United Parcel Service, Inc. (UPS) Earnings History
Annual and quarterly earnings data from 1998 to 2025
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UPS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UPS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 18.5% | 9.6% | 6.3% |
| 2024 | 18.8% | 9.6% | 6.4% |
| 2023 | 19.5% | 10.3% | 7.4% |
| 2022 | 20.1% | 13.0% | 11.5% |
| 2021 | 17.9% | 13.5% | 13.3% |
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United Parcel Service, Inc. (UPS) Earnings Overview
As of May 6, 2026, United Parcel Service, Inc. (UPS) reported trailing twelve-month net income of $5.25B, reflecting -3.0% year-over-year growth. The company earned $6.18 per diluted share over the past four quarters, with a net profit margin of 6.3%.
Looking at the long-term picture, UPS's 5-year EPS compound annual growth rate (CAGR) stands at +33.6%, indicating exceptional earnings growth. The company achieved its highest annual net income of $12.89B in fiscal 2021.
United Parcel Service, Inc. maintains positive profitability with a gross margin of 18.5%, operating margin of 9.6%, and net margin of 6.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including FDX ($4.48B net income, 4.7% margin), XPO ($348M net income, 3.9% margin), ODFL ($1.02B net income, 18.6% margin), UPS has outperformed on profitability metrics. Compare UPS vs FDX →
UPS Earnings vs Peers
Earnings metrics vs comparable public companies
UPS Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.57B | -3.6% | $8.47B | $6.56 | 6.3% | 9.6% |
| 2024 | $5.78B | -13.8% | $8.69B | $6.76 | 6.4% | 9.6% |
| 2023 | $6.71B | -41.9% | $9.37B | $7.80 | 7.4% | 10.3% |
| 2022 | $11.55B | -10.4% | $12.97B | $13.20 | 11.5% | 13.0% |
| 2021 | $12.89B | +859.8% | $13.11B | $14.68 | 13.3% | 13.5% |
| 2020 | $1.34B | -69.8% | $7.84B | $1.54 | 1.6% | 9.3% |
| 2019 | $4.44B | -7.3% | $7.88B | $5.11 | 6.0% | 10.7% |
| 2018 | $4.79B | -2.3% | $7.07B | $5.51 | 6.7% | 9.8% |
| 2017 | $4.91B | +43.0% | $7.49B | $5.61 | 7.4% | 11.3% |
| 2016 | $3.43B | -29.2% | $5.07B | $3.87 | 5.7% | 8.4% |
Full UPS Stock Analysis
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Start ComparisonUPS — Frequently Asked Questions
Quick answers to the most common questions about buying UPS stock.
Is UPS growing earnings?
UPS EPS of $6.18 reflects slowing growth at -3.0%, below the 5-year CAGR of +33.6%. TTM net income is $5.2B. Expansion rate has moderated.
What are UPS's profit margins?
United Parcel Service, Inc. net margin is +6.3%, with operating margin at +9.6%. Margins sit within typical range for the sector.
How consistent are UPS's earnings?
UPS earnings data spans 1998-2025. The current earnings trend is -3.0% YoY. Historical data enables comparison across business cycles.