
Other Investing Activities
-3411525-44-102-2210-14-21-10-517-275-15-2-17-6
Investing Cash Flow
-267-566-944-2,001-456-923-1,355-1,057187-9131,566-3,204-1,070-1,046-1,813-5,064-909-927-572-2,218

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Long-Term Debt Issued
------25-------2,503-----
Total Debt Issued
870----4,12825--2,785-1,740458-2,503-----
Short-Term Debt Repaid
-----------1,272---------
Long-Term Debt Repaid
---46----32----926----65----18-
Total Debt Repaid
-48-39-46-924-83-1,030-32-543-436-582-2,198-804-29-1,531-65-1,180-19-1,087-18-160
Net Debt Issued (Repaid)
822-39-46-924-833,098-7-543-4362,203-2,198936429-1,5312,438-1,180-19-1,087-18-160
Issuance of Common Stock
2632282631475548537754587170496462696755
Repurchase of Common Stock
-------1,000--500----752-747-751-1,306-952-988-254-
Common Dividends Paid
-1,356-1,356-1,352-1,353-1,348-1,349-1,348-1,350-1,348-1,353-1,348-1,338-1,341-1,345-1,348-1,272-1,275-1,283-1,284-859
Other Financing Activities
59-664257-28-2-13-2-5-28-174-5-10-33-384-16-5-27-481-3
Financing Cash Flow
-449-1,429-1,328-2,194-1,4281,794-2,313-1,847-2,236899-3,666-349-1,603-3,5864-3,710-2,189-3,316-1,970-967

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-3-13-3716-2817340-15477-24-4837-611740-1-71-4315-18
Miscellaneous Cash Flow Adjustments
--------10-10----------
Net Cash Flow
2,184-1,149-85-8775701,392-1,310257-4641,9451,168-1,105-501-1,378588-5,443-690-4731,95343

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
2,4061661,1932,5861,512-7751,4422,2176551,0602,2813629442,0261,7488411,5892,9733,9321,622
Free Cash Flow Growth (YoY)
59.13%--17.27%16.64%130.84%--36.78%512.43%-30.61%-47.68%30.49%-56.96%-40.59%-31.85%-55.54%-48.15%-33.98%-3.69%6.36%-
Free Cash Flow Margin
10.53%0.73%5.63%10.56%7.06%-3.65%6.69%8.76%2.94%4.86%10.51%1.45%4.48%9.19%7.63%3.11%6.58%12.00%16.13%5.84%
Free Cash Flow Per Share
2.820.201.403.031.78-0.921.702.580.771.242.660.421.102.352.020.971.823.394.471.84
Levered Free Cash Flow
2,218765.88862.52,1551,846-1821,424114.132,645109.251,744-599.5387.251,5122,25149.382,7812,0933,287173.88
Unlevered Free Cash Flow
2,399935.881,0292,3222,028-33.251,563253.52,789241.751,866-468.88511.631,6322,368163.132,8922,2003,396282

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
---990---854---762---721---697
Cash Income Tax Paid
---1,912---1,347---1,976---2,574---1,869
Change in Working Capital
617-733139-240641-1,390-8-439263-513945-630-239-48545-763470-397321-1,290
SEC Filings: 10-K · 10-Q