UPS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

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Price $93.25
P/E (TTM) 17.3
EPS (TTM) $5.38
Revenue (TTM) $89.93B
ROE (TTM) 29.7%
52W Range $82–$122

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About United Parcel Service, Inc. Common Stock Company overview from Wikipedia

05 · wikidata

United Parcel Service, Inc. (UPS) is an American multinational shipping-and-receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. UPS offers air shipping on an overnight or two-day basis and delivers to post office boxes through UPS Mail Innovations and UPS Ground Saver.

UPS is the largest courier company in the world by revenue, with annual revenues around US$85 billion in 2020, ahead of competitors DHL and FedEx. UPS's main international hub, UPS Worldport in Louisville, Kentucky, is the fifth busiest airport in the world by cargo traffic based on preliminary statistics from ACI, and the third busiest in the U.S. The company is one of the largest private employers in the United States. As of 2023, UPS is third in U.S. parcel volumes shipped since 2015, trailing the United States Postal Service and Amazon.

History

Foundation

On August 28, 1907, James E. Casey founded the American Messenger Company with Claude Ryan in Seattle, Washington, capitalized with $100 in debt. Most deliveries at this time were made on foot and bicycles (later streetcars) were used for longer trips. The company received telephone calls for its deliveries.

The American Messenger Company focused primarily on package delivery to retail stores with special delivery mail coming into Seattle for its largest client, the United States Post Office Department—the predecessor of today's United States Postal Service. Due to improvements in telephony and in the auto industry, demand for messenger service declined. The company addressed this by shifting focus to package delivery for retail stores. In 1913, the company acquired a Ford Model T as its first delivery vehicle. Casey and Ryan merged with a competitor, Evert McCabe, and formed Merchants Parcel Delivery. Consolidated delivery was also introduced, combining packages addressed to a certain neighborhood onto one delivery vehicle.

In 1916, Charlie Soderstrom joined Merchants Parcel Delivery bringing in more vehicles for the growing delivery business. In 1919, the company expanded for the first time outside of Seattle to Oakland, California, and changed its name to United Parcel Service.

The common carrier service was acquired in 1922 from a company in Los Angeles, California. UPS became one of the only companies in the United States to offer common carrier service. At first, common carrier was only limited to a small area around Los Angeles but by 1927 expanded to areas up to 125 miles outside the city. In 1924, a conveyor belt system was debuted for the handling of packages for UPS operations.

In 1930, a consolidated carrier service began in New York City; soon after, the company expanded its services to include other major cities in the East and the Midwest. The use of a common carrier for delivery between all customers placed UPS in direct competition with USPS, and delivering parcels beyond the California border brought it under the jurisdiction of the Interstate Commerce Commission. The first city for UPS to use common carrier status outside California was Chicago, Illinois, in 1953.

Air service through UPS was first used in 1929 through private airlines. However, the Great Depression and a lack of volume ended the service. In 1953, UPS resumed air service called UPS Blue Label Air with two-day service to major cities along the East Coast and West Coast.

Expansion and diversification

In 1975, UPS moved its headquarters to Greenwich, Connecticut, and began serving all of the 48 contiguous states of the United States. This expansion of operations made UPS the first package delivery company to serve every address in the contiguous United States. Additionally in 1975, UPS went international by establishing operations in Canada. In 1976, UPS established a domestic operation in West Germany.

UPS Next Day Air Service was launched in 1985 for all 48 contiguous states plus Puerto Rico. In 1988, UPS Airlines was launched with authorization from the Federal Aviation Administration and became the fastest-growing airline in FAA history – currently the 10th largest airline in the United States. Domestic air service was added to Germany in 1989. In 1991, UPS relocated its headquarters to Sandy Springs, Georgia, a suburb of Atlanta. Following this in 1992, UPS acquired both Haulfast and Carryfast and rebranded them into UPS Supply Chain Solutions. Haulfast provided the pallet haulage and trucking network for the CarryFast group of companies. By 1993, UPS was delivering up to 11.5 million packages and documents per day.

In order for the company to service the large volume of customers in 1991, UPS developed technologies to improve efficiency. A handheld device named the "Delivery Information Acquisition Device" (DIAD) was created to record and upload delivery information to the UPS network immediately upon pickup by every UPS driver. In 1992, UPS began tracking all ground shipments electronically. In 1994, UPS.com debuted, and provided an interface to make what was primarily internal operational information available for customer access.

In 1995, UPS acquired SonicAir to offer service parts logistics and compete with Choice Logistics. In the same year, UPS launched the UPS Logistics Group to facilitate global supply chain management services and consulting for customer needs. In 1997, a walkout by the 185,000 members of the Teamsters shut down UPS for 16 days. In 1998, UPS Capital was established to enable companies to grow their business through a comprehensive menu of integrated financial services through UPS. UPS acquired Challenge Air in 1999 to expand its operations in Latin America.

On November 10, 1999, UPS became a public company in the largest initial public offering of the 20th century.

21st century

In 2001, UPS acquired Mail Boxes Etc., Inc., a franchised network of packing and shipping retail centers across the United States and Canada. In 2003, the company rebranded the Mail Boxes, Etc. network as The UPS Store.

In 2004, UPS entered the heavy freight business with the purchase of Menlo Worldwide Forwarding, a former subsidiary of Menlo Worldwide; UPS rebranded it as UPS Supply Chain Solutions. The purchase price was US$150 million and the assumption of US$110 million in long-term debt.

On August 5, 2005, UPS announced that it had completed its acquisition of less-than-truckload (LTL) trucking company Overnite Transportation for US$1.25 billion. This was approved by the FTC and Overnite shareholders on August 4, 2005. On April 28, 2006, Overnite officially became UPS Freight.

In 2005, UPS offered non-stop delivery service between Guangzhou and the United States. On October 3, 2005, UPS completed the purchase of Lynx Express, one of the largest independent parcel carriers in the United Kingdom, for £55.5 million (US$97.1 million) after receiving approval for the transaction from the European Commission. The first joint package car center operation in Dartford, Kent, was opened in 2006.

On August 28, 2007, United Parcel Service celebrated its 100th anniversary. All Nippon Airways, a Star Alliance member, and UPS formed a cargo alliance and codeshare agreement to transport member cargo in 2008, similarly to an airline alliance.

On March 19, 2012, UPS announced that it intended to acquire TNT Express for $6.8 billion, in a move to help expand its presence in European and Asian markets. However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission and as such had been blocked on competition grounds.

In February 2012, UPS acquired Brussels-based company Kiala that provides e-commerce retailers the option to have goods delivered to a conventional retail location.

In 2018, The Wall Street Journal reported that UPS's operations were hampered by its outdated 20th-century technology, lagging behind its competitors.

In May 2019, UPS launched a partnership with autonomous trucking startup TuSimple to carry cargo across Phoenix, Arizona, and Tucson, Arizona.

In October 2019, UPS won the approval of the Federal Aviation Administration to fly drones. The certification will allow UPS to deliver health care supplies using a fleet of drones.

On January 29, 2020, UPS announced it was investing in UK start-up Arrival and ordering 10,000 Generation 2 electric vehicles as a step towards a cleaner, more high-tech fleet. The deal ran from 2020 until 2024 and was reported to be worth more than $400 million.

In March 2020, the company appointed Carol Tomé to succeed David Abney as its chief executive officer. It was viewed as a move to steer the parcel delivery company through the turbulence of trade wars, technological disruption and the risk of a pandemic-induced recession.

In March 2020, UPS expanded its autonomous trips with TuSimple by adding an extra route between Phoenix and El Paso, Texas.

