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United Parcel Service (UPS) Operating Expenses (2016 - 2025)

United Parcel Service (UPS) has disclosed Operating Expenses for 17 consecutive years, with $21.9 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 2.11% to $21.9 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $80.8 billion through Dec 2025, down 2.19% year-over-year, with the annual reading at $80.8 billion for FY2025, 2.19% down from the prior year.
  • Operating Expenses for Q4 2025 was $21.9 billion at United Parcel Service, up from $19.6 billion in the prior quarter.
  • The five-year high for Operating Expenses was $23.9 billion in Q4 2021, with the low at $19.3 billion in Q2 2023.
  • Average Operating Expenses over 5 years is $20.8 billion, with a median of $20.3 billion recorded in 2021.
  • The sharpest move saw Operating Expenses increased 18.75% in 2021, then dropped 9.21% in 2023.
  • Over 5 years, Operating Expenses stood at $23.9 billion in 2021, then fell by 0.18% to $23.8 billion in 2022, then decreased by 5.86% to $22.4 billion in 2023, then dropped by 0.29% to $22.4 billion in 2024, then decreased by 2.11% to $21.9 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $21.9 billion, $19.6 billion, and $19.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.