Filing Flows › United Parcel Service (UPS) › Q3 2026 › vs Q2 2026
United Parcel Service (UPS) Q3 2026 vs Q2 2026 (quarter over quarter)
United Parcel Service's revenue rose $19.0M (+0.1%) from $22.8B in Q2 2026 to $22.9B in Q3 2026. Operating margin 7.6% against 4.1% (+3.6 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.6% | 4.1% | +3.6 pts |
| Net margin | 5.1% | 2.6% | +2.4 pts |
| Free cash flow margin | 10.5% | 0.7% | +9.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $22.9B | $22.8B | $19.0M | +0.1% |
| Operating profit | $1.7B | $930M | $814M | +88% |
| Costs & expenses | $21.1B | $21.9B | −$795M | -4% |
| Pre-tax earnings | $1.6B | $761M | $810M | +106% |
| Other expense, net | $173M | $169M | $4.0M | +2% |
| Net earnings | $1.2B | $604M | $559M | +93% |
| Income tax | $408M | $157M | $251M | +160% |
| Depreciation & amortization | $700M | $809M | −$109M | -13% |
| Share-based compensation | $37.0M | $34.0M | $3.0M | +9% |
| Working capital & other | $1.0B | −$588M | $1.6B | — |
| Operating cash flow | $2.9B | $859M | $2.0B | +238% |
| Free cash flow (OCF − capex) | $2.4B | $166M | $2.2B | 14× |
| Capital expenditures | $497M | $693M | −$196M | -28% |
Questions
How much did United Parcel Service's revenue grow quarter over quarter in Q3 2026?
United Parcel Service's revenue rose $19.0M (+0.1%) from $22.8B in Q2 2026 to $22.9B in Q3 2026. Operating margin 7.6% against 4.1% (+3.6 pts).