Ticker League

Operating Margin for United Parcel Service (UPS)

As of · Reported

Metric

TTM

8.5%

YoY change

−0.68pp

Trough year (2007)

1.8%

Peak year (2000)

15.2%

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

Latest: 8.9%

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

Latest: −0.68pp

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

  • 20258.9%-0.68pp
  • 20249.6%-0.77pp
  • 202310.3%-2.64pp
  • 202213.0%-0.52pp
  • 202113.5%+4.20pp
  • 20209.3%-1.37pp
  • 201910.7%+0.82pp
  • 20189.8%-1.42pp
  • 201711.3%+2.88pp
  • 20168.4%-4.27pp
  • 201512.7%+2.24pp
  • 201410.4%-2.25pp
  • 201312.7%+10.35pp
  • 20122.3%-9.22pp
  • 201111.5%-0.08pp
  • 201011.6%+3.05pp
  • 20098.6%-3.00pp
  • 200811.6%+9.81pp
  • 20071.8%-12.23pp
  • 200614.0%-0.56pp
  • 200514.5%+0.48pp
  • 200414.1%+0.78pp
  • 200313.3%+0.18pp
  • 200213.1%+0.17pp
  • 200112.9%-2.23pp
  • 200015.2%+0.41pp
  • 199914.7%+2.28pp
  • 199812.5%—

Operating 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 Operating Margin at United Parcel Service (UPS)

According to United Parcel Service's latest reported financial statements, the company's latest reported operating margin is 8.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

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 operating margin of 8.87% – contracted 0.7 percentage points year-over-year.

Across the available history, operating margin reached its high of 15.16% in 2000 and its low of 1.76% in 2007.

United Parcel Service Operating Margin by Year

United Parcel Service Operating Margin 2025: 8.9%

United Parcel Service posted operating margin of 8.87% in 2025, contracted 0.7 percentage points from 2024.

United Parcel Service Operating Margin 2024: 9.6%

In 2024, United Parcel Service reported operating margin of 9.56%, contracted 0.8 percentage points from 2023.

United Parcel Service Operating Margin 2023: 10.3%

United Parcel Service operating margin in 2023 was 10.33%, contracted 2.6 percentage points from 2022.

United Parcel Service Operating Margin 2022: 13.0%

2022's operating margin for United Parcel Service came in at 12.96%, contracted 0.5 percentage points from 2021.

United Parcel Service Operating Margin 2021: 13.5%

United Parcel Service operating margin in 2021 was 13.48%.

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

Sector peers by Operating Margin

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

Frequently asked questions

United Parcel Service (UPS) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview