Filing Flows › United Parcel Service (UPS) › Q2 2026
United Parcel Service (UPS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
United Parcel Service (UPS) reported revenue of $22.8B for the second quarter 2026 (Q2 2026), +8% from a year earlier and +8% from the quarter before. Operating margin was 4.1%, net earnings $604M (2.6% of revenue).
United Parcel Service, Q2 2026: revenue $22.8B (+8% year over year), operating margin 4.1%, net earnings $604M, operating cash flow $859M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.8B | +8% | +8% |
| Operating profit | $930M | -27% | -49% |
| Net earnings | $604M | -30% | -53% |
| Operating cash flow | $859M | -61% | +147% |
| Free cash flow | $166M | -86% | — |
What changed
Revenue was $22.8B in Q2 2026, up 8% year over year and up 8% from the previous quarter.
Operating profit was $0.93B, a 4.1% margin (down 4.5 points year over year). Operating profit fell $0.89B even though revenue rose $1.6B versus Q2 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 8%. Net earnings were $0.60B, down 53% year over year. The effective tax rate was 20.6%.
Operating cash flow was $0.86B (up 147% year over year), 142% of net earnings. Non-cash charges added back $0.81B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.59B. Capital expenditures of $0.69B left free cash flow of $0.17B.
Questions
What was United Parcel Service's revenue in the second quarter 2026?
United Parcel Service (UPS) reported revenue of $22.8B for the second quarter 2026 (Q2 2026), +8% from a year earlier and +8% from the quarter before.
Was United Parcel Service profitable in the second quarter 2026?
Operating profit was $930M (4.1% of revenue) and net earnings $604M.