While UPS reported steady financial results and growth in key areas such as healthcare logistics and international volume, significant challenges such as the decline in U.S. domestic volume, impacts from trade policy changes, and higher operational costs weigh heavily. The uncertain economic environment further complicates outlook and strategic planning.

Company Guidance -

Q3 2025

During the UPS Second Quarter 2025 Earnings Call, the company provided detailed guidance on their financial performance and strategic actions. The call highlighted a 7.3% decline in overall U.S. average daily volume, though revenue decreased by just 0.8% due to strategic actions that improved business mix. Consolidated revenue for the quarter was $21.2 billion, with an operating profit of $1.9 billion and a consolidated operating margin of 8.8%. The call also addressed a 34.8% year-over-year drop in average daily volume on the China to U.S. trade lane due to increased tariffs and policy changes. Despite these challenges, UPS saw a 22.4% increase in volume in China to the rest of the world trade lanes and nearly doubled capacity between India and Europe. The company is focused on reducing expenses by $3.5 billion through initiatives such as network reconfiguration and Efficiency Reimagined, while also pursuing growth in healthcare logistics, an $82 billion addressable market. However, due to uncertainties around trade policies and consumer demand, UPS did not provide any forward-looking revenue or earnings guidance.

Revenue and Operating Profit

For the second quarter of 2025, UPS reported consolidated revenue of $21.2 billion and an operating profit of $1.9 billion.

Revenue Per Piece Improvement

UPS reported a 5.5% increase in revenue per piece year-over-year, driven by base rates, package characteristics, and customer and product mix improvements.

Healthcare Logistics Growth

Healthcare logistics grew by 5.7%, with UPS leading in radio-pharma logistics globally and expanding cold chain and pharmaceutical transportation capabilities.

International Volume Growth

International average daily volume increased by 3.9%, with significant growth in trade lanes from China to the rest of the world and Southeast Asia.

Strong Liquidity and Dividend Commitment

UPS maintained a strong liquidity position with no outstanding commercial paper and paid $2.7 billion in dividends year-to-date.

United Parcel (UPS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UPS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.34 / -	1.76	―	―	―
Jul 29, 2025	2025 (Q2)	1.56 / 1.55	1.79	-13.41% (-0.24)
Apr 29, 2025	2025 (Q1)	1.38 / 1.49	1.43	4.20% (+0.06)
Jan 30, 2025	2024 (Q4)	2.53 / 2.75	2.47	11.34% (+0.28)
Oct 24, 2024	2024 (Q3)	1.64 / 1.76	1.57	12.10% (+0.19)
Jul 23, 2024	2024 (Q2)	1.99 / 1.79	2.54	-29.53% (-0.75)
Apr 23, 2024	2024 (Q1)	1.28 / 1.43	2.2	-35.00% (-0.77)
Jan 30, 2024	2023 (Q4)	2.46 / 2.47	3.62	-31.77% (-1.15)
Oct 26, 2023	2023 (Q3)	1.53 / 1.57	2.99	-47.49% (-1.42)
Aug 08, 2023	2023 (Q2)	2.49 / 2.54	3.29	-22.80% (-0.75)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

UPS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$99.70	$89.16	-10.57%
Apr 29, 2025	$93.75	$93.40	-0.37%
Jan 30, 2025	$127.35	$109.38	-14.11%
Oct 24, 2024	$123.58	$130.10	+5.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.