Revenue Decline Amid Volume Pressures
Total revenue fell to $21.2B in Q1 2026 from $21.5B in Q1 2025, a 1.6% YoY decrease, suggesting ongoing softness in package volumes or pricing headwinds across UPS's domestic and international segments.
UNITED PARCEL SERVICE INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: UPS reported a challenging Q1 2026 with revenue declining 1.6% YoY to $21.2B and net income falling 27.2% to $864M, reflecting significant margin compression as operating margin dropped nearly 180 basis points to 6.0%.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue fell to $21.2B in Q1 2026 from $21.5B in Q1 2025, a 1.6% YoY decrease, suggesting ongoing softness in package volumes or pricing headwinds across UPS's domestic and international segments.
Operating income dropped 23.9% YoY to $1.27B from $1.67B, with operating margin compressing from 7.7% to 6.0%, indicating that cost pressures are outpacing revenue generation and efficiency efforts.
Net income fell 27.2% YoY to $864M, and both basic and diluted EPS declined 27.1% to $1.02 from $1.40, reflecting the combined impact of lower revenues and higher relative costs.
Revenue
$21.2B
-1.60% YoY
EPS (Basic)
$1.02
-27.14% YoY
Operating Income
$1.27B
-23.95% YoY
Add UPS to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.