← Filings of UPS
Tables in the 10-Q of UNITED PARCEL SERVICE INC
49 tables with numbers, filed Nov 4, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “Securities registered pursuant to Section 12(b) of the Act:”
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| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
| Class B common stock, par value $0.01 per share | UPS | New York Stock Exchange |
| 1% Senior Notes due 2028 | UPS28 | New York Stock Exchange |
| 1.500% Senior Notes due 2032 | UPS32 | New York Stock Exchange |
| PART I—FINANCIAL INFORMATION | | |
| Cautionary Statement About Forward-Looking Statements | 1 |
| Item 1. | Financial Statements | 2 |
| Consolidated Balance Sheets | 2 |
| Statements of Consolidated Income | 3 |
| Statements of Consolidated Comprehensive Income (Loss) | 3 |
| Statements of Consolidated Cash Flows | 4 |
| Notes to Unaudited Consolidated Financial Statements | 5 |
First 8 of 51 rows. The CSV has all of them.
Table 3 after “September 30, 2026 (unaudited) and December 31, 2025 (in millions)”
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| September 30, 2026 | December 31, 2025 | |
| ASSETS | | | |
| Current Assets: | | | |
| Cash and cash equivalents | $6,837 | | $5,887 |
| Accounts receivable, Net | 10,392 | | 11,209 |
| Other current assets | 2,084 | | 1,949 |
| Total Current Assets | 19,313 | | 19,045 |
| Property, Plant and Equipment, Net | 37,917 | | 37,731 |
First 8 of 41 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenue | $22,853 | | $21,415 | | $66,889 | $64,182 |
| Operating Expenses: | | | | | | |
| Compensation and benefits | 11,807 | | 12,118 | | 36,006 | 35,571 |
| Repairs and maintenance | 809 | | 803 | | 2,390 | 2,290 |
| Depreciation and amortization | 965 | | 926 | | 2,930 | 2,774 |
| Purchased transportation | 3,275 | | 2,463 | | 9,226 | 7,715 |
First 8 of 22 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Net Income | $1,163 | | $1,311 | | $2,631 | $3,781 |
| Change in foreign currency translation adjustment, net of tax | (3) | | (46) | | (229) | 455 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | 30 | | 75 | | 154 | (353) |
| Change in unrecognized pension and postretirement benefit costs, net of tax | 29 | | 30 | | 85 | 90 |
| Change in other | — | | (1) | | — | — |
| Comprehensive Income | $1,219 | | $1,369 | | $2,641 | $3,973 |
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash Flows From Operating Activities: | | | |
| Net income | $2,631 | | $3,781 |
| Adjustments to reconcile net income to net cash from operating activities: | | | |
| Depreciation and amortization | 2,930 | | 2,774 |
| Pension and postretirement benefit expense | 644 | | 763 |
| Pension and postretirement benefit contributions | (897) | | (1,338) |
First 8 of 41 rows. The CSV has all of them.
Table 7 after “The following table presents supplemental cash flow information (in millions):”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash paid for amounts included in measurement of obligations: | | | |
| Operating cash flows from operating leases | $754 | | $716 |
| Operating cash flows from finance leases | 36 | | 12 |
| Financing cash flows from finance leases | 128 | | 93 |
| Noncash transactions: | | | |
| Pension contribution funded through debt issuance | $450 | | $— |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenue: | | | | | | |
| Next Day Air | $2,532 | | $2,381 | | $7,464 | $7,035 |
| Deferred | 1,064 | | 1,020 | | 3,211 | 3,093 |
| Ground | 10,917 | | 10,525 | | 32,263 | 31,718 |
| Cargo and Other | 352 | | 294 | | 982 | 917 |
| U.S. Domestic Package | 14,865 | | 14,220 | | 43,920 | 42,763 |
First 8 of 17 rows. The CSV has all of them.
