UPS logo United Parcel Service +
Ticker
UPS
FDX
Headquarter
Atlanta ,GA
US
Memphis ,TN
US
CEO
Carol Tomé
Rajesh Subramaniam
Industry
Integrated Freight & Logistics
Integrated Freight & Logistics
Stock Price
Stock Price
Market Cap
Market Cap
$80.18 B
$74.71 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 500.00 K
  • 490.00 K
  • 460.00 K
  • 188.00 K
  • 241.00 K
  • 510.00 K
Y/Y
6.72%
2%
6.12%
1.57%
28.19%
111.62%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Revenue
  • $90.75 B
  • $90.89 B
  • $88.60 B
  • $87.69 B
  • $87.93 B
  • $94.72 B
Y/Y
9.29%
0.16%
2.52%
2.73%
0.27%
7.73%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Operating Income
  • $9.37 B
  • $8.69 B
  • $7.90 B
  • $6.36 B
  • $5.22 B
  • $6.62 B
Y/Y
27.74%
7.32%
9.04%
19.05%
17.91%
26.95%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Tax Rate (%)
  • 21.75%
  • 22.31%
  • 22.22%
  • 25.79%
  • 24.79%
  • 23.48%
Y/Y
1.58%
2.54%
0.37%
0.57%
3.86%
5.31%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Net Income
  • $6.71 B
  • $5.78 B
  • $5.57 B
  • $4.33 B
  • $4.09 B
  • $4.43 B
Y/Y
41.91%
13.8%
3.63%
9.04%
5.52%
8.33%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $181.49 K
  • $185.50 K
  • $192.62 K
  • $479.55 K
  • $363.87 K
  • $172.40 K
Y/Y
2.75%
2.21%
3.84%
2.05%
24.12%
52.62%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $13.42 K
  • $11.80 K
  • $12.11 K
  • $21.13 K
  • $17.97 K
  • $8.02 K
Y/Y
37.73%
12.05%
2.65%
5.47%
14.94%
55.35%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Total Assets
  • $70.86 B
  • $70.07 B
  • $73.09 B
  • $87.01 B
  • $87.63 B
  • $98.94 B
Y/Y
0.38%
1.11%
4.31%
0.12%
0.71%
12.91%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Total Liabilities
  • $53.54 B
  • $53.33 B
  • $56.84 B
  • $59.43 B
  • $59.55 B
  • $67.29 B
Y/Y
4.33%
0.4%
6.58%
2.67%
0.22%
12.99%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Capital Expenditures (Capex)
  • -$5.16 B
  • -$3.91 B
  • -$3.69 B
  • -$5.18 B
  • -$4.06 B
  • -$3.81 B
Y/Y
8.16%
24.21%
5.73%
16.16%
21.66%
6.07%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Operating Income Margin (%)
  • 10.33%
  • 9.56%
  • 8.87%
  • 7.25%
  • 6.92%
  • 6.99%
Y/Y
20.34%
7.47%
7.14%
22.39%
4.55%
1.08%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Net Income Margin (%)
  • 7.39%
  • 6.36%
  • 6.28%
  • 4.94%
  • 4.65%
  • 4.68%
Y/Y
35.97%
13.95%
1.2%
12.1%
5.77%
0.56%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
EBITDA
  • $12.71 B
  • $11.91 B
  • $11.02 B
  • $10.87 B
  • $10.49 B
  • $10.99 B
Y/Y
32.04%
6.31%
7.51%
6.21%
3.44%
4.75%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Free Cash Flow (FCF)
  • $5.08 B
  • $6.21 B
  • $4.77 B
  • $3.14 B
  • $2.98 B
  • $5.12 B
Y/Y
45.58%
22.3%
23.31%
18.74%
4.94%
71.62%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Return on Equity (ROE)
  • 38.76%
  • 34.59%
  • 34.34%
  • 15.70%
  • 14.58%
  • 4.21%
Y/Y
33.59%
10.77%
0.72%
3.13%
7.17%
71.11%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Return on Assets (ROA)
  • 9.47%
  • 8.25%
  • 7.62%
  • 4.98%
  • 4.67%
  • 3.11%
Y/Y
41.69%
12.84%
7.61%
9.17%
6.19%
33.33%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Debt to Equity
  • 154.45%
  • 153.44%
  • 198.99%
  • 136.75%
  • 133.28%
  • 135.69%
Y/Y
29.92%
0.65%
29.69%
6.93%
2.54%
1.81%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Enterprise value
  • $158.62 B
  • $127.36 B
  • $103.22 B
  • $94.20 B
  • $84.91 B
  • $86.49 B
Y/Y
6.33%
19.71%
18.95%
8.47%
9.86%
1.86%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Enterprise value to Revenue
  • 1.75
  • 1.40
  • 1.16
  • 1.07
  • 0.97
  • 0.91
Y/Y
3.26%
19.84%
16.86%
11.52%
10.1%
5.44%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Enterprise value to EBITDA
  • 12.48
  • 10.69
  • 9.48
  • 8.67
  • 8.09
  • 8.51
Y/Y
37.83%
14.3%
11.36%
2.13%
6.65%
5.19%