United Parcel Service (UPS) Net Margin (2009 - 2026)
United Parcel Service (UPS) reported 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 18 years of Net Margin data on file, last reported at 4.08% in Q1 2026.
- Net Margin for Q1 2026 came in at 4.08%, down 143.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.94% (down 50.0% YoY), and the FY2025 annual result was 6.28%, down 6.0% from the prior year.
- Net Margin fell to 4.08% in Q1 2026 per UPS's latest filing, from 7.32% in the prior quarter.
- Over five years, Net Margin peaked at 12.77% in Q4 2022 and troughed at 4.08% in Q1 2026.
- A 5-year average of 7.63% and a median of 6.8% in 2024 frame the typical range for Net Margin.
- On a YoY basis, Net Margin climbed as much as 164 bps in 2022 and fell as far as 995 bps in 2022.
- A 5-year view of Net Margin shows it stood at 12.77% in 2022, then sank by 50 bps to 6.44% in 2023, then grew by 6 bps to 6.8% in 2024, then climbed by 8 bps to 7.32% in 2025, then tumbled 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 4.08% |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 4.40% |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 4.63% |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 3.67% |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -12.71% |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 3.37% |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 0.15% |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 15.95% |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 12.18% |
| 10 | Cryoport | 783.40 Mn | 379.76 Mn | 21.91 Mn | -26.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 11.35% |