United Parcel Service (UPS) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$24.9B
Revenue reported for this quarter.
Quarter-over-quarter
+18.3%
Change from the immediately preceding quarter.
Year-over-year
-7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$91B
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 |
|---|---|---|
| Mar 31, 2023 | $22.9B | -6.0% |
| Jun 30, 2023 | $22.1B | -10.9% |
| Sep 30, 2023 | $21.1B | -12.8% |
| Dec 31, 2023 | $24.9B | -7.8% |
Revenue performance
The reported revenue direction was upward from the prior quarter, reversing the sequential declines seen in earlier periods of the year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Compared to the same quarter one year earlier, revenue was lower.
What to watch
The trailing twelve-month revenue figure provides a broader context for evaluating the annual trend.