Capital Expenditures for United Parcel Service (UPS)
According to United Parcel Service's latest reported financial statements, the company's current capital expenditures (TTM) is $3.69B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.69B
YoY change
-5.7%
5Y CAGR
-7.4%
Peak year (2019)
$6.38B
Cumulative capital expenditures
$86.00B
CapEx history chart for United Parcel Service (UPS) from 1998 to 2025
CapEx history table for United Parcel Service (UPS) from 1998 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.69B | -5.7% | ||
| 2024 | $3.91B | -24.2% | ||
| 2023 | $5.16B | +8.2% | ||
| 2022 | $4.77B | +13.7% | ||
| 2021 | $4.19B | -22.5% | ||
| 2020 | $5.41B | -15.2% | ||
| 2019 | $6.38B | +1.5% | ||
| 2018 | $6.28B | +20.2% | ||
| 2017 | $5.23B | +76.3% | ||
| 2016 | $2.96B | +24.6% | ||
| 2015 | $2.38B | +2.2% | ||
| 2014 | $2.33B | +12.7% | ||
| 2013 | $2.06B | -4.1% | ||
| 2012 | $2.15B | +7.4% | ||
| 2011 | $2.00B | +44.3% | ||
| 2010 | $1.39B | -13.3% | ||
| 2009 | $1.60B | -39.2% | ||
| 2008 | $2.64B | -6.5% | ||
| 2007 | $2.82B | -8.6% | ||
| 2006 | $3.08B | +41.1% | ||
| 2005 | $2.19B | +2.8% | ||
| 2004 | $2.13B | +9.2% | ||
| 2003 | $1.95B | +17.4% | ||
| 2002 | $1.66B | -30.1% | ||
| 2001 | $2.37B | +10.5% | ||
| 2000 | $2.15B | +45.5% | ||
| 1999 | $1.48B | -10.3% | ||
| 1998 | $1.65B | — |
CapEx values are taken from United Parcel Service's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
United Parcel Service (UPS) most recent annual capital expenditures stands at $3.69B (2025) – declined 5.7% year-over-year.
United Parcel Service capital expenditures has contracted on net over the period, with a -7.4% compound annual growth rate over 2020–2025 (5 years).
Between 2019 and 2025, United Parcel Service capital expenditures plunged 42.2%, falling from $6.38B to $3.69B.
Across the available history, capital expenditures reached its high of $6.38B in 2019 and its low of $1.39B in 2010.
Among 8 Industrials peers, United Parcel Service (UPS) ranks 3rd; the peer median for capital expenditures is $2.05B.
United Parcel Service Capital Expenditures by Year
United Parcel Service Capital Expenditures 2025: $3.69B
United Parcel Service capital expenditures in 2025 was $3.69B, declined 5.7% below 2024.
United Parcel Service Capital Expenditures 2024: $3.91B
United Parcel Service capital expenditures in 2024 was $3.91B, declined 24.2% below 2023.
United Parcel Service Capital Expenditures 2023: $5.16B
United Parcel Service capital expenditures in 2023 was $5.16B, grew 8.2% from 2022.
United Parcel Service Capital Expenditures 2022: $4.77B
United Parcel Service capital expenditures in 2022 was $4.77B, grew 13.7% from 2021.
United Parcel Service Capital Expenditures 2021: $4.19B
United Parcel Service capital expenditures in 2021 was $4.19B.
See more financial history for United Parcel Service (UPS).
Sector peers — CapEx
Companies in the same sector as United Parcel Service, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is United Parcel Service's capital expenditures?
- Latest reported capital expenditures for United Parcel Service (UPS) is $3.69B (period ending December 31, 2025).
How has United Parcel Service capital expenditures changed year-over-year?
- United Parcel Service (UPS) capital expenditures changed -5.7% year-over-year on the latest annual filing.
What is the long-term growth rate of United Parcel Service capital expenditures?
- United Parcel Service (UPS) capital expenditures compound annual growth rate is -7.4% over the most recent 5 years available.
When did United Parcel Service capital expenditures hit its highest annual value?
- United Parcel Service capital expenditures reached its highest annual value of $6.38B in 2019.
What was United Parcel Service capital expenditures in 2024?
- United Parcel Service (UPS) capital expenditures in 2024 was $3.91B.
What was United Parcel Service capital expenditures in 2025?
- United Parcel Service (UPS) capital expenditures in 2025 was $3.69B.
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