Filing Flows › United Parcel Service (UPS) › Guidance & outlook
United Parcel Service (UPS) guidance and outlook
United Parcel Service (UPS) raised its guidance on Nov 5, 2026: Revenue $88.7B for FY2025. United Parcel Service's 10-Q filed Nov 4, 2026 makes 13 forward-looking statements, 1 of them new and 8 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2025 | $88.7B | raised |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- We expect to achieve nearly $3 billion in full year 2026 benefits from these initiatives.
- updated · As a part of these initiatives, we expect non-GAAP adjusted operating expense to exclude between $1.4 and $1.6 billion in cost for the full year 2026, primarily related to employee separation costs and third-party consulting fees, of which $1.2 billion is related to the Driver Choice Program.
- new · While the planned volume reductions from our largest customer were completed in the second quarter of 2026, our Efficiency Reimagined initiative is not expected to conclude until the fourth quarter of 2027.
- We do not consider the related costs to be ordinary because each program involves separate and distinct activities that span multiple periods, and such costs are not expected to drive incremental revenue.
- We previously recorded non-GAAP adjustments for transactions that resulted in capital loss deferred tax assets that were not expected to be realized.
- These activity-based costing methods require us to make estimates that impact the amount of each expense category that is attributed to each segment.
- We expect this aircraft to return to operational service during the fourth quarter of 2026.
- We expect to incur additional other expenses under our Network Reconfiguration and Efficiency Reimagined initiatives during the remainder of 2026.
- We believe that these positions, expected cash from operations, access to commercial paper programs and capital markets and other available liquidity options will be adequate to fund our material short- and long-term cash requirements, including our business operations, planned capital expenditures, pension contributions, transformation strategy costs, including voluntary separation programs, debt obligations and…
- We have commitments for the purchase of equipment, real estate and vehicles to provide for the replacement and enhancement of existing capacity and targeted growth.
- Our 2026 investment program anticipates investments in technology initiatives and enhanced network capabilities.
- We expect our capital expenditures will be approximately $3.0 billion for the full year of 2026, of which approximately 80% will be allocated to network enhancement projects and other technology initiatives.
United Parcel Service's 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
Did United Parcel Service raise or lower its guidance?
United Parcel Service (UPS) raised its guidance on Nov 5, 2026: Revenue $88.7B for FY2025.
What does United Parcel Service expect?
As a part of these initiatives, we expect non-GAAP adjusted operating expense to exclude between $1.4 and $1.6 billion in cost for the full year 2026, primarily related to employee separation costs and third-party consulting fees, of which $1.2 billion is related to the Driver Choice Program. While the planned volume reductions from our largest customer were completed in the second quarter of 2026, our Efficiency Reimagined initiative is not expected to conclude until the fourth quarter of 2027.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.