United Parcel Service, Inc. (UPS) Revenue History
Annual and quarterly revenue from 1998 to present
UPS Revenue Over Time (1998–2025)
UPS Revenue Growth History
23 of 27 years with positive growth- FY1998 revenue growth
- N/A
- FY1999 revenue growth
- +9.1%
- FY2000 revenue growth
- +10.1%
- FY2001 revenue growth
- +2.9%
- FY2002 revenue growth
- +2.0%
- FY2003 revenue growth
- +7.1%
- FY2004 revenue growth
- +9.2%
- FY2005 revenue growth
- +16.4%
- FY2006 revenue growth
- +11.7%
- FY2007 revenue growth
- +4.5%
- FY2008 revenue growth
- +3.6%
- FY2009 revenue growth
- -12.4%
- FY2010 revenue growth
- +9.6%
- FY2011 revenue growth
- +7.6%
- FY2012 revenue growth
- +1.6%
- FY2013 revenue growth
- +2.6%
- FY2014 revenue growth
- +5.0%
- FY2015 revenue growth
- -0.4%
- FY2016 revenue growth
- +4.2%
- FY2017 revenue growth
- +10.0%
- FY2018 revenue growth
- +8.1%
- FY2019 revenue growth
- +2.8%
- FY2020 revenue growth
- +14.2%
- FY2021 revenue growth
- +15.1%
- FY2022 revenue growth
- +2.9%
- FY2023 revenue growth
- -9.3%
- FY2024 revenue growth
- +0.2%
- FY2025 revenue growth
- -2.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $21.20B | -1.6% |
| Q4 2025 | $24.50B | -3.0% |
| Q3 2025 | $21.41B | -3.6% |
| Q2 2025 | $21.22B | -2.5% |
| Q1 2025 | $21.55B | -0.5% |
| Q4 2024 | $25.24B | +1.5% |
| Q3 2024 | $22.21B | +5.7% |
| Q2 2024 | $21.77B | -1.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
UPS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
UPS Revenue Analysis (1998–2025)
Current Revenue & Growth
As of June 21, 2026, United Parcel Service, Inc. (UPS) generated trailing twelve-month (TTM) revenue of $88.33 billion, reflecting slight decline in growth of -1.6% year-over-year. The most recent quarter (Q1 2026) recorded $21.20 billion in revenue, down 13.5% sequentially.
Historical Growth Trajectory
UPS's 5-year compound annual growth rate (CAGR) stands at +1.0%, indicating moderate growth over time. The 3-year CAGR of -4.0% is below the 5-year average, signalling a growth deceleration in recent years. United Parcel Service, Inc.'s highest annual revenue of $100.03 billion was recorded in 2022.
Revenue by Segment
UPS's revenue is primarily driven by U.S. Domestic Package (68%), International Package (22%), and Supply Chain & Freight (9%). With over half of revenue concentrated in U.S. Domestic Package, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including FDX (+4.7% YoY), XPO (+3.6% YoY), and ODFL (-5.5% YoY) — UPS has underperformed the peer group in revenue growth. Compare UPS vs FDX →
UPS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| UPSCurrent | $88.3B | -1.6% | +1.0% | 9.6% | |
 FDX | $87.9B | +4.7% | +4.9% | 6.9% | |
 XPO | $8.2B | +3.6% | +5.7% | 8.9% | |
 ODFL | $5.5B | -5.5% | +6.5% | 24.8% | |
 SAIA | $3.2B | +0.3% | +12.2% | 10.9% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% |
UPS Historical Revenue Data (1998–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $88.64B | -2.5% | $16.42B | 18.5% | $8.47B | 9.6% |
| 2024 | $90.89B | +0.2% | $17.06B | 18.8% | $8.69B | 9.6% |
| 2023 | $90.75B | -9.3% | $17.71B | 19.5% | $9.37B | 10.3% |
| 2022 | $100.03B | +2.9% | $20.08B | 20.1% | $12.97B | 13.0% |
| 2021 | $97.20B | +15.1% | $17.43B | 17.9% | $13.11B | 13.5% |
| 2020 | $84.43B | +14.2% | $21.78B | 25.8% | $7.84B | 9.3% |
| 2019 | $73.92B | +2.8% | $16.09B | 21.8% | $7.88B | 10.7% |
| 2018 | $71.91B | +8.1% | $14.17B | 19.7% | $7.07B | 9.8% |
| 2017 | $66.55B | +10.0% | $13.35B | 20.1% | $7.49B | 11.3% |
| 2016 | $60.50B | +4.2% | $12.34B | 20.4% | $5.07B | 8.4% |
| 2015 | $58.05B | -0.4% | $12.11B | 20.9% | $7.34B | 12.7% |
| 2014 | $58.26B | +5.0% | $11.71B | 20.1% | $6.07B | 10.4% |
| 2013 | $55.49B | +2.6% | $11.41B | 20.6% | $7.03B | 12.7% |
| 2012 | $54.06B | +1.6% | $10.36B | 19.2% | $1.25B | 2.3% |
| 2011 | $53.21B | +7.6% | $11.16B | 21.0% | $6.14B | 11.5% |
Full Stock Analysis
Deep dive into UPS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
28+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
UPS — Frequently Asked Questions
Quick answers to the most common questions about buying UPS stock.
Is UPS's revenue growth accelerating or slowing?
UPS revenue growth is slowing. TTM revenue is $88.3B, up -1.6% year-over-year — below the 5-year CAGR of +1.0%. The deceleration suggests maturing end-markets or increased competition.
What is UPS's revenue history from 1998 to 2026?
United Parcel Service, Inc. (UPS) revenue history spans 1998 to 2026. TTM revenue as of 2026 is $88.3B, growing at -1.6% YoY. The 5-year CAGR is +1.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is UPS's long-term revenue growth rate (CAGR)?
United Parcel Service, Inc.'s 5-year revenue CAGR of +1.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -1.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for UPS.
Why does UPS's quarterly revenue fluctuate?
UPS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. United Parcel Service, Inc.'s revenue data from 1998 to 2026 shows full historical quarterly detail on this page.
How is UPS's revenue distributed by segment?
UPS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does UPS's revenue compare to industry peers?
United Parcel Service, Inc. (UPS) with TTM revenue of $88.3B and -1.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.