Filing Flows › United Parcel Service (UPS) › Guidance history
United Parcel Service (UPS) guidance history: what it guided and what it reported
United Parcel Service gave guidance in 15 earnings releases on file since Jan 30, 2024. Of 3 guided periods since reported, it met or beat its own guidance 3 times (100%). Tax rate: 2 of 2, on average -1.4 pts against the guided midpoint. Its releases raised guidance 7 times and lowered it 0 times.
Revenue
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $91.2B (Jul 28, 2026) → raised $92.6B (Oct 27, 2026) → lowered $88.7B (Nov 5, 2026) | — | to be reported | — |
| FY2024 | $93.0B (Jul 23, 2024) → lowered $91.1B (Oct 24, 2024) | $91.1B | within the range | 0.0% |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $25.7B (Oct 27, 2026) | — | to be reported | — |
| FY2026 | $89.7B (Jan 27, 2026) → reaffirmed $89.7B (Apr 28, 2026) → raised $92.6B (Oct 27, 2026) | — | to be reported | — |
| Q4 2025 | $24.0B (Oct 28, 2025) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 11.8% (Jan 27, 2026) → lowered 9.6% (Apr 28, 2026) | — | to be reported | — |
| Q4 2025 | 11.0%–11.5% (Oct 28, 2025) | — | — | — |
| FY2025 | 12.3% (Jan 30, 2025) | — | — | — |
| FY2024 | 9.4% (Jul 23, 2024) → raised 9.6% (Oct 24, 2024) | — | — | — |
Adjusted operating income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $3.3B (Oct 27, 2026) | — | to be reported | — |
| FY2026 | $8.7B (Jul 28, 2026) → raised $8.8B (Oct 27, 2026) | — | to be reported | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 0 within, 2 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 23.0% (Jan 27, 2026) → reaffirmed 23.0% (Apr 28, 2026) → reaffirmed 23.0% (Jul 28, 2026) → reaffirmed 23.0% (Oct 27, 2026) | — | to be reported | — |
| FY2025 | 23.5% (Jan 30, 2025) → reaffirmed 23.5% (Jul 29, 2025) → raised 23.8% (Oct 28, 2025) | 22.2% | below the range | -1.5 pts |
| FY2024 | 23.5% (Jan 30, 2024) | 22.3% | below the range | -1.2 pts |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.0B (Jan 27, 2026) → reaffirmed $3.0B (Apr 28, 2026) → reaffirmed $3.0B (Jul 28, 2026) → reaffirmed $3.0B (Oct 27, 2026) | — | to be reported | — |
| FY2025 | $3.5B (Jul 29, 2025) → reaffirmed $3.5B (Oct 28, 2025) | $3.7B (GAAP) | not judged | — |
| FY2024 | $4.5B (Jan 30, 2024) → reaffirmed $4.5B (Apr 23, 2024) → lowered $4.0B (Jul 23, 2024) → reaffirmed $4.0B (Oct 24, 2024) | $3.9B (GAAP) | not judged | — |
The latest quarter
United Parcel Service, Q3 2026: revenue $22.9B (+7% year over year), operating margin 7.6%, net earnings $1.2B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
Questions
Does United Parcel Service beat its guidance?
United Parcel Service gave guidance in 15 earnings releases on file since Jan 30, 2024. Of 3 guided periods since reported, it met or beat its own guidance 3 times (100%). Tax rate: 2 of 2, on average -1.4 pts against the guided midpoint.
How often does United Parcel Service raise guidance?
Its earnings releases raised guidance 7 times and lowered it 0 times since Jan 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.