United Parcel Service (UPS) 10-K Summary — Year Ended Dec 31, 2024
UPS operates a global package delivery and supply chain management business. The company's annual revenue remained nearly flat after a decline, and its operating cash flow supported financial flexibility.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
UPS operates a global package delivery and supply chain management business. The company's annual revenue remained nearly flat after a decline, and its operating cash flow supported financial flexibility.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$91.1B
Revenue reported for the fiscal year.
Operating income
$8.5B
Income from operations reported for the year.
Net income
$5.8B
Net income reported for the year.
Operating cash flow
$10.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $97.3B | n/a |
| Dec 31, 2022 | $100.3B | +3.1% |
| Dec 31, 2023 | $91B | -9.3% |
| Dec 31, 2024 | $91.1B | +0.1% |
Business overview
UPS operates as a global package delivery and logistics company, organized into three reporting segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The filing discusses its strategy, competitive strengths, and human capital management.
Financial performance
Annual revenue was essentially unchanged from the prior year, following a decline in the prior period. Operating income and net income were reported at levels reflecting the company's operating results, and operating cash flow remained a significant source of liquidity.
Material risks
The filing includes a risk factors section, but the provided context does not contain the specific risk descriptions. Therefore, no material risks can be identified from the supplied excerpts.
Liquidity and capital
The filing discusses liquidity and capital resources, referencing collective bargaining agreements and new accounting pronouncements. Operating cash flow was a key metric mentioned in the financial data.
What to watch
Readers should monitor updates on collective bargaining agreements in the next filing, as these are referenced in the liquidity and capital resources discussion.