United Parcel Service UPS
NYSE UPS
$100.16 +0.94 (+0.95%)
As of: Sep 10, 2026 · 12:56 PM EDT

United Parcel Service (UPS) Net Margin (2009 - 2026)

United Parcel Service's (UPS) quarterly Net Margin came in at 2.65% in Q2 2026, down 340.0% year-over-year from 1.1% in Q2 2025, and down 35.09% quarter-over-quarter from 4.08% in Q1 2026.

Analysis

United Parcel Service (UPS) Net Margin (2009 - 2026) Analysis & Trends

United Parcel Service (UPS) has reported Net Margin for 18 consecutive years, with 2.65% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Margin fell 340.0% year-over-year to 2.65% in Q2 2026; TTM through Jun 2026 was 5.08%, a 126.0% decrease from a year earlier, with the FY2025 full-year figure at 6.28%, down 6.0% from the prior year.
  • Net Margin was 2.65% for Q2 2026 at United Parcel Service, down from 4.08% in the prior quarter.
  • Over five years, Net Margin peaked at 12.77% in Q4 2022 and troughed at 2.65% in Q2 2026.
  • A 5-year average of 7.36% and a median of 6.63% in 2024 frame the typical range for Net Margin.
  • The widest YoY moves for Net Margin: up 164 bps in 2022, down 1000 bps in 2022.
  • Over 5 years, Net Margin stood at 12.77% in 2022, then slumped by 50 bps to 6.44% in 2023, then climbed by 6 bps to 6.8% in 2024, then advanced by 8 bps to 7.32% in 2025, then slumped by 64 bps to 2.65% in 2026.
  • The last three Net Margin figures came in at 2.65% (Q2 2026), 4.08% (Q1 2026), and 7.32% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 United Parcel Service 85.19 Bn 80.53 Bn 19.65 Bn 2.65%
2 Fedex 73.85 Bn 60.54 Bn 18.84 Bn 6.39%
3 ZTO Express (Cayman) 16.59 Bn 11.99 Bn 550.21 Mn 20.97%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 2.65%
Mar 31, 2026 4.08%
Dec 31, 2025 7.32%
Sep 30, 2025 6.12%
Jun 30, 2025 6.05%
Mar 31, 2025 5.51%
Dec 31, 2024 6.80%
Sep 30, 2024 6.92%
Jun 30, 2024 6.46%
Mar 31, 2024 5.13%
Dec 31, 2023 6.44%
Sep 30, 2023 5.35%
Jun 30, 2023 9.44%
Mar 31, 2023 8.27%
Dec 31, 2022 12.77%
Sep 30, 2022 10.69%
Jun 30, 2022 11.50%
Mar 31, 2022 10.92%
Dec 31, 2021 11.14%
Sep 30, 2021 10.05%