United Parcel Service (UPS) Operating Income (2009 - 2026)
United Parcel Service's Operating Income was $930 million in Q2 2026, down 49.0% from $1.82 billion a year earlier and down 26.6% from the prior quarter.
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Analysis
United Parcel Service (UPS) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Parcel Service's Operating Income was $6.58 billion through Jun 30, 2026, down 21.7% year-over-year; for FY2025, it came in at $7.87 billion, down 7.1% from FY2024.
- Operating Income has now declined for three consecutive years, though with a five-year compound annual growth rate of 0.5% (FY2020 to FY2025).
- In earlier years, Operating Income was $8.47 billion in FY2024 (-7.4%), $9.14 billion in FY2023 (-30.2%), $13.09 billion in FY2022 (+2.2%) and $12.81 billion in FY2021 (+66.7%).
- The Q2 2026 figure marks the lowest quarterly Operating Income since Q4 2016.
- Compared with a year earlier, Operating Income has declined for five straight quarters, with an average decline of 3.9% over the last eight quarters.
- The best year-over-year quarter for Operating Income over five years was Q4 2021 (growth of 91.0%); the worst was Q3 2023 (a decline of 56.9%).
- Per Business Quant data, UPS's Operating Income in the three quarters before Q2 2026 was $1.27 billion (Q1 2026), $2.58 billion (Q4 2025) and $1.8 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 2.76 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 1.51 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 1.06 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 930.00 Mn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 1.12 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 1.55 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 1.86 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 465.30 Mn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 668.82 Mn |
| 10 | Copart | 25.20 Bn | 8.75 Bn | 732.88 Mn | 464.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 930.00 Mn |
| Mar 31, 2026 | 1.27 Bn |
| Dec 31, 2025 | 2.58 Bn |
| Sep 30, 2025 | 1.80 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Mar 31, 2025 | 1.67 Bn |
| Dec 31, 2024 | 2.93 Bn |
| Sep 30, 2024 | 1.99 Bn |
| Jun 30, 2024 | 1.94 Bn |
| Mar 31, 2024 | 1.61 Bn |
| Dec 31, 2023 | 2.48 Bn |
| Sep 30, 2023 | 1.34 Bn |
| Jun 30, 2023 | 2.78 Bn |
| Mar 31, 2023 | 2.54 Bn |
| Dec 31, 2022 | 3.20 Bn |
| Sep 30, 2022 | 3.11 Bn |
| Jun 30, 2022 | 3.54 Bn |
| Mar 31, 2022 | 3.25 Bn |
| Dec 31, 2021 | 3.89 Bn |
| Sep 30, 2021 | 2.90 Bn |
API Access
United Parcel Service Operating Income 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=operating-income&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();