United Parcel Service (UPS) Free Cash Flow (2009 - 2026)
United Parcel Service's Free Cash Flow was $2.41 billion in Q3 2026, up 59.1% from $1.51 billion a year earlier.
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Analysis
United Parcel Service (UPS) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Parcel Service's Free Cash Flow was $6.35 billion through Sep 30, 2026, up 44.5% year-over-year; for FY2025, it came in at $4.77 billion, down 23.3% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of -1.1% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $6.21 billion in FY2024 (+22.3%), $5.08 billion in FY2023 (-45.6%), $9.34 billion in FY2022 (-13.7%) and $10.81 billion in FY2021 (+114.2%).
- Quarterly Free Cash Flow has moved between -$775 million (Q2 2025) and $3.93 billion (Q1 2022) over five years.
- Compared with a year earlier, Free Cash Flow was higher in four of the last six quarters, with growth averaging 110.8%.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2024 (growth of 512.4%); the worst was Q4 2023 (a decline of 57.0%).
- Per Business Quant data, UPS's Free Cash Flow in the three quarters before Q3 2026 was $166 million (Q2 2026), $1.19 billion (Q1 2026) and $2.59 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.50 Bn | 168.74 Bn | - | 1.76 Bn |
| 2 | United Parcel Service | 94.38 Bn | 71.20 Bn | - | 2.41 Bn |
| 3 | Csx | 93.38 Bn | 88.60 Bn | - | 1.02 Bn |
| 4 | Canadian Pacific Kansas City | 83.29 Bn | 82.32 Bn | - | 669.34 Mn |
| 5 | Fedex | 75.61 Bn | 41.81 Bn | - | 1.79 Bn |
| 6 | Norfolk Southern | 73.28 Bn | 67.74 Bn | - | 736.00 Mn |
| 7 | Delta Air Lines | 59.96 Bn | 42.14 Bn | - | 300.00 Mn |
| 8 | United Airlines Holdings | 39.09 Bn | -18.60 Bn | - | -1.67 Bn |
| 9 | Old Dominion Freight Line | 35.40 Bn | 34.24 Bn | - | 402.43 Mn |
| 10 | Ryanair Holdings | 32.52 Bn | 16.79 Bn | - | 349.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.41 Bn |
| Jun 30, 2026 | 166.00 Mn |
| Mar 31, 2026 | 1.19 Bn |
| Dec 31, 2025 | 2.59 Bn |
| Sep 30, 2025 | 1.51 Bn |
| Jun 30, 2025 | -775.00 Mn |
| Mar 31, 2025 | 1.44 Bn |
| Dec 31, 2024 | 2.22 Bn |
| Sep 30, 2024 | 655.00 Mn |
| Jun 30, 2024 | 1.06 Bn |
| Mar 31, 2024 | 2.28 Bn |
| Dec 31, 2023 | 362.00 Mn |
| Sep 30, 2023 | 944.00 Mn |
| Jun 30, 2023 | 2.03 Bn |
| Mar 31, 2023 | 1.75 Bn |
| Dec 31, 2022 | 841.00 Mn |
| Sep 30, 2022 | 1.59 Bn |
| Jun 30, 2022 | 2.97 Bn |
| Mar 31, 2022 | 3.93 Bn |
| Dec 31, 2021 | 1.62 Bn |
API Access
United Parcel Service Free Cash Flow 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=free-cash-flow&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "UPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();