UPS · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

UNITED PARCEL SERVICE INC · 2026-08-05 · Importance 38 · Surprise 40 · Contradicted

As of June 30, 2026, UPS held $4.7 billion in cash, cash equivalents and marketable securities, including approximately $2.0 billion held by foreign subsidiaries. Net cash from operating activities increased $417 million, or 15.6%, to $3.083 billion in the six months ended June 30, 2026, from $2.666 billion in the prior-year period. The increase primarily reflected approximately $200 million of pass-through IEEPA tariff refunds, lower income tax payments and lower pension and postretirement medical contributions. Accounts receivable increased because of aged-receivable collection timing, including $2.0 billion related to the accounts receivable factoring program.

Key facts

• Total shareowners' equity at period end was $15,099 million as of June 30, 2026 and $15,777 million as of June 30, 2025. source
• As of June 30, 2026, we had $4.7 billion in cash, cash equivalents and marketable securities. source
• Except as disclosed above and in our Annual Report on Form 10-K for the year ended December 31, 2025, we do not have off-balance sheet financing arrangements which we believe could have a material impact on our financial condition or liquidity. source
• As of June 30, 2026, we had no outstanding balances under our U.S. or European commercial paper programs. source
• Cash flows from other financing activities included cash proceeds of $50 million related to collections from customers on accounts receivable that had been factored in 2026. source
• As of June 30, 2026, approximately $2.0 billion of our total worldwide holdings of cash, cash equivalents and marketable securities were held by foreign subsidiaries. source
• As of June 30, 2026, $109 million of obligations related to factored receivables were not remitted to third-party purchasers, partially offset by $59 million repaid from prior-period balances. source
• All cash, cash equivalents and marketable securities held by foreign subsidiaries are generally available for distribution to the U.S. without any U.S. federal income taxes; such distributions may be subject to foreign withholding and U.S. state taxes. source

Impact estimates