United Parcel Service (UPS) stock
Industrials · Air Freight & Logistics
United Parcel Service (UPS) is an Air Freight & Logistics company in the Industrials sector, headquartered in Sandy Springs, Georgia. As of October 23, 2026, UPS closed at $101.06, a market capitalization of $85.98 billion, the 145th largest company in the S&P 500. Over the last twelve months it generated $89.93 billion in revenue (+8% year over year) and $5.46 billion in free cash flow. The stock trades at 18.8x trailing earnings and 12.5x forward earnings.
- 1-year total return: +23.7% (dividends reinvested)
- 5-year return: -8.9% a year
- 52-week range: $88.22 – $122.41
- Gross margin 22.4%, operating margin 9.1%
- Dividend yield: 6.49%, 16 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 21st largest of 83 Industrials stocks in the S&P 500
UPS price chart
1Y price change: +16.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| UPS | +5.5% | +6.7% | +23.7% | -6.8% | -8.9% | +3.4% | +4.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1999.
UPS key statistics
- Market cap
- $86.0B
- #145 in S&P 500
- P/E (TTM)
- 18.8x
- Forward P/E
- 12.5x
- EPS (TTM)
- $5.38
- Revenue (TTM)
- $89.9B
- +8%
- Free cash flow
- $5.5B
- Gross margin
- 22.4%
- Operating margin
- 9.1%
- Return on equity
- 29.6%
- Dividend yield
- 6.49%
- 52-week range
- $88.22 – $122.41
- Beta
- 1.05
- Price / sales
- 1.0x
- EV / EBITDA
- 9.1x
- Debt / equity
- 1.90x
- Employees
- 460,000
UPS report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.6%C
- Gross margin22.4%D
- Operating margin9.1%D
- FCF margin6.1%D
- Return on equity29.6%A
- Net debt / EBITDA2.0xC
- Forward P/E12.5xA
- PEG ratio1.4xB
- Shareholder yield7.7%A
- Share count change / yr-0.5%C
United Parcel Service financials
Revenue went from $61.6B in fiscal 2016 to $88.7B in fiscal 2025, growing 4.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.6B | $66.6B | $71.9B | $74.1B | $84.6B | $97.3B | $100.3B | $91.0B | $91.1B | $88.7B |
| Operating income | $7.7B | $7.5B | $7.0B | $7.8B | $7.7B | $12.8B | $13.1B | $9.1B | $8.5B | $7.9B |
| Net income | $3.4B | $4.9B | $4.8B | $4.4B | $1.3B | $12.9B | $11.5B | $6.7B | $5.8B | $5.6B |
| EPS (diluted) | $3.86 | $5.61 | $5.51 | $5.11 | $1.54 | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| Free cash flow | $3.5B | -$3.7B | $6.4B | $2.3B | $5.0B | $10.8B | $9.3B | $5.1B | $6.2B | $4.8B |
| Buybacks | $2.7B | $1.8B | $1.0B | $1.0B | $224.0M | $500.0M | $3.5B | $2.3B | $500.0M | $1.0B |
| Dividends paid | $2.6B | $2.8B | $3.0B | $3.2B | $3.4B | $3.4B | $5.1B | $5.4B | $5.4B | $5.4B |
| Diluted shares | 887.0M | 875.0M | 870.0M | 869.0M | 871.0M | 878.0M | 875.0M | 860.0M | 856.0M | 850.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into UPS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $110.0B and $5.5B of trailing free cash flow, United Parcel Service needs to grow free cash flow about 10.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.1% a year over the last five years.
P/E ratio history
Current 15.4x vs. median 20.9x (10th–90th percentile 13.8x–121.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
UPS dividend
- Dividend yield
- 6.49%
- Annual dividend
- $6.56
- Years of increases
- 16
- 5-yr dividend growth
- 10.2%
- per year
- Payout ratio
- 122%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
UPS earnings
Next report: October 27, 2026. United Parcel Service has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $22.8B (+8% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $1.66 | $1.76 | +5.8% |
| Apr 28, 2026 | $1.02 | $1.07 | +4.8% |
| Jan 27, 2026 | $2.20 | $2.38 | +8.1% |
| Oct 28, 2025 | $1.30 | $1.74 | +33.9% |
| Jul 29, 2025 | $1.57 | $1.55 | -1.0% |
| Apr 29, 2025 | $1.38 | $1.49 | +7.9% |
| Jan 30, 2025 | $2.53 | $2.75 | +8.6% |
| Oct 24, 2024 | $1.62 | $1.76 | +8.4% |
Stocks like UPS
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
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UPS news
- UPS Stock Is Down 57% From Its Record. Is It a Buy Before Its Oct. 27 Report? · Oct 24, 2026
- 4 High-Yield Dividends That Could Be Next on the Chopping Block · Oct 24, 2026
- 1 cash-producing stock worth investigating and 2 we turn down · Oct 23, 2026
- Where Did UPS Fall Behind FedEx? · Oct 23, 2026
- Enterprise Products Covers Its Payout 1.9 Times. These 4 Dividend Stocks Also Deserve a Look · Oct 22, 2026
UPS stock FAQ
What is UPS's market cap?
United Parcel Service's market capitalization is $85.98 billion as of October 23, 2026, ranking 145th in the S&P 500.
What is UPS's P/E ratio?
UPS trades at a trailing price-to-earnings ratio of 18.8x and a forward P/E of 12.5x. Its median P/E over the period we track is 20.9x.
Does UPS pay a dividend?
Yes. United Parcel Service pays $6.56 per share a year, a 6.49% yield. It has raised its dividend 16 years in a row. Dividends grew 10.2% a year over the last five years.
How much has UPS stock returned?
Including reinvested dividends, UPS returned +23.7% over one year, -8.9% a year over five years, +3.4% a year over ten years through October 23, 2026.
Is UPS stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies United Parcel Service must grow free cash flow about 11% a year for the next decade. Its free cash flow fell 1% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does UPS report earnings?
United Parcel Service is expected to report earnings on October 27, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does United Parcel Service have?
United Parcel Service has about 460,000 full-time employees, or $195,500 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology