UPS · 10-Q · 2026Q3

UNITED PARCEL SERVICE INC

Filed 2026-11-04 · Other · View original filing on EDGAR

Everything UPS's SEC filings said, ranked

Ranked Events

• Capital Return ProgramImportance 69 · Surprise 64
  UPS paid $4.064 billion in dividends during the first nine months of 2026, compared with $4.045 billion in the 2025 period. Dividends declared were $4.92 per share in both nine-month periods, and the company paid a…
• Customer DynamicsImportance 63 · Surprise 64
  UPS completed the planned reduction of volume from its largest customer in the second quarter of 2026, reducing that customer’s volume by more than 50% from 2024 levels. The reduction contributed to lower average daily…
• Strategic Cost ReductionImportance 62 · Surprise 42
  UPS’s Network of the Future, Network Reconfiguration and Efficiency Reimagined initiatives are consolidating its U.S. Domestic Package network through automation, facility closures and process redesign. In the first…
• Headcount / RestructuringImportance 58 · Surprise 42
  UPS closed 47 leased or owned buildings in the first nine months of 2026, including 46 permanently closed facilities, under Network Reconfiguration and Efficiency Reimagined. The company recorded approximately $1.2…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash from operating activities increased $838 million to $5.986 billion for the nine months ended September 30, 2026, from $5.148 billion in 2025. The increase reflected favorable accounts payable changes, lower…
• Capital Expenditure ProgramImportance 53 · Surprise 48
  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…
• Operating Margin DriversImportance 47 · Surprise 48
  Consolidated operating profit declined $60 million, or 3.3%, to $1.744 billion in the third quarter and $1.351 billion, or 25.5%, to $3.941 billion year to date. Operating margin fell 80 basis points to 7.6% for the…
• Outstanding IndebtednessImportance 42 · Surprise 14
  Total debt outstanding was $26.078 billion at September 30, 2026, compared with $24.782 billion at the end of the 2025 comparison period. During the first nine months of 2026, UPS issued $1.3 billion of fixed- and…
• Operating Expense TrendsImportance 41 · Surprise 14
  Consolidated operating expenses rose 7.6% to $21.109 billion in the quarter and 6.9% to $62.948 billion year to date; adjusted operating expenses increased 7.9% and 5.1%, respectively. Purchased transportation…
• Market Demand TrendsImportance 37 · Surprise 32
  Average daily package volume in global small package operations decreased 4.2% in the third quarter and 5.2% year to date, with declines primarily reflecting the planned reduction from UPS’s largest customer,…
• Segment Revenue PerformanceImportance 37 · Surprise 32
  U.S. Domestic Package revenue rose 4.5% to $14.865 billion for the quarter and 2.7% to $43.920 billion year to date; its Next Day Air revenue increased 6.3% and Ground revenue increased 3.7% in the quarter.…
• Revenue Performance and MixImportance 37 · Surprise 32
  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…
• Interest Expense TrendsImportance 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…
• Tariff Refund and Gross MarginImportance 34 · Surprise 42
  After a February 2026 Supreme Court ruling invalidated certain IEEPA tariffs, UPS received approximately $500 million in tariff refunds under the first phase of the CBP administrative process. As of September 30, 2026,…
• Liquidity and Cash PositionImportance 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…
• Income Tax Rate ChangesImportance 28 · Surprise 22
  UPS's effective tax rate was 26.0% for the three months ended September 30, 2026, compared with 18.4% in the 2025 quarter. For the nine-month periods, the effective tax rate was 23.9% in 2026 versus 21.1% in 2025,…
• Goodwill Impairment ChargeImportance 28 · Surprise 42
  UPS recorded a $182 million goodwill impairment charge in the third quarter of 2026 for its Healthcare Logistics and Distribution reporting unit within SCS. At the July 1, 2026 testing date, HLD represented…
• Interest Rate EnvironmentImportance 27 · Surprise 40
  UPS reported average commercial paper interest rates of 3.49% for the nine months ended September 30, 2026, compared with 4.01% for the same period in 2025, a decline of more than 10%. Average commercial paper balances…
• Acquisition / Partnership / DivestitureImportance 26 · Surprise 24
  UPS acquired Andlauer Healthcare Group in the fourth quarter of 2025, expanding its healthcare logistics network and capabilities. In the third quarter of 2026, SCS Logistics revenue increased $235 million, primarily…
• Manufacturing and CapacityImportance 23 · Surprise 24
  UPS reduced vehicle spending as package volume declined and it focused on routine replacement of vehicles at the end of their useful lives. It continued investing in its Network of the Future and other operational…

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