United Parcel Service (UPS) Return on Equity [ROE] (2009 - 2026)
United Parcel Service's Return on Equity [ROE] was 29.36% in Q3 2026, down 5.44 percentage points from 34.80% a year earlier and down 0.23 percentage points from the prior quarter.
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Analysis
United Parcel Service (UPS) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at United Parcel Service came in at 33.77%, down 0.18 percentage points from FY2024.
- Return on Equity [ROE] has now declined for four consecutive years, with a five-year change of -34.19 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 33.95% in FY2024 (-2.19 pp), 36.15% in FY2023 (-31.64 pp), 67.79% in FY2022 (-104.79 pp) and 172.58% in FY2021 (+104.61 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q2 2013.
- Compared with a year earlier, Return on Equity [ROE] has declined for three straight quarters, with an average year-over-year change of -1.16 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q4 2021 (a gain of 55.12 percentage points); the worst was Q1 2022 (a drop of 59.64 percentage points).
- Per Business Quant data, UPS's Return on Equity [ROE] in the three quarters before Q3 2026 was 29.59% (Q2 2026), 32.76% (Q1 2026) and 34.71% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 35.69% |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 25.37% |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 29.36% |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 8.38% |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 14.43% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 16.28% |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 15.25% |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 20.76% |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 25.21% |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 15.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.36% |
| Jun 30, 2026 | 29.59% |
| Mar 31, 2026 | 32.76% |
| Dec 31, 2025 | 34.71% |
| Sep 30, 2025 | 34.80% |
| Jun 30, 2025 | 36.43% |
| Mar 31, 2025 | 36.12% |
| Dec 31, 2024 | 34.39% |
| Sep 30, 2024 | 33.39% |
| Jun 30, 2024 | 30.92% |
| Mar 31, 2024 | 34.61% |
| Dec 31, 2023 | 36.76% |
| Sep 30, 2023 | 43.63% |
| Jun 30, 2023 | 49.95% |
| Mar 31, 2023 | 54.10% |
| Dec 31, 2022 | 62.78% |
| Sep 30, 2022 | 67.20% |
| Jun 30, 2022 | 68.88% |
| Mar 31, 2022 | 72.45% |
| Dec 31, 2021 | 97.93% |
API Access
United Parcel Service Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();