In January 2021, UPS announced it had agreed to sell UPS Freight, its less-than-truckload freight business, to TFI International, a Canadian transport and logistics company, for $800 million. UPS said the move would allow it to focus on small-package delivery. At the time of the sale, UPS Freight had about 14,500 employees, approximately 11,000 of them represented by the Teamsters union, and generated an estimated $3.15 billion in revenue in 2020 offering services across the US, Canada, and Mexico. TFI had reported $4.1 billion in revenue in 2019 and already operated truckload and LTL services in Canada. The acquisition was completed in April and UPS Freight was renamed TForce Freight.

In 2021, following the company's shift to target smaller customers to boost profits during the COVID-19 pandemic, UPS reported a 21% jump in their fourth quarter sales to $24.9 billion. CEO Carol Tomé reported that Amazon paid UPS $11.3 billion in shipping in 2020, accounting for 13.3% of the company's revenue.

In September 2021, UPS entered into an agreement to acquire Roadie for an undisclosed amount with the transaction expected to be closed in the fourth quarter.

In May 2022, UPS acquired logistics company Delivery Solutions, a key partner for Walmart's GoLocal network.

In November 2022, it was announced UPS had acquired the healthcare focused, Europe-based warehousing and temperature-controlled transport company, Bomi Group.

In September 2023, it was announced UPS had acquired the Long Beach, California-headquartered time-critical, health care logistics company, MNX for an undisclosed amount.

In October 2023, it was announced UPS had acquired the Los Angeles-headquartered reverse logistics company, Happy Returns from PayPal for an undisclosed amount.

In January 2024, UPS announced that it planned to cut 12,000 jobs and mandate that staff return to the office five days a week. Chief Executive Carol Tomé blamed the move on a "difficult and disappointing year" in 2023.

In July 2024, UPS announced an agreement to acquire the Mexican logistics company Estafeta. Although the deal was expected to close in the first half of 2025, UPS terminated the planned acquisition on September 17, 2025, citing the inability to satisfy all required closing conditions in a filing with the SEC. According to reporting by The Wall Street Journal, the cancellation follows a more than year-long effort to integrate the Mexican small-package provider into UPS's regional growth strategy.

In October 2025, the company announced it had reduced its workforce by 48,000 jobs in 2025, with 14,000 positions cut in management and 34,000 positions across its operations.

In 2025, UPS began reducing the volume of packages it handled for its largest customer, Amazon, as part of a strategy to focus on higher-yielding business. The change was part of a broader restructuring of UPS's network and business portfolio.

Operational facilities

United States

Louisville UPS Worldport

UPS' global hub for air shipments is the Worldport, located at Louisville Muhammad Ali International Airport. The facility contributes to the airport's status of the third-busiest cargo airport in the United States and the fifth-busiest worldwide.

The Worldport consists of:

290 aircraft;

more than 20,000 employees;

5.2 million square feet of building space (about 90 football fields).

the capacity to handle 115 packages per second (equivalent to 416,000 packages flowing through its facilities every hour);

Regional air hubs

UPS has five large regional air hubs in the United States, located in Ontario, California; Dallas, Texas; Rockford, Illinois; Philadelphia, Pennsylvania; and Atlanta, Georgia. These hubs serve as centers for sorting, transfer and delivery of packages.

Europe

UPS European service hub

UPS' European service hub is located at Cologne Bonn Airport in Cologne, Germany.

The Cologne Hub handles 190,000 packages an hour in the 57,000m² facility. It is the second-busiest UPS hub worldwide, in terms of daily flights serving more than 200 countries and territories around the world.

Poland

UPS has established a 11,000 square meter package center in Mysłowice. The facility is equipped with a conveyor belt system capable of sorting up to 6,000 packages per hour. It also offers parking for 170 package cars and houses a customer call center. The Mysłowice facility is more than three times larger than the one in Katowice. Mysłowice was chosen as the location for the new facility in 2017 due to its proximity to various business distribution centers and Katowice airport, where UPS has invested in additional air cargo capacity.

Turkey

UPS has 15 small package and four SCS operating facilities in Turkey, located in various cities such as Istanbul, Ankara, Izmir, Bursa, and Antalya.

Asia-Pacific Region

Asia-Pacific Air Hub

UPS's Asia-Pacific Air Hub is located at Singapore Changi Airport. The hub has been expanded by 25% in 2023 to meet the growing e-commerce demand following the pandemic. After the upgrade, it can process 40% more import packages and 45% more export packages, enabling extended pick-up cut-off times for all export services.

The hub also features refrigerators and freezers that can maintain temperatures between −20 and 25 °C (−4 and 77 °F) to facilitate the temporary storage of shipments, especially for critical healthcare deliveries such as COVID-19 vaccines. It is part of Changi's cold chain infrastructure, which ensures an unbroken cold chain for pharmaceutical manufacturers.

Regional hubs

UPS has five regional hubs in the Asia-Pacific region, located in Hong Kong, Japan, Korea, Malaysia, and Thailand. These hubs serve as major sorting and distribution centers for packages moving within and between regions.

Finances

For the fiscal year 2023, UPS reported earnings of US$6.71 billion, with an annual revenue of US$90.96 billion, a 9 percent decrease over the previous fiscal cycle. UPS ranked No. 34 on the 2022 Fortune 500 list of the largest United States corporations by total revenue.

Operations

UPS's primary business is the time-definite delivery of packages and documents worldwide. In recent years, UPS has extended its service portfolio to include less-than-truckload (LTL) transportation and supply chain services, primarily in the U.S.

UPS reports its operations in three segments:

U.S. Domestic Package operations,

International Package operations, and

Supply Chain & Freight operations.

United States domestic shipping

UPS services for consumers include:

UPS Ground for day-definite delivery. Can take up to 5 days.

UPS 3-Day Select for less-sensitive express shipments. This service may use either air or ground transportation depending on distance, demand, and weather conditions, and as noted by its name, can take up to three days.

UPS 2nd Day Air for packages that must arrive within two days. UPS also offers a 2nd Day Air AM service which offers morning delivery.

UPS Next Day Air for shipments that require overnight service. UPS splits Next Day Air into three tiers:

Next Day Air Saver: guaranteed overnight shipping with afternoon delivery

Next Day Air: guaranteed overnight delivery between 10:30 AM and noon

Next Day Air Early: guaranteed overnight shipping by 8:30 AM for major US cities and 9:30 AM to most other destinations.

UPS Express Critical: UPS' fastest service. Delivers to all 50 states, DC, and Puerto Rico by end of day.

UPS also offers UPS Ground Saver (formerly SurePost), in which packages are handled by UPS in intermodal transit, and delivered last-mile by USPS.

International Package

International Package operations include delivery to more than 220 countries and territories worldwide, including shipments wholly outside the United States, as well as shipments with either origin or distribution outside the United States.

UPS splits its international shipping into a few services:

UPS Standard for shipments to Mexico and Canada

UPS Worldwide Expedited for all international shipments usually delivered within 2-5 business days

UPS Worldwide Saver, also for all international shipments usually delivered overnight to Canada, 2 Days to Mexico, Latin America, and Europe, and 3 or more days to the rest of the world, all by the end of the day.

UPS Worldwide Express for more critical international shipments with similar time frames to Worldwide Saver. Delivers around 10:30 AM to Noon.

UPS Worldwide Express Plus for Worldwide Express shipments that need to arrive to their destination earlier in the morning.

Supply Chain & Freight

Supply Chain & Freight (UPS-SCS for UPS Supply Chain Solutions) includes UPS' forwarding and contract logistics operations and other related business units. UPS' forwarding and logistics business provides services in more than 175 countries and territories worldwide and includes worldwide supply chain design, execution and management, freight forwarding and distribution, customs brokerage, mail and consulting services.

Other business units within this segment include The UPS Store and UPS Capital.

