Filing Flows › United Parcel Service (UPS) › Q1 2025
United Parcel Service (UPS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
United Parcel Service (UPS) reported revenue of $21.5B for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -15% from the quarter before. Operating margin was 7.7%, net earnings $1.2B (5.5% of revenue).
United Parcel Service, Q1 2025: revenue $21.5B (-0.7% year over year), operating margin 7.7%, net earnings $1.2B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.5B | -15% | -0.7% |
| Operating profit | $1.7B | -43% | +3% |
| Net earnings | $1.2B | -31% | +7% |
| Operating cash flow | $2.3B | -30% | -30% |
| Free cash flow | $1.4B | -35% | -37% |
What changed
Revenue was $21.5B in Q1 2025, down 1% year over year and down 15% from the previous quarter.
Operating profit was $1.7B, a 7.7% margin (up 0.3 points year over year). Total costs fell 1% while revenue fell 1%. Net earnings were $1.2B, up 7% year over year. The effective tax rate was 22.1%.
Operating cash flow was $2.3B (down 30% year over year), 195% of net earnings. Non-cash charges added back $0.74B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.37B. Capital expenditures of $0.88B left free cash flow of $1.4B.
Questions
What was United Parcel Service's revenue in the first quarter 2025?
United Parcel Service (UPS) reported revenue of $21.5B for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -15% from the quarter before.
Was United Parcel Service profitable in the first quarter 2025?
Operating profit was $1.7B (7.7% of revenue) and net earnings $1.2B.