Table 9 after “The weighted-average assumptions used and the weighted-average fair values of the LTIP RPU awards granted during the nine months ended Septe”
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| 2026 | 2025 | |
| Risk-free interest rate | 3.88% | | 3.86% |
| Expected volatility | 28.90% | | 28.39% |
| Weighted-average fair value of units granted | $106.15 | | $94.54 |
| Share payout | 106.20% | | 98.13% |
Table 10 after “The weighted-average assumptions used and the weighted-average fair values of options granted during the nine months ended September 30, 202”
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| 2026 | 2025 | |
| Expected dividend yield | 6.65% | | 5.21% |
| Risk-free interest rate | 3.95% | | 4.08% |
| Expected life (in years) | 6.25 | 6.11 | |
| Expected volatility | 30.36% | | 30.35% |
| Weighted-average fair value of options granted | $18.34 | | $18.72 |
Table 11 after “Property, plant and equipment as of September 30, 2026 and December 31, 2025 consisted of the following (in millions):”
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| 2026 | 2025 | |
| Vehicles | $11,744 | | $11,787 |
| Aircraft(1) | 24,851 | | 24,149 |
| Land | 2,014 | | 2,046 |
| Buildings | 6,960 | | 6,906 |
| Building and leasehold improvements | 5,738 | | 5,686 |
| Plant equipment | 20,419 | | 19,817 |
| Technology equipment | 2,711 | | 2,635 |
First 8 of 12 rows. The CSV has all of them.
Table 12 after “Information about the net periodic benefit cost for our company-sponsored pension and postretirement benefit plans for the three and nine mo”
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| U.S. Pension Benefits | | U.S. Postretirement Medical Benefits | | International Pension Benefits | | | | | | | | |
| 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | |
| Three Months Ended September 30: | | | | | | | | | | | | | |
| Service cost | $269 | | | $281 | | | $4 | | | $5 | | $9 | $10 |
| Interest cost | 701 | | | 679 | | | 25 | | | 28 | | 16 | 17 |
| Expected return on assets | (822) | | | (787) | | | (1) | | | (2) | | (23) | (21) |
| Amortization of prior service cost | 36 | | | 39 | | | — | | | — | | 1 | — |
| Net periodic benefit cost | $184 | | | $212 | | | $28 | | | $31 | | $3 | $6 |
First 8 of 16 rows. The CSV has all of them.
Table 13 after “The following table indicates the allocation of goodwill as of September 30, 2026 and December 31, 2025 (in millions):”
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| U.S. Domestic Package | International Package | | SCS | Consolidated | |
| Balance as of December 31, 2025 | $847 | | $596 | | $4,394 | $5,837 |
| Impairments | — | | — | | (182) | (182) |
| Currency / Other | — | | (12) | | (53) | (65) |
| Balance as of September 30, 2026 | $847 | | $584 | | $4,159 | $5,590 |
Table 14 after “The following table summarizes intangible assets as of September 30, 2026 and December 31, 2025 (in millions):”
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| Gross Carrying Amount | Accumulated Amortization | | Net Carrying Value | |
| September 30, 2026: | | | | | |
| Capitalized software | $7,326 | | $(4,990) | | $2,336 |
| Customer relationships | 1,391 | | (362) | | 1,029 |
| Trademarks, patents and other | 364 | | (187) | | 177 |
| Franchise rights | 389 | | (78) | | 311 |
| Trade name | 115 | | (50) | | 65 |
| Licenses | 85 | | (55) | | 30 |
First 8 of 21 rows. The CSV has all of them.
Table 15 after “The components of lease expense for the three and nine months ended September 30, 2026 and 2025 were as follows (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Operating lease costs | $249 | | $246 | | $743 | $709 |
| Finance lease costs: | | | | | | |
| Amortization of assets | 49 | | 42 | | 138 | 104 |
| Interest on lease obligations | 18 | | 6 | | 42 | 18 |
| Total finance lease costs | 67 | | 48 | | 180 | 122 |
| Variable lease costs | 74 | | 97 | | 284 | 287 |
First 8 of 10 rows. The CSV has all of them.
