United Parcel Service (UPS) Tax Rate (2009 - 2026)
United Parcel Service (UPS) posted quarterly Tax Rate of 23.13% for Q1 2026, up 107.0% year-over-year from 11.17% in Q1 2025, and down 5.56% quarter-over-quarter from 24.49% in Q4 2025.
United Parcel Service (UPS) Tax Rate (2009 - 2026) Analysis & Trends
United Parcel Service (UPS) has reported Tax Rate for 18 consecutive years, with 23.13% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 107.0% year-over-year to 23.13%; the TTM figure through Mar 2026 stood at 22.41% (up 124.0% YoY), while the FY2025 annual figure was 22.22%, down 8.0% from the prior year.
- Tax Rate slipped to 23.13% in Q1 2026 per UPS's latest filing, from 24.49% in the prior quarter.
- Across five years, Tax Rate topped out at 27.54% in Q1 2024 and bottomed at 11.12% in Q3 2023.
- Historically, Tax Rate has averaged 21.84% across 5 years, with a median of 22.7% in 2022.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 983 bps — and 2024, when it jumped 830 bps.
- United Parcel Service's Tax Rate stood at 22.7% in 2022, then dropped by 2 bps to 22.2% in 2023, then slipped by 14 bps to 19.09% in 2024, then advanced by 28 bps to 24.49% in 2025, then declined by 6 bps to 23.13% in 2026.
- Business Quant data shows UPS's Tax Rate at 23.13% in Q1 2026, 24.49% in Q4 2025, and 18.42% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 20.63% |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 24.21% |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 25.40% |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 25.44% |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 21.47% |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | -21.36% |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 25.17% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 43.75% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 23.79% |
| 10 | Cryoport | 842.14 Mn | 445.45 Mn | 22.82 Mn | -6.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.63% |
| Jun 30, 2026 | 20.63% |
| Jun 30, 2026 | 20.63% |
| Mar 31, 2026 | 23.13% |
| Mar 31, 2026 | 23.13% |
| Mar 31, 2026 | 23.13% |
| Dec 31, 2025 | 24.49% |
| Dec 31, 2025 | 24.49% |
| Dec 31, 2025 | 24.49% |
| Sep 30, 2025 | 18.42% |
| Sep 30, 2025 | 18.42% |
| Sep 30, 2025 | 18.42% |
| Jun 30, 2025 | 22.80% |
| Jun 30, 2025 | 22.80% |
| Jun 30, 2025 | 22.80% |
| Mar 31, 2025 | 22.06% |
| Mar 31, 2025 | 22.06% |
| Mar 31, 2025 | 22.06% |
| Dec 31, 2024 | 19.09% |
| Dec 31, 2024 | 19.09% |