UNITED PARCEL SERVICE (UPS) Company Report

UPS will eliminate 30,000 operational roles in 2026 via attrition and a voluntary separation program for full-time drivers, alongside closure of roughly two dozen facilities and network consolidation.
These cuts follow approximately 48,000 job eliminations in 2025 as UPS continues to unwind about 1 million Amazon packages per day, shifting toward higher-margin shipments.
The restructuring delivered $3.5 billion in savings in 2025 and is expected to yield an additional $3 billion in cost reductions in 2026.
UPS recorded a $137 million non-cash after-tax charge to retire its MD-11 fleet and projected 2026 revenue of about $89.7 billion, sending its shares up roughly 2.8% in early trading.

4 days ago

WSJ

UPS announces Q4 2025 results

UPS

Earnings

Guidance Update

UPS reported Q4 2025 consolidated revenue of $24.5 billion, operating profit of $2.9 billion (11.8% margin), and diluted EPS of $2.38; FY 2025 revenue was $88.7 billion with $8.7 billion in operating profit (9.8% margin).
U.S. Domestic Q4 revenue declined 3.2% YoY to $16.8 billion on a 10.8% ADV drop, offset by an 8.3% increase in revenue per piece; operating margin was 10.2%.
International segment Q4 revenue rose 2.5% YoY to $5.0 billion (ADV down 4.7%), delivering an 18% operating margin; Supply Chain Solutions revenue was $2.7 billion (–$388 million YoY) with a 10.3% margin.
For full-year 2026, UPS expects revenue of $89.7 billion, operating margin of 9.6%, and flat EPS vs. 2025.

4 days ago

Transcript

UPS reports Q4 2025 results and 2026 outlook

UPS

Earnings

Guidance Update

UPS reported Q4 2025 consolidated revenue of $24.5 billion, operating profit of $2.9 billion, and an operating margin of 11.8%; full-year 2025 revenue was $88.7 billion with operating profit of $8.7 billion and a 9.8% margin
U.S. Domestic Q4 revenue was $16.8 billion (–3.2% YoY) on an average daily volume decline of 10.8%, offset by 8.3% growth in revenue per piece; segment operating margin was 10.2%
International Q4 revenue rose 2.5% to $5.0 billion despite a 4.7% volume decline, delivering an operating margin of 18%; Supply Chain Solutions generated $2.7 billion in revenue with a 10.3% margin
For 2026, UPS expects consolidated revenue of ~$89.7 billion, operating margin of ~9.6%, and diluted EPS to be flat to 2025; the company will reduce Amazon volume by another 1 million pieces/day and target $3 billion in related savings

4 days ago

Transcript

UPS reports Q4 2025 results

UPS

Earnings

Guidance Update

M&A

Q4 consolidated revenue of $24.5 billion, operating profit of $2.9 billion, and operating margin of 11.8%; FY 2025 revenue $88.7 billion, operating profit $8.7 billion, margin 9.8%.
Delivered $3.5 billion in savings from network reconfiguration, reduced Amazon volume by ~1 million pieces/day, and grew U.S. revenue per piece by 7.1%; SMB penetration reached 31.8% of U.S. volume.
Took a $137 million after-tax charge to retire the MD-11 fleet, planning to take delivery of 18 Boeing 767 aircraft over the next 15 months.
Issued 2026 guidance: revenue ~$89.7 billion, operating margin ~9.6%, EPS ~flat to 2025; expects U.S. ADV down mid-single digits offset by mid-single-digit revenue-per-piece growth, with first-half margin pressure and second-half profit rebound.
Completed acquisitions of Frigo-Trans and Andlauer Healthcare, expanding healthcare cold chain capabilities, with global healthcare revenue of $11.2 billion in 2025.

4 days ago

Transcript

UPS completes MD-11 fleet retirement

UPS

Accounting Changes

UPS completed accelerated retirement of its McDonnell Douglas MD-11 freighters during Q4 2025, as part of a broader fleet modernization after the Nov. 4, 2025 crash.
The retirements led to a $137 million noncash, after-tax charge, contributing to $238 million in total special charges for the quarter.
UPS will replace much of the retired capacity with newer Boeing 767s and other freighters over the coming year, underscoring a safety-driven fleet pivot.

