Investing
CapEx
United Parcel Service, Inc. CapEx increased by 44.0% to $1.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.7%, from $876.00M to $1.03B. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -3.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $836.00M | $900.00M | $1.62B | $548.00M | $840.00M | $890.00M | $2.49B | $609.00M | $1.21B | $1.29B | $2.05B | $1.04B | $933.00M | $843.00M | $1.10B | $876.00M | $1.12B | $970.00M | $716.00M | $1.03B |
| QoQ Change | — | +7.7% | +80.4% | -66.3% | +53.3% | +6.0% | +179.9% | -75.6% | +98.9% | +6.4% | +59.0% | -49.5% | -9.9% | -9.6% | +30.2% | -20.2% | +28.2% | -13.6% | -26.2% | +44.0% |
| YoY Change | — | — | — | — | +0.5% | -1.1% | +53.4% | +11.1% | +44.2% | +44.8% | -17.7% | +70.0% | -23.0% | -34.6% | -46.4% | -15.4% | +20.4% | +15.1% | -34.8% | +17.7% |
Range$548.00M – $2.49B
CAGR+4.5%
Avg YoY Growth+6.5%
Median YoY Growth+5.8%
CapEx at Other Companies
Frequently Asked Questions
- What is United Parcel Service, Inc.'s capex?
- United Parcel Service, Inc. (UPS) reported capex of $1.03B in Q1 2026.
- How has United Parcel Service, Inc.'s capex changed year-over-year?
- United Parcel Service, Inc.'s capex increased by 17.7% year-over-year, from $876.00M to $1.03B.
- What is the long-term trend for United Parcel Service, Inc.'s capex?
- Over 4 years (2021 to 2025), United Parcel Service, Inc.'s capex has grown at a -3.2% compound annual growth rate (CAGR), from $4.19B to $3.69B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.