United Parcel Service, Inc. (UPS) — Financial statements
Income statement, balance sheet, and cash flow for United Parcel Service, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 88,635↓2.5% | 90,894↑0.2% | 90,745↓9.3% | 100,034↑2.9% | 97,204 | |
| Cost of Revenue | 72,211↓2.2% | 73,836↑1.1% | 73,039↓8.6% | 79,954↑0.2% | 79,772 | |
| Gross Profit | 16,424↓3.7% | 17,058↓3.7% | 17,706↓11.8% | 20,080↑15.2% | 17,432 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 8,322↓4.2% | 8,684↑4.2% | 8,335↑17.2% | 7,112↑64.4% | 4,325 | |
| Other Expenses | -371↓19.3% | -311 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 7,951↓5.0% | 8,373↑0.5% | 8,335↑17.2% | 7,112↑64.4% | 4,325 | |
| Total Costs & Expenses | 80,162↓2.5% | 82,209↑1.0% | 81,374↓6.5% | 87,066↑3.5% | 84,097 | |
| Operating Results | ||||||
| Operating Income | 8,473↓2.4% | 8,685↓7.3% | 9,371↓27.7% | 12,968↓1.1% | 13,107 | |
| Depreciation & Amortization | 3,746↑3.8% | 3,609↑7.2% | 3,366↑5.6% | 3,188↑8.0% | 2,953 | |
| EBITDA | 12,219↑2.6% | 11,912↓6.3% | 12,714↓32.0% | 18,707↓7.5% | 20,231 | |
| EBIT | 8,473↑2.0% | 8,303↓11.2% | 9,348↓39.8% | 15,519↓10.2% | 17,278 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,011↓17.4% | -861↓11.1% | -775↓11.7% | -694↓1.6% | -683 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 1,011↑17.4% | 861↑11.1% | 775↑11.7% | 694↑1.6% | 683 | |
| Non-Operating Income | 0.00↓100.0% | 382↑1560.9% | 23↑100.9% | -2,551↑38.8% | -4,171 | |
| Other Income / Expenses | -1,309↓5.3% | -1,243↓55.8% | -798↓143.0% | 1,857↓46.8% | 3,488 | |
| Income Before Tax | 7,164↓3.7% | 7,442↓13.2% | 8,573↓42.2% | 14,825↓10.7% | 16,595 | |
| Income Tax Expense | 1,592↓4.1% | 1,660↓11.0% | 1,865↓43.1% | 3,277↓11.6% | 3,705 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,572↓3.6% | 5,782↓13.8% | 6,708↓41.9% | 11,548↓10.4% | 12,890 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,572↓3.6% | 5,782↓13.8% | 6,708↓41.9% | 11,548↓10.4% | 12,890 | |
| Bottom-Line Net Income | 5,572↓3.6% | 5,782↓13.8% | 6,708↓41.9% | 11,548↓10.4% | 12,890 | |
| EPS (Basic) | 6.56↓3.0% | 6.76↓13.4% | 7.81↓41.1% | 13.26↓10.1% | 14.75 | |
| EPS (Diluted) | 6.56↓3.0% | 6.76↓13.3% | 7.80↓40.9% | 13.20↓10.1% | 14.68 | |
| Weighted Average Shares | 849↓0.7% | 855↓0.5% | 859↓1.4% | 871↓0.3% | 874 | |
| Weighted Average Diluted Shares | 850↓0.7% | 856↓0.5% | 860↓1.3% | 871↓0.8% | 878 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.