Companies /Industrials

United Parcel Service Inc - Class B

NYSE: UPS Integrated Freight & Logistics
$105.68
â–² $0.03 (+0.03%) today
Markets closed · 9:46pm ET

Q2 2025 Earnings

Reported Jul 29, 2025, 6:16am ET · SEC source
$1.55
Miss −1.02%
EPS · est. $1.57
$21.2B
Beat +1.76%
Revenue · est. $20.9B
−6.1%
Trailing market
UPS vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Jul 29Jul 30report 6:16am ETearnings−0.3%−8.6%
−8%−4%0+4%Jul 29Jul 30earnings−0.3%−8.6%
UPS −8.6%S&P 500 −0.3%
−8%−4%0+4%Jul 29Jul 30report 6:16am ETearnings−0.2%−8.6%
−8%−4%0+4%Jul 29Jul 30earnings−0.2%−8.6%
UPS −8.6%NASDAQ −0.2%
−12%−6%0+6%Jul 28Aug 6report 6:16am ETearnings−1.4%−10.8%
−12%−6%0+6%Jul 28Aug 6earnings−1.4%−10.8%
UPS −10.8%S&P 500 −1.4%
−12%−6%0+6%Jul 28Aug 6report 6:16am ETearnings−1.7%−10.8%
−12%−6%0+6%Jul 28Aug 6earnings−1.7%−10.8%
UPS −10.8%NASDAQ −1.7%
−10.57%
Day of report
−4.03%
Next session
−4.47%
One week
−3.93%
30 days

S&P 500 over the same 30 days: +2.15%.

Did UPS Beat Earnings? Q2 2025 Results

United Parcel Service delivered a mixed second quarter, with adjusted EPS of $1.55 falling just short of the $1.57 consensus estimate by 1.02%, even as revenue of $21.22 billion edged past expectations by 1.76%, though it still marked a 2.5% decline from a year ago. The headline story, however, was not the modest top-line beat but the scale of structural change underway at the company, as UPS closed 74 facilities by quarter-end and confirmed plans to cut roughly 20,000 positions in 2025, all in service of $3.50 billion in targeted cost savings. Volume pressure remained acute, with U.S. domestic average daily package volume falling 7.3%, partially cushioned by a 5.5% rise in revenue per piece. <a href="https://247wallst.com/investing/2025/07/29/stock-market-live-july-29-sp-500-voo-moves-higher-on-multiple-earnings-beats-tuesday/">Amid a broader market day</a> packed with corporate results, UPS stood out for withdrawing its full-year revenue and operating profit guidance, citing macroeconomic uncertainty, while reaffirming capital expenditures of roughly $3.50 billion and a commitment to approximately $5.50 billion in dividends, underscoring that transformation spending will not come at the expense of shareholder returns.

Key Takeaways
  • Revenue per piece increased 5.5% in U.S. Domestic Package to $13.03, driven by pricing discipline across Next Day Air (+8.3%), Deferred (+11.1%), and Ground (+4.9%)
  • International average daily volume grew 3.9%, with export volumes up 6.1%
  • U.S. Domestic volume declined 7.3% year-over-year, reflecting expected volume declines including impact from largest customer
  • Purchased transportation costs fell 22.9% ($751M reduction) due to Coyote divestiture and network optimization
  • Total operating expenses declined 2.4% despite compensation and benefits rising 1.1%
  • Supply Chain Solutions revenue declined 18.3% primarily from Coyote divestiture in Q3 2024
  • Forwarding revenue dropped 44.3% within Supply Chain Solutions

“I want to thank all UPSers for their dedication and hard work in what continues to be a dynamic and evolving trade environment. Our second quarter results reflect both the complexity of the landscape and the strength of our execution. We are making meaningful progress on our strategic initiatives, and we're confident these actions are positioning the company for stronger long-term financial performance and enhanced competitive advantage.”

United Parcel Service CEO, on the earnings call

Forward Guidance & Outlook

Due to current macroeconomic uncertainty, UPS is not providing revenue or operating profit guidance for full-year 2025. However, the company confirmed: capital expenditures of approximately $3.5 billion; dividend payments expected around $5.5 billion (subject to Board approval); effective tax rate of approximately 23.5%; $1.4 billion in pension contributions (of which $921 million have been made); share repurchases of around $1.0 billion (which have been completed); and $3.5 billion in expected expense reductions from Network Reconfiguration and Efficiency Reimagined initiatives. The company expects to record between $400 million and $650 million in non-GAAP adjusted expense during 2025 related to these transformation programs.

UPS YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$6.0B$12.0B$18.0B$21.8B$21.2BRevenue$1.9B$1.8BOperating Income$1.4B$1.3BNet Income
$0$6.0B$12.0B$18.0BRevenueOperating IncomeNet Income

UPS Revenue by Segment

U.S. Domestic Package$14.1B−0.8%
Ground$10.5B−2.0%
International Package$4.5B+2.6%
International Export$3.5B+1.4%
Supply Chain Solutions$2.7B−18.3%
Next Day Air$2.3B−0.7%
Logistics$1.5B−4.5%
Deferred$1.0B−7.5%

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