United Parcel Service (UPS) Operating Expenses (2009 - 2026)

United Parcel Service (UPS) has reported Operating Expenses for 18 consecutive years, with $21.9 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 12.91% year-over-year to $21.9 billion in Q2 2026; TTM through Jun 2026 was $83.4 billion, a 1.76% increase from a year earlier, with the FY2025 full-year figure at $80.8 billion, down 2.19% from the prior year.
• Operating Expenses was $21.9 billion for Q2 2026 at United Parcel Service, up from $19.9 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $23.8 billion in Q4 2022 and troughed at $19.3 billion in Q2 2023.
• A 5-year average of $20.8 billion and a median of $20.3 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses declined 9.21% in 2023 and grew 12.91% in 2026, its largest moves.
• Over 5 years, Operating Expenses stood at $23.8 billion in 2022, then decreased by 5.86% to $22.4 billion in 2023, then retreated by 0.29% to $22.4 billion in 2024, then decreased by 2.11% to $21.9 billion in 2025, then changed by 0.0% to $21.9 billion in 2026.
• The last three Operating Expenses figures came in at $21.9 billion (Q2 2026), $19.9 billion (Q1 2026), and $21.9 billion (Q4 2025), per Business Quant data.