Table 16 after “The carrying value of our outstanding debt obligations as of September 30, 2026 and December 31, 2025 consisted of the following (in million”
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| Principal Amount | | | Carrying Value | | | |
| | Maturity | 2026 | | 2025 | | |
| Fixed-rate senior notes: | | | | | | | |
| 2.400% senior notes | $500 | | 2026 | | $500 | | $500 |
| 3.050% senior notes | 1,000 | | 2027 | | 999 | | 998 |
| 3.400% senior notes | 750 | | 2029 | | 749 | | 748 |
| 2.500% senior notes | 400 | | 2029 | | 399 | | 399 |
| 4.450% senior notes | 750 | | 2030 | | 747 | | 747 |
First 8 of 42 rows. The CSV has all of them.
Table 17 after “The following is a rollforward of our common stock, additional paid-in capital, retained earnings and non-controlling interests accounts for”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Class A Common Stock: | | | | | | |
| Balance at beginning of period | $1 | | $2 | | $1 | $2 |
| Class A shares issued at end of period | $1 | | $2 | | $1 | $2 |
| Class B Common Stock: | | | | | | |
| Balance at beginning of period | $8 | | $7 | | $8 | $7 |
| Class B shares issued at end of period | $8 | | $7 | | $8 | $7 |
First 8 of 25 rows. The CSV has all of them.
Table 18 after “The activity in accumulated other comprehensive income (loss) ("AOCI") was as follows (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Foreign Currency Translation Loss, Net of Tax: | | | | | | |
| Balance at beginning of period | $(1,284) | | $(1,085) | | $(1,058) | $(1,586) |
| Translation adjustment (net of tax effect of $0 and $(3) for the three months ended September 30, 2026 and 2025, respectively, and $(10) and $0 for the nine months ended September 30, 2026 and 2025, respectively) | (3) | | (46) | | (229) | 455 |
| Balance at end of period | (1,287) | | (1,131) | | (1,287) | (1,131) |
| Unrealized (Loss) Gain on Cash Flow Hedges, Net of Tax: | | | | | | |
| Balance at beginning of period | (129) | | (337) | | (253) | 91 |
First 8 of 19 rows. The CSV has all of them.
Table 19 after “Detail of the gains (losses) reclassified from accumulated other comprehensive loss to the statements of consolidated income was as follows ”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | Affected Line Item in | | | | |
| 2026 | 2025 | | 2026 | 2025 | the Income Statement | | |
| Unrealized (Loss) Gain on Cash Flow Hedges: | | | | | | | | |
| Foreign currency exchange contracts | $(5) | | $(17) | | $(45) | | $44 | Revenue |
| Foreign currency exchange contracts | (1) | | (1) | | (1) | | (1) | Investment income and other |
| Interest rate contracts | (1) | | (1) | | (4) | | (4) | Interest expense |
| Income tax (expense) benefit | 2 | | 5 | | 12 | | (9) | Income tax expense |
| Impact on net income | (5) | | (14) | | (38) | | 30 | Net income |
First 8 of 13 rows. The CSV has all of them.
Table 20 after “Segment results of operations for the three and nine months ended September 30, 2026 and 2025 were as follows (in millions):”
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| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2026 | | 2025 | | 2026 | 2025 | | |
| U.S. Domestic Package: | | | | | | | |
| Revenue | $14,865 | | | $14,220 | | $43,920 | $42,763 |
| Less: | | | | | | | |
| Compensation | 4,890 | | | 5,000 | | 14,458 | 15,001 |
| Benefits | 4,236 | | | 4,462 | | 13,490 | 12,811 |
| Other segment items(1) | 4,833 | | | 4,155 | | 14,535 | 12,453 |
First 8 of 27 rows. The CSV has all of them.
