United Parcel Service (UPS) Operating Income (2009 - 2026)
United Parcel Service's Operating Income was $1.74 billion in Q3 2026, down 3.3% from $1.8 billion a year earlier but up 87.5% 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 $6.52 billion through Sep 30, 2026, down 20.7% 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%).
- Quarterly Operating Income has moved between $930 million (Q2 2026) and $3.89 billion (Q4 2021) over five years.
- Compared with a year earlier, Operating Income has declined for six straight quarters, with an average decline of 10.3% 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 Q3 2026 was $930 million (Q2 2026), $1.27 billion (Q1 2026) and $2.58 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.50 Bn | 168.74 Bn | - | 2.94 Bn |
| 2 | United Parcel Service | 94.38 Bn | 71.20 Bn | - | 1.74 Bn |
| 3 | Csx | 93.38 Bn | 88.60 Bn | - | 1.57 Bn |
| 4 | Canadian Pacific Kansas City | 83.29 Bn | 82.32 Bn | - | 1.06 Bn |
| 5 | Fedex | 75.61 Bn | 41.81 Bn | - | 1.55 Bn |
| 6 | Norfolk Southern | 73.28 Bn | 67.74 Bn | - | 1.15 Bn |
| 7 | Delta Air Lines | 59.96 Bn | 42.14 Bn | - | 1.45 Bn |
| 8 | United Airlines Holdings | 39.09 Bn | -18.60 Bn | - | 1.45 Bn |
| 9 | Old Dominion Freight Line | 35.40 Bn | 34.24 Bn | - | 452.65 Mn |
| 10 | Ryanair Holdings | 32.52 Bn | 16.79 Bn | - | 2.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.74 Bn |
| 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 |
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();