United Parcel Service (UPS) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed over the prior three quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed over the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.7B
Revenue reported for this quarter.
Quarter-over-quarter
-12.9%
Change from the immediately preceding quarter.
Year-over-year
-5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$89.7B
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, 2023 | $22.1B | -10.9% |
| Sep 30, 2023 | $21.1B | -12.8% |
| Dec 31, 2023 | $24.9B | -7.8% |
| Mar 31, 2024 | $21.7B | -5.3% |
Revenue performance
Reported revenue for the quarter was lower than the prior quarter, marking a further contraction from the level seen in the same period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, and it was also down relative to the same quarter one year earlier. The trailing twelve-month revenue was lower than the sum of the four most recent quarters shown.
What to watch
The filing context does not provide specific causes for the revenue change; no additional watch items are indicated.