Table 21 after “Depreciation and amortization by reportable segment for the three and nine months ended September 30, 2026 and 2025 are included within the ”
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| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2026 | | 2025 | | 2026 | 2025 | | |
| Depreciation and amortization | | | | | | | |
| U.S. Domestic Package | $662 | | | $619 | | $2,025 | $1,878 |
| International Package | 192 | | | 215 | | 577 | 626 |
| Other depreciation and amortization(1) | 111 | | | 92 | | 328 | 270 |
| Consolidated Depreciation and Amortization | $965 | | | $926 | | $2,930 | $2,774 |
Table 22 after “Assets by reportable segment as of September 30, 2026 and December 31, 2025 consisted of the following (in millions):”
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| 2026 | 2025 | |
| Segment Assets | | | |
| U.S. Domestic Package | $37,637 | | $38,359 |
| International Package | 18,262 | | 18,214 |
| Other assets(1) | 12,341 | | 12,693 |
| Unallocated assets(2) | 4,479 | | 3,824 |
| Consolidated Assets | $72,719 | | $73,090 |
Table 23 after “The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 202”
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| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2026 | | 2025 | | 2026 | 2025 | | |
| Numerator: | | | | | | | |
| Net income | $1,163 | | | $1,311 | | $2,631 | $3,781 |
| Denominator: | | | | | | | |
| Weighted-average shares | 851 | | | 848 | | 850 | 848 |
| Vested portion of restricted shares | — | | | — | | 1 | 1 |
| Denominator for basic earnings per share | 851 | | | 848 | | 851 | 849 |
First 8 of 13 rows. The CSV has all of them.
Table 24 after “As of September 30, 2026 and December 31, 2025, the notional amounts of our outstanding derivative positions were as follows (in millions):”
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| | September 30, 2026 | December 31, 2025 | |
| Currency hedges: | | | | |
| Euro | EUR | 3,133 | | 2,764 |
| British Pound Sterling | GBP | 446 | | 410 |
| Canadian Dollar | CAD | 1,327 | | 1,574 |
| Hong Kong Dollar | HKD | 5,556 | | 4,317 |
| Chinese Renminbi | CNH | 8,780 | | 6,743 |
Table 25 after “indicate the potential net fair value positions by type of contract and location in our consolidated balance sheets had we elected to apply ”
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| | Fair Value Hierarchy Level | | Gross Amounts Presented in Consolidated Balance Sheets | | Net Amounts if Right of Offset had been Applied | | | | |
| Asset Derivatives | Balance Sheet Location | | September 30, 2026 | | December 31, 2025 | | September 30, 2026 | December 31, 2025 | | |
| Derivatives designated as hedges: | | | | | | | | | | |
| Foreign currency exchange contracts | Other current assets | Level 2 | | $44 | | | $5 | | $20 | $— |
| Foreign currency exchange contracts | Other non-current assets | Level 2 | | 62 | | | 4 | | 36 | — |
| Total Asset Derivatives | | | | $106 | | | $9 | | $56 | $— |
Table 26 after “indicate the potential net fair value positions by type of contract and location in our consolidated balance sheets had we elected to apply ”
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| | Fair Value Hierarchy Level | | Gross Amounts Presented in Consolidated Balance Sheets | | Net Amounts if Right of Offset had been Applied | | | | |
| Liability Derivatives | Balance Sheet Location | | September 30, 2026 | | December 31, 2025 | | September 30, 2026 | December 31, 2025 | | |
| Derivatives designated as hedges: | | | | | | | | | | |
| Foreign currency exchange contracts | Other current liabilities | Level 2 | | $29 | | | $83 | | $5 | $78 |
| Foreign currency exchange contracts | Other non-current liabilities | Level 2 | | 37 | | | 91 | | 11 | 87 |
| Total Liability Derivatives | | | | $66 | | | $174 | | $16 | $165 |
Table 27 after “The following table indicates the amounts that were recorded in our consolidated balance sheets related to cumulative basis adjustments for ”
