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 | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.