Financials in USD. Standardized financial statements.
A compact view of how United Parcel Service, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $88.66B | $90.89B | $90.75B | $100.03B | $97.20B | $84.43B | $73.92B | $71.91B | $66.55B | $60.50B |
| Revenue Growth? | -2.5% | +0.2% | -9.3% | +2.9% | +15.1% | +14.2% | +2.8% | +8.1% | +10.0% | 0.0% |
| Cost of Revenue? | $72.63B | $73.84B | $73.04B | $79.95B | $79.77B | $62.65B | $57.82B | $57.74B | $53.20B | $48.16B |
| Gross Profit? | $16.03B | $17.06B | $17.71B | $20.08B | $17.43B | $21.78B | $16.09B | $14.17B | $13.35B | $12.34B |
| Gross Margin? | +18.1% | +18.8% | +19.5% | +20.1% | +17.9% | +25.8% | +21.8% | +19.7% | +20.1% | +20.4% |
| Operating Expenses? | $8.16B | $8.37B | $8.34B | $7.11B | $4.33B | $13.95B | $8.22B | $7.09B | $5.86B | $7.27B |
| Operating Income? | $7.87B | $8.69B | $9.37B | $12.97B | $13.11B | $7.84B | $7.88B | $7.07B | $7.49B | $5.07B |
| EBITDA? | $11.93B | $11.91B | $12.71B | $18.71B | $20.23B | $5.23B | $8.64B | $8.80B | $9.84B | $7.71B |
| Income Before Tax | $7.16B | $7.44B | $8.57B | $14.82B | $16.59B | $1.84B | $5.65B | $6.02B | $7.14B | $5.14B |
| Income Tax Expense | $1.59B | $1.66B | $1.86B | $3.28B | $3.71B | $501.00M | $1.21B | $1.23B | $2.23B | $1.71B |
| Net Income? | $5.57B | $5.78B | $6.71B | $11.55B | $12.89B | $1.34B | $4.44B | $4.79B | $4.91B | $3.43B |
| EPS? | $6.56 | $6.76 | $7.81 | $13.26 | $14.75 | $1.55 | $5.14 | $5.53 | $5.63 | $3.89 |
| Diluted EPS? | $6.56 | $6.76 | $7.80 | $13.20 | $14.68 | $1.54 | $5.11 | $5.51 | $5.61 | $3.87 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality