United Parcel Service (UPS) Operating Leases (2019 - 2026)
United Parcel Service (UPS) recorded Operating Leases of $3.49 billion in Q3 2026, down 5.4% from $3.69 billion a year earlier but up 0.8% from the prior quarter.
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Analysis
United Parcel Service (UPS) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, United Parcel Service reported Operating Leases of $3.7 billion, up 1.8% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of 7.8% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $3.64 billion in FY2024 (-3.2%), $3.76 billion in FY2023 (+16.0%), $3.24 billion in FY2022 (+6.8%) and $3.03 billion in FY2021 (+19.4%).
- Quarterly Operating Leases has ranged from $2.96 billion in Q3 2022 to $3.76 billion in Q4 2023 over the past five years.
- On a year-over-year basis, Operating Leases rose in four of the last eight quarters, with an average decline of 1.5%.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 24.2% in Q2 2023, against a decline of 5.4% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.46 billion (Q2 2026), $3.53 billion (Q1 2026) and $3.7 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.49 Bn |
| Jun 30, 2026 | 3.46 Bn |
| Mar 31, 2026 | 3.53 Bn |
| Dec 31, 2025 | 3.70 Bn |
| Sep 30, 2025 | 3.69 Bn |
| Jun 30, 2025 | 3.45 Bn |
| Mar 31, 2025 | 3.51 Bn |
| Dec 31, 2024 | 3.64 Bn |
| Sep 30, 2024 | 3.61 Bn |
| Jun 30, 2024 | 3.56 Bn |
| Mar 31, 2024 | 3.69 Bn |
| Dec 31, 2023 | 3.76 Bn |
| Sep 30, 2023 | 3.65 Bn |
| Jun 30, 2023 | 3.68 Bn |
| Mar 31, 2023 | 3.54 Bn |
| Dec 31, 2022 | 3.24 Bn |
| Sep 30, 2022 | 2.96 Bn |
| Jun 30, 2022 | 2.96 Bn |
| Mar 31, 2022 | 2.97 Bn |
| Dec 31, 2021 | 3.03 Bn |
API Access
United Parcel Service Operating Leases 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-leases&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();