--- title: "United Parcel Service: Metrics Guide" description: "United Parcel Service revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/united-parcel-service/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # United Parcel Service: Financial & Operating Metrics Guide ## Direct Answer United Parcel Service reported revenue of $88.7 billion for the fiscal year ended December 31, 2025, with an operating margin of 8.9% and net income of $5.6 billion, according to its SEC filings. Revenue fell 2.6% from the prior year. ## What Are United Parcel Service's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $88.7 billion | $91.1 billion | $91.0 billion | $100 billion | | Operating income | $7.9 billion | $8.5 billion | $9.1 billion | $13.1 billion | | Operating margin | 8.9% | 9.3% | 10.0% | 13.0% | | Net income | $5.6 billion | $5.8 billion | $6.7 billion | $11.5 billion | | Net margin | 6.3% | 6.3% | 7.4% | 11.5% | | Operating cash flow | $8.4 billion | $10.1 billion | $10.2 billion | $14.1 billion | | Capital expenditures | $3.7 billion | $3.9 billion | $5.2 billion | $4.8 billion | | Free cash flow | $4.8 billion | $6.2 billion | $5.1 billion | $9.3 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $4.8 billion against net income of $5.6 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of United Parcel Service revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $88.7 billion, operating income $7.9 billion and net income $5.6 billion.](https://www.getswoopr.com/images/charts/united-parcel-service-metrics-revenue-profit.webp) *United Parcel Service revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of United Parcel Service operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 8.9% and net margin was 6.3%.](https://www.getswoopr.com/images/charts/united-parcel-service-metrics-margins.webp) *United Parcel Service operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of United Parcel Service operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $8.4 billion, capital expenditures was $3.7 billion, free cash flow was $4.8 billion.](https://www.getswoopr.com/images/charts/united-parcel-service-metrics-cash-flow.webp) *United Parcel Service operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does United Parcel Service's Balance Sheet Show? | Cash and cash equivalents | $5.9 billion | | --- | --- | | Long-term debt | $23.6 billion | | Total assets | $73.1 billion | | Total liabilities | Not reported | | Shareholders' equity | $16.2 billion | | Current ratio | 1.2x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value United Parcel Service reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-008432 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was United Parcel Service's revenue in fiscal 2025? United Parcel Service reported revenue of $88.7 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is United Parcel Service's operating margin? United Parcel Service's operating margin was 8.9% in fiscal 2025: operating income of $7.9 billion on revenue of $88.7 billion. ### How much free cash flow did United Parcel Service generate? Operating cash flow of $8.4 billion less capital expenditures of $3.7 billion gives free cash flow of $4.8 billion for fiscal 2025. ## References - [SEC EDGAR: UNITED PARCEL SERVICE INC Form 10-K filed February 17, 2026](https://www.sec.gov/Archives/edgar/data/1090727/000162828026008432/ups-20251231.htm) - [SEC EDGAR: UNITED PARCEL SERVICE INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1090727&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [United Parcel Service company dossier](https://www.getswoopr.com/stocks/companies/united-parcel-service/) - [United Parcel Service financial metrics](https://www.getswoopr.com/stocks/companies/united-parcel-service/metrics/) - [United Parcel Service financial risk indicators](https://www.getswoopr.com/stocks/companies/united-parcel-service/risks/) - [United Parcel Service peer comparison](https://www.getswoopr.com/stocks/companies/united-parcel-service/competitors/) - [United Parcel Service business model and revenue mix](https://www.getswoopr.com/stocks/companies/united-parcel-service/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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