Trailer / railroad reporting marks: UPGX, UPGZ, UPOZ, UPSZ, UPWZ, UPSC, UPSU, NONZ

NMFTA SCAC code: UPSS, UPSN, UPSC

Until 2021, this segment also included UPS Freight which offered a variety of less than truckload ("LTL") and truckload ("TL") services to customers in North America. UPS Freight was sold to TFI International in April 2021 and was renamed TForce Freight.

Personnel structure

In 2016, UPS employed approximately 444,000 staff: 362,000 in the U.S. and 82,000 internationally. In 2023, approximately 330,000 UPS drivers, package handlers, and clerks are represented by the International Brotherhood of Teamsters with more than 50% of those being part-time workers. In 2023, the average UPS full-time package delivery worker with more than four years experience was paid $95,000 per year.

During the United Parcel Service strike of 1997, the company's only nationwide strike in its history, which lasted 16 days, Teamster President Ron Carey negotiated a new contract for workers. In July 2023, before their contract was set to expire, a strike was threatened over union demands of increases in wages, benefits, and air conditioning in delivery vans. A 10-day strike would have been the largest single-employer strike in US history and would have cost the US economy more than $7 billion. The strike was called off after UPS agreed to increase starting pay for part-time workers to $21 per hour, in addition to other concessions.

UPS had previously announced the non-economic portions of the agreement had been settled, including to equip new delivery vans with air conditioning starting January 2024 combined with retrofitting existing vehicles with 2 fans, additional ventilation of the cargo area and shielding to reduce heat from the exhaust being transmitted to the cargo area of delivery vehicles. All tractor trailers are already equipped with AC.

Chief executives

1907–1962, James E. "Jim" Casey

1962–1972, George D. Smith

1972–1973, Paul Oberkotter

1973–1980, Harold Oberkotter

1980–1984, George Lamb

1984–1989, John W. Rogers

1989–1996, Kent C. "Oz" Nelson

1997–2001, James P. Kelly

2002–2007, Michael L. "Mike" Eskew

2008–2014, Scott Davis

2014–2020, David Abney

2020–current, Carol B. Tomé

Competitors

Major competitors in the United States include the United States Postal Service (USPS), FedEx, and Amazon Logistics, along with regional carriers such as OnTrac, and LSO (formerly Lonestar Overnight). In addition to these domestic carriers, UPS competes with a variety of international operators, including SF Express, Canada Post (and its subsidiary Purolator), TransForce, Deutsche Post (and its subsidiary DHL), La Poste (France) (and its subsidiary Chronopost), Royal Mail, Japan Post Service, and many other regional carriers, national postal services and air cargo handlers.

Historically, the bulk of competition for UPS came from inexpensive ground-based delivery services, such as Parcel Post (USPS) or Choice Logistics. In 1998, FedEx expanded into ground parcel delivery through its acquisition of RPS (formerly Roadway Package System), rebranding it as FedEx Ground in 2000. In 2003, DHL acquired Airborne Express, expanding its operations in the United States.

In response to the expansion of FedEx and DHL, UPS partnered with the US Postal Service to offer UPS Mail Innovations, a program that allows UPS to pick up mail and packages weighing under one pound separately from the main ground network and transfer them to a USPS center, or destination delivery unit (DDU), for final distribution. This process is also known as zone skipping, long used by parcel consolidators. UPS also has a separate product called "Ground Saver" which uses the UPS Ground network to deliver packages weighing under 10 pounds to the nearest UPS Package Center, which transfers them to the USPS DDU for "final mile" delivery.

More recently, the continued growth of online shopping, combined with increasing awareness of the role of transportation (including package delivery) on the environment, has contributed to the rise of emerging competition from niche carriers or rebranded incumbents. For instance, the US Postal Service claims "greener delivery" of parcels on the assumption that USPS letter carriers deliver to each US address, six days a week anyway, and therefore offer the industry's lowest fuel consumption per delivery. Other carriers, like ParcelPool.com, which specializes in residential package delivery to APO/FPO addresses, Hawaii, Alaska, Puerto Rico, and other US Territories, arose in response to increased demand from catalog retailers and online e-tailers for low-cost residential delivery services closely matching service standards normally associated with more expensive expedited parcel delivery.

In 2019, UPS sued in an attempt to force USPS to raise their prices, but was rejected by the Supreme Court.

Transportation

UPS operates over 119,000 delivery vehicles worldwide, ranging from bicycles to tractor-trailer trucks. In a long-running company policy to avoid advertisement or endorsement of a vehicle manufacturer, all external manufacturer emblems and badging are removed when a vehicle enters service (whenever possible).

The typical lifespan of a UPS ground vehicle is 20–25 years (or more), lasting until the structural integrity is compromised. The company does not re-sell any of its ground vehicles. As such, retired vehicles are almost always stripped of reusable parts before being sent to be crushed/broken up. Prior to scrapping, UPS trucks and trailers have all company branding painted over and are assigned an ADA (Automotive Destruction Authorization) number and must be crushed under the supervision of UPS Automotive personnel, which records the vehicle's destruction. The only exception to this policy are vehicles taken off the road for internal company use; package cars (repainted white) are used for various purposes (typically at large hubs); older semi tractors sometimes see use as terminal tractors.

Delivery vans

UPS refers to its delivery van as a "package car". Several designs and sizes are used by the company, dependent on routes and package volume; the distinct design of the rounded "bubble-nose" front hood and upper roofline was introduced in 1965. The bodies of the package cars are manufactured by Morgan Olson (Grumman Olson), Union City Body, and Utilimaster; while older vehicles were based on Ford or General Motors P-chassis, vehicles manufactured in the 21st century use Freightliner or Workhorse chassis.

Until the end of the 20th century, UPS delivery vehicles were equipped with manual transmissions and steering, with automatic transmissions and power steering adopted by newer vehicles.

For lower-volume delivery routes, UPS utilizes production-based vehicles, including minivans (including the Ford Transit Connect or the Ford Transit, and Dodge Grand Caravan C/V) and Mercedes-Benz (Dodge/Freightliner) Sprinter box vans. UPS has ordered Modec electric vans for its UK and German fleets. Energy costs play a huge part in the potential profitability of package delivery companies.

Most UPS Ground vehicles have no air conditioning, with the exception of tractor-trailers. This has been considered to be a contributing factor to heatstroke and other heat-related health problems in drivers who work in these vehicles for the entire shift. Modern vehicles have improved ventilation systems.

On January 29, 2020, UPS invested in Arrival and ordered 10,000 Generation 2 Electric Vehicles.

Bicycles

In 2008, UPS started hiring bicycle delivery personnel in Vancouver, Washington, and in several cities in Oregon (Portland, Salem, Corvallis, Eugene, and Medford). In fall of 2018, UPS announced a new program in Seattle, Washington using pedal-assist electric cargo bikes (made by Portland-based Truck Trike) around Pike Place and other congested downtown areas. In Amsterdam UPS also uses Urban Arrow delivery bicycles for delivery via a granted concession.

Cargo airline

The fourth-largest cargo airline worldwide, UPS Airlines flies to over 800 destinations worldwide (the most of any airline, cargo or passenger). Formed in 1988, the airline is headquartered in Louisville, Kentucky (home to Worldport, its worldwide air hub) with additional hubs in the United States located in Ontario, California, Dallas, Texas, Rockford, Illinois and Philadelphia. Outside of North America, a hub in Cologne, Germany services Europe; in Asia, UPS Airlines operates a facility in Hong Kong and two hubs in mainland China.

Consisting of a fleet of nearly 300 aircraft (as of 2025), the airline competes directly against FedEx Express, facilitating air shipments by the company in over 200 countries and territories worldwide.

Cargo drone airline

UPS Flight Forward is a subsidiary which was formed in July 2019 and approved by FAA for Part 135 Standard certification, first ever to receive this specific type of certification. The FAA's Part 135 Standard certification allows company to operate an unlimited number of drones of any size (even allowing the cargo to exceed 55 pounds) even with an unlimited number of remote operators in command.

