Filing Flows › United Parcel Service (UPS) › Q3 2026
United Parcel Service (UPS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
United Parcel Service (UPS) reported revenue of $22.9B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +0.1% from the quarter before. Operating margin was 7.6%, net earnings $1.2B (5.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.9B | +0.1% | +7% |
| Operating profit | $1.7B | +88% | -3% |
| Net earnings | $1.2B | +93% | -11% |
| Operating cash flow | $2.9B | +238% | +17% |
| Free cash flow | $2.4B | 14× | +59% |
What changed
Revenue was $22.9B in Q3 2026, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $1.7B, a 7.6% margin (down 0.8 points year over year). Operating profit fell $0.06B even though revenue rose $1.4B versus Q3 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 7%. Net earnings were $1.2B, down 11% year over year. The effective tax rate was 26.0%.
Operating cash flow was $2.9B (up 17% year over year), 250% of net earnings. Non-cash charges added back $0.70B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.50B left free cash flow of $2.4B.
Questions
What was United Parcel Service's revenue in the third quarter 2026?
United Parcel Service (UPS) reported revenue of $22.9B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +0.1% from the quarter before.
Was United Parcel Service profitable in the third quarter 2026?
Operating profit was $1.7B (7.6% of revenue) and net earnings $1.2B.