Income StatementBalance SheetCash FlowSegments
United Parcel Service, Inc. logo

United Parcel Service, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

United Parcel Service, Inc. generated $8.4B in operating cash flow over the trailing twelve months. After $3.8B in capital expenditures, free cash flow was $4.5B. Free cash flow decreased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$8.4BNet Cash From Investing (TTM)-$4.3BNet Cash From Financing (TTM)-$9.2BCapital Expenditures (TTM)$3.8BDepreciation And Amortization Cf (TTM)$3.8BNet Change In Cash (TTM)$1.0B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$85.9B
P/E Ratio16.36
ROE33.41%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Other non-cash income (expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Change in accounts payable$1.1B-$906.0M—-$359.0M—-$495.0M
Change in accounts receivable$2.0B-$960.0M$420.0M-$314.0M$1.2B-$1.1B
Change in other liabilities—$301.0M-$1.2B——$29.0M
Other working capital changes—-$33.0M$45.0M-$9.0M-$70.0M$58.0M
Deferred income taxes-$39.0M-$40.0M-$44.0M——$45.0M
Depreciation and amortization$919.0M$912.0M$936.0M$926.0M$972.0M$985.0M
Other Non-Cash Income (Expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Other Non-cash Income (Expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Other Non-cash Income (Expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Net cash from operating activities$3.3B$2.3B$348.0M$2.5B$3.3B$2.2B
Net income$1.7B$1.2B$1.3B$1.3B$1.8B$864.0M
Other non-cash income (expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Accrued compensation and employee benefits$153.0M-$370.0M-$77.0M$245.0M$229.0M-$453.0M
Increase (Decrease) in Other Operating Assets—-$7.0M$147.0M-$60.0M-$145.0M$27.0M
Self-insurance reserves$30.0M$1.0M$168.0M—$160.0M$16.0M
Other Noncash Income (Expense)-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Payment for Pension and Other Postretirement Benefits$90.0M$67.0M$854.0M$417.0M$23.0M$79.0M
Other Non-cash Income and Expense-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Other Non-Cash Adjustments-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Other Non-Cash Income and Expense-$201.0M-$22.0M-$42.0M$219.0M-$268.0M-$73.0M
Stock-based compensation$45.0M$21.0M-$5.0M$25.0M$32.0M$24.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$5.0M$478.0M$1.0M$0.0$1.5B$0.0
Capital expenditures$1.1B$876.0M$1.1B$970.0M$716.0M$1.0B
Payment for (Proceeds from) Other Investing Activity—$10.0M-$4.0M$4.0M-$25.0M-$5.0M
Proceeds from disposal of businesses, property, plant and equipment$45.0M$65.0M$26.0M$494.0M$115.0M$82.0M
Proceeds from disposition of marketable securities and other investments$23.0M$34.0M$171.0M$24.0M$64.0M$0.0
Net cash from investing activities-$1.1B-$1.4B-$923.0M-$456.0M-$2.0B-$944.0M
Purchases of investments$24.0M$90.0M———$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$25.0M$4.1B——$0.0
Repayments of debt$543.0M$32.0M$1.0B$83.0M$924.0M$46.0M
Dividends paid$1.4B$1.3B$1.3B$1.3B$1.4B$1.4B
Other, net-$2.0M-$13.0M-$2.0M-$28.0M$57.0M$42.0M
Payment of Deferred Purchase Consideration-$2.0M-$13.0M-$2.0M-$28.0M$57.0M$42.0M
Noncontrolling interest transactions and other-$2.0M-$13.0M-$2.0M-$28.0M$57.0M$42.0M
Net cash from financing activities-$1.8B-$2.3B—-$1.4B-$2.2B-$1.3B
Noncontrolling Interests Activity and Other-$2.0M-$13.0M-$2.0M-$28.0M$57.0M$42.0M
Proceeds from issuance of common stock$48.0M$55.0M$47.0M$31.0M$26.0M$28.0M
Repurchases of common stock$0.0$1.0B———$0.0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.2B$1.4B—$1.5B$2.6B$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$154.0M$40.0M$173.0M—$16.0M-$37.0M
Net increase (decrease) in cash$257.0M-$1.3B$1.4B$570.0M-$877.0M-$85.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pension And Other Postretirement Benefit Expense$924.0M$257.0M$257.0M$249.0M$246.0M$215.0M