United Parcel Service (UPS) Revenue — Quarter Ended Mar 31, 2026
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The sequential drop was steeper than the year-over-year decline.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The sequential drop was steeper than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.2B
Revenue reported for this quarter.
Quarter-over-quarter
-13.4%
Change from the immediately preceding quarter.
Year-over-year
-1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$88.3B
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, 2025 | $21.2B | -2.7% |
| Sep 30, 2025 | $21.4B | -3.7% |
| Dec 31, 2025 | $24.5B | -3.2% |
| Mar 31, 2026 | $21.2B | -1.6% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reflecting a continuation of the downward trend seen in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, though the year-over-year decline was less pronounced than the sequential drop.
What to watch
The filing notes ongoing targeted volume reduction from the largest customer and network reconfiguration initiatives, which may continue to influence revenue.