Operating Income for United Parcel Service (UPS)
According to United Parcel Service's latest reported financial statements, the company's current operating income (TTM) is $8.02B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$8.02B
YoY change
-2.4%
5Y CAGR
+1.6%
Peak year (2021)
$13.11B
Cumulative operating income
$174.29B
Operating Income history chart for United Parcel Service (UPS) from 1998 to 2025
Operating Income history table for United Parcel Service (UPS) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $8.47B | -2.4% | ||
| 2024 | $8.69B | -7.3% | ||
| 2023 | $9.37B | -27.7% | ||
| 2022 | $12.97B | -1.1% | ||
| 2021 | $13.11B | +67.3% | ||
| 2020 | $7.84B | -0.5% | ||
| 2019 | $7.88B | +11.3% | ||
| 2018 | $7.07B | -5.6% | ||
| 2017 | $7.49B | +47.8% | ||
| 2016 | $5.07B | -31.0% | ||
| 2015 | $7.34B | +21.0% | ||
| 2014 | $6.07B | -13.6% | ||
| 2013 | $7.03B | +461.6% | ||
| 2012 | $1.25B | -79.6% | ||
| 2011 | $6.14B | +6.9% | ||
| 2010 | $5.74B | +48.7% | ||
| 2009 | $3.86B | -35.1% | ||
| 2008 | $5.95B | +581.9% | ||
| 2007 | $873.00M | -86.9% | ||
| 2006 | $6.65B | +7.4% | ||
| 2005 | $6.19B | +20.4% | ||
| 2004 | $5.14B | +15.7% | ||
| 2003 | $4.45B | +8.5% | ||
| 2002 | $4.10B | +3.4% | ||
| 2001 | $3.96B | -12.2% | ||
| 2000 | $4.51B | +13.1% | ||
| 1999 | $3.99B | +29.1% | ||
| 1998 | $3.09B | — |
Operating Income values are taken from United Parcel Service's reported income 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
As of the 2025 fiscal year, United Parcel Service (UPS) reported operating income of $8.47B – edged down 2.4% year-over-year.
United Parcel Service operating income has recorded the values shown across consecutive periods, with a +1.6% compound annual growth rate over 2020–2025 (5 years).
United Parcel Service operating income peaked at $13.11B in 2021; the latest annual figure is $8.47B in 2025 (35.4% below peak).
2021 marks the peak operating income at $13.11B, with the historical low of $873.00M recorded in 2007.
United Parcel Service (UPS) sits 5th of 8 Industrials peers we track on this metric, against a peer median of $8.59B.
United Parcel Service Operating Income by Year
United Parcel Service Operating Income 2025: $8.47B
United Parcel Service operating income in 2025 was $8.47B, edged down 2.4% below 2024.
United Parcel Service Operating Income 2024: $8.69B
United Parcel Service operating income in 2024 was $8.69B, declined 7.3% below 2023.
United Parcel Service Operating Income 2023: $9.37B
United Parcel Service operating income in 2023 was $9.37B, declined 27.7% below 2022.
United Parcel Service Operating Income 2022: $12.97B
United Parcel Service operating income in 2022 was $12.97B, edged down 1.1% below 2021.
United Parcel Service Operating Income 2021: $13.11B
United Parcel Service operating income in 2021 was $13.11B.
See more financial history for United Parcel Service (UPS).
Sector peers — Operating Income
Companies in the same sector as United Parcel Service, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is United Parcel Service's operating income?
- Latest reported operating income for United Parcel Service (UPS) is $8.02B (period ending December 31, 2025).
How has United Parcel Service operating income changed year-over-year?
- United Parcel Service (UPS) operating income changed -2.4% year-over-year on the latest annual filing.
What is the long-term growth rate of United Parcel Service operating income?
- United Parcel Service (UPS) operating income compound annual growth rate is +1.6% over the most recent 5 years available.
When did United Parcel Service operating income hit its highest annual value?
- United Parcel Service operating income reached its highest annual value of $13.11B in 2021.
What was United Parcel Service operating income in 2024?
- United Parcel Service (UPS) operating income in 2024 was $8.69B.
What was United Parcel Service operating income in 2025?
- United Parcel Service (UPS) operating income in 2025 was $8.47B.
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