United Parcel Service (UPS) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with the prior quarter. Revenue also decreased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with the prior quarter. Revenue also decreased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.1B
Revenue reported for this quarter.
Quarter-over-quarter
-4.5%
Change from the immediately preceding quarter.
Year-over-year
-12.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$93.1B
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 |
|---|---|---|
| Dec 31, 2022 | $27B | -2.7% |
| Mar 31, 2023 | $22.9B | -6.0% |
| Jun 30, 2023 | $22.1B | -10.9% |
| Sep 30, 2023 | $21.1B | -12.8% |
Revenue performance
The reported revenue moved downward for the quarter. The sequential decline was smaller than the year-over-year drop.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Versus the same quarter one year ago, revenue was also lower, with the year-over-year decrease being more pronounced than the sequential change.
What to watch
The revenue trajectory has shown a consistent decline over the trailing four quarters.