United Parcel Service Inc (UPS) stock
UPSNYSETrucking & Courier Services (No Air)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 16/304% below fair value
$110.38−2.07 (-1.84%)
Close on Nov 12, 2026Market cap $93.91BP/E 21.2Yield 5.94%
United Parcel Service operating margin
Operating margin is operating income as a percentage of revenue.
United Parcel Service's operating margin for the twelve months ending Sep 30, 2026 was 7.1%. For fiscal 2025 it was 8.9%, against 9.3% the year before. The highest annual figure on record is 13.2% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8.9% | −0.4 |
| FY2024 | Dec 31, 2024 | 9.3% | −0.8 |
| FY2023 | Dec 31, 2023 | 10.0% | −3.0 |
| FY2022 | Dec 31, 2022 | 13.0% | −0.1 |
| FY2021 | Dec 31, 2021 | 13.2% | +4.1 |
| FY2020 | Dec 31, 2020 | 9.1% | −1.4 |
| FY2019 | Dec 31, 2019 | 10.5% | +0.8 |
| FY2018 | Dec 31, 2018 | 9.8% | −1.5 |
| FY2017 | Dec 31, 2017 | 11.3% | −1.2 |
| FY2016 | Dec 31, 2016 | 12.5% | −0.7 |
| FY2015 | Dec 31, 2015 | 13.1% | +4.6 |
| FY2014 | Dec 31, 2014 | 8.5% | −4.2 |
| FY2013 | Dec 31, 2013 | 12.7% | +10.2 |
| FY2012 | Dec 31, 2012 | 2.5% | −9.0 |
| FY2011 | Dec 31, 2011 | 11.4% | +0.1 |
| FY2010 | Dec 31, 2010 | 11.4% | +3.6 |
| FY2009 | Dec 31, 2009 | 7.7% | −2.7 |
| FY2008 | Dec 31, 2008 | 10.5% | +9.3 |
| FY2007 | Dec 31, 2007 | 1.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 7.6% | −0.8 |
| Q2 FY2026 | Jun 30, 2026 | 4.1% | −4.5 |
| Q1 FY2026 | Mar 31, 2026 | 6.0% | −1.8 |
| Q4 FY2025 | Dec 31, 2025 | 10.5% | −1.0 |
| Q3 FY2025 | Sep 30, 2025 | 8.4% | −0.5 |
| Q2 FY2025 | Jun 30, 2025 | 8.6% | −0.3 |
| Q1 FY2025 | Mar 31, 2025 | 7.7% | +0.3 |
| Q4 FY2024 | Dec 31, 2024 | 11.6% | +1.6 |
| Q3 FY2024 | Sep 30, 2024 | 8.9% | +2.5 |
| Q2 FY2024 | Jun 30, 2024 | 8.9% | −3.7 |
| Q1 FY2024 | Mar 31, 2024 | 7.4% | −3.7 |
| Q4 FY2023 | Dec 31, 2023 | 9.9% | −1.9 |
| Q3 FY2023 | Sep 30, 2023 | 6.4% | −6.5 |
| Q2 FY2023 | Jun 30, 2023 | 12.6% | −1.7 |
| Q1 FY2023 | Mar 31, 2023 | 11.1% | −2.3 |
| Q4 FY2022 | Dec 31, 2022 | 11.8% | −2.2 |
| Q3 FY2022 | Sep 30, 2022 | 12.9% | +0.4 |
| Q2 FY2022 | Jun 30, 2022 | 14.3% | +0.4 |
| Q1 FY2022 | Mar 31, 2022 | 13.3% | +1.3 |
| Q4 FY2021 | Dec 31, 2021 | 14.0% | +5.8 |
| Q3 FY2021 | Sep 30, 2021 | 12.5% | +1.4 |
| Q2 FY2021 | Jun 30, 2021 | 13.9% | +3.1 |
| Q1 FY2021 | Mar 31, 2021 | 12.1% | +6.1 |
| Q4 FY2020 | Dec 31, 2020 | 8.2% | −2.2 |
| Q3 FY2020 | Sep 30, 2020 | 11.1% | −0.5 |
| Q2 FY2020 | Jun 30, 2020 | 10.8% | −1.1 |
| Q1 FY2020 | Mar 31, 2020 | 5.9% | −2.2 |
| Q4 FY2019 | Dec 31, 2019 | 10.4% | +0.3 |
| Q3 FY2019 | Sep 30, 2019 | 11.6% | +1.7 |
| Q2 FY2019 | Jun 30, 2019 | 11.9% | +1.7 |
| Q1 FY2019 | Mar 31, 2019 | 8.1% | −0.8 |
| Q4 FY2018 | Dec 31, 2018 | 10.1% | −0.8 |
| Q3 FY2018 | Sep 30, 2018 | 9.9% | −1.3 |
| Q2 FY2018 | Jun 30, 2018 | 10.2% | −2.6 |
| Q1 FY2018 | Mar 31, 2018 | 8.9% | −1.5 |
| Q4 FY2017 | Dec 31, 2017 | 10.9% | +13.4 |
| Q3 FY2017 | Sep 30, 2017 | 11.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 12.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 10.4% | – |
| Q4 FY2016 | Dec 31, 2016 | -2.5% | – |
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