UPS · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

UNITED PARCEL SERVICE INC · 2026-11-04 · Importance 32 · Surprise 6

At September 30, 2026, UPS held $6.8 billion in cash and cash equivalents, including approximately $2.3 billion held by foreign subsidiaries. The company said cash from U.S. operations is its primary funding source for operations, planned capital expenditures, pension contributions, transformation costs, debt obligations and shareowner returns. UPS stated that cash, expected operating cash flow, commercial paper access, capital markets and other liquidity options would be adequate for material short- and long-term cash requirements.

Key facts

• UPS had $6.8 billion in cash and cash equivalents as of September 30, 2026. source
• Approximately $2.3 billion of UPS's cash and cash equivalents were held by foreign subsidiaries as of September 30, 2026. source
• UPS made $450 million in discretionary non-cash pension contributions in the form of company-issued notes in August 2026. source
• UPS received $473 million in proceeds from disposals of businesses, property, plant and equipment in the nine months ended September 30, 2026, compared with $585 million in the same period of 2025. source
• UPS's factored-receivables program had $121 million of obligations not remitted to third-party purchasers as of September 30, 2026, partially offset by $59 million repaid from prior-period balances. source
• UPS expects its cash, expected operating cash, access to commercial paper programs and capital markets, and other liquidity options to be adequate to fund material short- and long-term cash requirements. source
• UPS's accounts receivable factoring program began in the third quarter of 2025. source
• UPS reported $62 million in cash proceeds from collections from customers on accounts receivable factored in 2026. source