United Parcel Service, Inc. (UPS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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UPS Revenue Growth
Revenue Breakdown (FY 2025)
UPS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
UPS Revenue Analysis (2014–2025)
As of May 6, 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.
Looking at the longer-term picture, UPS's 5-year compound annual growth rate (CAGR) stands at +1.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $100.03 billion in 2022.
Revenue diversification analysis shows UPS's business 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 maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 (2014–2025)
| 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% |
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's revenue growth accelerating or slowing?
UPS revenue growth slowed to -1.6%, below the 5-year CAGR of +1.0%. TTM revenue is $88.3B. The deceleration marks a shift from historical growth rates.
What is UPS's long-term revenue growth rate?
United Parcel Service, Inc.'s 5-year revenue CAGR of +1.0% reflects the variable expansion pattern. Current YoY growth of -1.6% is near this long-term average.
How is UPS's revenue distributed by segment?
UPS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.