Filing Flows › United Parcel Service (UPS) › Q3 2026 › vs Q3 2025
United Parcel Service (UPS) Q3 2026 vs Q3 2025 (year over year)
United Parcel Service's revenue rose $1.4B (+7%) from $21.4B in Q3 2025 to $22.9B in Q3 2026. Operating margin 7.6% against 8.4% (-0.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.6% | 8.4% | -0.8 pts |
| Net margin | 5.1% | 6.1% | -1.0 pts |
| Free cash flow margin | 10.5% | 7.1% | +3.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $22.9B | $21.4B | $1.4B | +7% |
| Operating profit | $1.7B | $1.8B | −$60.0M | -3% |
| Costs & expenses | $21.1B | $19.6B | $1.5B | +8% |
| Pre-tax earnings | $1.6B | $1.6B | −$36.0M | -2% |
| Other expense, net | $173M | $197M | −$24.0M | -12% |
| Net earnings | $1.2B | $1.3B | −$148M | -11% |
| Income tax | $408M | $296M | $112M | +38% |
| Depreciation & amortization | $700M | $800M | −$100M | -12% |
| Share-based compensation | $37.0M | $25.0M | $12.0M | +48% |
| Working capital & other | $1.0B | $346M | $657M | +190% |
| Operating cash flow | $2.9B | $2.5B | $421M | +17% |
| Free cash flow (OCF − capex) | $2.4B | $1.5B | $894M | +59% |
| Capital expenditures | $497M | $970M | −$473M | -49% |
Questions
How much did United Parcel Service's revenue grow year over year in Q3 2026?
United Parcel Service's revenue rose $1.4B (+7%) from $21.4B in Q3 2025 to $22.9B in Q3 2026. Operating margin 7.6% against 8.4% (-0.8 pts).