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 $876M 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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

United Parcel Service, Inc. UPS CapEx

CapEx at other companies

Pitney BowesPBI

$15.85M-6.2%

Ryder SystemR

$427M-16.9%

Forward AirFWRD

$6.95M-41.7%

AmazonAMZN

$44.2B+76.7%

FedExFDX

$1.47B+0.1%

CryoPort, Inc.CYRX

$9.98M+215%

Other financials

Income statement

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Revenue$21.2B-1.6%

Operating income$1.3B-23.9%

Net income$864.0M-27.2%

EPS (diluted)$1.02-27.1%

Balance sheet

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Cash & equivalents$5.8B+20.8%

Total debt$5.4B+14.5%

Total equity$15.8B+0.7%

Total assets$71.8B+4.9%

Cash flow

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Operating cash flow$2.2B-4.1%

Free cash flow$1.2B-17.3%

Valuation

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Market cap$92.91B+10.5%

Enterprise value$92.47B+10.2%

P/E17.7×+3.3×

P/S1.1×+0.1×

Profitability

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Operating margin8.5%-0.9pp

Net margin5.9%-0.5pp

FCF margin5.9%-0.3pp

Returns & leverage

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Return on equity33.4%-2.6pp

Debt / equity0.3×0.0×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by United Parcel Service, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: United Parcel Service, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $876M 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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.