KPIs & Operating Metrics(New)
Growth Metrics

United Parcel Service (UPS) Gross Margin (2016 - 2026)

United Parcel Service has reported Gross Margin over the past 17 years, most recently at 105.47% for Q4 2025.

  • Quarterly Gross Margin rose 2378.0% to 105.47% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 96.9% through Dec 2025, up 809.0% year-over-year, with the annual reading at 95.13% for FY2025, 379.0% up from the prior year.
  • Gross Margin was 105.47% for Q4 2025 at United Parcel Service, up from 95.0% in the prior quarter.
  • Over five years, Gross Margin peaked at 120.27% in Q4 2023 and troughed at 79.99% in Q3 2021.
  • The 5-year median for Gross Margin is 92.41% (2024), against an average of 93.73%.
  • Year-over-year, Gross Margin surged 2911bps in 2023 and then plummeted -3859bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 95.77% in 2021, then dropped by -5bps to 91.16% in 2022, then soared by 32bps to 120.27% in 2023, then plummeted by -32bps to 81.68% in 2024, then increased by 29bps to 105.47% in 2025.
  • Per Business Quant, the three most recent readings for UPS's Gross Margin are 105.47% (Q4 2025), 95.0% (Q3 2025), and 90.77% (Q2 2025).