United Parcel Service (UPS) Cost of Revenue (2009 - 2026)

United Parcel Service (UPS) has reported Cost of Revenue for 18 consecutive years, with $2.1 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 3.87% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $9.4 billion (down 14.64% YoY), while the FY2025 annual figure was $10.6 billion, up 34.23% from the prior year.
• Cost of Revenue declined to $2.1 billion in Q1 2026 per UPS's latest filing, from $2.9 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $4.2 billion in Q3 2022 and bottomed at -$5.3 billion in Q4 2022.
• Historically, Cost of Revenue has averaged $2.2 billion across 5 years, with a median of $2.3 billion in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue plunged 138.29% — and 2023, when it soared 172.56%.
• United Parcel Service's Cost of Revenue stood at -$5.3 billion in 2022, then jumped by 172.56% to $3.8 billion in 2023, then tumbled by 38.8% to $2.3 billion in 2024, then rose by 23.09% to $2.9 billion in 2025, then retreated by 27.18% to $2.1 billion in 2026.
• Business Quant data shows UPS's Cost of Revenue at $2.1 billion in Q1 2026, $2.9 billion in Q4 2025, and $2.5 billion in Q3 2025.