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United Parcel Service (UPS) Cash Flow Waterfall

Trace United Parcel Service's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$8.36B

Capex

−$3.84B

Free Cash Flow

$4.52B

FCF Margin

+54.0%

Cash flow waterfall for United Parcel Service (UPS) — TTM through Q1 2026

Free cash flow: $4.52B

Cash flow breakdown for United Parcel Service (UPS) — TTM through Q1 2026

  • Operating Cash Flow$8.36B
  • Capital Expenditure−$3.84B
  • Free Cash Flow$4.52B
  • Acquisitions−$1.55B
  • Other Investing$1.07B
  • Dividends Paid−$5.40B
  • Other Financing & FX$2.37B
  • Net Cash Increase$1.00B
Want to see what drove the FCF change?Free Cash Flow Bridge

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