United Parcel Service profit margin UPS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 5.1%
- Operating margin, 12 months
- 7.3%
- Net margin on a year earlier
- −1.3 pts
- Peer median
- 5.0%
Over the twelve months to Jun 30, 2026, United Parcel Service kept 5.1% of its revenue as net profit, with an operating margin of 7.3%.
Five years earlier its net margin was 6.6%.
The median for 4 freight and logistics stocks of a similar size is 5.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.3% | 8.9% | n/a |
| FY2024 | 6.3% | 9.3% | n/a |
| FY2023 | 7.4% | 10.0% | n/a |
| FY2022 | 11.5% | 13.0% | n/a |
| FY2021 | 13.2% | 13.2% | n/a |
| FY2020 | 1.6% | 9.1% | 78.7% |
| FY2019 | 6.0% | 10.5% | 80.5% |
| FY2018 | 6.7% | 9.8% | 78.9% |
| FY2017 | 7.4% | 11.3% | n/a |
| FY2016 | 5.6% | 9.0% | n/a |
| FY2015 | 8.3% | 13.1% | n/a |
| FY2014 | 5.2% | 8.5% | n/a |
| FY2013 | 7.9% | 12.7% | n/a |
| FY2012 | 1.5% | 2.5% | n/a |
| FY2011 | 7.2% | 11.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.1% | −1.3 pts | 7.3% | |
| Q1 FY26 | 5.9% | −0.5 pts | 8.5% | |
| Q4 FY25 | 6.3% | −0.1 pts | 8.9% | |
| Q3 FY25 | 6.1% | −0.1 pts | 9.2% | |
| Q2 FY25 | 6.3% | +0.5 pts | 9.3% | |
| Q1 FY25 | 6.4% | −0.2 pts | 9.4% | |
| Q4 FY24 | 6.3% | −1.0 pts | 9.3% | |
| Q3 FY24 | 6.2% | −2.9 pts | 8.8% | |
| Q2 FY24 | 5.9% | −4.5 pts | 8.2% | |
| Q1 FY24 | 6.6% | −4.3 pts | 9.2% | |
| Q4 FY23 | 7.4% | −4.1 pts | 10.0% | |
| Q3 FY23 | 9.2% | −1.9 pts | 10.6% |
Against its peers
Companies in Integrated Freight & Logistics nearest United Parcel Service's size, closest first, today.
| Company | Profit margin |
|---|---|
| UPSUnited Parcel Service | 5.1% |
| FDXFedEx | 4.7% |
| EXPDExpeditors International of Washington | 7.6% |
| JBHTJ.B. Hunt Transport Services | 5.3% |
| CHRWC.H. Robinson Worldwide | 3.7% |
| Peer median | 5.0% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on United Parcel Service
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.