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| Line Item in the Consolidated Balance Sheets in Which the Hedged Item is Included | | Carrying Amount of Hedged Liabilities | | Cumulative Amount of Fair Value Hedge Adjustments | | Carrying Amount of Hedged Liabilities | | Cumulative Amount of Fair Value Hedge Adjustments | |
| September 30, 2026 | | September 30, 2026 | | December 31, 2025 | | December 31, 2025 | | |
| Long-term debt and finance leases | | $278 | | | $3 | | | $279 | $3 |
Table 28 after “in our statements of consolidated income for cash flow hedges during the three and nine months ended September 30, 2026 and 2025 (in million”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Gain or (loss) on cash flow hedging relationships: | | | | | | |
| Foreign currency exchange contracts: | | | | | | |
| Amount of gain or (loss) reclassified from accumulated other comprehensive income | $(5) | | $(17) | | $(45) | $44 |
Table 29 after “The following table indicates the amount of gains (losses) that were recognized in AOCI during the three and nine months ended September 30,”
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| Derivative Instruments in Cash Flow Hedging Relationships | | Amount of Gain (Loss) Recognized in AOCI on Derivatives | | |
| 2026 | | 2025 | |
| Three Months Ended September 30: | | | | |
| Foreign currency exchange contracts | | $34 | | $80 |
| Total | | $34 | | $80 |
| Nine Months Ended September 30: | | | | |
| Foreign currency exchange contracts | | $153 | | $(425) |
| Total | | $153 | | $(425) |
Table 30 after “The following table indicates the amount of gains (losses) that have been recognized in AOCI within foreign currency translation adjustment ”
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| Non-derivative Instruments in Net Investment Hedging Relationships | | Amount of Gain (Loss) Recognized in AOCI on Debt | | |
| 2026 | | 2025 | |
| Three Months Ended September 30: | | | | |
| Foreign currency denominated debt | | $4 | | $10 |
| Total | | $4 | | $10 |
| Nine Months Ended September 30: | | | | |
| Foreign currency denominated debt | | $53 | | $(260) |
| Total | | $53 | | $(260) |
Table 31 after “The table below presents transformation strategy costs for the three and nine months ended September 30, 2026 and 2025 (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Transformation Strategy Costs: | | | | | | |
| Compensation and benefits | $113 | | $284 | | $1,261 | $358 |
| Total other expenses | 58 | | 44 | | 137 | 102 |
| Total Transformation Strategy Costs | $171 | | $328 | | $1,398 | $460 |
| Income Tax Benefit from Transformation Strategy Costs (1) | (41) | | (78) | | (335) | (109) |
| After-Tax Transformation Strategy Costs | $130 | | $250 | | $1,063 | $351 |
Table 32 after “initiatives. Total costs by initiative are shown in the table below for the three and nine months ended September 30, 2026 and 2025 (in mill”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Transformation Strategy Costs: | | | | | | |
| Transformation 2.0 | $— | | $13 | | $— | $26 |
| Fit to Serve | — | | 19 | | — | 47 |
| Network Reconfiguration and Efficiency Reimagined | 171 | | 296 | | 1,398 | 387 |
| Total Transformation Strategy Costs | $171 | | $328 | | $1,398 | $460 |
Table 33 after “Highlights of our consolidated results for the three and nine months ended September 30, 2026 and 2025, which are discussed in more detail b”
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| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | | 2025 | | $% | | | | | | | |
| Revenue (in millions) | $22,853 | | $21,415 | | $1,438 | | | 6.7% | | | $66,889 | | | $64,182 | $2,707 | | 4.2% |
| Operating Expenses (in millions) | 21,109 | | 19,611 | | 1,498 | | | 7.6% | | | 62,948 | | | 58,890 | 4,058 | | 6.9% |
| Operating Profit (in millions) | $1,744 | | $1,804 | | $(60) | | | (3.3)% | | | $3,941 | | | $5,292 | $(1,351) | | (25.5)% |
| Operating Margin | 7.6% | | 8.4% | | | | | | 5.9% | | | 8.2% | | | | | |
| Net Income (in millions) | $1,163 | | $1,311 | | $(148) | | | (11.3)% | | | $2,631 | | | $3,781 | $(1,150) | | (30.4)% |
| Basic Earnings Per Share | $1.37 | | $1.55 | | $(0.18) | | | (11.6)% | | | $3.09 | | | $4.46 | $(1.37) | | (30.7)% |
First 8 of 12 rows. The CSV has all of them.
