Operating Lease Liabilities
United Parcel Service, Inc. Operating Lease Liabilities decreased by 4.5% to $3.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.8%, from $3.51B to $3.53B. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows an upward trend with a 7.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests expansion of the leased asset base, while a decrease indicates lease expirations or a shift toward asset ownership.
Detailed definition
This represents the present value of future lease payments for assets such as aircraft, vehicles, and facilities that ar...
Peer comparison
Peers in logistics and transportation typically carry significant operating lease liabilities due to the capital-intensive nature of fleet management.
operating_lease_liabilities_non_currentHistorical Data
| 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 | $3.04B | $2.94B | $3.03B | $2.97B | $2.96B | $2.96B | $3.24B | $3.54B | $3.68B | $3.65B | $3.76B | $3.69B | $3.56B | $3.61B | $3.64B | $3.51B | $3.45B | $3.69B | $3.7B | $3.53B |
| QoQ Change | — | -3.3% | +3.2% | -2.1% | -0.3% | -0.1% | +9.4% | +9.3% | +4.0% | -0.8% | +2.9% | -1.8% | -3.5% | +1.5% | +0.6% | -3.6% | -1.7% | +7.0% | +0.4% | -4.5% |
| YoY Change | — | — | — | — | -2.5% | +0.7% | +6.8% | +19.2% | +24.2% | +23.3% | +16.0% | +4.3% | -3.2% | -1.0% | -3.2% | -5.0% | -3.3% | +2.0% | +1.8% | +0.8% |
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is United Parcel Service, Inc.'s operating lease liabilities?
- United Parcel Service, Inc. (UPS) reported operating lease liabilities of $3.53B in Q1 2026.
- How has United Parcel Service, Inc.'s operating lease liabilities changed year-over-year?
- United Parcel Service, Inc.'s operating lease liabilities increased by 0.8% year-over-year, from $3.51B to $3.53B.
- What is the long-term trend for United Parcel Service, Inc.'s operating lease liabilities?
- Over 5 years (2020 to 2025), United Parcel Service, Inc.'s operating lease liabilities has grown at a 7.8% compound annual growth rate (CAGR), from $2.54B to $3.7B.
- What does operating lease liabilities mean?
- The long-term portion of debt owed for leased assets like planes and trucks.