Company brand

Brown

The brown color that UPS uses on its vehicles and uniforms is called Pullman brown. Company founder James E. Casey originally wanted company vehicles to use a yellow paint scheme, but one of his partners, Charlie Soderstrom, stated that a yellow vehicle would be hard to keep clean and that Pullman railroad cars were brown for just that reason.

During the 2000s, the company used the familiarity of its color scheme in an advertising slogan: "What can Brown do for you?"

Font

UPS commissioned brand consultancy FutureBrand to develop its own font, UPS Sans, for use in marketing and communication material. UPS Sans was created by slightly altering certain parts of FSI FontShop International's font FF Dax without permission. This has resulted in an agreement between FSI FontShop International and FutureBrand to avoid litigation.

Reputation

UPS has been criticized for its treatment of its workforce, including providing inadequate protections and sick leave during the COVID-19 pandemic.

The company has also been subject to perennial criticism for damaged, late, or otherwise mishandled packages.

Safe streets activists have attacked UPS, along with other parcel delivery services, for frequently illegally parking their vehicles in bike lanes while making deliveries, a practice that endangers cyclists. They were sued over it in New York in 2015, and criticized alongside peers in a letter from Washington, D.C.'s transportation agency in 2018.

Environmental record

As of 2013, UPS has over 104,900 vehicles in operation worldwide including nearly 7,000 alternative fuel vehicles. In May 2008, UPS placed an order for 200 hybrid electric vehicles (adding to the 50 it had at that point) and 300 compressed natural gas (which are 20% more fuel efficient, and add to the 800 it already has) vehicles from Daimler Trucks North America. The company added 200 hybrid electric vehicles to its fleet in 2016.

UPS received a "striding" rating of 80 points out of 100 totals on the environmental scorecard by the Climate Counts Group for its efforts to lessen the company's impact on the environment. UPS has also been awarded the Clean Air Excellence Award by the United States Environmental Protection Agency because of the alternative fuel program it has developed. A few years later, the Environmental Protection Agency fined the UPS for not following environmental laws.

In October 2009, UPS became the first small-package carrier to offer customers the chance to buy carbon offsets to neutralize the greenhouse gas emissions generated by the transport of their packages. Although initially only available on ups.com and to high-volume shippers, they are now widely available through UPS shipping systems and UPS Ready third-party shipping systems.

