United Parcel Service (UPS) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and UPS published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. UPS reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• UPS's planned volume reduction from its largest customer, Amazon, was completed in Q2 2026, so U.S. Domestic Package volume is still lower than a year earlier.
• Q3 2025 included a $330 million pre-tax gain from a sale-leaseback in Supply Chain Solutions, worth $0.30 of EPS, which flatters the year-ago comparison for that segment.
• The Q3 2026 release does not print consolidated revenue in millions; the $22,853 million figure is from the Form 10-Q.

Source: UPS Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How UPS splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• UPS's U.S. Domestic Package revenue was $14.9 billion in Q3 2026, up 5% from $14.2 billion in Q3 2025, 65% of total revenue.
• UPS's International Package revenue was $5.0 billion in Q3 2026, up 7% from $4.7 billion in Q3 2025, 22% of total revenue.
• UPS's Supply Chain Solutions revenue was $3.0 billion in Q3 2026, up 18% from $2.5 billion in Q3 2025, 13% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, UPS said:

“For the fourth quarter of 2026, on a consolidated basis, UPS expects revenue to be approximately $25.7 billion and non-GAAP adjusted operating profit of approximately $3.3 billion.”

“For the full year 2026, the company now expects consolidated revenue of approximately $92.6 billion, non-GAAP adjusted operating profit of approximately $8.75 billion, non-GAAP adjusted diluted EPS of approximately $7.28, and non-GAAP adjusted free cash flow of approximately $6.1B.”

“Capital expenditures of approximately $3.0 billion”

“Effective tax rate of approximately 23%”

Source: UPS Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the UPS forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Consolidated revenue and GAAP diluted EPS, each as first reported in that quarter's earnings release financial schedules.

UPS's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

UPS reported Q3 2026 consolidated revenue of $22,853 million, up 6.7%. U.S. Domestic Package brought in $14,865 million, of which Ground was $10,917 million, Next Day Air $2,532 million and Deferred $1,064 million. International Package added $5,007 million, mostly Export at $3,935 million, and Supply Chain Solutions $2,981 million. (UPS Q3 2026 release, Oct 27, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

U.S. Domestic Package revenue rose 4.5% on a 6.1% increase in revenue per piece, which UPS attributes to an average 5.9% net increase in base and accessorial rates, higher fuel surcharges and favorable customer mix. Average daily U.S. Domestic volume was 15,621 thousand pieces, against 16,150 thousand, and Ground average daily volume fell 2.7%. (UPS Q3 2026 release, Oct 27, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

Amazon.com and its affiliates, UPS's largest customer, accounted for 10.6% of 2025 consolidated revenues, substantially all in U.S. Domestic Package, and UPS's strategy was to cut that customer's volume by more than 50% by June 2026 from 2024 levels. UPS says the planned reductions were completed in Q2 2026. (UPS Form 10-K, 2025, Feb 17, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

International Package revenue rose 7.1% on a 15.0% increase in revenue per piece, which UPS puts down to fuel surcharges, revenue quality actions and favorable trade lane mix. Export average daily volume fell 8.3%, led by EMEA intra-regional declines and the Middle East conflict, partly offset by China-to-U.S. and Asia-to-Asia lanes. (UPS Q3 2026 release, Oct 27, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

Supply Chain Solutions revenue rose 18.2%, primarily from forwarding and logistics, including healthcare. Logistics revenue was $1,598 million against $1,363 million and Forwarding $858 million against $730 million, helped by UPS's acquisition of Andlauer Healthcare Group in the fourth quarter of 2025. (UPS Q3 2026 release, Oct 27, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

UPS's GAAP diluted EPS of $1.37 in Q3 2026 included a net charge of $279 million, or $0.32 per share: $130 million of after-tax transformation strategy costs and a $182 million goodwill impairment in Supply Chain Solutions, partly offset by a $33 million gain on the sale of MD-11 assets. Excluding those, non-GAAP adjusted diluted EPS was $1.69, against $1.74 a year earlier. (UPS Q3 2026 release, Oct 27, 2026)

The goodwill impairment was in UPS's Healthcare Logistics and Distribution reporting unit, whose estimated fair value was hurt by a higher cost of capital tied to weaker results in European healthcare logistics. That unit carried approximately $1.6 billion of UPS's $5.8 billion of goodwill at the July 1, 2026 test date. (UPS Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted shares were 852 million, against 848 million, and UPS repurchased no shares in the first nine months of 2026, after buying 8.6 million shares for $1.0 billion a year earlier. GAAP income tax expense was $408 million on income before taxes of $1,571 million. The year-ago adjusted EPS excludes an $86 million reversal of an income tax valuation allowance. (UPS Q3 2026 release, Oct 27, 2026; UPS Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

UPS gives a numeric outlook in its release. After Q3 2026 it raised its guidance, now expecting Q4 2026 revenue of approximately $25.7 billion and non-GAAP adjusted operating profit of approximately $3.3 billion, and full-year 2026 revenue of approximately $92.6 billion, non-GAAP adjusted operating profit of approximately $8.75 billion, non-GAAP adjusted diluted EPS of approximately $7.28 and non-GAAP adjusted free cash flow of approximately $6.1B. (UPS Q3 2026 release, Oct 27, 2026)

For the full year UPS also confirmed capital expenditures of approximately $3.0 billion, dividend payments of around $5.4 billion subject to board approval, an effective tax rate of approximately 23% and $1.3 billion in pension contributions. UPS expects nearly $3 billion of full-year 2026 benefits from its Network Reconfiguration and Efficiency Reimagined initiatives, and says Efficiency Reimagined will not conclude until the fourth quarter of 2027. (UPS Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover UPS, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones UPS's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning UPS is on is UPS a buy or a sell?, what analysts expect next is on the UPS forecast, and what the company does is on the United Parcel Service (UPS) stock page.

Every number on this page can be traced to a document UPS published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.