The Business StudyFedEx vs UPS: who makes more money?
FedEx is bigger: $94.7 billion in revenue against $88.7 billion for UPS, about 1.1 times as much. But UPS keeps more of each sale: $6.28 of every $100 versus $4.68. Across 5 rounds from their latest annual reports, FedEx wins 3.
From each company's latest Form 10-K: FedEx (year ended May 31, 2026) and UPS (year ended December 31, 2025). Page updated November 8, 2026.
Revenue Money coming in
Net profit After every cost and tax
Kept per $100 of sales Profit margin
Employees As each 10-K states it
Revenue per employee Revenue ÷ employees
Growth over 5 years Revenue, first to latest year shown
How each one makes its money.
FedEx moves packages and freight: express, ground and international parcels (Federal Express) and truck freight (FedEx Freight).
How FedEx makes moneyUPS delivers packages in the U.S. and around the world, plus supply-chain and freight services.
How UPS makes moneyQuick answers.
Who makes more money, FedEx or UPS?
FedEx: $94.7 billion in revenue against $88.7 billion.
Which is more profitable, FedEx or UPS?
UPS keeps more of each dollar ($6.28 of every $100). In total profit, UPS made more: $5.6 billion.
Which has more employees, FedEx or UPS?
UPS, with about 460,000 against 452,000.
Sources: FedEx Corporation Form 10-K and United Parcel Service, Inc. Form 10-K on SEC EDGAR. Fiscal years can end in different months, so each side uses its own latest year. Profit means net income.