UPS · 8-K · 20261027PR067381
Guidance and Outlook
UNITED PARCEL SERVICE INC · 2026-10-27 · Importance 69 · Surprise 60 · In source text
UPS raised fourth-quarter 2026 consolidated revenue guidance to approximately $25.7 billion and non-GAAP adjusted operating profit guidance to approximately $3.3 billion. For full-year 2026, it now expects consolidated revenue of approximately $92.6 billion, non-GAAP adjusted operating profit of approximately $8.75 billion, adjusted diluted EPS of approximately $7.28, and adjusted free cash flow of approximately $6.1 billion. UPS also confirmed approximately $3.0 billion in capital expenditures, around $5.4 billion in dividend payments subject to board approval, an effective tax rate of approximately 23%, and $1.3 billion in pension contributions for 2026.
Key facts
- UPS expects Q4 2026 consolidated revenue of approximately $25.7 billion and non-GAAP adjusted operating profit of approximately $3.3 billion. source
- UPS raised its full-year 2026 outlook to approximately $92.6 billion in consolidated revenue, $8.75 billion in non-GAAP adjusted operating profit, and $7.28 in non-GAAP adjusted diluted EPS. source
- UPS confirms full-year 2026 pension contributions of $1.3 billion. source
- UPS expects nearly $3 billion in full-year 2026 benefits from its Network Reconfiguration and Efficiency Reimagined initiatives. source
- UPS raised its non-GAAP adjusted free cash flow target to approximately $6.1 billion for full-year 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -1.6% | UPS confirms full-year 2026 pension contributions of $1.3 billion. |
| revenue | positive | committed | — | UPS raised its full-year 2026 outlook to approximately $92.6 billion in consolidated revenue, $8.75 billion in non-GAAP adjusted operating… |
| operating_income | positive | committed | — | UPS raised its full-year 2026 outlook to approximately $92.6 billion in consolidated revenue, $8.75 billion in non-GAAP adjusted operating… |
| net_income | positive | committed | — | UPS raised its full-year 2026 outlook to approximately $92.6 billion in consolidated revenue, $8.75 billion in non-GAAP adjusted operating… |
| operating_income | positive | committed | — | UPS expects nearly $3 billion in full-year 2026 benefits from its Network Reconfiguration and Efficiency Reimagined initiatives. |
| cash | positive | committed | — | UPS raised its non-GAAP adjusted free cash flow target to approximately $6.1 billion for full-year 2026. |