Earnings Releases·Oct 27, 2026, 6:05 AM ET

UPS — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 6.7% year-over-year to $22.9 billion, with nine-month non-GAAP adjusted free cash flow increasing to $4.22 billion from $2.74 billion; however, nine-month GAAP operating profit declined to $3.9 billion from $5.3 billion due to a $279 million net charge including a $182 million goodwill impairment in Supply Chain Solutions.
Management raised full-year 2026 guidance across all key metrics, projecting consolidated revenue of approximately $92.6 billion, non-GAAP adjusted operating profit of $8.75 billion, diluted EPS of $7.28, and free cash flow of $6.1 billion.
Fourth-quarter 2026 guidance was also increased to approximately $25.7 billion in revenue and $3.3 billion in non-GAAP adjusted operating profit, reflecting confidence in the network's efficiency and momentum entering the holiday shipping season.
Strategic initiatives generated $1.8 billion in benefits in the first nine months, with full-year benefits expected to reach nearly $3 billion, while confirmed capital expenditures remain at $3.0 billion and dividend payments are targeted at $5.4 billion.