United Parcel Service (UPS) Tax Rate (2009 - 2026)
United Parcel Service's (UPS) quarterly Tax Rate came in at 20.63% in Q2 2026, down 217.0% year-over-year from 17.63% in Q2 2025, and down 10.81% quarter-over-quarter from 23.13% in Q1 2026.
Analysis
United Parcel Service (UPS) Tax Rate (2009 - 2026) Analysis & Trends
United Parcel Service (UPS) has reported Tax Rate for 18 consecutive years, with 20.63% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate fell 217.0% year-over-year to 20.63% in Q2 2026; TTM through Jun 2026 was 22.07%, a 141.0% increase from a year earlier, with the FY2025 full-year figure at 22.22%, down 8.0% from the prior year.
- Tax Rate was 20.63% for Q2 2026 at United Parcel Service, down from 23.13% 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 21.78% and a median of 22.45% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate tumbled 983 bps in 2023 and soared 830 bps in 2024, its largest moves.
- Over 5 years, Tax Rate stood at 22.7% in 2022, then decreased by 2 bps to 22.2% in 2023, then retreated by 14 bps to 19.09% in 2024, then rose by 28 bps to 24.49% in 2025, then dropped by 16 bps to 20.63% in 2026.
- The last three Tax Rate figures came in at 20.63% (Q2 2026), 23.13% (Q1 2026), and 24.49% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 85.00 Bn | 80.35 Bn | 19.65 Bn | 20.63% |
| 2 | Fedex | 73.80 Bn | 60.49 Bn | 18.84 Bn | 24.21% |
| 3 | ZTO Express (Cayman) | 16.63 Bn | 12.03 Bn | 550.21 Mn | -7.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.63% |
| Mar 31, 2026 | 23.13% |
| Dec 31, 2025 | 24.49% |
| Sep 30, 2025 | 18.42% |
| Jun 30, 2025 | 22.80% |
| Mar 31, 2025 | 22.06% |
| Dec 31, 2024 | 19.09% |
| Sep 30, 2024 | 19.42% |
| Jun 30, 2024 | 24.61% |
| Mar 31, 2024 | 27.54% |
| Dec 31, 2023 | 22.20% |
| Sep 30, 2023 | 11.12% |
| Jun 30, 2023 | 23.49% |
| Mar 31, 2023 | 24.86% |
| Dec 31, 2022 | 22.70% |
| Sep 30, 2022 | 20.95% |
| Jun 30, 2022 | 22.94% |
| Mar 31, 2022 | 21.52% |
| Dec 31, 2021 | 21.93% |
| Sep 30, 2021 | 22.19% |