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UPS (UPS) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2026, United Parcel Service (UPS - Free Report) reported revenue of $22.85 billion, up 6.7% over the same period last year. EPS came in at $1.69, compared to $1.74 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $22.25 billion, representing a surprise of +2.7%. The company delivered an EPS surprise of +3.68%, with the consensus EPS estimate being $1.63.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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 - Total: $15.96 compared to the $16.01 average estimate based on four analysts.
  • Average revenue per piece - International Package - Total: $24.71 versus the four-analyst average estimate of $23.80.
  • Average daily package volume - International Package - Export: 1.59 million compared to the 1.66 million average estimate based on four analysts.
  • Average revenue per piece - U.S. Domestic Package - Ground: $12.40 versus $12.45 estimated by four analysts on average.
  • Revenue- International Package- Cargo and other: $213 million versus the five-analyst average estimate of $194.75 million. The reported number represents a year-over-year change of +18.3%.
  • Revenue- U.S. Domestic Package- Ground: $10.92 billion compared to the $10.59 billion average estimate based on five analysts. The reported number represents a change of +3.7% year over year.
  • Revenue- U.S. Domestic Package- Cargo and Other [$M]: $352 million versus $318.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.7% change.
  • Revenue- U.S. Domestic Package: $14.87 billion compared to the $14.48 billion average estimate based on five analysts. The reported number represents a change of +4.5% year over year.
  • Revenue- International Package: $5.01 billion versus the five-analyst average estimate of $4.97 billion. The reported number represents a year-over-year change of +7.2%.
  • Revenue- Supply Chain Solutions: $2.98 billion versus the five-analyst average estimate of $2.82 billion. The reported number represents a year-over-year change of +18.2%.
  • Revenue- U.S. Domestic Package- Next Day Air: $2.53 billion versus $2.52 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
  • Revenue- International Package- Domestic: $859 million versus $871.98 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.

View all Key Company Metrics for UPS here>>>

Shares of UPS have returned +6.4% over the past month versus the Zacks S&P 500 composite's -0.8% 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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