Industrials · Air Freight & Logistics
United Parcel Service: revenue, profit and dividends
In fiscal 2025, United Parcel Service had revenue of $88.7B, up 4.3% a year on average since 2015, and net income of $5.57B (6.3% of revenue). Its dividend per share has gone up 4 years in a row, to $6.56. It has 6% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · −2.6% vs 2024
- Ticker
- UPS · NYSE
- Sector
- Industrials
- Sub-industry
- Air Freight & Logistics
- Headquarters
- Sandy Springs, Georgia
- Founded
- 1907
- In the S&P 500 since
- July 22, 2002
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- United Parcel Service Inc · CIK 0001090727
Revenue and net income
Revenue went from $49.7B in 2007 to $88.7B in 2025.
Diluted earnings per share
Diluted EPS went from $0.36 in 2007 to $6.56 in 2025. Ten-year growth: 2.1% a year.
Dividends per share
Raised 4 years in a row, every year from 2022 to 2025.
Shares outstanding
6.2% fewer shares in 2025 than in 2015 (906M → 850M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $4.76B in 2025, 5.4% of revenue. Negative in 2007, 2017.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $88.7B | $5.57B | 6.3% | $6.56 | $6.56 | 850M | $8.45B | $3.69B | $4.76B |
| 2024 | $91.1B | $5.78B | 6.3% | $6.75 | $6.52 | 856M | $10.1B | $3.91B | $6.21B |
| 2023 | $91B | $6.71B | 7.4% | $7.80 | $6.48 | 860M | $10.2B | $5.16B | $5.08B |
| 2022 | $100B | $11.5B | 11.5% | $13.20 | $6.08 | 875M | $14.1B | $4.77B | $9.34B |
| 2021 | $97.3B | $12.9B | 13.2% | $14.68 | $4.08 | 878M | $15B | $4.19B | $10.8B |
| 2020 | $84.6B | $1.34B | 1.6% | $1.54 | — | 871M | $10.5B | $5.41B | $5.05B |
| 2019 | $74.1B | $4.44B | 6.0% | $5.11 | — | 869M | $8.64B | $6.38B | $2.26B |
| 2018 | $71.9B | $4.79B | 6.7% | $5.51 | — | 870M | $12.7B | $6.28B | $6.43B |
| 2017 | $66.6B | $4.91B | 7.4% | $5.61 | — | 875M | $1.48B | $5.23B | −$3.75B |
| 2016 | $61.6B | $3.42B | 5.6% | $3.86 | — | 887M | $6.47B | $2.96B | $3.51B |
| 2015 | $58.4B | $4.84B | 8.3% | $5.35 | — | 906M | $7.43B | $2.38B | $5.05B |
| 2014 | $58.2B | $3.03B | 5.2% | $3.28 | — | 924M | $5.73B | $2.33B | $3.4B |
| 2013 | $55.4B | $4.37B | 7.9% | $4.61 | — | 948M | $7.3B | $2.06B | $5.24B |
| 2012 | $54.1B | $807M | 1.5% | $0.83 | — | 969M | $7.22B | $2.15B | $5.06B |
| 2011 | $53.1B | $3.8B | 7.2% | $3.84 | — | 991M | $7.07B | $2.0B | $5.07B |
| 2010 | $49.5B | $3.34B | 6.7% | $3.33 | — | 1.0B | $3.83B | $1.39B | $2.45B |
| 2009 | $45.3B | $1.97B | 4.3% | $1.96 | — | 1.0B | $5.29B | $1.6B | $3.68B |
| 2008 | $51.5B | $3.0B | 5.8% | $2.94 | — | 1.02B | $8.43B | $2.64B | $5.79B |
| 2007 | $49.7B | $382M | 0.8% | $0.36 | — | — | $1.12B | $2.82B | −$1.7B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Air Freight & Logistics companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.