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UPS (UPS) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2026, United Parcel Service (UPS - Free Report) reported revenue of $22.83 billion, up 7.6% over the same period last year. EPS came in at $1.76, compared to $1.55 in the year-ago quarter.

The reported revenue represents a surprise of +4.98% over the Zacks Consensus Estimate of $21.75 billion. With the consensus EPS estimate being $1.65, the EPS surprise was +6.67%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how UPS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average revenue per piece - International Package - Total: $25.13 versus $23.03 estimated by four analysts on average.
  • Average daily package volume - International Package - Export: 1.61 million versus the four-analyst average estimate of 1.61 million.
  • Average daily package volume - International Package - Domestic: 1.39 million versus 1.42 million estimated by four analysts on average.
  • Average revenue per piece - U.S. Domestic Package - Ground: $12.35 versus the four-analyst average estimate of $12.34.
  • Revenue- International Package- Cargo and other: $213 million versus the five-analyst average estimate of $174.31 million. The reported number represents a year-over-year change of +24.6%.
  • Revenue- U.S. Domestic Package- Ground: $10.91 billion versus the five-analyst average estimate of $10.71 billion. The reported number represents a year-over-year change of +4%.
  • Revenue- U.S. Domestic Package- Deferred: $1.1 billion versus $1.05 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
  • Revenue- U.S. Domestic Package: $14.93 billion compared to the $14.47 billion average estimate based on five analysts. The reported number represents a change of +6% year over year.
  • Revenue- International Package: $5.04 billion versus $4.63 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
  • Revenue- Supply Chain Solutions: $2.86 billion versus $2.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
  • Revenue- U.S. Domestic Package- Next Day Air: $2.58 billion versus the five-analyst average estimate of $2.44 billion. The reported number represents a year-over-year change of +12.4%.
  • Revenue- International Package- Domestic: $869 million versus the five-analyst average estimate of $847.25 million. The reported number represents a year-over-year change of +4.7%.

View all Key Company Metrics for UPS here>>>

Shares of UPS have returned +4.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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