Key facts
- UPS raised its full-year revenue forecast to $91.2 billion for 2026.
- The company's previous 2026 revenue forecast was $89.7 billion.
- UPS reported fourth-quarter 2025 consolidated revenues of $24.5 billion.
- UPS's full-year 2025 consolidated revenue was $88.7 billion.
- The company is pivoting toward higher-margin shipments and scaling back volumes for Amazon.
United Parcel Service (UPS) has raised its full-year revenue forecast, signaling a strategic shift towards higher-margin shipments and a reduction in volume handled for its largest client, Amazon.com.
The parcel delivery giant now expects 2026 revenue to reach $91.2 billion, an increase from its prior projection of $89.7 billion.
UPS announced fourth-quarter 2025 consolidated revenues of $24.5 billion, with a GAAP diluted earnings per share of $2.10 and a non-GAAP adjusted diluted earnings per share of $2.38. The company also declared a quarterly dividend of $1.64 per share. During the fourth quarter of 2025, UPS completed the retirement of its MD-11 aircraft fleet as part of its fleet modernization efforts.
For the full year 2025, UPS reported consolidated revenues of $88.7 billion. The U.S. Domestic Segment saw a 3.2% revenue decline in the fourth quarter, attributed to a decrease in volume, although revenue per piece grew by 8.3%. The International Segment experienced a 2.5% revenue increase, driven by a 7.1% rise in revenue per piece. The Supply Chain Solutions segment reported a 12.7% revenue decline, primarily due to lower volume in the Mail Innovations business.
UPS CEO Carol Tomé highlighted the company's progress in strengthening revenue quality and building a more agile network in 2025, anticipating 2026 to be an inflection point following the completion of the Amazon glide-down.