United Parcel Service (UPS) Operating Leases (2019 - 2026)
United Parcel Service (UPS) posted quarterly Operating Leases of $3.5 billion for Q1 2026, down 16.36% year-over-year from $4.2 billion in Q1 2025, and down 4.49% quarter-over-quarter from $3.7 billion in Q4 2025.
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 Q1 2026.
- In Q1 2026, Operating Leases fell 16.36% year-over-year to $3.5 billion; the TTM figure through Mar 2026 stood at $3.5 billion (down 16.36% YoY), while the FY2025 annual figure was $3.7 billion, down 15.29% from the prior year.
- Operating Leases eased to $3.5 billion in Q1 2026 per UPS's latest filing, from $3.7 billion in the prior quarter.
- Across five years, Operating Leases topped out at $4.5 billion in Q4 2023 and bottomed at $3.0 billion in Q3 2022.
- Historically, Operating Leases has averaged $3.8 billion across 5 years, with a median of $3.7 billion in 2025.
- Annual changes were most pronounced in 2023 — Operating Leases soared 45.78% — and 2026, when it decreased 16.36%.
- United Parcel Service's Operating Leases stood at $3.9 billion in 2022, then increased by 15.7% to $4.5 billion in 2023, then slipped by 2.17% to $4.4 billion in 2024, then decreased by 15.29% to $3.7 billion in 2025, then retreated by 4.49% to $3.5 billion in 2026.
- Business Quant data shows UPS's Operating Leases at $3.5 billion in Q1 2026, $3.7 billion in Q4 2025, and $3.7 billion in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn |
| 10 | Cryoport | 842.14 Mn | 445.45 Mn | 22.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 4.17 Bn |
| Mar 31, 2025 | 4.23 Bn |
| Dec 31, 2024 | 4.37 Bn |
| Sep 30, 2024 | 3.61 Bn |
| Jun 30, 2024 | 3.56 Bn |
| Mar 31, 2024 | 4.38 Bn |
| Dec 31, 2023 | 4.47 Bn |
| Sep 30, 2023 | 4.32 Bn |
| Jun 30, 2023 | 3.68 Bn |
| Mar 31, 2023 | 4.21 Bn |
| Dec 31, 2022 | 3.86 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 |
| Sep 30, 2021 | 3.49 Bn |