United Parcel Service (UPS) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company attributed the growth to volume gains and strategic execution in its core markets.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company attributed the growth to volume gains and strategic execution in its core markets.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$90.7B
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 |
|---|---|---|
| Dec 31, 2023 | $24.9B | -7.8% |
| Mar 31, 2024 | $21.7B | -5.3% |
| Jun 30, 2024 | $21.8B | -1.1% |
| Sep 30, 2024 | $22.2B | +5.6% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, reversing a prior downward trend. The year-over-year comparison also showed an increase, marking a return to growth after several quarters of decline.
Quarterly comparison
Compared with the prior quarter, revenue improved, while the year-ago quarter also showed a higher figure. The sequential and annual comparisons both reflect positive revenue momentum.
What to watch
The company completed the divestiture of its truckload brokerage business during the quarter, which may affect future revenue comparisons.