Filing Flows › United Parcel Service (UPS) › How it makes money
How United Parcel Service (UPS) makes money
United Parcel Service (UPS) made $22.9B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 8¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $22.9B | 100.0% |
| Operating profit | $1.7B | 7.6% |
| Income tax | $408M | 1.8% |
| Net earnings | $1.2B | 5.1% |
| Operating cash flow | $2.9B | 12.7% |
| Free cash flow | $2.4B | 10.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $22.9B | +7% |
| Q2 2026 | $22.8B | +8% |
| Q1 2026 | $21.2B | -2% |
| Q4 2025 | $24.5B | -3% |
| Q3 2025 | $21.4B | -4% |
| Q2 2025 | $21.2B | -3% |
| Q1 2025 | $21.5B | -0.7% |
From United Parcel Service's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does United Parcel Service make money?
United Parcel Service (UPS) made $22.9B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 8¢ was left as operating profit, 5¢ was left as net earnings.
What is United Parcel Service's profit margin?
Net earnings were $1.2B, 5.1% of revenue, in the third quarter 2026; the operating margin was 7.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.