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
Download Data
Historic 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% |