United Parcel Service (UPS) Retained Earnings (2009 - 2026)
United Parcel Service's Retained Earnings was $18.83 billion in Q2 2026, down 5.1% from $19.83 billion a year earlier and down 4.0% from the prior quarter.
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Analysis
United Parcel Service (UPS) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Retained Earnings at United Parcel Service came in at $20.15 billion, down 3.5% from FY2024.
- Retained Earnings has now declined for three consecutive years, though with a five-year compound annual growth rate of 23.9% (FY2020 to FY2025).
- In earlier years, Retained Earnings was $20.88 billion in FY2024 (-0.8%), $21.06 billion in FY2023 (-1.3%), $21.33 billion in FY2022 (+31.8%) and $16.18 billion in FY2021 (+134.6%).
- The Q2 2026 figure marks the lowest quarterly Retained Earnings since Q1 2022.
- Compared with a year earlier, Retained Earnings has declined for 11 straight quarters, with an average decline of 2.9% over the last eight quarters.
- The best year-over-year quarter for Retained Earnings over five years was Q4 2021 (growth of 134.6%); the worst was Q2 2026 (a decline of 5.1%).
- Per Business Quant data, UPS's Retained Earnings in the three quarters before Q2 2026 was $19.62 billion (Q1 2026), $20.15 billion (Q4 2025) and $19.75 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 71.58 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 11.35 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 14.26 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 18.83 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 13.91 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 44.46 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 14.27 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 4.29 Bn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 8.31 Bn |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 7.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.83 Bn |
| Mar 31, 2026 | 19.62 Bn |
| Dec 31, 2025 | 20.15 Bn |
| Sep 30, 2025 | 19.75 Bn |
| Jun 30, 2025 | 19.83 Bn |
| Mar 31, 2025 | 19.94 Bn |
| Dec 31, 2024 | 20.88 Bn |
| Sep 30, 2024 | 20.55 Bn |
| Jun 30, 2024 | 20.69 Bn |
| Mar 31, 2024 | 20.68 Bn |
| Dec 31, 2023 | 21.06 Bn |
| Sep 30, 2023 | 20.70 Bn |
| Jun 30, 2023 | 21.58 Bn |
| Mar 31, 2023 | 21.51 Bn |
| Dec 31, 2022 | 21.33 Bn |
| Sep 30, 2022 | 20.18 Bn |
| Jun 30, 2022 | 18.96 Bn |
| Mar 31, 2022 | 17.43 Bn |
| Dec 31, 2021 | 16.18 Bn |
| Sep 30, 2021 | 13.97 Bn |
API Access
United Parcel Service Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "UPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();