Table 34 after “Non-GAAP adjusted amounts reflect the following (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| Non-GAAP Adjustments | 2026 | 2025 | | 2026 | 2025 | |
| Operating Expenses: | | | | | | |
| Transformation Strategy Costs: | | | | | | |
| Transformation 2.0 | $— | | $13 | | $— | $26 |
| Fit to Serve | — | | 19 | | — | 47 |
| Network Reconfiguration and Efficiency Reimagined | 171 | | 296 | | 1,398 | 387 |
| Total Transformation Strategy Costs | 171 | | 328 | | 1,398 | 460 |
First 8 of 12 rows. The CSV has all of them.
Table 35 after “Non-GAAP adjusted amounts reflect the following (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| Non-GAAP Adjustments | 2026 | 2025 | | 2026 | 2025 | |
| Other Income (Expense): | | | | | | |
| Goodwill and Asset Impairment Charges | $— | | $— | | $— | $19 |
| Total Non-GAAP Adjustments to Other Income | $— | | $— | | $— | $19 |
| Total Non-GAAP Adjustments to Income Before Income Taxes | $310 | | $328 | | $1,537 | $498 |
Table 36 after “Non-GAAP adjusted amounts reflect the following (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| Non-GAAP Adjustments | 2026 | 2025 | | 2026 | 2025 | |
| Income Tax (Benefit) Expense: | | | | | | |
| Transformation Strategy Costs: | | | | | | |
| Transformation 2.0 | $— | | $3 | | $— | $6 |
| Fit to Serve | — | | 4 | | — | 10 |
| Network Reconfiguration and Efficiency Reimagined | 41 | | 71 | | 335 | 93 |
| Total Transformation Strategy Costs | 41 | | 78 | | 335 | 109 |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended September 30, | | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | | | |
| 2026 | | 2025 | | $% | | 2026 | 2025 | | $% | | | | | | | | | | |
| Average Daily Package Volume (in thousands): | | | | | | | | | | | | | | | | | | | |
| Next Day Air | 1,322 | | | 1,422 | | | (7.0)% | | | 1,366 | | | 1,456 | | | | (6.2)% | | |
| Deferred | 755 | | | 804 | | | (6.1)% | | | 784 | | | 831 | | | | (5.7)% | | |
| Ground | 13,544 | | | 13,924 | | | (2.7)% | | | 13,734 | | | 14,420 | | | | (4.8)% | | |
| Total Average Daily Package Volume | 15,621 | | | 16,150 | | | (3.3)% | | | 15,884 | | | 16,707 | | | | (4.9)% | | |
| Average Revenue Per Piece: | | | | | | | | | | | | | | | | | | | |
First 8 of 30 rows. The CSV has all of them.
Table 38 after “The change in revenue was due to the following:”
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| Volume | Rates / Product Mix | | Fuel Surcharge | Total Revenue Change | |
| Revenue Change Drivers: | | | | | | |
| Third quarter 2026 vs. 2025 | (1.9)% | | 3.5% | | 2.9% | 4.5% |
| Year to date 2026 vs. 2025 | (4.4)% | | 4.5% | | 2.6% | 2.7% |
| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | | 2025 | | $% | | | | | | | |
| Average Daily Package Volume (in thousands): | | | | | | | | | | | | | | | | | |
| Domestic | 1,396 | | 1,536 | | | | (9.1)% | | | 1,420 | | | 1,539 | | | (7.7)% | |
| Export | 1,589 | | 1,733 | | | | (8.3)% | | | 1,623 | | | 1,728 | | | (6.1)% | |
| Total Average Daily Package Volume | 2,985 | | 3,269 | | | | (8.7)% | | | 3,043 | | | 3,267 | | | (6.9)% | |
| Average Revenue Per Piece: | | | | | | | | | | | | | | | | | |
| Domestic | $9.47 | | $8.62 | | $0.85 | | | 9.9% | | | $9.45 | | | $8.37 | $1.08 | | 12.9% |
First 8 of 30 rows. The CSV has all of them.
