NYSE$UPS
United Parcel Service Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
UPS's financial performance was in line with expectations, with U.S. average daily volume showing improvement through the quarter.
UPS announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. Diluted earnings per share were $1.30 for the quarter; adjusted diluted earnings per share of $1.43 were 35.0% below the same period in 2023.
- Consolidated revenues reached $21.7B, a decrease compared to $22.9B last year.
- Consolidated operating margin was 7.4%, with an adjusted operating margin of 8.0%.
- Diluted EPS was $1.30; adjusted diluted EPS was $1.43, compared to $2.20 last year.
- The company reaffirms its full-year 2024 financial guidance.
Headline financials
Revenue & EPS history
UPS · Revenue · Quarterly
$21.7B
Revenue by segment
UPS · $21.1B total across 3 segments · Q3 2023
- U.S. Domestic Package$13.7B-11.1%64.9%
- International Package$4.27B-11.1%20.3%
- Supply Chain Solutions$3.13B-21.4%14.9%
Forward guidance
UPS reaffirms its full-year, consolidated financial targets for 2024.
Tailwinds
- Consolidated revenue to range from approximately $92.0 billion to $94.5 billion
- Consolidated adjusted operating margin to range from approximately 10.0% to 10.6%
- Capital expenditures of approximately $4.5 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.3%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-0.2%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+15.4%
Q2 2020
Best reaction
-14.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | -0.6% | -1.9% | |
| Q4 2025 | +0.9% | -0.7% | +9.0% | |
| Q3 2025 | +7.7% | +8.1% | +7.2% | |
| Q2 2025 | -0.6% | -0.5% | -2.0% | |
| Q1 2025 | -0.4% | -0.7% | +1.0% | |
| Q4 2024 | -14.1% | -16.5% | -11.0% | |
| Q3 2024 | +4.6% | +2.2% | +2.6% | |
| Q2 2024 | -11.5% | -11.3% | -12.6% | |
| Q1 2024 | +0.9% | +1.5% | -4.3% | |
| Q4 2023 | -10.2% | -10.2% | -6.2% | |
| Q3 2023 | -8.2% | -3.9% | +3.5% | |
| Q2 2023 | -1.5% | -3.0% | -10.9% | |
| Q1 2023 | -11.9% | -8.2% | -12.6% | |
| Q4 2022 | +4.5% | +8.3% | +4.4% | |
| Q3 2022 | +0.9% | -0.2% | +9.1% | |
| Q2 2022 | -2.1% | +3.7% | +9.1% | |
| Q1 2022 | -1.7% | -5.1% | -5.9% | |
| Q4 2021 | +14.8% | +11.2% | +5.1% | |
| Q3 2021 | +4.1% | +4.7% | +2.2% | |
| Q2 2021 | -8.5% | -8.8% | -8.3% | |
| Q1 2021 | +12.8% | +16.0% | +21.0% | |
| Q4 2020 | +2.2% | +5.2% | +2.0% | |
| Q3 2020 | -5.5% | -6.6% | -1.1% | |
| Q2 2020 | +15.4% | +17.0% | +31.3% | |
| Q1 2020 | -6.3% | -10.4% | -2.8% | |
| Q4 2019 | -10.6% | -10.7% | -21.8% | |
| Q3 2019 | -2.8% | -2.4% | +0.8% | |
| Q2 2019 | +12.3% | +12.8% | +5.7% | |
| Q1 2019 | -9.2% | -7.2% | -16.2% | |
| Q4 2018 | +4.8% | +6.4% | +10.8% | |
| Q3 2018 | -5.6% | -8.0% | -4.9% | |
| Q2 2018 | +5.7% | +5.6% | +9.2% | |
| Q1 2018 | +4.9% | +3.5% | +6.3% | |
| Q4 2017 | -8.5% | -11.5% | -17.2% | |
| Q3 2017 | +1.9% | -0.9% | -4.6% | |
| Q2 2017 | -2.3% | -1.9% | +1.0% | |
| Q1 2017 | -0.1% | -0.7% | -1.6% | |
| Q4 2016 | -10.0% | -8.6% | -9.5% | |
| Q3 2016 | -0.8% | -1.6% | +7.0% | |
| Q2 2016 | -0.7% | -0.4% | +0.2% | |
| Q1 2016 | -1.3% | — | — | |
| Q4 2015 | +1.3% | — | — | |
| Q3 2015 | -3.3% | — | — | |
| Q2 2015 | +6.1% | — | — | |
| Q1 2015 | +3.9% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -3.2% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | -4.7% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q1 2009 | +3.8% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q3 2008 | +3.2% | — | — | |
| Q3 2009 | +3.2% | — | — | |
| Q2 2008 | +0.9% | — | — | |
| Q4 2008 | +0.9% | — | — |
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