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Gross Margin for United Parcel Service (UPS)

As of · Reported

Metric

TTM

17.8%

YoY change

−0.69pp

Trough year (2007)

10.7%

Peak year (2003)

75.6%

Gross Margin history chart for United Parcel Service (UPS) from 1998 to 2025

Latest: 18.1%

Gross Margin change chart for United Parcel Service (UPS) from 1998 to 2025

Latest: −0.69pp

Gross Margin history table for United Parcel Service (UPS) from 1998 to 2025

  • 202518.1%-0.69pp
  • 202418.8%-0.74pp
  • 202319.5%-0.56pp
  • 202220.1%+2.14pp
  • 202117.9%-7.87pp
  • 202025.8%+4.03pp
  • 201921.8%+2.07pp
  • 201819.7%-0.36pp
  • 201720.1%-0.33pp
  • 201620.4%-0.47pp
  • 201520.9%+0.76pp
  • 201420.1%-0.47pp
  • 201320.6%+1.40pp
  • 201219.2%-1.81pp
  • 201121.0%+1.26pp
  • 201019.7%+2.14pp
  • 200917.6%-3.27pp
  • 200820.8%+10.13pp
  • 200710.7%-12.70pp
  • 200623.4%-0.81pp
  • 200524.2%-0.33pp
  • 200424.6%-51.09pp
  • 200375.6%+0.49pp
  • 200275.2%+0.91pp
  • 200174.3%-0.42pp
  • 200074.7%-0.78pp
  • 199975.5%+0.63pp
  • 199874.8%—

Gross Margin values are taken from United Parcel Service's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Gross Margin at United Parcel Service (UPS)

According to United Parcel Service's latest reported financial statements, the company's latest reported gross margin is 17.8%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, United Parcel Service (UPS) reported gross margin of 18.08% – contracted 0.7 percentage points year-over-year.

2003 marks the peak gross margin at 75.65%, with the historical low of 10.72% recorded in 2007.

United Parcel Service Gross Margin by Year

United Parcel Service Gross Margin 2025: 18.1%

2025's gross margin for United Parcel Service came in at 18.08%, contracted 0.7 percentage points from 2024.

United Parcel Service Gross Margin 2024: 18.8%

United Parcel Service posted gross margin of 18.77% in 2024, contracted 0.7 percentage points from 2023.

United Parcel Service Gross Margin 2023: 19.5%

In 2023, United Parcel Service reported gross margin of 19.51%, contracted 0.6 percentage points from 2022.

United Parcel Service Gross Margin 2022: 20.1%

United Parcel Service gross margin in 2022 was 20.07%, expanded 2.1 percentage points from 2021.

United Parcel Service Gross Margin 2021: 17.9%

United Parcel Service gross margin in 2021 was 17.93%.

See more financial history for United Parcel Service (UPS).

Sector peers by Gross Margin

Industrials peers of United Parcel Service (UPS), ranked by their latest gross margin

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