United Parcel Service (UPS) Revenue — Quarter Ended Mar 31, 2023
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marks a continuation of the downward trend observed in recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marks a continuation of the downward trend observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.9B
Revenue reported for this quarter.
Quarter-over-quarter
-15.2%
Change from the immediately preceding quarter.
Year-over-year
-6.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$98.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $24.8B | +5.7% |
| Sep 30, 2022 | $24.2B | +4.2% |
| Dec 31, 2022 | $27B | -2.7% |
| Mar 31, 2023 | $22.9B | -6.0% |
Revenue performance
Revenue fell from the prior quarter and also from the year-ago period, reflecting a weaker performance in the current quarter.
Quarterly comparison
Compared with the preceding quarter, revenue was lower, and it was also lower than the same quarter one year earlier. The year-over-year decline has now persisted for two consecutive quarters.
What to watch
The sustained year-over-year revenue decline warrants attention in upcoming filings.