United Parcel Service annual net debt
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United Parcel Service Net Debt Growth & History (UPS)
United Parcel Service's net debt was $22.70B for fiscal 2025.
View full United Parcel Service company overviewUnited Parcel Service annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $22.70B | $3.16B | +16.19% |
| 2024 | 2024-12-31 | $19.54B | −$3.98B | −16.93% |
| 2023 | 2023-12-31 | $23.52B | $5.60B | +31.27% |
| 2022 | 2022-12-31 | $17.92B | $2.24B | +14.27% |
| 2021 | 2021-12-31 | $15.68B | −$6.50B | −29.32% |
| 2020 | 2020-12-31 | $22.19B | −$1.24B | −5.30% |
| 2019 | 2019-12-31 | $23.43B | $4.38B | +23.01% |
| 2018 | 2018-12-31 | $19.05B | −$2.42B | −11.29% |
| 2017 | 2017-12-31 | $21.47B | $8.42B | +64.56% |
| 2016 | 2016-12-31 | $13.05B | $967.0M | +8.01% |
| 2015 | 2015-12-31 | $12.08B | $3.09B | +34.32% |
| 2014 | 2014-12-31 | $8.99B | $2.31B | +34.63% |
| 2013 | 2013-12-31 | $6.68B | $697.0M | +11.65% |
| 2012 | 2012-12-31 | $5.98B | −$2.58B | −30.13% |
| 2011 | 2011-12-31 | $8.56B | $601.0M | +7.55% |
| 2010 | 2010-12-31 | $7.96B | −$17.0M | −0.21% |
| 2009 | 2009-12-31 | $7.98B | −$1.39B | −14.79% |
| 2008 | 2008-12-31 | $9.36B | — | — |
United Parcel Service quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $24.02B | $1.30B | +5.75% |
| Q1 2026 | 2026-03-31 | $22.86B | $2.07B | +9.95% |
| Q4 2025 | 2025-12-31 | $22.70B | $3.16B | +16.19% |
| Q3 2025 | 2025-09-30 | $22.45B | $2.06B | +10.10% |
| Q2 2025 | 2025-06-30 | $22.71B | $2.58B | +12.84% |
| Q1 2025 | 2025-03-31 | $20.79B | $676.0M | +3.36% |
| Q4 2024 | 2024-12-31 | $19.54B | −$3.98B | −16.93% |
| Q3 2024 | 2024-09-30 | $20.39B | −$742.0M | −3.51% |
| Q2 2024 | 2024-06-30 | $20.13B | −$590.0M | −2.85% |
| Q1 2024 | 2024-03-31 | $20.12B | −$454.0M | −2.21% |
| Q4 2023 | 2023-12-31 | $23.52B | $5.60B | +31.27% |
| Q3 2023 | 2023-09-30 | $21.13B | $7.92B | +60.02% |
| Q2 2023 | 2023-06-30 | $20.72B | $7.98B | +62.68% |
| Q1 2023 | 2023-03-31 | $20.57B | $6.90B | +50.48% |
| Q4 2022 | 2022-12-31 | $17.92B | $2.24B | +14.27% |
| Q3 2022 | 2022-09-30 | $13.20B | −$2.72B | −17.09% |
| Q2 2022 | 2022-06-30 | $12.74B | −$4.26B | −25.06% |
| Q1 2022 | 2022-03-31 | $13.67B | −$5.75B | −29.61% |
| Q4 2021 | 2021-12-31 | $15.68B | −$6.50B | −29.32% |
| Q3 2021 | 2021-09-30 | $15.93B | −$6.78B | −29.86% |
| Q2 2021 | 2021-06-30 | $17.00B | −$8.40B | −33.08% |
| Q1 2021 | 2021-03-31 | $19.42B | −$8.15B | −29.56% |
| Q4 2020 | 2020-12-31 | $22.19B | −$1.24B | −5.30% |
| Q3 2020 | 2020-09-30 | $22.70B | −$185.0M | −0.81% |
| Q2 2020 | 2020-06-30 | $25.40B | $3.13B | +14.06% |
| Q1 2020 | 2020-03-31 | $27.57B | $5.69B | +26.02% |