Carbon footprint

UPS reported Total CO2e emissions (Direct + Indirect) for the twelve months ending December 31, 2020, at 16,500 Kt (+1,546/+10% y-o-y). UPS aims to reach net zero emissions by 2050.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorLogistics & Transportation industryLogistics & Transportation employees460,000 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$88.66B
2017-12-31 → 2025-12-31
EPS$6.56
2017-12-31 → 2025-12-31
Free Cash Flow$4.76B
2017-12-31 → 2025-12-31
Net margin5.1%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend UPS 5Y avg Peer Median Verdict
P/E (TTM) 17.35Y avg ≈16.8 ≈16.8 20.0 Fair value
PEG Ratio ≈0.5 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio96.9%
Annualized Payout≈$6.56Paid quarterly
5Y Div CAGR≈10.2%Per share, split-adjusted
Growth Streak≈16Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 17, 2026$1.64USD≈6.4%
May 18, 2026$1.64USD≈6.9%
Feb 17, 2026$1.64USD≈5.7%
Nov 17, 2025$1.64USD≈7.0%
Aug 18, 2025$1.64USD≈7.6%
May 19, 2025$1.64USD≈6.6%
Feb 18, 2025$1.64USD≈5.7%
Nov 18, 2024$1.63USD≈4.8%
Aug 19, 2024$1.63USD≈5.0%
May 10, 2024$1.63USD≈4.4%
Feb 16, 2024$1.63USD≈4.4%
Nov 10, 2023$1.62USD≈4.7%
Aug 11, 2023$1.62USD≈3.6%
May 12, 2023$1.62USD≈3.7%
Feb 17, 2023$1.62USD≈3.4%
Nov 10, 2022$1.52USD≈3.5%
Aug 12, 2022$1.52USD≈2.7%
May 13, 2022$1.52USD≈2.9%
Feb 18, 2022$1.52USD≈2.2%
Nov 19, 2021$1.02USD≈2.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 8.9%
Next Report Oct 27, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 27, 2026 $1.76 $1.68 4.9%
March 31, 2026 $1.07 $1.03 3.8%
Dec. 31, 2025 $2.38 $2.22 7.0%
Sept. 30, 2025 $1.74 $1.31 32.7%
June 30, 2025 $1.55 $1.58 -1.7%
March 31, 2025 $1.49 $1.39 6.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $88.66B$91.07B$90.96B$100.34B$97.29B$84.63B$74.09B$71.86B$66.58B$61.61B$58.36B$58.23B
Operating Expenses $80.79B$82.60B$81.82B$87.24B$84.48B$76.94B$66.30B$64.84B$59.06B$53.92B$50.70B$53.26B
Operating Income $7.87B$8.47B$9.14B$13.09B$12.81B$7.68B$7.80B$7.02B$7.53B$7.69B$7.67B$4.97B
Interest Expense ··$785M$704M$694M$701M$653M$605M$453M$381M$341M$353M
Other Non-op $-703M$-1.03B$-568M$1.73B$3.79B$-5.84B$-2.15B$-1.00B$-392M$-2.57B$-326M$-331M
Pretax Income $7.16B$7.44B$8.57B$14.82B$16.59B$1.84B$5.65B$6.02B$7.14B$5.12B$7.34B$4.64B
Income Tax $1.59B$1.66B$1.86B$3.28B$3.71B$501M$1.21B$1.23B$2.23B$1.70B$2.50B$1.60B
Net Income $5.57B$5.78B$6.71B$11.55B$12.89B$1.34B$4.44B$4.79B$4.91B$3.42B$4.84B$3.03B
EPS (Basic) $6.56$6.76$7.81$13.26$14.75$1.55$5.14$5.53$5.63$3.88$5.38$3.31
EPS (Diluted) $6.56$6.75$7.80$13.20$14.68$1.54$5.11$5.51$5.61$3.86$5.35$3.28
Shares (Basic) 849,000,000855,000,000859,000,000871,000,000874,000,000867,000,000864,000,000866,000,000871,000,000883,000,000901,000,000916,000,000
Shares (Diluted) 850,000,000856,000,000860,000,000875,000,000878,000,000871,000,000869,000,000870,000,000875,000,000887,000,000906,000,000924,000,000
EBITDA $10.87B$8.47B$9.14B$13.09B$12.81B$7.68B$7.80B$7.02B$7.53B$5.47B$7.67B$4.97B
Balance Sheet 26
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $5.89B$6.11B$3.21B$5.60B$10.26B$5.91B$5.24B$4.22B$3.32B$3.48B$2.73B$2.29B
Short-term Investments ·$206M$2.87B$1.99B$338M$406M$503M$810M$749M$1.09B$2.00B$992M
Receivables $11.21B$10.87B$11.22B$12.58B$12.54B$10.75B$9.55B$8.96B$8.77B$7.70B$7.13B$6.66B
Inventory $739M$826M$935M$889M$717M$620M$511M$421M$404M$342M$308M$344M
Other Current Assets $1.95B$2.33B$2.12B$2.04B$1.80B$1.95B$1.81B$1.28B$1.30B$954M$1.35B$1.27B
Current Assets $19.05B$19.31B$19.41B$22.22B$24.93B$20.22B$17.10B$16.21B$15.72B$13.85B$13.21B$11.22B
PP&E (Net) ···$34.72B$33.48B$32.25B$30.48B$26.58B$22.12B$18.80B$18.35B$18.28B
PP&E (Gross) ···$67.43B$64.81B$62.09B$59.73B$54.49B$48.73B$43.67B$41.92B$40.62B
Accum. Depreciation ···$32.71B$31.33B$29.84B$29.25B$27.91B$26.61B$24.87B$23.57B$22.34B
Goodwill $5.84B$4.30B$4.87B$4.22B$3.69B$3.37B$3.81B$3.81B$3.87B$3.76B$3.42B$2.18B
Intangibles $4.02B$3.06B$3.31B$2.80B$2.49B$2.27B$2.17B$2.08B$1.96B$1.76B$1.55B$847M
Other Non-current Assets $2.05B$1.96B$1.89B$3.27B$1.08B$672M$1.08B$1.03B$1.15B$1.15B$1.05B$1.20B
Total Assets $73.09B$70.07B$70.86B$71.12B$69.41B$62.41B$57.86B$50.02B$45.57B$40.55B$38.31B$35.44B
Accounts Payable $6.63B$6.30B$6.34B$7.51B$7.52B$6.46B$5.55B$5.19B$3.93B$3.04B$2.59B$2.75B
Short-term Debt ····$0$15M$3.42B·····
Current Liabilities $15.62B$16.44B$17.68B$18.14B$17.57B$17.02B$15.41B$14.09B$12.89B$11.73B$10.70B$8.62B
Capital Leases $3.70B$3.63B$3.76B$3.24B$3.03B$2.54B$2.39B$394M$449M$401M$429M$458M
Deferred Tax $3.69B$3.60B$3.77B$4.30B$3.12B$488M$1.63B$1.62B$756M$112M$115M$78M
Other Non-current Liabilities $3.74B$3.35B$3.26B$3.51B$3.58B$3.85B$2.72B$1.42B$1.80B$1.22B$1.22B$1.36B
Long-term Debt $23.59B$21.03B$22.00B$19.44B$21.68B$24.47B$24.89B$22.35B$23.89B$15.56B$13.69B$10.08B
Total Debt ···$19.66B$21.91B$24.65B$25.24B$22.74B$24.29B$16.07B$14.33B$10.79B
Retained Earnings $20.15B$20.88B$21.05B$21.33B$16.18B$6.90B$9.11B$8.01B$5.85B$4.88B$6.00B$5.73B
Treasury Stock $5M$7M$9M$13M$16M$20M$26M$32M$37M$45M$51M$59M
AOCI $-4.21B$-4.31B$-3.76B$-1.55B$-3.28B$-7.11B$-6.00B$-4.99B$-4.87B$-4.48B$-3.54B$-3.59B
Stockholders' Equity $16.23B$16.72B$17.31B$19.79B$14.25B$657M$3.27B$3.02B$994M$405M$2.47B$2.14B
Liabilities + Equity $73.09B$70.07B$70.86B$71.12B$69.41B$62.41B$57.86B$50.02B$45.57B$40.38B$38.31B$35.44B
Cash Flow 19
Metric Trend 202520242023202220212020201920182017201620152014
D&A $3.00B$3.00B$2.80B$3.19B$2.95B$2.70B$2.36B$2.21B$2.28B$2.22B$2.08B$1.92B
Stock-based Comp $73M$24M$220M$1.57B$878M$796M$915M$634M$584M$591M$574M$536M
Deferred Tax $-8M$-15M$199M$531M$1.65B$-858M$100M$758M$1.22B$117M$540M$385M
Amort. of Intangibles $700M$648M$597M$525M$475M$416M$377M$339M$287M$321M$261M$195M
Other Non-cash $-187M···········
Operating Cash Flow $8.45B$10.12B$10.24B$14.10B$15.01B$10.46B$8.64B$12.71B$1.48B$6.47B$7.43B$5.73B
CapEx $3.69B$3.91B$5.16B$4.77B$4.19B$5.41B$6.38B$6.28B$5.23B$2.96B$2.38B$2.33B
Investing Cash Flow $-4.74B$-217M$-7.13B$-7.47B$-3.82B$-5.28B$-6.06B$-6.33B$-4.97B$-2.56B$-5.31B$-2.80B
Debt Issued $4.15B$2.79B$3.43B$0$0$5.00B$5.21B$1.20B$12.02B$5.93B$3.78B$1.52B
Net Debt Issued $2.08B$298M$1.00B$-2.30B$-2.77B$1.61B$2.11B$-1.69B$8.08B$2.12B$1.06B$-169M
Stock Issued $159M$232M$248M$262M$251M$285M$218M$240M$247M$245M$249M$274M
Stock Repurchased $1.00B$500M$2.25B$3.50B$500M$224M$1.00B$1.01B$1.81B$2.68B$2.70B$2.69B
Net Stock Activity $-841M$-268M$-2.00B$-3.24B$-249M$61M$-786M$-771M$-1.57B$-2.43B$-2.45B$-2.42B
Dividends Paid $5.40B$5.40B$5.37B$5.11B$3.44B$3.37B$3.19B$3.01B$2.77B$2.64B$2.52B$2.37B
Financing Cash Flow $-4.14B$-6.85B$-5.53B$-11.19B$-6.82B$-4.52B$-1.73B$-5.69B$3.29B$-3.14B$-1.56B$-5.16B
Net Change in Cash $-225M$2.91B$-2.40B$-4.65B$4.34B$672M$871M$598M$-152M$749M$439M$-2.37B
Taxes Paid $1.91B$1.35B$1.98B·········
Free Cash Flow $4.76B$6.21B$5.08B$9.34B$10.81B$5.05B$2.26B$6.43B$-3.75B$3.51B$5.05B$3.40B
Levered FCF ··$4.47B$8.79B$10.27B$4.54B$1.75B$5.95B$-4.06B$3.25B$4.83B$3.17B
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 8.9%9.3%10.1%13.1%13.2%9.1%10.5%9.8%11.4%9.0%13.1%8.5%
Net Margin 6.3%6.3%7.4%11.5%13.2%1.6%6.0%6.7%7.4%5.6%8.3%5.2%
Pretax Margin 8.1%8.2%9.4%14.8%17.1%2.2%7.6%8.4%10.8%8.4%12.6%8.0%
EBITDA Margin 12.3%9.3%10.1%13.1%13.2%9.1%10.5%9.8%11.4%9.0%13.1%8.5%
ROA 7.8%8.4%9.4%16.4%19.6%2.2%8.2%10.0%11.4%8.7%13.1%8.5%
ROE 33.8%34.0%36.2%67.8%172.9%68.5%141.2%238.7%698.9%238.7%210.1%70.4%
ROIC 37.7%39.4%41.3%25.9%27.5%22.1%21.5%21.7%20.4%22.2%30.1%25.1%
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 1.21.21.11.21.41.21.11.21.21.21.21.4
Quick Ratio 1.11.01.01.11.31.01.01.01.01.01.11.2
Debt / Equity ···1.01.537.57.77.524.339.75.85.0
LT Debt / Equity ···0.91.433.56.76.620.330.64.64.6
Interest Coverage ··11.618.618.511.011.911.616.614.322.514.1
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 1.21.31.31.41.51.41.41.51.51.51.61.6
Receivables Turnover 8.08.27.68.08.48.38.08.18.08.28.58.8
Per Share 4
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share $104.31$106.39$105.77$114.67$110.81$97.16$85.26$82.60$75.28$68.67$64.42$63.02
Cash Flow / Share $9.94$11.82$11.90$16.12$17.09$12.01$9.94$14.61$1.69$7.30$8.20$6.20
Dividend Paid / Share $6.56$6.52$6.48$6.08$4.08·······
EPS (TTM) $6.56$6.75$7.80$13.20$14.68$1.54$5.11$5.51$5.61$3.86$5.35$3.28
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY -2.6%0.12%-9.3%3.1%15.0%·······
Revenue CAGR 3Y -4.0%-2.2%2.4%·········
Revenue CAGR 5Y 0.94%···········
EPS YoY -2.8%-13.5%-40.9%-10.1%853.3%·······
EPS CAGR 3Y -20.8%-22.8%71.7%·········
EPS CAGR 5Y 33.6%···········
Net Income YoY -3.6%-13.8%-41.9%-10.4%859.8%·······
Net Income CAGR 3Y -21.6%-23.4%70.9%·········
Net Income CAGR 5Y 32.9%···········
Dividends Paid CAGR 5Y 9.8%···········
Valuation (TTM) 6
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $88.66B$91.07B$90.96B$100.34B$97.29B$84.63B$74.09B$71.86B$66.58B$61.61B$58.36B$58.23B
Net Income TTM $5.57B$5.78B$6.71B$11.55B$12.89B$1.34B$4.44B$4.79B$4.91B$3.42B$4.84B$3.03B
P/E 15.118.720.213.214.6109.422.917.721.229.718.033.9
Earnings Yield 6.6%5.3%5.0%7.6%6.9%0.91%4.4%5.7%4.7%3.4%5.6%2.9%
Payout Ratio 96.9%93.4%80.1%44.3%26.7%251.2%71.9%62.8%56.4%77.0%52.1%78.0%
Annual Payout $5.40B$5.40B$5.37B$5.11B$3.44B$3.37B$3.19B$3.01B$2.77B$2.64B$2.52B$2.37B

