UNITED PARCEL SERVICE INC · 2026-11-04 · Importance 35 · Surprise 22
Interest expense increased $76 million, or 10.1%, to $827 million for the nine months ended September 30, 2026, compared with $751 million in 2025. UPS attributed the year-to-date increase primarily to higher average outstanding debt balances and higher interest costs on finance leases. Quarterly interest expense decreased $2 million, primarily because of the timing of debt issuances.
Key facts
UPS's interest expense increased $76 million year to date, primarily due to higher average outstanding debt balances and higher interest cost on finance leases. source
UPS's interest expense decreased $2 million in the third quarter, primarily reflecting the timing of debt issuances. source