United Parcel Service UPS
NYSE UPS
$99.26 -1.22 (-1.21%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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