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312024-03-312023-12-312022-12-31
Revenue $88.66B $91.07B · $90.96B $100.34B
Operating Margin % 8.9% 9.3% · 10.1% 13.1%
Net Income $5.57B $5.78B · $6.71B $11.55B
Diluted EPS $6.56 $6.75 · $7.80 $13.20

Institutional owners (13F) 2,372 filers · $66.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 2,372
Value held $66.6B
New positions 187
Exited positions 120
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
187 (-36 vs prior Q) 120 (-32 vs prior Q) 905 (-39 vs prior Q) 848 (+65 vs prior Q) +28.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $6,794,159,898 68,496,420 10.20% Shares
BlackRock, Inc. $5,904,902,914 54,929,329 8.87% Shares
VANGUARD CAPITAL MANAGEMENT LLC $5,239,446,370 48,739,036 7.87% Shares
STATE STREET CORP $3,640,408,273 33,864,263 5.47% Shares
FMR LLC $3,531,220,341 32,848,561 5.30% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,655,066,928 24,698,297 3.99% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,911,844,777 17,861,160 2.87% Shares
VICTORY CAPITAL MANAGEMENT INC $1,531,991,735 14,251,075 2.30% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,493,091,795 13,889,226 2.24% Shares
BANK OF AMERICA CORP /DE/ $1,160,491,543 10,795,270 1.74% Shares
MORGAN STANLEY $956,916,017 8,901,540 1.44% Shares
GOLDMAN SACHS GROUP INC $950,411,497 8,841,037 1.43% Shares
Capital World Investors $862,063,355 8,019,194 1.29% Shares
NORGES BANK $862,007,993 8,018,679 1.29% Shares
UBS Group AG $776,631,173 7,224,476 1.17% Shares
NORTHERN TRUST CORP $755,654,267 7,029,342 1.13% Shares
ROYAL BANK OF CANADA $695,569,000 6,470,402 1.04% Shares
DIMENSIONAL FUND ADVISORS LP $592,868,048 5,514,555 0.89% Shares
FRANKLIN RESOURCES INC $514,078,893 4,782,129 0.77% Shares
Invesco Ltd. $501,965,532 4,669,447 0.75% Shares
NORDEA INVESTMENT MANAGEMENT AB $501,588,121 4,718,165 0.75% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $495,451,028 5,036,095 0.74% Shares
Bank of New York Mellon Corp $493,637,074 4,591,972 0.74% Shares
VANGUARD FIDUCIARY TRUST CO $450,621,940 4,191,832 0.68% Shares
Legal & General Group Plc $447,318,040 4,161,098 0.67% Shares
Amundi $399,163,200 3,713,146 0.60% Shares
AQR CAPITAL MANAGEMENT LLC $398,229,015 3,713,091 0.60% Shares
FIRST TRUST ADVISORS LP $384,130,093 3,573,307 0.58% Shares
JPMORGAN CHASE & CO $375,253,369 3,474,246 0.56% Shares
MARSHALL WACE, LLP $370,487,253 3,446,393 0.56% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $352,460,250 3,278,700 0.53% Call option
RAYMOND JAMES FINANCIAL INC $334,175,752 3,108,610 0.50% Shares
WELLINGTON MANAGEMENT GROUP LLP $327,521,004 3,046,707 0.49% Shares
WELLS FARGO & COMPANY/MN $312,791,905 2,909,692 0.47% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $285,165,250 2,652,700 0.43% Put option
CITADEL ADVISORS LLC $281,488,750 2,618,500 0.42% Call option
AMERICAN CENTURY COMPANIES INC $261,469,950 2,432,278 0.39% Shares
National Pension Service $255,762,818 2,379,189 0.38% Shares
DEUTSCHE BANK AG\ $252,443,220 2,348,309 0.38% Shares
PeakShares LLC $248,648,000 2,313 0.37% Shares
JANE STREET GROUP, LLC $237,252,500 2,207,000 0.36% Call option
Allianz Asset Management GmbH $232,161,408 2,159,641 0.35% Shares
PRIMECAP MANAGEMENT CO/CA/ $230,709,084 2,146,131 0.35% Shares
Swiss National Bank $225,782,250 2,100,300 0.34% Shares
HSBC HOLDINGS PLC $223,590,888 2,080,908 0.34% Shares
Nuveen, LLC $219,007,728 2,037,282 0.33% Shares
STIFEL FINANCIAL CORP $213,105,932 1,982,325 0.32% Shares
CITADEL ADVISORS LLC $202,454,750 1,883,300 0.30% Put option
Sumitomo Mitsui Trust Group, Inc. $201,357,175 1,873,090 0.30% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $195,978,978 1,823,055 0.29% Shares

