United Parcel Service (UPS) Operating Leases (2019 - 2026)
United Parcel Service's (UPS) quarterly Operating Leases came in at $3.5 billion in Q2 2026, down 17.01% year-over-year from $4.2 billion in Q2 2025, and down 2.09% quarter-over-quarter from $3.5 billion in Q1 2026.
Analysis
United Parcel Service (UPS) Operating Leases (2019 - 2026) Analysis & Trends
United Parcel Service (UPS) has reported Operating Leases for 8 consecutive years, with $3.5 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Leases fell 17.01% year-over-year to $3.5 billion in Q2 2026; TTM through Jun 2026 was $3.5 billion, a 17.01% decrease from a year earlier, with the FY2025 full-year figure at $3.7 billion, down 15.29% from the prior year.
- Operating Leases was $3.5 billion for Q2 2026 at United Parcel Service, down from $3.5 billion in the prior quarter.
- Over five years, Operating Leases peaked at $4.5 billion in Q4 2023 and troughed at $3.5 billion in Q2 2026.
- A 5-year average of $4.0 billion and a median of $4.2 billion in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases climbed 23.52% in 2023 and fell 17.01% in 2026, its largest moves.
- Over 5 years, Operating Leases stood at $3.9 billion in 2022, then climbed by 15.7% to $4.5 billion in 2023, then retreated by 2.17% to $4.4 billion in 2024, then fell by 15.29% to $3.7 billion in 2025, then decreased by 6.49% to $3.5 billion in 2026.
- The last three Operating Leases figures came in at $3.5 billion (Q2 2026), $3.5 billion (Q1 2026), and $3.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 84.59 Bn | 79.94 Bn | 19.65 Bn |
| 2 | Fedex | 73.62 Bn | 60.31 Bn | 18.84 Bn |
| 3 | ZTO Express (Cayman) | 16.53 Bn | 11.93 Bn | 550.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.46 Bn |
| Mar 31, 2026 | 3.53 Bn |
| Dec 31, 2025 | 3.70 Bn |
| Sep 30, 2025 | 4.43 Bn |
| Jun 30, 2025 | 4.17 Bn |
| Mar 31, 2025 | 4.23 Bn |
| Dec 31, 2024 | 4.37 Bn |
| Sep 30, 2024 | 4.31 Bn |
| Jun 30, 2024 | 4.24 Bn |
| Mar 31, 2024 | 4.38 Bn |
| Dec 31, 2023 | 4.47 Bn |
| Sep 30, 2023 | 4.32 Bn |
| Jun 30, 2023 | 4.35 Bn |
| Mar 31, 2023 | 4.21 Bn |
| Dec 31, 2022 | 3.86 Bn |
| Sep 30, 2022 | 3.52 Bn |
| Jun 30, 2022 | 3.52 Bn |
| Mar 31, 2022 | 3.55 Bn |
| Dec 31, 2021 | 3.61 Bn |
| Sep 30, 2021 | 3.49 Bn |