Filing Flows › United Parcel Service (UPS) › Q2 2025
United Parcel Service (UPS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
United Parcel Service (UPS) reported revenue of $21.2B for the second quarter 2025 (Q2 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 8.6%, net earnings $1.3B (6.0% of revenue).
United Parcel Service, Q2 2025: revenue $21.2B (-3% year over year), operating margin 8.6%, net earnings $1.3B, operating cash flow $348M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2B | -2% | -3% |
| Operating profit | $1.8B | +9% | -6% |
| Net earnings | $1.3B | +8% | -9% |
| Operating cash flow | $348M | -85% | -83% |
What changed
Revenue was $21.2B in Q2 2025, down 3% year over year and down 2% from the previous quarter.
Operating profit was $1.8B, a 8.6% margin (down 0.3 points year over year). Total costs fell 2% while revenue fell 3%. Net earnings were $1.3B, down 9% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.35B (down 83% year over year), 27% of net earnings. Non-cash charges added back $0.76B of depreciation and amortization. Working capital and other items used $1.7B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.78B.
Questions
What was United Parcel Service's revenue in the second quarter 2025?
United Parcel Service (UPS) reported revenue of $21.2B for the second quarter 2025 (Q2 2025), -3% from a year earlier and -2% from the quarter before.
Was United Parcel Service profitable in the second quarter 2025?
Operating profit was $1.8B (8.6% of revenue) and net earnings $1.3B.