Earnings summaries and quarterly performance for UNITED PARCEL SERVICE.
Executive leadership at UNITED PARCEL SERVICE.
Carol Tomé
Detailed
Chief Executive Officer
CEO
Brian Dykes
Detailed
Chief Financial Officer
Bala Subramanian
Chief Digital and Technology Officer
Kate Gutmann
President International, Healthcare and Supply Chain Solutions
Nando Cesarone
President U.S. and UPS Airline
Norman Brothers
Chief Legal and Compliance Officer
Board of directors at UNITED PARCEL SERVICE.
Angela Hwang
Detailed
Director
Christiana Smith Shi
Detailed
Director
Eva Boratto
Detailed
Director
Franck Moison
Detailed
Director
John Morikis
Detailed
Director
Kate Johnson
Detailed
Director
Kevin Clark
Detailed
Director
Kevin Warsh
Detailed
Director
Rodney Adkins
Detailed
Director
Russell Stokes
Detailed
Director
Wayne Hewett
Detailed
Director
William Johnson
Detailed
Independent Board Chair
Research analysts who have asked questions during UNITED PARCEL SERVICE earnings calls.
Jordan Alliger
Goldman Sachs
7 questions for UPS
Also covers: ARCB, CSX, FDX +12 more
Ariel Rosa
Citigroup
6 questions for UPS
Also covers: ARCB, CHRW, CNI +16 more
Brian Ossenbeck
JPMorgan Chase & Co.
6 questions for UPS
Also covers: ARCB, CHRW, CNI +18 more
Christian Wetherbee
Wells Fargo
6 questions for UPS
Also covers: ARCB, CHRW, CNI +14 more
David Vernon
Sanford C. Bernstein & Co., LLC
6 questions for UPS
Also covers: AAL, AUR, CNI +7 more
J. Bruce Chan
Stifel
6 questions for UPS
Also covers: ARCB, CENN, CHRW +14 more
Ken Hoexter
BofA Securities
6 questions for UPS
Also covers: ARCB, CHRW, CNI +21 more
Scott Group
Wolfe Research
6 questions for UPS
Also covers: AAL, ALGT, ALK +35 more
Stephanie Moore
Jefferies
5 questions for UPS
Also covers: APG, ARCB, ARMK +30 more
Ravi Shanker
Morgan Stanley
4 questions for UPS
Also covers: AAL, ALGT, ALK +27 more
Thomas Wadewitz
UBS
4 questions for UPS
Also covers: ALK, ARCB, CHRW +20 more
Conor Cunningham
Melius Research
3 questions for UPS
Also covers: AAL, ABNB, ALGT +16 more
Jonathan Chappell
Evercore ISI
3 questions for UPS
Also covers: ASC, CHRW, CNI +20 more
Bascome Majors
Susquehanna Financial Group
2 questions for UPS
Also covers: CHRW, CNI, CSX +20 more
Brandon Oglenski
Barclays
2 questions for UPS
Also covers: AAL, ALGT, ALK +20 more
Jason Seidl
TD Cowen
2 questions for UPS
Also covers: ARCB, CHRW, CSX +17 more
Joseph Lawrence Hafling
Jefferies
2 questions for UPS
Also covers: FWRD, GXO, RXO +3 more
Tom Wadewitz
UBS Group
2 questions for UPS
Also covers: ARCB, CHRW, CNI +19 more
Ben Mohr
Citigroup Inc.
1 question for UPS
Also covers: CHRW
Daniel Imbro
Stephens Inc.
1 question for UPS
Also covers: ARCB, CHRW, CNI +23 more
Jake Lacks
Wolfe Research, LLC
1 question for UPS
Justine Weiss
Bernstein
1 question for UPS
Ken Hoekster
Bank of America
1 question for UPS
Also covers: WAB
Ravi Shankar
Morgan Stanley
1 question for UPS
Also covers: ALK, AUR, CP +6 more
Rob Salmon
Wells Fargo & Company
1 question for UPS
Recent press releases and 8-K filings for UPS.
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
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
UPS cuts 48,000 jobs and closes 93 facilities
UPS
Layoffs
Guidance Update
Demand Weakening
- UPS cut about 48,000 jobs (34,000 operational, 14,000 management) and closed 93 facilities in the first nine months of 2025 as part of its “Fit to Serve” restructuring.
- The actions have generated $2.2 billion in savings through Sept. 30 toward a $3.5 billion annual target.
- In Q3, UPS reported $21.42 billion in revenue and adjusted EPS of $1.74 (GAAP EPS $1.55), exceeding analyst expectations.
- Amazon volume was down 21% in Q3, with UPS planning to reduce Amazon shipments by over 50% by H2 2026.
- Management forecasts Q4 revenue of about $24 billion and notes that tariff uncertainty has largely eased.
Oct 28, 2025, 1:39 PM
UPS reports Q3 2025 results
UPS
Earnings
Guidance Update
M&A
- UPS reported $21.4 billion in consolidated revenue, $2.1 billion operating profit with a 10% margin, and diluted EPS of $1.74 (including a $330 million leaseback gain); YTD free cash flow was $2.7 billion.
- U.S. domestic Q3 ADV declined 12.3%; revenue per piece rose 9.8%, yielding $14.2 billion in revenue and a 6.4% operating margin.
- International ADV grew 4.8% (exports 5.9%), driving $4.7 billion in revenue (+5.9%) and a 14.8% margin, though operating profit fell by $101 million due to trade-lane shifts.
- Supply Chain Solutions revenue was $2.5 billion (down $715 million), with operating profit of $536 million and 21.3% margin; DAP revenue reached $2.8 billion YTD (+20%), and UPS expects to close the Andlauer Healthcare acquisition in early November.
