UNITED PARCEL SERVICE INC

Trucking & Courier Services (No Air)·ATLANTA, GA·FY end 12/31·CIK 1090727

Financials

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$88.7B	$91.1B	$91.0B	$100.3B	$97.3B
Gross Profit	—	—	—	—	—	—
Operating Income	$7.9B	$8.5B	$9.1B	$13.1B	$12.8B
Net Income	$5.6B	$5.8B	$6.7B	$11.5B	$12.9B
Operating CF	$8.4B	$10.1B	$10.2B	$14.1B	$15.0B
Capex	$3.7B	$3.9B	$5.2B	$4.8B	$4.2B
Free Cash Flow	$4.8B	$6.2B	$5.1B	$9.3B	$10.8B
Buybacks	$1.0B	$500.0M	$2.3B	$3.5B	$500.0M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	8.9%	9.3%	10.0%	13.0%	13.2%
Net Margin	6.3%	6.3%	7.4%	11.5%	13.2%
FCF Margin	5.4%	6.8%	5.6%	9.3%	11.1%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	22.2%	22.3%	21.8%	22.1%	22.3%
Debt / Equity	1.45	1.26	1.27	1.86	2.91
Buybacks / FCF	21.0%	8.0%	44.3%	37.5%	4.6%

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