United Parcel Service UPS
NYSE UPS
$108.29 -2.76 (-2.49%)
At close: Nov 6, 2026 · 4:00 PM EST

United Parcel Service (UPS) Cost of Revenue (2018 - 2021)

Updated

United Parcel Service (UPS) reported Cost of Revenue of $4.86 billion for Q1 2021, up 39.2% from $3.49 billion a year earlier but down 15.0% from the prior quarter.

Analysis

United Parcel Service (UPS) Cost of Revenue (2018 - 2021) Analysis & Trends

Over the twelve months ended Mar 31, 2021, United Parcel Service's Cost of Revenue came in at $19.36 billion, up 33.3% year-over-year; for FY2020, it came in at $18 billion, up 24.7% from FY2019.

  • Cost of Revenue has a four-year compound annual growth rate of 12.1% (FY2016 to FY2020).
  • By year, Cost of Revenue came in at $14.43 billion in FY2019 (-4.7%), $15.14 billion in FY2018 (+13.9%), $13.3 billion in FY2017 (+16.7%) and $11.39 billion in FY2016.
  • Five-year quarterly Cost of Revenue spans a low of $3.4 billion in Q1 2019 and a high of $5.72 billion in Q4 2020.
  • Year over year, Cost of Revenue has now increased in each of the last five quarters, with growth averaging 15.1% over the last eight quarters.
  • The high point for year-over-year Cost of Revenue in five years was Q4 2020 (growth of 40.0%); the low point was Q3 2019 (a decline of 5.0%).
  • Per Business Quant data, the three quarters before Q1 2021 came in at $5.72 billion (Q4 2020), $4.51 billion (Q3 2020) and $4.27 billion (Q2 2020).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Union Pacific 172.47 Bn 164.72 Bn - -
2 United Parcel Service 92.24 Bn 69.07 Bn - -
3 Csx 90.81 Bn 86.03 Bn - -
4 Canadian Pacific Kansas City 81.61 Bn 80.64 Bn - -
5 Fedex 72.98 Bn 39.17 Bn - -
6 Norfolk Southern 71.87 Bn 66.34 Bn - -
7 Delta Air Lines 57.23 Bn 39.41 Bn - -
8 United Airlines Holdings 36.65 Bn -21.05 Bn - -
9 Old Dominion Freight Line 34.12 Bn 32.96 Bn - -
10 Ryanair Holdings 31.32 Bn 15.58 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2021 4.86 Bn
Dec 31, 2020 5.72 Bn
Sep 30, 2020 4.51 Bn
Jun 30, 2020 4.27 Bn
Mar 31, 2020 3.49 Bn
Dec 31, 2019 4.09 Bn
Sep 30, 2019 3.47 Bn
Jun 30, 2019 3.47 Bn
Mar 31, 2019 3.40 Bn
Dec 31, 2018 4.28 Bn
Sep 30, 2018 3.65 Bn
Jun 30, 2018 3.63 Bn
Mar 31, 2018 3.58 Bn
API Access

United Parcel Service Cost of Revenue API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=UPS&period=max&api_key=YOUR_API_KEY