United Parcel Service (UPS) Operating Margin (2009 - 2026)

United Parcel Service (UPS) has reported Operating Margin for 18 consecutive years, with 4.07% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 451.0% year-over-year to 4.07% in Q2 2026; TTM through Jun 2026 was 7.31%, a 199.0% decrease from a year earlier, with the FY2025 full-year figure at 8.87%, down 43.0% from the prior year.
• Operating Margin was 4.07% for Q2 2026 at United Parcel Service, down from 5.98% in the prior quarter.
• Over five years, Operating Margin peaked at 14.27% in Q2 2022 and troughed at 4.07% in Q2 2026.
• A 5-year average of 9.69% and a median of 9.43% in 2023 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin slumped 651 bps in 2023 and jumped 255 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 11.82% in 2022, then slipped by 16 bps to 9.94% in 2023, then increased by 16 bps to 11.56% in 2024, then retreated by 9 bps to 10.52% in 2025, then plunged by 61 bps to 4.07% in 2026.
• The last three Operating Margin figures came in at 4.07% (Q2 2026), 5.98% (Q1 2026), and 10.52% (Q4 2025), per Business Quant data.