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UPS Beats Third-Quarter Estimates and Raises 2026 Outlook as Revenue Rises to $22.9 Billion

UPS reported third-quarter revenue of $22.9 billion and adjusted earnings of $1.69 per share, beating estimates, and raised its full-year outlook to about $92.6 billion in revenue.

By admin Oct. 27, 2026 · 12:44 PM ET 1 min read

A plain brown delivery truck driving on a city street lined with buildings and trees.

United Parcel Service reported third-quarter revenue of $22.9 billion on Tuesday and raised its full-year outlook, after adjusted profit came in above Wall Street estimates.

Adjusted diluted earnings per share were $1.69, above the $1.63 consensus estimate tracked by Zacks. Revenue of $22.85 billion was 6.7% higher than a year earlier, when revenue was $21.42 billion and adjusted earnings per share were $1.74.

On a GAAP basis, diluted earnings per share were $1.37. Consolidated operating profit was $1.7 billion, and adjusted operating profit was $2.1 billion. GAAP results included a net charge of $279 million, made up of $130 million in transformation 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.

Cardboard boxes on conveyor belts inside a large package sorting warehouse.

Revenue rose in all three segments

U.S. Domestic Package revenue rose 4.5% to $14.865 billion, helped by a 6.1% rise in revenue per piece. International Package revenue rose 7.1% to $5.007 billion, with revenue per piece up 15.0%. Supply Chain Solutions revenue rose 18.2% to $2.981 billion, on growth in forwarding and logistics, including health care, while its adjusted operating profit fell to $274 million from $536 million a year earlier.

Stacks of plain cardboard boxes on a loading dock next to a white van.

Outlook raised for the fourth quarter and the full year

For the full year, UPS now expects consolidated revenue of about $92.6 billion, adjusted operating profit of about $8.75 billion, adjusted diluted earnings per share of about $7.28 and adjusted free cash flow of about $6.1 billion. For the fourth quarter, it expects revenue of about $25.7 billion and adjusted operating profit of about $3.3 billion. The company also confirmed capital spending of about $3.0 billion and dividend payments of about $5.4 billion, subject to board approval.

A plain white cargo aircraft parked on an airport tarmac at dusk with freight pallets nearby.

Chief Executive Carol Tomé said the company is “entering the holiday shipping season from a position of strength, with the most automated and efficient network in our history.”

Reporting based on coverage by UPS and Zacks.

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