Show all 2,372 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) United Parcel Service, Inc., IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Stag Merger Company, Inc. ×2 filings Jan. 25, 2001 · Initial filing M&A / sale SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 70 insiders · 13 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Wilfredo Ramos Chief Intl, Healthcare and SCS Sept. 1, 2026 A · 0 0 $0
Nando Cesarone Chief Global Operations Off Sept. 1, 2026 A 43,507 0 0 $0
Bala Subramanian Chief Digital & Tech Officer Sept. 1, 2026 A 24,562 0 0 $0
David A Barnes Senior Vice President May 25, 2016 S 150,747 0 0 $0
Kurt P Kuehn Senior Vice President Sept. 9, 2015 C 13,984 0 0 $0
Mitchell R. Nichols Senior Vice President May 15, 2015 M 43,603 0 0 $0
John J Mcdevitt Senior Vice President March 2, 2015 A 0 0 0 $0
Christine M Owens Senior Vice President Oct. 25, 2013 M 51,806 0 0 $0
Daniel J Brutto Senior Vice President May 10, 2013 M 96,468 0 0 $0
Allen E Hill Senior Vice President March 16, 2012 M 34,570 0 0 $0
Robert E Stoffel JR Senior Vice President May 4, 2011 A 56,523 0 0 $0
James F Winestock Jr Senior Vice President March 13, 2009 M 24,673 0 0 $0
John J Beystehner Senior Vice President Oct. 30, 2006 A 123,541 0 0 $0
Scott D Davis Director March 18, 2016 M 297,591 0 0 $0
Michael L Eskew Director Dec. 9, 2014 C 205,281 0 0 $0
ACKERMAN F DUANE Director Nov. 5, 2014 J 1,872 0 0 $0
Stuart E Eizenstat Director May 8, 2014 A 4,546 0 0 $0
John Wendell Thompson Director May 2, 2013 M 17,135 0 0 $0
Bernardus Johannes Maria Verwaayen Director May 7, 2008 J 5,798 0 0 $0
James P Kelly Director May 7, 2008 J 16,388 0 0 $0
Victor A Pelson Director May 7, 2008 J 1,537 0 0 $0
Gary E Macdougal Director April 26, 2007 S 0 0 0 $0
Brian M Dykes · May 15, 2026 M 15,970 0 0 $0
Matthew Guffey · May 15, 2026 M 8,581 0 0 $0
Norman M. Brothers Jr · May 15, 2026 M 25,106 0 3 $-2,655,195
Darrell L Ford · May 15, 2026 M 24,393 0 0 $0
Kathleen M. Gutmann · May 15, 2026 M 99,444 0 0 $0
Russell Stokes · May 7, 2026 A 400 0 0 $0
Angela Hwang · May 7, 2026 A · 0 0 $0
Eva C Boratto · May 7, 2026 A 1,400 0 0 $0
Kevin M Warsh · May 7, 2026 A · 0 0 $0
Christiana Smith Shi · May 7, 2026 A 500 0 0 $0
Wayne M. Hewett · May 7, 2026 A 868 0 0 $0
Rodney C Adkins · May 7, 2026 A · 0 0 $0
Kevin P Clark · May 7, 2026 A · 0 0 $0
Franck J Moison · May 7, 2026 A · 0 0 $0
John G Morikis · May 7, 2026 A · 0 0 $0
William R Johnson · May 7, 2026 A 10,160 0 0 $0
Carol B Tome · May 6, 2026 A 172,694 0 0 $0
Kathleen E Johnson · May 8, 2025 A · 0 0 $0
Laura J Lane · Aug. 8, 2024 G 25,282 0 0 $0
Michael J Burns · May 2, 2024 A 4,546 0 0 $0
Brian Newman · March 20, 2024 A 27,858 0 0 $0
Kevin M Warren · Nov. 13, 2023 J 6,697 0 0 $0
Charlene A Thomas · Aug. 25, 2022 J 22,313 0 0 $0
Ann M Livermore · May 5, 2022 A 27,604 0 0 $0
Philippe R Gilbert · March 23, 2022 A 0 0 0 $0
Scott A. Price · Feb. 18, 2022 M 33,636 0 0 $0
Juan R. Perez · Feb. 18, 2022 M 39,043 0 0 $0
David P Abney · Aug. 28, 2020 S 1,452 0 0 $0
Clark T. Randt Jr. · May 14, 2020 A · 0 0 $0
Rudy Markham · May 14, 2020 A 1,517 0 0 $0
John T Stankey · May 14, 2020 A · 0 0 $0
George Willis · May 13, 2020 A 12,254 0 0 $0
Richard N. Peretz · Feb. 21, 2020 M 43,328 0 0 $0
James J. Barber · Nov. 1, 2019 S 48,344 0 0 $0
Teri P Mcclure · Feb. 25, 2019 M 0 0 0 $0
KENDLE CANDACE B · May 10, 2018 A · 0 0 $0
Myron A Gray · March 14, 2018 M 115,402 0 0 $0
Alan Gershenhorn · March 14, 2018 M 108,283 0 0 $0
Mark R. Wallace · Jan. 24, 2018 M 21,253 0 0 $0
Teresa Finley · March 14, 2017 M 50,201 0 0 $0
Lea N Soupata · Jan. 4, 2006 J 233,574 0 0 $0
Christopher D Mahoney · April 20, 2005 C 19,171 0 0 $0
Kenneth W Lacy · March 9, 2005 J 85,166 0 0 $0
Calvin Darden · March 9, 2005 J 1,026 0 0 $0
Robert M Teeter · June 2, 2004 J 66,962 0 0 $0
Joseph M Pyne · March 9, 2004 J 123,603 0 0 $0
Joseph R Moderow · Nov. 19, 2003 S 189,302 0 0 $0
Thomas H Weidemeyer · Nov. 3, 2003 A 323,128 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 149 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IYT · iShares Trust 5.60% 1,130,068 SH Sept. 11, 2026 Daily
SHPP · Pacer Funds Trust 4.02% 798 NS July 31, 2026 N-PORT
GEND · Spinnaker ETF Series 3.10% 1,445 NS July 31, 2026 N-PORT
PEY · Invesco Exchange-Traded Fund Trust 2.68% 309,869 SH Oct. 5, 2026 Daily
TPOR · Direxion Shares ETF Trust 2.49% 4,204 NS July 31, 2026 N-PORT
SOVF · Elevation Series Trust 2.14% 17,963 NS July 31, 2026 N-PORT
DIV · Global X Funds 1.77% 133,113 NS July 31, 2026 N-PORT
SPDV · ETF Series Solutions 1.72% 21,701 NS July 31, 2026 N-PORT
FLAG · Global X Funds 1.49% 243 NS July 31, 2026 N-PORT
PWV · Invesco Exchange-Traded Fund Trust 1.34% 263,854 SH Oct. 5, 2026 Daily
RSPN · Invesco Exchange-Traded Fund Trust 1.14% 88,607 SH Oct. 5, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 1.10% 244,113 NS July 31, 2026 N-PORT
VIS · VANGUARD WORLD FUND 1.07% 904,269 SH Aug. 19, 2026 Daily
DIVD · EA Series Trust 1.07% 2,198 NS July 31, 2026 N-PORT
IMCV · iShares Trust 1.05% 121,596 SH Sept. 11, 2026 Daily
DUSL · Direxion Shares ETF Trust 1.02% 5,516 NS July 31, 2026 N-PORT
FDIV · EA Series Trust 0.96% 5,427 NS July 31, 2026 N-PORT
EQWL · Invesco Exchange-Traded Fund Trust 0.95% 284,125 SH Oct. 5, 2026 Daily
VLUE · iShares Trust 0.94% 902,134 SH Sept. 11, 2026 Daily
IYJ · iShares Trust 0.94% 177,411 SH Sept. 11, 2026 Daily
EXI · iShares Trust 0.75% 107,251 SH Sept. 11, 2026 Daily
FFLC · FIDELITY COVINGTON TRUST 0.73% 84,696 NS July 31, 2026 N-PORT
FXR · First Trust Exchange-Traded AlphaDE… 0.65% 46,383 NS July 31, 2026 N-PORT
FFLV · FIDELITY COVINGTON TRUST 0.64% 1,013 NS July 31, 2026 N-PORT
CVAR · ETF Opportunities Trust 0.56% 2,320 NS July 31, 2026 N-PORT
FDRR · FIDELITY COVINGTON TRUST 0.55% 38,944 NS July 31, 2026 N-PORT
KEAT · EA Series Trust 0.55% 6,237 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.52% 87,593 SH Sept. 11, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.49% 65,334 NS July 31, 2026 N-PORT
FVAL · FIDELITY COVINGTON TRUST 0.46% 58,301 NS July 31, 2026 N-PORT
PFIG · Invesco Exchange-Traded Fund Trust … 0.44% 571,000 Oct. 5, 2026 Daily
FBCV · FIDELITY COVINGTON TRUST 0.43% 7,380 NS July 31, 2026 N-PORT
RWL · Invesco Exchange-Traded Fund Trust … 0.43% 452,686 SH Oct. 5, 2026 Daily
DIVB · iShares Trust 0.41% 83,189 SH Sept. 11, 2026 Daily
DUHP · Dimensional ETF Trust 0.39% 453,641 NS July 31, 2026 N-PORT
MGV · VANGUARD WORLD FUND 0.38% 469,254 SH Aug. 19, 2026 Daily
DFUV · Dimensional ETF Trust 0.38% 555,791 NS July 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 0.36% 6,228 NS July 31, 2026 N-PORT
IUS · Invesco Exchange-Traded Self-Indexe… 0.33% 34,916 SH Oct. 5, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.33% 2,980,031 SH Aug. 19, 2026 Daily
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.30% 2,835 NS July 31, 2026 N-PORT
VTV · VANGUARD INDEX FUNDS 0.30% 7,103,218 SH Aug. 19, 2026 Daily
DFVX · Dimensional ETF Trust 0.30% 14,969 NS July 31, 2026 N-PORT
LGDX · Tidal Trust III 0.30% 4,023 NS July 31, 2026 N-PORT
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 23,304 NS July 31, 2026 N-PORT