Table 40 after “The change in revenue was due to the following:”
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| Volume | Rates / Product Mix | | Fuel Surcharge | Currency | Total Revenue Change | | |
| Revenue Change Drivers: | | | | | | | | |
| Third quarter 2026 vs. 2025 | (7.1)% | | 6.3% | | 8.4% | | (0.5)% | 7.1% |
| Year to date 2026 vs. 2025 | (6.2)% | | 6.5% | | 6.2% | | 1.3% | 7.8% |
| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | 2025 | | $% | | | | | | | | |
| Revenue (in millions): | | | | | | | | | | | | | | | | | |
| Forwarding | $858 | | $730 | | $128 | | 17.5% | | | $2,305 | | | $2,188 | | $117 | | 5.3% |
| Logistics | 1,598 | | 1,363 | | 235 | | 17.2% | | | 4,547 | | | 4,411 | | 136 | | 3.1% |
| Other SCS | 525 | | 429 | | 96 | | 22.4% | | | 1,526 | | | 1,289 | | 237 | | 18.4% |
| Total Revenue | $2,981 | | $2,522 | | $459 | | 18.2% | | | $8,378 | | | $7,888 | | $490 | | 6.2% |
| Operating Expenses (in millions): | | | | | | | | | | | | | | | | | |
First 8 of 24 rows. The CSV has all of them.
Table 42 after “The following table sets forth our consolidated operating expense for the three and nine months ended September 30, 2026 and 2025, respectiv”
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| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | 2025 | $% | | | | | | | | |
| Operating Expenses (in millions): | | | | | | | | | | | | | | | | |
| Compensation and benefits | $11,807 | | $12,118 | | $(311) | | (2.6)% | | $36,006 | | | $35,571 | | $435 | | 1.2% |
| Transformation Strategy Costs | (113) | | (284) | | 171 | | (60.2)% | | (1,261) | | | (358) | | (903) | | 252.2% |
| Non-GAAP Adjusted Compensation and Benefits | $11,694 | | $11,834 | | $(140) | | (1.2)% | | $34,745 | | | $35,213 | | $(468) | | (1.3)% |
| Repairs and maintenance | $809 | | $803 | | $6 | | 0.7% | | $2,390 | | | $2,290 | | $100 | | 4.4% |
| Depreciation and amortization | 965 | | 926 | | 39 | | 4.2% | | 2,930 | | | 2,774 | | 156 | | 5.6% |
First 8 of 21 rows. The CSV has all of them.
Table 43 after “Amount represents the change in currency translation compared to the prior year.”
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| Three Months Ended September 30, | Change | Nine Months Ended September 30, | | Change | | | | | |
| 2026 | 2025 | | $2026 | | 2025 | $ | | | |
| Non-GAAP Adjustments to Operating Expenses (in millions): | | | | | | | | | | |
| Transformation Strategy Costs: | | | | | | | | | | |
| Compensation | $— | | $4 | | | $(4) | | $— | $11 | $(11) |
| Benefits | 113 | | 280 | | | (167) | | 1,261 | 347 | 914 |
| Other expenses | 58 | | 44 | | | 14 | | 137 | 102 | 35 |
| Total Transformation Strategy Costs | $171 | | $328 | | | $(157) | | $1,398 | $460 | $938 |
First 8 of 13 rows. The CSV has all of them.