- UPS has cut $2.2 billion in expenses YTD via network reconfiguration (including 93 building closures and Amazon volume down 21.2%), targets $3.5 billion in 2025 savings, and guides Q4 revenue of ~$24 billion at ~11.5% margin.
Oct 28, 2025, 12:30 PM
UPS reports Q3 2025 earnings results
UPS
Earnings
Guidance Update
- UPS’s consolidated revenue was $21.4 billion (down 3.7% Y/Y) and non-GAAP adjusted EPS was $1.74 (down 1.1% Y/Y).
- U.S. Domestic segment delivered $14.2 billion in revenue (−2.6% Y/Y) and a 6.4% non-GAAP operating margin (+10 bps).
- International segment revenue rose 5.9% Y/Y to $4.7 billion, with a 14.8% non-GAAP operating margin (−320 bps).
- Supply Chain Solutions revenue declined 22.1% Y/Y to $2.5 billion, but operating profit nearly doubled to $536 million (21.3% margin), helped by a $330 million sale-leaseback gain.
- 4Q25 guidance: consolidated revenue of $24.0 billion, non-GAAP operating margin of 11.0–11.5%; U.S. Domestic revenue ~$16.2 billion (9.5–10.0% margin); International $5.0 billion (17.0–18.0% margin); Supply Chain Solutions $2.7 billion (9.0% margin).
Oct 28, 2025, 12:30 PM
UPS reports Q3 2025 results
UPS
Earnings
Guidance Update
- Consolidated revenue of $21.4 B, operating profit of $2.1 B, operating margin 10%, diluted EPS $1.74, and YTD free cash flow $2.7 B.
- U.S. domestic ADV down 12.3% (Amazon glide-down and lower-yielding e-commerce), but revenue per piece up 9.8% and domestic operating margin at 6.4%.
- International ADV grew 4.8%, revenue rose 5.9% to $4.7 B, with operating margin of 14.8% pressured by trade-lane mix shifts.
- On track to remove $3.5 B in costs in 2025; $2.2 B of expense reductions YTD via >16 M fewer operational hours, 34 k position cuts, and 195 operations closures.
- Q4 guidance: revenue ~$24 B, operating margin ~11.5%; 2025 capex $3.5 B, dividends $5.5 B, and share repurchase $1 B.
Oct 28, 2025, 12:30 PM
UPS reports Q3 2025 results
UPS
Earnings
Guidance Update
M&A
- UPS delivered Q3 consolidated revenue of $21.4 billion, operating profit of $2.1 billion, operating margin of 10%, and year-to-date free cash flow of $2.7 billion.
- U.S. average daily volume declined 12.3% year-over-year amid the Amazon glide-down and lower-yield e-commerce cuts, while U.S. revenue per piece rose 9.8% and U.S. operating margin expanded by 10 bps.
- Through network reconfiguration and efficiency initiatives, UPS has reduced expenses by $2.2 billion YTD—closing 93 buildings and cutting over 16 million operational hours—and remains on track for $3.5 billion in 2025 savings.
- Q4 guidance calls for consolidated revenue of ~$24 billion and operating margin of ~11.5%, with U.S. domestic margin of 9.5–10% and international revenue of ~$5 billion at 17–18% margin.
- UPS expects to close its acquisition of Andlauer Healthcare Group in early November and has generated $2.8 billion in global Digital Access Program revenue YTD, targeting >$3.5 billion for full-year 2025.
Oct 28, 2025, 12:30 PM
UPS beats Q3 estimates, raises Q4 outlook
UPS
Earnings
Guidance Update
Dividends
- UPS reported $21.4 billion in Q3 revenue and an adjusted EPS of $1.74, surpassing analyst forecasts.
- U.S. domestic revenue fell 2.6% on lower shipping volumes, while international revenue grew nearly 6% driven by pricing and air cargo demand.
- A sale-leaseback transaction added $0.30 to EPS, highlighting the company’s focus on high-margin shipments and cost efficiencies.
- UPS expects Q4 revenue of about $24 billion and an adjusted operating margin between 11.0% and 11.5%.
- For full-year 2025, UPS plans to pay approximately $5.5 billion in dividends, reflecting strong cash flow generation.
Oct 28, 2025, 10:24 AM
UPS announces Q3 2025 earnings
UPS
Earnings
Guidance Update
- Consolidated revenues of $21.4 B with GAAP operating margin of 8.4% and non-GAAP adjusted margin of 10.0%.
- Diluted EPS of $1.55; non-GAAP adjusted EPS of $1.74.
- Segment trends: U.S. Domestic revenue down 2.6% to $14.2 B, International up 5.9% to $4.7 B, Supply Chain Solutions down 22.1% to $2.5 B.
- Fourth-quarter 2025 guidance: revenue of ~$24.0 B and non-GAAP adjusted operating margin of 11.0%–11.5%.
Oct 28, 2025, 10:09 AM
UPS reports 3Q 2025 earnings
UPS
Earnings
Guidance Update
Dividends
- UPS delivered $21.4 billion in consolidated revenue with a GAAP operating margin of 8.4 % (non-GAAP: 10.0 %) in 3Q 2025.
- GAAP diluted EPS was $1.55, and non-GAAP adjusted diluted EPS came in at $1.74.
- International segment revenue rose 5.9 % to $4.673 billion, achieving a 14.5 % operating margin.
- For 4Q 2025, UPS guides to approximately $24.0 billion in revenue and a non-GAAP adjusted operating margin of 11.0 %–11.5 %.
- Full-year 2025 capital allocation includes $3.5 billion in capex, $5.5 billion in dividends, $1.4 billion in pension contributions, and $1.0 billion in completed share repurchases.
Oct 28, 2025, 10:00 AM
Quarterly earnings call transcripts for UNITED PARCEL SERVICE.
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