PWS · Pacer Funds Trust 0.28% 647 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.28% 171,974 SH Aug. 19, 2026 Daily
DFLV · Dimensional ETF Trust 0.28% 180,820 NS July 31, 2026 N-PORT
IWX · iShares Trust 0.28% 107,671 SH Sept. 11, 2026 Daily
ESG · FlexShares Trust 0.27% 3,360 NS July 31, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.26% 39,322 NS July 31, 2026 N-PORT
VEGN · ETF Series Solutions 0.26% 4,410 NS July 31, 2026 N-PORT
PFM · Invesco Exchange-Traded Fund Trust 0.26% 21,266 SH Oct. 5, 2026 Daily
VMAX · Lattice Strategies Trust 0.25% 1,192 NS July 31, 2026 N-PORT
BSCQ · Invesco Exchange-Traded Self-Indexe… 0.25% 8,028,000 Oct. 5, 2026 Daily
IVE · iShares Trust 0.25% 1,240,925 SH Sept. 11, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.24% 3,945 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.24% 252,041 SH Oct. 5, 2026 Daily
IUSV · iShares Trust 0.24% 654,155 SH Sept. 11, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.23% 10,388,000 Oct. 5, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.22% 6,971 NS July 31, 2026 N-PORT
AQLT · iShares Trust 0.22% 7,091 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.22% 29,042 SH Sept. 11, 2026 Daily
QLC · FlexShares Trust 0.22% 21,056 NS July 31, 2026 N-PORT
DSI · iShares Trust 0.21% 114,282 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.20% 1,659,603 SH Sept. 11, 2026 Daily
EUSA · iShares, Inc. 0.20% 37,936 SH Sept. 11, 2026 Daily
FDVV · FIDELITY COVINGTON TRUST 0.20% 191,659 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.19% 1,961,924 SH Oct. 5, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.19% 372,742 SH Aug. 19, 2026 Daily
SIZE · iShares Trust 0.19% 8,070 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.18% 38 NS July 31, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.17% 11,476 NS July 31, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 0.16% 5,042,000 Oct. 5, 2026 Daily
OEF · iShares Trust 0.16% 314,961 SH Sept. 11, 2026 Daily
CATH · Global X Funds 0.15% 19,161 NS July 31, 2026 N-PORT
MGC · VANGUARD WORLD FUND 0.15% 148,969 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.14% 168,859 SH Aug. 19, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.14% 25,202 SH Oct. 5, 2026 Daily
ACVF · ETF Opportunities Trust 0.14% 2,028 NS July 31, 2026 N-PORT
TOPC · iShares Trust 0.14% 450 SH Sept. 11, 2026 Daily
NEAR · iShares U.S. ETF Trust 0.14% 7,100,000 SH Sept. 11, 2026 Daily
CHRI · Global X Funds 0.14% 104 NS July 31, 2026 N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe… 0.13% 3,726,000 Oct. 2, 2026 Daily
IWL · iShares Trust 0.13% 28,963 SH Sept. 11, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.13% 871,935 SH Aug. 19, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.13% 10,210 SH Aug. 19, 2026 Daily
ESGG · FlexShares Trust 0.13% 1,368 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.13% 8,566 SH Sept. 11, 2026 Daily
XRMI · Global X Funds 0.13% 604 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.13% 769 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 102,994 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.12% 37,534 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.12% 19,397,268 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.12% 123,844 SH Aug. 19, 2026 Daily
VOTE · TCW ETF Trust 0.12% 12,632 NS July 31, 2026 N-PORT
TOV · EA Series Trust 0.12% 2,972 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.12% 62,915 NS July 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.12% 6,320 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.12% 37,388 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.12% 55 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.12% 40 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.11% 9,410,211 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.11% 227,411 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.11% 36,070 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.11% 14,469 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.11% 2,817 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.11% 23,707,360 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.11% 62,941 SH Aug. 19, 2026 Daily
QDPL · Pacer Funds Trust 0.11% 17,981 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.11% 504,620 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.11% 128,097 NS July 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.11% 4,457 SH Oct. 5, 2026 Daily
IWB · iShares Trust 0.11% 515,936 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.11% 31,955 SH Sept. 11, 2026 Daily
JFLI · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 483 NS July 31, 2026 N-PORT
PBUS · Invesco Exchange-Traded Fund Trust … 0.10% 120,139 SH Oct. 5, 2026 Daily
ITOT · iShares Trust 0.10% 975,606 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.10% 205,178 SH Sept. 11, 2026 Daily
HDUS · Lattice Strategies Trust 0.10% 1,955 NS July 31, 2026 N-PORT
HCMT · Direxion Shares ETF Trust 0.10% 5,198 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.09% 19,908 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.09% 58,368 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.09% 593 SH Oct. 5, 2026 Daily
DFSU · Dimensional ETF Trust 0.09% 19,004 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.09% 2,050 SH Sept. 11, 2026 Daily
VOXP · Advisors Series Trust 0.09% 48 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.08% 66,460 SH Sept. 11, 2026 Daily
HEQQ · J.P. Morgan Exchange-Traded Fund Tr… 0.07% 210 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.07% 237,233 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.07% 617,625 SH Aug. 19, 2026 Daily
USCL · iShares Trust 0.07% 19,783 SH Sept. 11, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.05% 24,406 SH Oct. 5, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.04% 3,514 SH Oct. 5, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.03% 22,805 NS July 31, 2026 N-PORT
CRBN · iShares Trust 0.02% 2,414 SH Sept. 11, 2026 Daily
DYNF · BlackRock ETF Trust 0.01% 42,592 SH Sept. 11, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.00% 17,000 Oct. 1, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS · · July 13, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDX · VANGUARD CHARLOTTE FUNDS · · July 15, 2026 Daily
VCEB · VANGUARD WORLD FUND · · July 30, 2026 Daily

UPS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 35 analysts BUY
Median target $117.50 +26.0%
9 25.7% Strong Buy
9 25.7% Buy
13 37.1% Hold
4 11.4% Sell
0 0.0% Strong Sell

12-Month Price Target

26 analysts · 2026-10-06

Mean target $115.23 +23.6%

Now Current price $93.25
Low$76.00 Mean$115.23 High$135.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
UPS · 15.1 -2.6% 6.3% 33.8% ·
FDX · 17.9 7.7% 4.7% 14.8% ·
EXPD $19.95B 25.0 4.4% 7.3% 35.4% ·
CHRW $19.04B 33.3 -8.4% 3.6% 32.4% ·
GXO $6.03B 188.0 12.6% 0.24% 1.1% ·
HUBG · 26.2 -6.1% 2.6% 6.3% ·
FWRD $783M -7.1 0.84% -4.3% -68.4% ·
AIRT $46M -7.6 1.8% -2.1% -790.2% ·
AIRTP $52M 0.7 12.1% 23.8% 203.6% ·

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 5, 2026