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UPSUnited Parcel Service

Industrials · Trucking & Delivery · NYSE

UPS, founded in 1907, is a global package delivery and logistics provider. 10-K, Item 1

Employees
460,000
Headquarters
Atlanta, GA
Next results
around Jan 26, 2027
Compare with peers → Embed
RevenueFY2016–25 $88.7B−2.6% FY2024: $91.1B 10-K FY2025 · XBRL Net incomeFY2016–25 $5.6B−3.6% FY2024: $5.8B 10-K FY2025 · XBRL Free cash flowFY2016–25 $4.8B−23.3% FY2024: $6.2B 10-K FY2025 · XBRL Operating marginFY2016–25 8.9%−0.4 pts 12.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 17, 2026 against Feb 18, 2025
AreaWhat changedSource
Risk factors3 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Accounting checks11 other checks clear10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings3 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-18. Quoted as filed.

  1. In addition, we are increasing our utilization of artificial intelligence ("AI") to optimize our operations, improve the customer experience and support decision-making. The rapid evolution and increased adoption of AI technologies has and may continue to intensify our cybersecurity risks. AI technologies often require access to large…
    10-K, Item 1A
All 3 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

  • ✓
    Receivables +3.1% vs revenue -2.6% (+5.8 pts)
  • ✓
    Cash from operations $8.4B vs net income $5.6B (FY ending 2025-12-31)
  • ✓
    Inventory -10.5% vs revenue -2.6% (-7.9 pts)
  • ✓
    Same auditor in both 10-Ks: Deloitte & Touche LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    The same matters as last year: Revenue
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on UPS in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/UPS/export.csv") into a cell.