Table 44 after “The following table sets forth investment income and other and interest expense for the three and nine months ended September 30, 2026 and 2”
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| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | 2025 | $% | | | | | | | |
| Investment Income and Other | $116 | | $94 | | $22 | | 23.4% | | $342 | | $251 | | $91 | | 36.3% |
| Goodwill and Asset Impairment Charges | — | | — | | — | | N/A | — | | 19 | | (19) | | (100.0)% | |
| Non-GAAP Adjusted Investment Income and Other | 116 | | 94 | | 22 | | 23.4% | | 342 | | 270 | | 72 | | 26.7% |
| Interest Expense | (289) | | (291) | | 2 | | (0.7)% | | (827) | | (751) | | (76) | | 10.1% |
| Total Other Income (Expense) | $(173) | | $(197) | | $24 | | (12.2)% | | $(485) | | $(500) | | $15 | | (3.0)% |
| Non-GAAP Adjusted Total Other Income (Expense) | $(173) | | $(197) | | $24 | | (12.2)% | | $(485) | | $(481) | | $(4) | | 0.8% |
Table 45 after “The following table sets forth our income tax expense and effective tax rate for the three and nine months ended September 30, 2026 and 2025”
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| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | | |
| 2026 | 2025 | | $% | | 2026 | 2025 | | $% | | | | | | | | |
| Income Tax Expense | $408 | | $296 | | $112 | | 37.8% | | | $825 | | | $1,011 | | $(186) | | (18.4)% |
| Income Tax Impact of: | | | | | | | | | | | | | | | | | |
| Transformation Strategy Costs | 41 | | 78 | | (37) | | (47.4)% | | | 335 | | | 109 | | 226 | | 207.3% |
| Net Loss on Divestiture | — | | — | | — | | N/A | | — | | | 4 | | (4) | | (100.0)% | |
| Gains on Sales of Assets | (10) | | — | | (10) | | N/A | | (10) | | | — | | (10) | | N/A | |
| Reversal of Income Tax Valuation Allowance | — | | 86 | | (86) | | (100.0)% | | | — | | | 109 | | (109) | | (100.0)% |
First 8 of 11 rows. The CSV has all of them.
Table 46 after “The following is a summary of the significant sources (uses) of cash from operating activities (in millions):”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Net income | $2,631 | | $3,781 |
| Non-cash operating activities (1) | 4,217 | | 3,465 |
| Pension and postretirement medical benefit plan contributions (company-sponsored plans) | (897) | | (1,338) |
| Income tax receivables and payables | (277) | | (521) |
| Changes in working capital and other non-current assets and liabilities | 300 | | (236) |
| Other operating activities | 12 | | (3) |
First 8 of 9 rows. The CSV has all of them.
Table 47 after “Our primary (uses) sources of cash from investing activities were as follows (in millions):”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Net cash used in investing activities | $(1,777) | | $(2,734) |
| Capital Expenditures: | | | |
| Buildings, facilities and plant equipment | $(1,491) | | $(1,744) |
| Information technology | (648) | | (873) |
| Aircraft and parts | (62) | | (144) |
| Vehicles | (20) | | (208) |
First 8 of 14 rows. The CSV has all of them.
Table 48 after “Our primary (uses) sources of cash from financing activities were as follows (in millions, except per share data):”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Net cash used in financing activities | $(3,206) | | $(1,947) |
| Share Repurchases: | | | |
| Cash paid to repurchase shares(1) | $— | | $(1,000) |
| Number of shares repurchased | — | | (8.6) |
| Shares outstanding at period end | 851 | | 848 |
| Dividends: | | | |
First 8 of 17 rows. The CSV has all of them.
| 3.1 | — | Restated Certificate of Incorporation of United Parcel Service, Inc. (incorporated by reference to Exhibit 3.3 to Form 8-K filed on May 12, 2010). |
| 3.2 | — | Amended and Restated Bylaws of United Parcel Service, Inc. (incorporated by reference to Exhibit 3.1 to Form 8-K, filed on May 9, 2023). |
| 4.1 | — | Form of 4.850% Senior Notes due 2031 (incorporated by reference to Exhibit 4.1 to Form 8-K, filed on August 12, 2026). |
| 4.2 | — | Form of Floating Rate Senior notes due 2076 (incorporated by reference to Exhibit 4.1 to Form 8-K, filed on August 18, 2026). |
| 10.1 | — | Form of Retention Agreement between the Company and Nando Cesarone, dated September 1, 2026 (incorporated by reference to Exhibit 10.1 to Form 8-K, filed August 31, 2026)*. |
| 10.2 | — | Form of Retention Agreement between the Company and Bala Subramanian, dated September 1, 2026 (incorporated by reference to Exhibit 10.2 to Form 8-K, filed August 31, 2026)*. |
| 31.1 | — | Certification of the Principal Executive Officer Pursuant to Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2 | — | Certification of the Principal Financial and Accounting Officer Pursuant to Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
First 8 of 12 rows. The CSV has all of them.