United Parcel Service (UPS) Net Margin (2009 - 2026)
United Parcel Service (UPS) posted quarterly Net Margin of 4.08% for Q1 2026, down 143.0% year-over-year from 9.48% in Q1 2025, and down 44.3% quarter-over-quarter from 7.32% in Q4 2025.
United Parcel Service (UPS) Net Margin (2009 - 2026) Analysis & Trends
United Parcel Service (UPS) has reported Net Margin for 18 consecutive years, with 4.08% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 143.0% year-over-year to 4.08%; the TTM figure through Mar 2026 stood at 5.94% (down 50.0% YoY), while the FY2025 annual figure was 6.28%, down 6.0% from the prior year.
- Net Margin eased to 4.08% in Q1 2026 per UPS's latest filing, from 7.32% in the prior quarter.
- Across five years, Net Margin topped out at 12.77% in Q4 2022 and bottomed at 4.08% in Q1 2026.
- Historically, Net Margin has averaged 7.63% across 5 years, with a median of 6.8% in 2024.
- On a YoY basis, Net Margin climbed as much as 164 bps in 2022 and fell as far as 1000 bps in 2022.
- United Parcel Service's Net Margin stood at 12.77% in 2022, then slumped by 50 bps to 6.44% in 2023, then increased by 6 bps to 6.8% in 2024, then grew by 8 bps to 7.32% in 2025, then plunged by 44 bps to 4.08% in 2026.
- Business Quant data shows UPS's Net Margin at 4.08% in Q1 2026, 7.32% in Q4 2025, and 6.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.12 Bn | 82.46 Bn | 19.65 Bn | 2.65% |
| 2 | Fedex | 77.54 Bn | 64.23 Bn | 18.84 Bn | 6.39% |
| 3 | Hunt J B Transport Services | 25.96 Bn | 25.96 Bn | - | 5.18% |
| 4 | Expeditors International Of Washington | 24.69 Bn | 23.66 Bn | 1.09 Bn | 7.63% |
| 5 | ZTO Express (Cayman) | 17.15 Bn | 12.74 Bn | 469.01 Mn | 15.95% |
| 6 | C. H. Robinson Worldwide | 17.00 Bn | 16.85 Bn | 1.11 Bn | 3.79% |
| 7 | Landstar System | 6.25 Bn | 5.90 Bn | 308.86 Mn | 3.42% |
| 8 | GXO Logistics | 5.23 Bn | 4.46 Bn | 508.00 Mn | 0.78% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 11.05% |
| 10 | Cryoport | 840.88 Mn | 444.19 Mn | 22.82 Mn | -20.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |