NYSE$UPS
United Parcel Service Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
United Parcel Service Inc reported second quarter 2026 earnings with consolidated revenue and non-GAAP adjusted operating profit growth along with expanded non-GAAP adjusted operating margin.
UPS delivered consolidated revenues of $22.8 billion in Q2 2026. GAAP operating profit was $930 million with non-GAAP adjusted operating profit of $2.1 billion, yielding a GAAP operating margin of 4.1% and non-GAAP adjusted margin of 9.2%. Diluted EPS was $0.71 and non-GAAP adjusted diluted EPS was $1.76; the company raised its full-year 2026 guidance.
- Consolidated revenues reached $22.8 billion, up year-over-year.
- Non-GAAP adjusted consolidated operating margin expanded to 9.2%.
- U.S. Domestic revenue grew 6.0% driven by 9.3% revenue per piece increase.
- Full-year 2026 guidance raised to ~$91.2B revenue, ~$8.65B non-GAAP adjusted operating profit and ~$7.22 non-GAAP adjusted diluted EPS.
Headline financials
Revenue & EPS history
UPS · Revenue · Quarterly
$22.8B
Revenue by segment
UPS · $22.8B total across 3 segments · Q2 2026
- U.S. Domestic Package$14.9B—65.4%
- International Package$5.04B—22.1%
- Supply Chain Solutions$2.86B—12.5%
Forward guidance
Full-year 2026 guidance raised for consolidated revenue, non-GAAP adjusted operating profit and non-GAAP adjusted diluted EPS; capex expected at ~$3.0 billion and dividend payments ~$5.4 billion with effective tax rate ~23.0%.
Tailwinds
- Raised full-year revenue outlook to ~$91.2B
- Raised non-GAAP adj operating profit target to ~$8.65B
- Raised non-GAAP adj diluted EPS guidance to ~$7.22
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q2 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% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q3 2009 | +3.2% | — | — | |
| Q3 2008 | +3.2% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q2 2008 | +0.9% | — | — |
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