United Parcel Service Inc (UPS) Net Margin (2009 - 2026)
United Parcel Service's Net Margin came in at 2.65% for Q2 2026, down 3.40 percentage points from 6.05% a year earlier and down 1.43 percentage points from the prior quarter.
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Analysis
United Parcel Service Inc (UPS) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, United Parcel Service reported Net Margin of 5.08%, down 1.26 percentage points year-over-year; for FY2025, it was 6.28%, down 0.06 percentage points from FY2024.
- Net Margin has declined in each of the last four years, though with a five-year change of +4.70 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 6.35% in FY2024 (-1.03 pp), 7.37% in FY2023 (-4.13 pp), 11.51% in FY2022 (-1.74 pp) and 13.25% in FY2021 (+11.66 pp).
- The Q2 2026 figure represents the lowest quarterly Net Margin since Q4 2020.
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -0.40 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2021 (a gain of 24.58 percentage points), and the weakest in Q1 2022 (a drop of 10.00 percentage points).
- Business Quant data shows UPS's Net Margin at 4.08% (Q1 2026), 7.32% (Q4 2025) and 6.12% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
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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% |
API Access
United Parcel Service Inc Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "UPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();