4 days ago

WSJ

UPS reports Q4 earnings beat

UPS

Earnings

Guidance Update

UPS delivered adjusted EPS of $2.38 on $24.5 billion in revenue, topping expectations and driving a ~4% stock rise on the upbeat outlook.
Reported diluted EPS of $2.10 after $0.28 per share in one-off charges from MD-11 fleet write-offs and restructuring costs.
Domestic U.S. package revenue declined about 3.2% to $16.8 billion, while international package revenue rose 2.5% to $5.1 billion, with revenue per piece up 7.1%.
Issued 2026 guidance of $89.7 billion in revenue and a non-GAAP adjusted operating margin near 9.6%, alongside planned capital spending and dividends; CEO Tomé labels 2026 an “inflection point” as Amazon business declines.

4 days ago

WSJ

UPS announces Q4 2025 earnings

UPS

Earnings

Dividends

Consolidated revenue of $24.5 billion and GAAP operating margin of 10.5%; diluted EPS of $2.10 (non-GAAP $2.38) for Q4 2025.
Fiscal-year 2025 revenue of $88.7 billion, operating profit of $7.9 billion (non-GAAP $8.7 billion), and diluted EPS of $6.56 (non-GAAP $7.16).
GAAP Q4 results include $238 million in charges (or $0.28/share) for the write-off of the MD-11 aircraft fleet and transformation costs.
Board declares first-quarter 2026 dividend of $1.64 per share, payable March 5, 2026.

4 days ago

8-K

UPS reports 4Q 2025 results and outlines 2026 outlook

UPS

Earnings

Dividends

Guidance Update

UPS reported 4Q 2025 consolidated revenue of $24.5 B, GAAP operating margin of 10.5% (non-GAAP 11.8%) and diluted EPS of $2.10 (non-GAAP $2.38).
Declared a quarterly dividend of $1.64 per share.
U.S. Domestic revenue declined 3.2% to $16,756 M with a GAAP operating margin of 8.5%, while International revenue rose 2.5% to $5,045 M with a 17.5% margin.
Incurred $238 M in total Q4 charges, including a $137 M non-cash write-off of its MD-11 fleet and $101 M of transformation costs.
Management expects 2026 to be an inflection point in executing its strategy upon completion of the Amazon glide-down.

5 days ago

Press Release

UPS completes $1.6 billion acquisition of Andlauer Healthcare Group

UPS

M&A

Delisting/Listing Issues

UPS has completed its $1.6 billion acquisition of Canadian healthcare logistics firm Andlauer Healthcare Group, with AHG shareholders receiving CAD 55.00 per share in cash (approx. CAD 2.2 billion).
The deal enhances UPS Healthcare’s cold chain transportation capabilities, offering reduced transit times, improved end-to-end visibility and expanded global reach for temperature-sensitive treatments.
AHG founder and CEO Michael Andlauer will lead UPS Canada Healthcare and AHG to further develop specialized services.
AHG’s subordinate voting shares will be delisted from the Toronto Stock Exchange, and the company will cease being a reporting issuer in Canada.

Nov 3, 2025, 12:35 PM

Morningstar

UPS acquires Andlauer Healthcare Group

UPS

M&A

UPS completed the acquisition of Andlauer Healthcare Group Inc. for USD 1.6 billion, representing CAD $55.00 per share and a total purchase price of CAD 2.2 billion.
The deal expands UPS Healthcare’s specialized cold chain and third-party logistics capabilities across North America and globally, enhancing transit times, visibility, and quality assurance in healthcare delivery.
Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG to drive further innovation and meet growing customer needs.
The acquisition underscores UPS’s commitment to advancing complex healthcare logistics and strengthening its global specialty services.

Nov 3, 2025, 12:30 PM

Press Release