United Parcel Service, Inc. (UPS)
NYSE: UPS · Real-Time Price · USD
100.10
+0.21 (0.21%)
At close: May 7, 2026, 4:00 PM EDT
99.97
-0.13 (-0.13%)
After-hours: May 7, 2026, 7:59 PM EDT
UPS Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 864 | 1,791 | 1,311 | 1,283 | 1,187 | 1,721 | 1,539 | 1,409 | 1,113 | 1,605 | 1,127 | 2,081 | 1,895 | 3,453 | 2,584 | 2,849 | 2,662 | 3,093 | 2,329 | 2,676 |
Depreciation & Amortization | 985 | 972 | 926 | 936 | 912 | 919 | 905 | 887 | 898 | 867 | 837 | 828 | 834 | 888 | 774 | 762 | 764 | 754 | 738 | 739 |
Stock-Based Compensation | 24 | 32 | 25 | -5 | 21 | 45 | -24 | 30 | -27 | 34 | 21 | 39 | 126 | 718 | 233 | 231 | 386 | 178 | 179 | 206 |
Other Adjustments | 270 | 677 | -430 | -431 | 173 | 1,026 | -1,128 | 180 | 387 | 595 | 492 | 382 | -1,011 | -1,020 | -1,610 | 429 | 364 | 489 | 297 | 378 |
Change in Receivables | 1,085 | -1,236 | 314 | -420 | 960 | -1,961 | -131 | 34 | 1,492 | -1,624 | -18 | 644 | 2,254 | -1,344 | 202 | -407 | 1,227 | -2,126 | -460 | 4 |
Changes in Accounts Payable | -495 | 611 | -359 | 464 | -906 | 1,091 | -144 | 114 | -799 | 681 | -137 | -253 | -1,668 | 986 | -444 | 235 | -743 | 1,245 | -36 | 317 |
Changes in Accrued Expenses | -453 | 229 | 245 | -77 | -370 | 153 | 211 | 125 | 12 | -141 | 380 | -27 | -508 | -130 | 289 | -5 | -343 | -551 | 79 | 28 |
Changes in Other Operating Activities | -56 | 226 | 450 | -1,402 | 341 | 321 | 270 | -786 | 240 | 394 | -469 | -457 | 435 | -219 | 451 | -281 | 163 | 164 | 181 | -425 |
Operating Cash Flow | 2,224 | 3,302 | 2,482 | 348 | 2,318 | 3,315 | 1,498 | 1,993 | 3,316 | 2,411 | 2,233 | 3,237 | 2,357 | 3,332 | 2,479 | 3,813 | 4,480 | 3,246 | 3,307 | 3,923 |
Operating Cash Flow Growth | -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% | -0.87% | 15.48% |
Capital Expenditures | -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 | -900 | -836 |
Sale of Property, Plant & Equipment | 82 | 115 | 494 | 26 | 65 | 45 | 1,042 | 15 | 13 | 26 | 117 | 45 | 5 | 0 | 3 | 9 | - | 2 | 7 | 853 |
Purchases of Investments | - | 0 | 0 | 0 | -90 | -24 | 0 | -2 | -50 | -174 | -377 | -599 | -2,371 | -1,711 | -63 | -64 | -68 | -115 | -56 | -63 |
Proceeds from Sale of Investments | - | 64 | 24 | 171 | 34 | 23 | 10 | 19 | 2,696 | 304 | 494 | 724 | 1,179 | 62 | 63 | 70 | 60 | 109 | 43 | 80 |
Payments for Business Acquisitions | - | -1,489 | 0 | -1 | -478 | -5 | 0 | -22 | -44 | -1,290 | -5 | 0 | -34 | -649 | -7 | -100 | 1 | -590 | -7 | -2 |
Other Investing Activities | 5 | 25 | -4 | 4 | -10 | 2 | -22 | 10 | -14 | -21 | -10 | -5 | 17 | -275 | -15 | -2 | -17 | -6 | 47 | 0 |
Investing Cash Flow | -944 | -2,001 | -456 | -923 | -1,355 | -1,057 | 187 | -913 | 1,566 | -3,204 | -1,070 | -1,046 | -1,813 | -5,064 | -909 | -927 | -572 | -2,218 | -866 | 32 |
Net Short-Term Debt Issued (Repaid) | - | - | - | - | - | 0 | 0 | 0 | -1,272 | 857 | 415 | - | - | - | - | - | - | 0 | -498 | -199 |
Long-Term Debt Issued | - | 0 | 0 | 4,128 | 25 | 0 | 0 | 2,785 | - | 883 | 43 | 0 | 2,503 | - | - | - | - | - | - | - |
Long-Term Debt Repaid | -46 | -924 | -83 | -1,030 | -32 | -543 | -436 | -582 | -926 | -804 | -29 | -1,531 | -65 | -1,180 | -19 | -1,087 | -18 | -160 | -14 | -1,071 |
Net Long-Term Debt Issued (Repaid) | -46 | -924 | -83 | 3,098 | -7 | -543 | -436 | 2,203 | -926 | 79 | 14 | -1,531 | 2,438 | -1,180 | -19 | -1,087 | -18 | -160 | -14 | -1,071 |
Issuance of Common Stock | 28 | 26 | 31 | 47 | 55 | 48 | 53 | 77 | 54 | 58 | 71 | 70 | 49 | 64 | 62 | 69 | 67 | 55 | 55 | 63 |
Repurchase of Common Stock | - | 0 | 0 | 0 | -1,000 | 0 | -500 | - | - | 0 | -752 | -747 | -751 | -1,306 | -952 | -988 | -254 | 0 | -500 | - |
Net Common Stock Issued (Repurchased) | 28 | 26 | 31 | 47 | -945 | 48 | -447 | 77 | 54 | 58 | -681 | -677 | -702 | -1,242 | -890 | -919 | -187 | 55 | -445 | 63 |
Common Dividends Paid | -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 | -860 | -860 |
Other Financing Activities | 42 | 57 | -28 | -2 | -13 | -2 | -5 | -28 | -174 | -5 | -10 | -33 | -384 | -16 | -5 | -27 | -481 | -3 | -1 | -26 |
Financing Cash Flow | -1,328 | -2,194 | -1,428 | 1,794 | -2,313 | -1,847 | -2,236 | 899 | -3,666 | -349 | -1,603 | -3,586 | 4 | -3,710 | -2,189 | -3,316 | -1,970 | -967 | -1,818 | -2,093 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -37 | 16 | -28 | 173 | 40 | -154 | 77 | -24 | -48 | 37 | -61 | 17 | 40 | -1 | -71 | -43 | 15 | -18 | -19 | 15 |
Net Cash Flow | -85 | -877 | 570 | 1,392 | -1,310 | 257 | -464 | 1,945 | 1,168 | -1,105 | -501 | -1,378 | 588 | -5,443 | -690 | -473 | 1,953 | 43 | 604 | 1,877 |
Free Cash Flow | 1,193 | 2,586 | 1,512 | -775 | 1,442 | 2,217 | 655 | 1,060 | 2,281 | 362 | 944 | 2,026 | 1,748 | 841 | 1,589 | 2,973 | 3,932 | 1,622 | 2,407 | 3,087 |
Free Cash Flow Growth | -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% | - | 10.31% | 36.29% |
FCF Margin | 5.63% | 10.56% | 7.06% | -3.65% | 6.69% | 8.76% | 2.94% | 4.86% | 10.51% | 1.45% | 4.48% | 9.19% | 7.62% | 3.11% | 6.58% | 12.00% | 16.13% | 5.84% | 10.38% | 13.18% |
Free Cash Flow Per Share | 1.40 | 3.03 | 1.78 | -0.91 | 1.70 | 2.58 | 0.77 | 1.24 | 2.66 | 0.42 | 1.10 | 2.35 | 2.02 | 0.97 | 1.82 | 3.39 | 4.47 | 1.85 | 2.74 | 3.52 |
Levered Free Cash Flow | -232 | 2,189 | 1,520 | 3,179 | 281 | 2,564 | 1,502 | 3,019 | -1,769 | 2,293 | 878 | -570 | 2,817 | 1,307 | 2,745 | 1,633 | 1,937 | 2,921 | 1,879 | 1,229 |
Unlevered Free Cash Flow | -76.08 | 3,266 | 1,764 | 204.51 | 399.45 | 3,753 | 1,998 | 872.54 | 484.8 | 1,679 | 515.66 | 1,007 | 393.28 | 1,504 | 2,641 | 2,595 | 1,844 | 3,026 | 2,316 | 2,360 |
Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.