UPS Reports Q4 2025 Earnings – $24.5B Revenue

By Chris Stiles • Tuesday, January 27 15:14 • Permanent Link

UPS (NYSE:UPS) has released its fourth-quarter 2025 earnings, reporting consolidated revenues of $24.5 billion. The consolidated operating margin was 10.5%, with a non-GAAP adjusted figure of 11.8%. Diluted earnings per share were $2.10, while non-GAAP adjusted diluted earnings per share were $2.38.

In the U.S. domestic segment, revenue declined by 3.2% to $16.756 billion, with an operating profit of $1.428 billion. The operating margin was 8.5%, or 10.2% on a non-GAAP adjusted basis.

The international segment saw a 2.5% increase in revenue to $5.045 billion, with an operating profit of $884 million. The operating margin was 17.5%, or 18.0% on a non-GAAP adjusted basis.

Supply Chain Solutions revenue declined by 12.7% to $2.678 billion, with an operating profit of $263 million. The operating margin was 9.8%, or 10.3% on a non-GAAP adjusted basis.

For the full year 2025, UPS reported consolidated revenues of $88.7 billion. The operating profit was $7.9 billion, with a non-GAAP adjusted figure of $8.7 billion. The operating margin was 8.9%, or 9.8% on a non-GAAP adjusted basis. Diluted EPS totaled $6.56, while non-GAAP adjusted diluted EPS was $7.16.

The UPS Board of Directors has approved a first-quarter 2026 dividend of $1.64 per share on all outstanding Class A and Class B shares, payable on March 5, 2026.

Looking ahead to 2026, UPS expects consolidated revenue to be approximately $89.7 billion, with a non-GAAP adjusted operating margin of approximately 9.6%. The company is planning capital expenditures of about $3.0 billion and dividend payments of around $5.4 billion, subject to board approval. The effective tax rate is expected to be approximately 23.0%.

The market has reacted to these announcements by moving the company's shares -1.57% to a price of $106.91. For more information, read the company's full 8-K submission here.

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