Form 10-Q · Quarterly report
United Parcel Service 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001090727
- Accession no.
- 0001628280-26-053249
Summary
UPS reported second-quarter 2026 revenue of $22.8 billion, up 7.6% from a year earlier, while operating profit fell 49% to $930 million and diluted earnings per share fell to $0.71, as the company absorbed restructuring and separation costs. UPS said it completed a planned reduction of more than 50% in volume from its largest customer versus 2024 levels, closed 45 buildings in the first half of 2026, and received U.S. Customs and Border Protection approval to recover roughly $500 million in IEEPA tariffs paid, following a February 2026 Supreme Court ruling invalidating certain of those tariffs.
Key points
- Second-quarter 2026 revenue rose 7.6% to $22.83 billion, operating profit fell 49% to $930 million, and diluted EPS fell to $0.71.
- UPS recorded approximately $1.1 billion in separation costs related to its Driver Choice Program in the first half of 2026 and closed 45 leased and owned buildings, 44 permanently.
- Non-GAAP adjusted diluted EPS was $1.76 for the quarter and $2.82 year to date, and UPS returned $2.7 billion to shareowners through dividends in the first half of 2026.
- UPS integrated Andlauer Healthcare Group, expanded its Incheon, South Korea hub, opened a logistics center in Taiwan, and began outsourcing last-mile delivery of a portion of Ground Saver to the United States Postal Service.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management's Discussion Overview During the second quarter of 2026, we took several steps in furtherance of our Customer First, People Led and Innovation Driven strategy to grow in the most attractive parts of the market including healthcare, small and medium-sized businesses ("SMBs") and international. This included completing the planned reduction of volume from our largest customer, as previously announced, in which we reduced their volume by more than 50% from 2024 levels. …
An excerpt of the text as filed with the SEC, cut for length.
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