United Parcel Service, Inc. Q3 2025 Earnings Recap

UPS Q3 2025 October 28, 2025

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UPS reported third-quarter 2025 results featuring $21.4 billion in revenue and $2.1 billion in operating profit, reflecting a strategic focus on revenue quality amidst declining daily volumes, particularly in the U.S.

Earnings Per Share Beat

$1.74 vs $1.29 est.

+34.9% surprise

Revenue Beat

21415000000 vs 20841542742 est.

+2.8% surprise

Market Reaction

1-Day +8.0%

5-Day +8.07%

30-Day +1.85%

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Key Takeaways

U.S. average daily volume (ADV) declined by 12.3% year-over-year, primarily due to a planned reduction in Amazon and lower-yielding e-commerce volumes.
Revenue per piece increased by 9.8%, contributing to a stable operating margin of 10% despite declines in ADV.
Year-to-date free cash flow improved to $2.7 billion, alleviating prior cash flow pressures.
Significant growth in health care logistics, with revenue driven by strategic acquisitions aimed at enhancing service capabilities.
Digital Access Program (DAP) revenue rose 20% year-over-year, reaching over $2.8 billion in just nine months, highlighting continued strength in the SMB market.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit UPS on AllInvestView.

Next Q1 2026