United Parcel Service (UPS) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared with the prior quarter. The decrease also widened versus the same period a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared with the prior quarter. The decrease also widened versus the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.1B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
-10.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$96.2B
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 |
|---|---|---|
| Sep 30, 2022 | $24.2B | +4.2% |
| Dec 31, 2022 | $27B | -2.7% |
| Mar 31, 2023 | $22.9B | -6.0% |
| Jun 30, 2023 | $22.1B | -10.9% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter.
Quarterly comparison
Revenue was lower than in the same quarter one year ago. The decline was greater than the year-over-year drop in the prior quarter.
What to watch
The trend shows a second consecutive quarter of year-over-year revenue contraction.