United Parcel Service, Inc (UPS) Operating margin 2016–2025
United Parcel Service, Inc (UPS) operating margin by fiscal year — reported operating income divided by reported revenue.
8.9%FY2025 · since FY2016: 12.5% → 8.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 8.9% | -0.4 pp |
| FY2024 | 9.3% | -0.8 pp |
| FY2023 | 10.0% | -3.0 pp |
| FY2022 | 13.0% | -0.1 pp |
| FY2021 | 13.2% | +4.1 pp |
| FY2020 | 9.1% | -1.4 pp |
| FY2019 | 10.5% | +0.8 pp |
| FY2018 | 9.8% | -1.5 pp |
| FY2017 | 11.3% | -1.2 pp |
| FY2016 | 12.5% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice