Latest revenue
$21.20B
as of 2026-03-31
Latest net income
$864.0M
as of 2026-03-31
Net margin
4.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $87.28B
- Enterprise value
- $106.71B
- P/E (trailing)
- 15.7×
- Forward P/E
- —
- P/B
- 5.52×
- Dividend yield
- 6.5%
- 52-wk high
- $122.41
- 52-wk low
- $82.00
- Beta
- —
- Shares out
- 864.0M
5-year trend
What this company does
UPS runs the world's largest package delivery network, moving letters, parcels, and freight by truck and plane for businesses and consumers globally. It earns money primarily by charging shippers per-package rates across U.S. domestic delivery, international express, and supply chain logistics services. Revenue and profit declined year-over-year as UPS executes a deliberate pullback from lower-margin Amazon volume and cuts purchased transportation costs, while debt rose to fund the transition.
Generated from UPS's filing dated 2026-02-17
Key risks
- Revenue declined 2.4% YoY to $64.2B YTD with operating profit down to $5.29B; net income fell 6.9% to $3.78B amid volume pressure.
- Leverage rising: long-term debt jumped to $23.85B from $19.45B, while $4.05B dividends exceed $5.15B operating cash flow minus $2.97B capex.
- Pension/postretirement obligations of $6.19B plus $1.34B in contributions YTD continue to drain cash; multiemployer withdrawal liabilities remain disclosed.
Generated from UPS's filing dated 2026-02-17
Profitability
Operating margin
8.9%
4.6%Net margin
6.3%
1.0%Return on equity
34.3%
0.7%Return on assets
7.6%
7.6%Leverage
Debt / equity
3.50×
9.8%Long-term debt / equity
1.45×
24.6%Debt / assets
77.8%
2.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $21.20B | -1.6% | $864.0M | -27.2% | 4.1% |
Q4 2025 2025-12-31 | $24.48B | -3.2% | — | — | — |
Q3 2025 2025-09-30 | $21.41B | -3.7% | — | — | — |
Q2 2025 2025-06-30 | $21.22B | -2.7% | — | — | — |
Q1 2025 2025-03-31 | $21.55B | -0.7% | $1.19B | +6.6% | 5.5% |
Q4 2024 2024-12-31 | $25.30B | — | $1.72B | — | 6.8% |
Q3 2024 2024-09-30 | $22.25B | +5.6% | $1.54B | +36.6% | 6.9% |
Q2 2024 2024-06-30 | $21.82B | -1.1% | $1.41B | -32.3% | 6.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Trucking & Courier Services (No Air) · SIC 4210
Your notes
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Insider activity
Insider buying
$1.5M
Insider selling
$2.7M
Net activity
−$1.2M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns UPS
Institutional value
$16.87B
Total shares held
174.9M
Distinct holders
767
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 48.2M | $4.74B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 13.5M | $1.33B | — | New |
| 3 | UBS Group AG | 6.9M | $682.3M | — | New |
| 4 | Invesco Ltd. | 5.6M | $551.1M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 5.0M | $495.4M | — | New |
| 6 | Bank of New York Mellon Corp | 4.6M | $456.4M | — | New |
| 7 | Legal & General Group Plc | 4.2M | $411.4M | — | New |
| 8 | VANGUARD FIDUCIARY TRUST CO | 4.2M | $409.4M | — | New |
| 9 | Pacer Advisors, Inc. | 3.5M | $345.4M | — | New |
| 10 | WELLS FARGO & COMPANY/MN | 2.6M | $252.0M | — | New |
| 11 | DEUTSCHE BANK AG\ | 2.4M | $239.4M | — | New |
| 12 | National Pension Service | 2.3M | $230.5M | — | New |
| 13 | STIFEL FINANCIAL CORP | 2.3M | $223.1M | — | New |
| 14 | Swiss National Bank | 2.2M | $213.3M | — | New |
| 15 | HSBC HOLDINGS PLC | 2.2M | $212.7M | — | New |
| 16 | PRIMECAP MANAGEMENT CO/CA/ | 2.1M | $211.1M | — | New |
| 17 | Nuveen, LLC | 2.1M | $203.5M | — | New |
| 18 | Manning & Napier Advisors LLC | 1.9M | $182.3M | — | New |
| 19 | Allianz Asset Management GmbH | 1.8M | $178.4M | — | New |
| 20 | Sumitomo Mitsui Trust Group, Inc. | 1.8M | $175.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Revenue declined $1.6B YTD and operating profit fell to $5.29B—how much of the Amazon glide-down is now in the run-rate, and when does volume erosion stop?
- 2
Long-term debt jumped from $19.4B to $23.9B while you spent $4B on dividends and only generated $5.1B operating cash—is the dividend covered without further borrowing in 2026?
- 3
Purchased transportation fell $2.2B YTD but compensation rose $474M despite lower revenue—why isn't 'Network of the Future' showing up in unit labor cost?
Refreshed when UPS files a new report · last from 2026-02-17