United Parcel Service (UPS) Tax Rate (2009 - 2026)
United Parcel Service (UPS) reported 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 18 years of Tax Rate data on file, last reported at 23.13% in Q1 2026.
- Tax Rate for Q1 2026 came in at 23.13%, up 107.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.41% (up 124.0% YoY), and the FY2025 annual result was 22.22%, down 8.0% from the prior year.
- Tax Rate declined to 23.13% in Q1 2026 per UPS's latest filing, from 24.49% in the prior quarter.
- Over five years, Tax Rate peaked at 27.54% in Q1 2024 and troughed at 11.12% in Q3 2023.
- A 5-year average of 21.84% and a median of 22.7% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 983 bps in 2023, then jumped 830 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 22.7% in 2022, then slipped by 2 bps to 22.2% in 2023, then decreased by 14 bps to 19.09% in 2024, then gained by 28 bps to 24.49% in 2025, then dropped 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 | 92.26 Bn | 86.49 Bn | 18.44 Bn | 23.13% |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 16.39% |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 25.16% |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 11.66% |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -25.96% |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 25.19% |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 70.59% |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | -21.36% |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 27.76% |
| 10 | Cryoport | 783.40 Mn | 379.76 Mn | 21.91 Mn | -1.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.13% |
| Mar 31, 2026 | 23.13% |
| Dec 31, 2025 | 24.49% |
| Dec 31, 2025 | 24.49% |
| Sep 30, 2025 | 18.42% |
| Sep 30, 2025 | 18.42% |
| Jun 30, 2025 | 22.80% |
| Jun 30, 2025 | 22.80% |
| Mar 31, 2025 | 22.06% |
| Mar 31, 2025 | 22.06% |
| Dec 31, 2024 | 19.09% |
| Dec 31, 2024 | 19.09% |
| Sep 30, 2024 | 19.42% |
| Sep 30, 2024 | 19.42% |
| Jun 30, 2024 | 24.61% |
| Jun 30, 2024 | 24.61% |
| Mar 31, 2024 | 27.54% |
| Mar 31, 2024 | 27.54% |
| Dec 31, 2023 | 22.20% |
| Dec 31, 2023 | 22.20% |