Global package delivery and logistics company serving parcel shipping, supply chain, freight, and international trade flows.
Profile & Fundamentals
UPS: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
UPS Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
United Parcel Service, Inc., a package delivery and logistics provider, offers transportation and delivery services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery services for express letters, documents, packages and palletized freight through air and ground services. The International Package segment provides small package operations in Europe, the Middle East and Africa, Canada and Latin America, and Asia. The company offers a range of guaranteed day- and time-definite international transportation services; day-definite services; cross-border ground package delivery; contract-only, e-commerce solutions for non-urgent, and cross-border shipments; and international service for urgent and palletized shipments. It also provides international air and ocean freight forwarding, contract logistics, customs brokerage and insurance, mail services, healthcare logistics, distribution, and post-sales services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
Company profile record
United Parcel Service Inc
Common Stock · Industrials · Air Freight & Logistics
Company
- Company / asset
- United Parcel Service Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Air Freight & Logistics
- HQ
- 🇺🇸 United States
- Head office
- 55 Glenlake Parkway, N.E., Atlanta, GA, United States, 30328
Leadership & scale
- Chief executive
- Ms. Carol B. Tome
- CEO year born
- 1957
- Full-time employees
- 460K
- Fiscal year end
- December
- IPO date
- 1999-11-10
Fundamentals snapshot
- Market Cap
- USD 79.2B
- P/E
- 17.3x
- Revenue (Q2 26)
- USD 22.8B
- Profit (Q2 26)
- USD 604.0M
- Dividend Yield
- 4.9%
- Revenue (FY 25)
- USD 88.7B
- Shares in public float
- 748.5M
- Insider ownership
- 0.02%
Reporting & identifiers
- Symbol
- UPS.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US9113121068
- Asset ID
- equity_1de07560-60a7-5236-8a78-c544542807fa
Ownership
Shares Outstanding
Latest: 851.0M | Max: 879.0M | Min: 851.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
87.95%
748.5M latest reported shares
Insider Ownership
0.02%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 872,000,000 |
| 2018-01-01 | 869,000,000 |
| 2019-01-01 | 863,000,000 |
| 2020-01-01 | 871,000,000 |
| 2021-01-01 | 879,000,000 |
| 2022-01-01 | 871,000,000 |
| 2023-01-01 | 858,000,000 |
| 2024-01-01 | 858,000,000 |
| 2025-01-01 | 853,000,000 |
| 2026-01-01 | 851,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 51,115,897 | 6.01% | 2026-03-31 |
| Vanguard Capital Management, LLC | 48,152,554 | 5.66% | 2026-03-31 |
| State Street Corp | 32,598,590 | 3.83% | 2026-03-31 |
| FMR Inc | 32,574,845 | 3.83% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 23,726,975 | 2.79% | 2026-08-31 |
| Charles Schwab Investment Management Inc | 22,112,857 | 2.6% | 2026-03-31 |
| Schwab US Dividend Equity ETF™ | 20,391,020 | 2.4% | 2026-08-29 |
| Vanguard 500 Index Investor | 19,838,451 | 2.33% | 2026-08-31 |
| Geode Capital Management, LLC | 17,511,765 | 2.06% | 2026-03-31 |
| Victory Capital Management Inc. | 14,251,075 | 1.68% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 13,471,962 | 1.58% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 10,170,608 | 1.2% | 2026-03-31 |
| iShares Core S&P 500 ETF | 9,941,861 | 1.17% | 2026-08-31 |
| Bank of America Corp | 9,728,123 | 1.14% | 2026-03-31 |
| Fidelity 500 Index | 9,654,079 | 1.13% | 2026-07-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's headline financials paint a confusing picture of steady revenue alongside tumbling profits. While second-quarter 2026 revenue rose over seven percent to almost twenty-three billion dollars, reported net income dropped by more than half to six hundred four million dollars. This drop was largely caused by an eight hundred ninety-one million dollar after-tax charge to pay for voluntary driver buyouts as management reshapes the delivery network. Looking past these temporary restructuring expenses reveals an underlying business that is gradually stabilizing. By deliberately cutting ties with unprofitable, low-paying Amazon deliveries, the company is focusing on higher-paying small business and medical packages. Once one-time buyout charges stop draining earnings, underlying operating profits should begin recovering toward normal historical levels.
The company's headline financials paint a confusing picture of steady revenue alongside tumbling profits. While second-quarter 2026 revenue rose over seven percent to almost twenty-three billion dollars, reported net income dropped by more than half to six hundred four million dollars. This drop was largely caused by an eight hundred ninety-one million dollar after-tax charge to pay for voluntary driver buyouts as management reshapes the delivery network. Looking past these temporary restructuring expenses reveals an underlying business that is gradually stabilizing. By deliberately cutting ties with unprofitable, low-paying Amazon deliveries, the company is focusing on higher-paying small business and medical packages. Once one-time buyout charges stop draining earnings, underlying operating profits should begin recovering toward normal historical levels.
Revenue, Net Income, and Free Cash Flow
Latest: USD 88.7B | Max: USD 100.0B | Min: USD -3.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 15x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profit margins have suffered a multi-year decline, falling from peak levels above thirteen percent down to around seven point three percent on a trailing basis. This margin squeeze was driven by frontloaded wage increases from the five-year union contract, spike-driven fuel expenses, and the loss of package density as Amazon shifted parcels to its own delivery network. Despite this squeeze, profit margins are beginning to show early signs of finding a bottom. Modern sorting hubs are cutting the cost to process each package by twenty-eight percent, and high-margin healthcare transport is growing steadily. If automated hubs successfully absorb the scheduled August 2027 wage increase, overall profit margins should gradually climb back toward double digits over the next few years.
Operating profit margins have suffered a multi-year decline, falling from peak levels above thirteen percent down to around seven point three percent on a trailing basis. This margin squeeze was driven by frontloaded wage increases from the five-year union contract, spike-driven fuel expenses, and the loss of package density as Amazon shifted parcels to its own delivery network. Despite this squeeze, profit margins are beginning to show early signs of finding a bottom. Modern sorting hubs are cutting the cost to process each package by twenty-eight percent, and high-margin healthcare transport is growing steadily. If automated hubs successfully absorb the scheduled August 2027 wage increase, overall profit margins should gradually climb back toward double digits over the next few years.
Profitability Margins
Latest: 18.1% | Max: 25.8% | Min: 1.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
18.1%
Gross profit / revenue
Operating Margin
8.9%
Operating income / revenue
Net Margin
6.3%
Net income / revenue
FCF Margin
5.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 60,906,000,000 | 3,431,000,000 | 3,508,000,000 |
| 2017-12-31 | 65,872,000,000 | 4,910,000,000 | -3,748,000,000 |
| 2018-12-31 | 71,911,000,000 | 4,791,000,000 | 6,428,000,000 |
| 2019-12-31 | 73,917,000,000 | 4,440,000,000 | 2,259,000,000 |
| 2020-12-31 | 84,432,000,000 | 1,343,000,000 | 5,047,000,000 |
| 2021-12-31 | 97,204,000,000 | 12,890,000,000 | 10,813,000,000 |
| 2022-12-31 | 100,034,000,000 | 11,548,000,000 | 9,335,000,000 |
| 2023-12-31 | 90,745,000,000 | 6,708,000,000 | 5,080,000,000 |
| 2024-12-31 | 90,894,000,000 | 5,782,000,000 | 6,213,000,000 |
| 2025-12-31 | 88,661,000,000 | 5,572,000,000 | 4,765,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 15.18 | Trailing four quarters |
| 2024-12-31 | 18.71 | Trailing four quarters |
| 2023-12-31 | 20.11 | Trailing four quarters |
| 2022-12-31 | 13.11 | Annual net income |
| 2021-12-31 | 14.62 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 8.98 | 8.98 | 5.63 | 5.76 |
| 2017-12-31 | 11.43 | 11.43 | 7.45 | -5.69 |
| 2018-12-31 | 19.7 | 9.84 | 6.66 | 8.94 |
| 2019-12-31 | 21.77 | 10.66 | 6.01 | 3.06 |
| 2020-12-31 | 25.8 | 9.28 | 1.59 | 5.98 |
| 2021-12-31 | 17.93 | 13.48 | 13.26 | 11.12 |
| 2022-12-31 | 20.07 | 12.96 | 11.54 | 9.33 |
| 2023-12-31 | 19.51 | 10.33 | 7.39 | 5.6 |
| 2024-12-31 | 18.77 | 9.56 | 6.36 | 6.84 |
| 2025-12-31 | 18.08 | 8.87 | 6.28 | 5.37 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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