UPS
Runs integrated ground, air, and supply-chain logistics across domestic and international markets.
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Profile
Delivers time-definite ground and air packages in the United States and internationally, while Supply Chain Solutions earns fees from forwarding, contract logistics, healthcare distribution, brokerage, returns, and insurance. Most revenue comes from U.S. package delivery, which runs on a shared network with substantial union labor and regulatory exposure.
Moves time-definite letters, packages, and palletized freight through one global air-and-ground network. U.S. Domestic Package covers day-definite ground and express air services, while International Package provides time-definite and deferred cross-border delivery with customs clearance across more than 200 countries and territories.
Supply Chain Solutions adds air and ocean forwarding, contract logistics and distribution, healthcare cold-chain services, Roadie same-day delivery, Happy Returns, and shipment insurance. Routing most packages through shared infrastructure lets pickups span service levels and links logistics facilities to air and ground hubs.
Most revenue comes from U.S. package delivery. Shipment volumes, network utilization, fuel and purchased transportation costs, trade and customs rules, aviation and road regulation, and customer mix shape results; most U.S. employees are union represented.
Company facts
Categories
Key statistics
Year to date +4.3% · Average volume (30d) 5.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 29, 2026 | BMO Capital | Reiterate | Market Perform | $110 | $115 |
| Jul 29, 2026 | Oppenheimer | Reiterate | Outperform | $115 | $117 |
| Jul 29, 2026 | Susquehanna | Reiterate | Neutral | $118 | $120 |
| Jul 29, 2026 | Stifel Nicolaus | Target | $114 | $115 | |
| Jul 29, 2026 | Stephens | Target | $115 | $130 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.65 | $1.76 | +6.7% | $21.86B | $22.80B | +4.3% | −0.92% |
| Apr 28, 2026Q1 FY26 | $1.02 | $1.07 | +4.9% | $20.99B | $21.20B | +1.0% | +2.57% |
| Jan 27, 2026Q4 FY25 | $2.20 | $2.38 | +8.2% | $24.01B | $24.50B | +2.0% | −3.26% |
| Oct 28, 2025Q3 FY25 | $1.29 | $1.74 | +34.9% | $20.84B | $21.42B | +2.8% | +1.08% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $21.55B | $21.22B | $21.42B | $24.48B | $21.20B | $22.83B | |
| Gross profit | $3.68B | $3.78B | $3.49B | $5.08B | $3.36B | $3.03B | |
| Operating income | $1.67B | $1.82B | $1.80B | $2.58B | $1.27B | $930.0M | |
| Net income | $1.19B | $1.28B | $1.31B | $1.79B | $864.0M | $604.0M | |
| Diluted EPS | $1.40 | $1.51 | $1.55 | $2.10 | $1.02 | $0.71 | |
| Gross margin | 17.1% | 17.8% | 16.3% | 20.8% | 15.8% | 13.3% | |
| Operating margin | 7.7% | 8.6% | 8.4% | 10.5% | 6.0% | 4.1% |
Fiscal years (4-quarter sums)FY21 $97.20B · FY22 $100.03B · FY23 $90.75B · FY24 $90.89B · FY25 $88.66B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $4.65B · Total debt $28.67B · Total assets $71.27B · Shareholders' equity $15.07B
Dividends
Raised for 25 straight years — most recently to $1.64 from $1.63 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 3 | $1.64 | |
| May 18, 2026 | May 18 | Jun 4 | $1.64 | |
| Feb 17, 2026 | Feb 17 | Mar 5 | $1.64 | |
| Nov 17, 2025 | Nov 17 | Dec 4 | $1.64 | |
| Aug 18, 2025 | Aug 18 | Sep 4 | $1.64 | |
| May 19, 2025 | May 19 | Jun 5 | $1.64 | |
| Feb 18, 2025 | Feb 18 | Mar 6 | $1.64 | raised from $1.63 |
| Nov 18, 2024 | Nov 18 | Dec 5 | $1.63 |
Ownership
Shares outstanding 849.50M · Float 746.43M · 87.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 54.93M | 6.47% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 48.74M | 5.74% | 13F | Aug 13, 2026 |
| State Street Corp | 33.86M | 3.99% | 13F | Aug 7, 2026 |
| FMR LLC | 32.85M | 3.87% | 13F | Aug 13, 2026 |
| Charles Schwab Investment Management Inc | 24.70M | 2.91% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 28, 2026 | Norman M. Jr Brothers | officer: Chief Legal & Compliance Off | −25,014 | $106.15 |
Peers
- FedEx
Direct rival across US ground, air express, international, and LTL freight.
- Amazon
Built a parallel U.S. parcel network handling 28% of domestic volume by 2024.
- XPO
North America's largest LTL carrier, occupying the freight lanes UPS exited.
- GXO Logistics
Pure-play contract logistics rival in warehousing, e-commerce, and healthcare.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UPS | $105.33 | +0.01% | $89.47B | 19.6 | 13.6 | 1.0 | +7.4% |
| FedEx | $335.25 | +1.34% | $78.28B | 18.0 | 19.0 | 0.8 | +12.6% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| XPO | $188.56 | +0.01% | $22.08B | 55.6 | 32.1 | 2.6 | +13.2% |
| GXO Logistics | $47.60 | +0.04% | $5.48B | 42.0 | 14.4 | 0.4 | +4.3% |
| Median | 31.7 | 23.7 | 1.7 | +12.9% |