UPS · 10-Q · 2026Q3 · Full report
Capital Expenditure Program
UNITED PARCEL SERVICE INC · 2026-11-04 · Importance 53 · Surprise 48 · In source text
Capital expenditures were $2.221 billion for the nine months ended September 30, 2026, down from $2.969 billion in the comparable 2025 period, and fell from 4.6% to 3.3% of revenue. Lower spending reflected reduced investment in buildings and facilities, technology infrastructure, vehicles and aircraft; decreases were partly offset by investment in Network of the Future and other operational efficiency initiatives. UPS expected full-year 2026 capital expenditures of approximately $3.0 billion, with about 80% allocated to network enhancement projects and other technology initiatives.
Key facts
- UPS expects full-year 2026 capital expenditures of approximately $3.0 billion, with approximately 80% allocated to network enhancement projects and other technology initiatives. source
- UPS expanded its hub in Incheon, South Korea, and opened a new air hub in the Philippines and a new logistics center in Taiwan. source
- UPS used $1.777 billion of net cash in investing activities in the nine months ended September 30, 2026, compared with $2.734 billion in the same period of 2025. source
- UPS's capital expenditures were $2.221 billion in the nine months ended September 30, 2026, compared with $2.969 billion in the same period of 2025. source
- UPS took delivery of nine Boeing 767-300 aircraft during the first nine months of 2026, accounted for as finance leases, and began reducing associated third-party aircraft leases. source
- UPS capital expenditures were 3.3% of revenue in the nine months ended September 30, 2026, compared with 4.6% in the same period of 2025. source
- UPS's 2026 capital expenditures decreased primarily due to reduced buildings, facilities and plant equipment spending, lower technology infrastructure spending, reduced vehicle spending, and decreased aircraft expenditures. source
- UPS invested in temperature-controlled cross-dock facilities during the third quarter and first nine months of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.5% | UPS expects full-year 2026 capital expenditures of approximately $3.0 billion, with approximately 80% allocated to network enhancement… |
| assets | positive | committed | +3.5% | UPS expects full-year 2026 capital expenditures of approximately $3.0 billion, with approximately 80% allocated to network enhancement… |