Companies /Industrials
United Parcel Service Inc - Class B
NYSE: UPS Integrated Freight & Logistics
$107.98
▲ $0.65 (+0.61%) today
Markets open · 10:57am ET

United Parcel Service (UPS) Q3 2026 Earnings

Reported Oct 27, 2026, 6:05am ET · SEC source
$1.69
Beat +4.04%
EPS · est. $1.62 Adjusted
$22.9B
Beat +2.59%
Revenue · est. $22.3B
5 quarters
Consecutive EPS beats

How Did UPS Stock React to Q3 2026 Earnings?

% change · around the report
−3%0+3%Oct 27Oct 28report 6:05am ETearnings+0.8%+2.6%
−3%0+3%Oct 27Oct 28earnings+0.8%+2.6%
UPS +2.6%S&P 500 +0.8%
−3%0+3%Oct 27Oct 28report 6:05am ETearnings+1.4%+2.6%
−3%0+3%Oct 27Oct 28earnings+1.4%+2.6%
UPS +2.6%NASDAQ +1.4%
−3%0+3%+6%Oct 26Oct 30report 6:05am ETearnings−0.9%+6.5%
−3%0+3%+6%Oct 26Oct 30earnings−0.9%+6.5%
UPS +6.5%S&P 500 −0.9%
−3%0+3%+6%Oct 26Oct 30report 6:05am ETearnings−2.4%+6.5%
−3%0+3%+6%Oct 26Oct 30earnings−2.4%+6.5%
UPS +6.5%NASDAQ −2.4%
+5.75%
Day of report
−0.44%
Next session

Did UPS Beat Earnings? Q3 2026 Results

Yes. United Parcel Service reported Q3 2026 earnings of $1.69 a share on Oct 27, 2026, beating the $1.62 consensus estimate by 4.0%. Revenue was $22.9B against a $22.3B estimate.

United Parcel Service posted a strong third quarter, beating Wall Street expectations on both the top and bottom lines for the fourth consecutive quarter as its multi-year transformation strategy continued to gain traction. The package giant reported adjusted non-GAAP EPS of $1.69, ahead of the $1.62 consensus estimate by 4.04%, while consolidated revenue climbed 6.7% year-over-year to $22.85 billion, topping forecasts of $22.28 billion by 2.59%. The primary engine behind the beat was pricing power in U.S. Domestic Package, where revenue per piece rose 6.1% even as daily volume softened slightly, pushing the segment's adjusted operating margin to 7.0% from 6.4%. International Package and a surging Supply Chain Solutions segment, with the latter's revenue up 18.2%, added further breadth to the quarter. The broader freight sector is showing signs of life, with capacity-driven rate improvements benefiting carriers across the industry. Management raised its full-year 2026 outlook, now targeting consolidated revenue of approximately $92.60 billion and adjusted diluted EPS of approximately $7.28.

Key Takeaways
  • 6.1% increase in revenue per piece in U.S. Domestic Package segment
  • 15.0% increase in revenue per piece in International Package segment
  • Growth in forwarding and logistics, including healthcare, driving Supply Chain Solutions revenue
  • Premium growth and greater network efficiency
  • Approximately $1.8 billion in transformation program benefits achieved through first nine months of 2026
  • Network automation and operational sort consolidation

“I want to thank all UPSers for their unwavering commitment to our customers and for delivering another quarter of strong performance.”

United Parcel Service CEO, on the earnings call

What Is United Parcel Service's Outlook?

UPS raised its Q4 and full-year 2026 guidance. For Q4 2026, the company expects consolidated revenue of approximately $25.7 billion and non-GAAP adjusted operating profit of approximately $3.3 billion. For full-year 2026, UPS now expects consolidated revenue of approximately $92.6 billion, non-GAAP adjusted operating profit of approximately $8.75 billion, non-GAAP adjusted diluted EPS of approximately $7.28, and non-GAAP adjusted free cash flow of approximately $6.1 billion. The company also confirmed full-year 2026 capital expenditures of approximately $3.0 billion, dividend payments of around $5.4 billion (subject to board approval), an effective tax rate of approximately 23%, and $1.3 billion in pension contributions. The Efficiency Reimagined initiative is expected to continue through Q4 2027, with nearly $3 billion in full-year 2026 transformation benefits expected.

UPS YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$7.0B$14.0B$21.0B$21.4B$22.9BRevenue$1.8B$1.7BOperating Income$1.3B$1.2BNet Income
$0$7.0B$14.0B$21.0BRevenueOperating IncomeNet Income
UPS income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $22.9B $21.4B +6.7%
Operating Income $1.7B $1.8B −3.3%
Net Income $1.2B $1.3B −11.3%

UPS Revenue by Segment

U.S. Domestic Package$14.9B+4.5%
Ground
International Package$5.0B+7.1%
International Export
Supply Chain Solutions$3.0B+18.2%
Next Day Air
Logistics
Deferred

When Does United Parcel Service Report Next?

Expected report date
After the close
Release timing

Figures from SEC filings and company reports. Not investment advice.