| Q4 2019 | 2019-12-31 | $23.43B | $4.38B | +23.01% |
| Q3 2019 | 2019-09-30 | $22.89B | $3.69B | +19.19% |
| Q2 2019 | 2019-06-30 | $22.27B | $3.77B | +20.37% |
| Q1 2019 | 2019-03-31 | $21.88B | $2.33B | +11.91% |
| Q4 2018 | 2018-12-31 | $19.05B | −$2.42B | −11.29% |
| Q3 2018 | 2018-09-30 | $19.20B | $3.71B | +23.96% |
| Q2 2018 | 2018-06-30 | $18.50B | $3.97B | +27.30% |
| Q1 2018 | 2018-03-31 | $19.55B | $5.00B | +34.32% |
| Q4 2017 | 2017-12-31 | $21.47B | $8.42B | +64.56% |
| Q3 2017 | 2017-09-30 | $15.49B | $3.46B | +28.81% |
| Q2 2017 | 2017-06-30 | $14.53B | $3.22B | +28.50% |
| Q1 2017 | 2017-03-31 | $14.55B | $3.00B | +25.99% |
| Q4 2016 | 2016-12-31 | $13.05B | $967.0M | +8.01% |
| Q3 2016 | 2016-09-30 | $12.03B | $867.0M | +7.77% |
| Q2 2016 | 2016-06-30 | $11.31B | $1.58B | +16.30% |
| Q1 2016 | 2016-03-31 | $11.55B | $2.93B | +33.97% |
| Q4 2015 | 2015-12-31 | $12.08B | $3.09B | +34.32% |
| Q3 2015 | 2015-09-30 | $11.16B | $3.11B | +38.69% |
| Q2 2015 | 2015-06-30 | $9.72B | $936.0M | +10.65% |
| Q1 2015 | 2015-03-31 | $8.62B | $2.49B | +40.51% |
| Q4 2014 | 2014-12-31 | $8.99B | $2.31B | +34.63% |
| Q3 2014 | 2014-09-30 | $8.05B | $629.0M | +8.48% |
| Q2 2014 | 2014-06-30 | $8.79B | $1.67B | +23.49% |
| Q1 2014 | 2014-03-31 | $6.14B | −$74.0M | −1.19% |
| Q4 2013 | 2013-12-31 | $6.68B | $697.0M | +11.65% |
| Q3 2013 | 2013-09-30 | $7.42B | $841.0M | +12.79% |
| Q2 2013 | 2013-06-30 | $7.12B | $810.0M | +12.85% |
| Q1 2013 | 2013-03-31 | $6.21B | −$655.0M | −9.54% |
| Q4 2012 | 2012-12-31 | $5.98B | −$2.58B | −30.13% |
| Q3 2012 | 2012-09-30 | $6.58B | −$1.69B | −20.46% |
| Q2 2012 | 2012-06-30 | $6.30B | −$1.17B | −15.60% |
| Q1 2012 | 2012-03-31 | $6.87B | −$536.0M | −7.24% |
| Q4 2011 | 2011-12-31 | $8.56B | $601.0M | +7.55% |
| Q3 2011 | 2011-09-30 | $8.27B | $1.65B | +24.87% |
| Q2 2011 | 2011-06-30 | $7.47B | $471.0M | +6.73% |
| Q1 2011 | 2011-03-31 | $7.40B | −$9.0M | −0.12% |
| Q4 2010 | 2010-12-31 | $7.96B | −$17.0M | −0.21% |
| Q3 2010 | 2010-09-30 | $6.62B | −$1.44B | −17.87% |
| Q2 2010 | 2010-06-30 | $7.00B | −$1.07B | −13.22% |
| Q1 2010 | 2010-03-31 | $7.41B | — | — |
| Q4 2009 | 2009-12-31 | $7.98B | −$1.39B | −14.79% |
| Q3 2009 | 2009-09-30 | $8.06B | — | — |
| Q2 2009 | 2009-06-30 | $8.06B | — | — |
| Q4 2008 | 2008-12-31 | $9.36B | — | — |
United Parcel Service net debt trends
Over the last five fiscal years, United Parcel Service's net debt increased from $22.19B to $22.70B, a change of $517.0M. The latest reported quarter, Q2 2026, shows $24.02B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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