UPS · 8-K · 20261027PR067381

Operating Margin Drivers

UNITED PARCEL SERVICE INC · 2026-10-27 · Importance 46 · Surprise 56

Third-quarter GAAP consolidated operating margin declined to 7.6% from 8.4% a year earlier; non-GAAP adjusted margin declined to 9.0% from 10.0%. U.S. Domestic adjusted margin increased to 7.0% from 6.4%, while International adjusted margin increased to 14.9% from 14.8%. Supply Chain Solutions adjusted margin fell to 9.2% from 21.3%, and adjusted operating profit decreased 48.9% to $274 million. Nine-month adjusted consolidated operating margin declined to 8.2% from 9.0%.

Key facts

• UPS Q3 2026 consolidated operating margin was 7.6%, and non-GAAP adjusted consolidated operating margin was 9.0%. source