Total Debt for United Parcel Service (UPS)
According to United Parcel Service's latest reported financial statements, the company's latest reported total debt is $32.29B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$32.29B
YoY change
+25.9%
5Y CAGR
+3.1%
Peak year (2025)
$32.29B
Latest annual
$32.29B
Total Debt history chart for United Parcel Service (UPS) from 1998 to 2025
Total Debt history table for United Parcel Service (UPS) from 1998 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $32.29B | +25.9% | ||
| 2024 | $25.65B | -4.0% | ||
| 2023 | $26.73B | +13.6% | ||
| 2022 | $23.52B | -7.9% | ||
| 2021 | $25.53B | -8.0% | ||
| 2020 | $27.75B | -1.5% | ||
| 2019 | $28.17B | +23.9% | ||
| 2018 | $22.74B | -8.3% | ||
| 2017 | $24.79B | +50.0% | ||
| 2016 | $16.52B | +11.6% | ||
| 2015 | $14.81B | +31.2% | ||
| 2014 | $11.28B | -0.5% | ||
| 2013 | $11.35B | -14.8% | ||
| 2012 | $13.31B | +19.6% | ||
| 2011 | $11.13B | +2.6% | ||
| 2010 | $10.85B | +13.9% | ||
| 2009 | $9.52B | -3.5% | ||
| 2008 | $9.87B | -10.4% | ||
| 2007 | $11.02B | +167.7% | ||
| 2006 | $4.12B | +3.4% | ||
| 2005 | $3.98B | -10.5% | ||
| 2004 | $4.45B | +16.3% | ||
| 2003 | $3.82B | -16.9% | ||
| 2002 | $4.60B | -10.9% | ||
| 2001 | $5.17B | +43.3% | ||
| 2000 | $3.60B | +48.7% | ||
| 1999 | $2.42B | -6.8% | ||
| 1998 | $2.60B | — |
Total Debt values are taken from United Parcel Service's reported balance sheets (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 total debt stands at $32.29B (2025) – grew 25.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, United Parcel Service total debt compounded at +3.1% per year, with the latest reading among the more recent periods of the dataset.
Across the available history, total debt reached its high of $32.29B in 2025 and its low of $2.42B in 1999.
Among 8 Industrials peers, United Parcel Service (UPS) ranks 6th; the peer median for total debt is $37.04B.
United Parcel Service Total Debt by Year
United Parcel Service Total Debt 2025: $32.29B
United Parcel Service total debt in 2025 was $32.29B, grew 25.9% from 2024. This figure represents the highest annual value in the available history.
United Parcel Service Total Debt 2024: $25.65B
United Parcel Service total debt in 2024 was $25.65B, edged down 4.0% below 2023.
United Parcel Service Total Debt 2023: $26.73B
United Parcel Service total debt in 2023 was $26.73B, grew 13.6% from 2022.
United Parcel Service Total Debt 2022: $23.52B
United Parcel Service total debt in 2022 was $23.52B, declined 7.9% below 2021.
United Parcel Service Total Debt 2021: $25.53B
United Parcel Service total debt in 2021 was $25.53B.
See more financial history for United Parcel Service (UPS).
Sector peers — Total Debt
Companies in the same sector as United Parcel Service, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Deere & Company (DE) | $63.94B | Industrials |
| The Boeing Company (BA) | $54.43B | Industrials |
| Caterpillar Inc. (CAT) | $43.33B | Industrials |
| RTX Corporation (RTX) | $39.51B | Industrials |
| Honeywell International Inc. (HON) | $34.58B | Industrials |
| Union Pacific Corporation (UNP) | $31.81B | Industrials |
| GE Aerospace (GE) | $20.49B | Industrials |
| Eaton Corporation plc (ETN) | $11.17B | Industrials |
Frequently asked questions
What is United Parcel Service's total debt?
- Latest reported total debt for United Parcel Service (UPS) is $32.29B (period ending December 31, 2025).
How has United Parcel Service total debt changed year-over-year?
- United Parcel Service (UPS) total debt changed +25.9% year-over-year on the latest annual filing.
What is the long-term growth rate of United Parcel Service total debt?
- United Parcel Service (UPS) total debt compound annual growth rate is +3.1% over the most recent 5 years available.
When did United Parcel Service total debt hit its highest annual value?
- United Parcel Service total debt reached its highest annual value of $32.29B in 2025.
What was United Parcel Service total debt in 2024?
- United Parcel Service (UPS) total debt in 2024 was $25.65B.
What was United Parcel Service total debt in 2025?
- United Parcel Service (UPS) total debt in 2025 was $32.29B.
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