United Parcel Service (UPS) Tax Rate (2009 - 2026)
United Parcel Service's Tax Rate was 25.97% in Q3 2026, up 7.55 percentage points from 18.42% a year earlier and up 5.34 percentage points from the prior quarter.
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Analysis
United Parcel Service (UPS) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Parcel Service's Tax Rate was 24.12% through Sep 30, 2026, up 3.65 percentage points year-over-year; for FY2025, it was 22.22%, down 0.08 percentage points from FY2024.
- Tax Rate shows a five-year change of -4.95 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 22.31% in FY2024 (+0.55 pp), 21.75% in FY2023 (-0.35 pp), 22.10% in FY2022 (-0.22 pp) and 22.33% in FY2021 (-4.84 pp).
- The Q3 2026 figure marks the highest quarterly Tax Rate since Q1 2024.
- Compared with a year earlier, Tax Rate was higher in three of the last eight quarters, with an average year-over-year change of +0.06 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2024 (a gain of 8.30 percentage points); the worst was Q3 2023 (a drop of 9.83 percentage points).
- Per Business Quant data, UPS's Tax Rate in the three quarters before Q3 2026 was 20.63% (Q2 2026), 23.13% (Q1 2026) and 24.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.50 Bn | 168.74 Bn | - | 23.84% |
| 2 | United Parcel Service | 94.38 Bn | 71.20 Bn | - | 25.97% |
| 3 | Csx | 93.38 Bn | 88.60 Bn | - | 23.99% |
| 4 | Canadian Pacific Kansas City | 83.29 Bn | 82.32 Bn | - | 32.84% |
| 5 | Fedex | 75.61 Bn | 41.81 Bn | - | 24.21% |
| 6 | Norfolk Southern | 73.28 Bn | 67.74 Bn | - | 23.10% |
| 7 | Delta Air Lines | 59.96 Bn | 42.14 Bn | - | 29.61% |
| 8 | United Airlines Holdings | 39.09 Bn | -18.60 Bn | - | 21.51% |
| 9 | Old Dominion Freight Line | 35.40 Bn | 34.24 Bn | - | 24.45% |
| 10 | Ryanair Holdings | 32.52 Bn | 16.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.97% |
| 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% |
API Access
United Parcel Service Tax Rate 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=tax-rate&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();