UPS (UPS) FY2026 earnings

Reported results

• Consolidated revenue increased 6.7% to $22.9 billion.
• GAAP operating margin was 7.6%, and non-GAAP adj. consolidated operating margin was 9.0%.
• GAAP consolidated operating profit was $1.7 billion, and non-GAAP adjusted consolidated operating profit was $2.1 billion.
• GAAP diluted earnings per share was $1.37; non-GAAP adjusted diluted earnings per share was $1.69.
• U.S. Domestic Segment GAAP operating margin was 6.1%, and non-GAAP adjusted operating margin was 7.0%.

Guidance

• For the fourth quarter of 2026, consolidated revenue is expected to be approximately $25.7 billion and non-GAAP adjusted operating profit is expected to be approximately $3.3 billion.
• For full-year 2026, consolidated revenue is expected to be approximately $92.6 billion, non-GAAP adjusted operating profit to be approximately $8.75 billion, non-GAAP adjusted diluted EPS to be approximately $7.28, and non-GAAP adjusted free cash flow target to be approximately $6.1B.
• For full-year 2026, capital expenditures are expected to be approximately $3.0 billion, dividend payments around $5.4 billion (subject to board approval), effective tax rate approximately 23%, and pension contributions of $1.3 billion.

Notes

For the third quarter of 2026, GAAP results include a net charge of $279 million, or $0.32 per diluted share, comprised of after-tax transformation strategy costs of $130 million, as well as a $182 million charge associated with a goodwill impairment in Supply Chain Solutions, partially offset by a gain on sale of MD-11 assets of $33 million.

Price and volatility reaction

The stock moved +5.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -9.1 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.