Q4 25 EPS
$2.38
BEAT +8.18%
Est. $2.20
Q4 25 Revenue
$24.48B
BEAT +1.79%
Est. $24.05B
vs S&P Since Q4 25
-5.0%
TRAILING MARKET
UPS -1.4% vs S&P +3.6%
Full Year 2025 Results
FY 25 EPS
$7.16
BEAT +3.59%
Est. $6.91
FY 25 Revenue
$88.66B
BEAT +0.55%
Est. $88.17B
Market Reaction
Did UPS Beat Earnings? Q4 2025 Results
United Parcel Service closed out Q4 2025 with a stronger-than-expected earnings performance, posting adjusted diluted EPS of $2.38 against a consensus estimate of $2.20, an 8.18% beat, even as the company's deliberate strategic retreat from its large… Read more United Parcel Service closed out Q4 2025 with a stronger-than-expected earnings performance, posting adjusted diluted EPS of $2.38 against a consensus estimate of $2.20, an 8.18% beat, even as the company's deliberate strategic retreat from its largest customer continued to weigh on the top line. Consolidated revenue of $24.48 billion edged 1.79% above analyst expectations but still marked a 3.0% decline from the year-ago period, with U.S. Domestic Package volume losses tied to the ongoing Amazon volume reduction more than offsetting an 8.3% gain in revenue per piece. The quarter was also shaped by the complete retirement of UPS's MD-11 aircraft fleet, which triggered a $182 million pre-tax impairment charge and contributed to GAAP diluted EPS of $2.10. Cost discipline remained central to the story, as the company's Network Reconfiguration and Efficiency Reimagined programs, which included cutting nearly 48,000 positions, delivered roughly $3.50 billion in savings for the full year. Looking ahead, UPS guided for 2026 revenue of approximately $89.70 billion, with CEO Carol Tomé calling the year an inflection point as the Amazon glide-down concludes.
Key Takeaways
- • Revenue per piece grew 8.3% in U.S. Domestic segment, reflecting revenue quality strategy
- • International revenue per piece increased 7.1%
- • Consolidated revenue per piece grew 8.6% to $14.60
- • Network Reconfiguration and Efficiency Reimagined programs delivered approximately $3.5 billion in year-over-year cost savings in 2025
- • Operational workforce reduced by approximately 48,000 positions and 93 facilities closed
- • Best-in-class peak season service for the eighth consecutive year
- • Purchased transportation costs declined 22.2% in Q4
UPS YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
UPS Revenue by Segment
With YoY comparisons, source: SEC Filings
“I want to thank UPSers across the globe for their tireless commitment to serving our customers as we delivered best-in-class service during peak for the eighth year in a row and outperformed our financial expectations in the fourth quarter.”
— Carol Tomé, Q4 2025 Earnings Press Release
UPS Earnings Trends
UPS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
UPS EPS Trend
Earnings per share: estimate vs actual
UPS Revenue Trend
Quarterly revenue: estimate vs actual
UPS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.07 | — | $21.20B | +1.09% |
| Q4 25 BEAT FY | $2.20 | $2.38 | +8.18% | $24.48B | +1.79% |
| FY Full Year | $6.91 | $7.16 | +3.59% | $88.66B | +0.55% |
| Q3 25 BEAT | $1.30 | $1.74 | +33.94% | $21.42B | +2.76% |
| Q2 25 MISS | $1.57 | $1.55 | -1.02% | $21.22B | +1.76% |
| Q1 25 BEAT | $1.38 | $1.49 | +7.91% | $21.55B | +2.51% |