KPIs & Operating Metrics(New)
Growth Metrics

United Parcel Service (UPS) Operating Margin (2016 - 2026)

United Parcel Service has reported Operating Margin over the past 17 years, most recently at 10.52% for Q4 2025.

  • Quarterly Operating Margin fell 105.0% to 10.52% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 8.87% through Dec 2025, down 43.0% year-over-year, with the annual reading at 8.87% for FY2025, 43.0% down from the prior year.
  • Operating Margin was 10.52% for Q4 2025 at United Parcel Service, up from 8.42% in the prior quarter.
  • Over five years, Operating Margin peaked at 14.27% in Q2 2022 and troughed at 6.38% in Q3 2023.
  • The 5-year median for Operating Margin is 11.32% (2023), against an average of 10.84%.
  • Year-over-year, Operating Margin surged 613bps in 2021 and then tumbled -651bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 14.01% in 2021, then fell by -16bps to 11.82% in 2022, then dropped by -16bps to 9.94% in 2023, then rose by 16bps to 11.56% in 2024, then decreased by -9bps to 10.52% in 2025.
  • Per Business Quant, the three most recent readings for UPS's Operating Margin are 10.52% (Q4 2025), 8.42% (Q3 2025), and 8.59% (Q2 2025).