UPS · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

UNITED PARCEL SERVICE INC · 2026-11-04 · Importance 37 · Surprise 32 · In source text

Consolidated revenue increased 6.7% to $22.853 billion in the third quarter of 2026 and 4.2% to $66.889 billion for the first nine months, while average daily package volume fell 4.2% and 5.2%, respectively. Revenue growth reflected higher fuel surcharge revenue, revenue-quality actions, higher-yielding volume, and AHG-related and other healthcare growth, partly offset by planned volume declines. Average revenue per piece increased 7.7% for the quarter and 8.9% year to date, to $15.96 and $15.75, respectively.

Key facts

• UPS net income was $1.163 billion in the third quarter of 2026, down 11.3%, and $2.631 billion in the first nine months, down 30.4%. source
• UPS revenue increased 6.7% to $22.853 billion in the third quarter of 2026 and 4.2% to $66.889 billion in the first nine months of 2026. source
• UPS diluted earnings per share were $1.37 in the third quarter of 2026, down 11.6%, and $3.09 in the first nine months, down 30.7%. source
• UPS International Package average revenue per piece increased 15.0% in the third quarter and 14.9% year to date in 2026. source
• UPS International revenue per piece increased 15.0% in the third quarter and 14.9% year to date, primarily driven by fuel surcharges, revenue-quality actions and favorable trade-lane mix. source
• UPS average revenue per piece increased 7.7% to $15.96 in the third quarter of 2026 and 8.9% to $15.75 in the first nine months. source
• UPS U.S. Domestic Package average revenue per piece increased 6.1% in the third quarter and 7.4% year to date in 2026. source
• UPS U.S. Domestic revenue per piece increased 6.1% in the third quarter and 7.4% year to date, driven by an average 5.9% net increase in base and accessorial rates implemented throughout 2025, higher fuel surcharges and favorable customer mix. source

Impact estimates