The Business StudyHow UPS makes money
UPS brought in $88.7 billion in revenue in 2025 and kept $5.6 billion as profit: $6.28 of every $100. Its biggest source of money was U.S. packages, at $59.5 billion (67% of the total).
From UPS's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 UPS took in, it kept
Where UPS's money comes from. 2 lines in its 10‑K.
The lines shown add up to $78.1 billion of the $88.7 billion total; the rest is smaller items and adjustments the 10-K does not split out.
Where the profit comes from. Operating profit by segment.
Operating profit (operating income) by the business segments UPS reports, before corporate costs not assigned to a segment.
6 years of UPS's revenue and profit.
Fiscal years as UPS reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about UPS.
How does UPS make money?
UPS delivers packages in the U.S. and around the world, plus supply-chain and freight services. The biggest line in its latest 10-K is U.S. packages ($59.5 billion).
How much money does UPS make a year?
$88.7 billion in revenue in 2025, and $5.6 billion in net profit. That's down 3% from the year before.
Is UPS profitable?
Yes. UPS made $5.6 billion in net profit in 2025, which is $6.28 of every $100 it took in.
How many employees does UPS have?
About 460,000 employees, not counting seasonal workers as of year-end 2025. That works out to $192,741 in revenue per employee.
Which part of UPS makes the most profit?
U.S. packages, with $3.9 billion in operating profit in 2025.
Is UPS growing?
Yes. Revenue went from $84.6 billion in 2020 to $88.7 billion in 2025, up 5%.
Compare UPS.
Source: United Parcel Service, Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 17, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.