United Parcel Service annual return on equity
2009
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2021
2022
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2024
2025
United Parcel Service Return on Equity (ROE) Growth & History (UPS)
United Parcel Service's return on equity was 33.83% for fiscal 2025.
View full United Parcel Service company overviewUnited Parcel Service annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 33.83% | −0.16 pp |
| 2024 | 2024-12-31 | 33.99% | −2.18 pp |
| 2023 | 2023-12-31 | 36.17% | −31.68 pp |
| 2022 | 2022-12-31 | 67.85% | −105.05 pp |
| 2021 | 2021-12-31 | 172.90% | +104.45 pp |
| 2020 | 2020-12-31 | 68.45% | −72.77 pp |
| 2019 | 2019-12-31 | 141.22% | −97.43 pp |
| 2018 | 2018-12-31 | 238.66% | −462.56 pp |
| 2017 | 2017-12-31 | 701.22% | +463.16 pp |
| 2016 | 2016-12-31 | 238.05% | +27.95 pp |
| 2015 | 2015-12-31 | 210.11% | +139.72 pp |
| 2014 | 2014-12-31 | 70.39% | −8.19 pp |
| 2013 | 2013-12-31 | 78.58% | +64.77 pp |
| 2012 | 2012-12-31 | 13.81% | −36.86 pp |
| 2011 | 2011-12-31 | 50.67% | +7.90 pp |
| 2010 | 2010-12-31 | 42.77% | +15.46 pp |
| 2009 | 2009-12-31 | 27.31% | — |
United Parcel Service quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.92% | −4.25 pp |
| Q1 2026 | 2026-03-31 | 5.40% | −1.93 pp |
| Q4 2025 | 2025-12-31 | 11.18% | +0.92 pp |
| Q3 2025 | 2025-09-30 | 8.30% | −0.78 pp |
| Q2 2025 | 2025-06-30 | 8.17% | −0.13 pp |
| Q1 2025 | 2025-03-31 | 7.33% | +0.83 pp |
| Q4 2024 | 2024-12-31 | 10.25% | +1.45 pp |
| Q3 2024 | 2024-09-30 | 9.08% | +3.33 pp |
| Q2 2024 | 2024-06-30 | 8.30% | −2.09 pp |
| Q1 2024 | 2024-03-31 | 6.51% | −3.01 pp |
| Q4 2023 | 2023-12-31 | 8.80% | −9.99 pp |
| Q3 2023 | 2023-09-30 | 5.75% | −9.79 pp |
| Q2 2023 | 2023-06-30 | 10.39% | −7.58 pp |
| Q1 2023 | 2023-03-31 | 9.52% | −8.43 pp |
| Q4 2022 | 2022-12-31 | 18.79% | −4.74 pp |
| Q3 2022 | 2022-09-30 | 15.54% | −4.85 pp |
| Q2 2022 | 2022-06-30 | 17.97% | −11.84 pp |
| Q1 2022 | 2022-03-31 | 17.94% | −104.86 pp |
| Q4 2021 | 2021-12-31 | 23.53% | +130.65 pp |
| Q3 2021 | 2021-09-30 | 20.39% | −18.93 pp |
| Q2 2021 | 2021-06-30 | 29.81% | −16.34 pp |
| Q1 2021 | 2021-03-31 | 122.81% | +93.41 pp |
| Q4 2020 | 2020-12-31 | −107.12% | −104.72 pp |
| Q3 2020 | 2020-09-30 | 39.32% | +4.19 pp |
| Q2 2020 | 2020-06-30 | 46.15% | +3.34 pp |
| Q1 2020 | 2020-03-31 | 29.39% | −4.85 pp |
| Q4 2019 | 2019-12-31 | −2.40% | −17.21 pp |
| Q3 2019 | 2019-09-30 | 35.13% | −20.45 pp |
| Q2 2019 | 2019-06-30 | 42.81% | −38.07 pp |
| Q1 2019 | 2019-03-31 | 34.25% | −80.81 pp |
| Q4 2018 | 2018-12-31 | 14.81% | −72.77 pp |
| Q3 2018 | 2018-09-30 | 55.58% | −35.88 pp |
| Q2 2018 | 2018-06-30 | 80.88% | −74.71 pp |
| Q1 2018 | 2018-03-31 | 115.06% | −133.03 pp |
| Q4 2017 | 2017-12-31 | 87.57% | +102.76 pp |
| Q3 2017 | 2017-09-30 | 91.46% | +44.16 pp |
| Q2 2017 | 2017-06-30 | 155.59% | +105.66 pp |
| Q1 2017 | 2017-03-31 | 248.09% | +202.17 pp |
| Q4 2016 | 2016-12-31 | −15.18% | −75.70 pp |
| Q3 2016 | 2016-09-30 | 47.31% | −17.50 pp |
| Q2 2016 | 2016-06-30 | 49.93% | −15.17 pp |
| Q1 2016 | 2016-03-31 | 45.91% | −5.78 pp |
| Q4 2015 | 2015-12-31 | 60.51% | +48.85 pp |
| Q3 2015 | 2015-09-30 | 64.81% | +43.12 pp |
| Q2 2015 | 2015-06-30 | 65.10% | +57.41 pp |
| Q1 2015 | 2015-03-31 | 51.69% | +37.36 pp |
| Q4 2014 | 2014-12-31 | 11.66% | −11.41 pp |
| Q3 2014 | 2014-09-30 | 21.69% | −8.54 pp |
| Q2 2014 | 2014-06-30 | 7.69% | −20.33 pp |
| Q1 2014 | 2014-03-31 | 14.32% | −9.57 pp |
| Q4 2013 | 2013-12-31 | 23.07% | +51.77 pp |
| Q3 2013 | 2013-09-30 | 30.22% | +24.04 pp |
| Q2 2013 | 2013-06-30 | 28.02% | +13.21 pp |
| Q1 2013 | 2013-03-31 | 23.89% | +10.47 pp |
| Q4 2012 | 2012-12-31 | −28.70% | −38.47 pp |
| Q3 2012 | 2012-09-30 | 6.18% | −7.17 pp |
| Q2 2012 | 2012-06-30 | 14.81% | +1.51 pp |
| Q1 2012 | 2012-03-31 | 13.42% | +2.08 pp |
| Q4 2011 | 2011-12-31 | 9.78% | −2.69 pp |
| Q3 2011 | 2011-09-30 | 13.36% | +1.45 pp |
| Q2 2011 | 2011-06-30 | 13.30% | +2.58 pp |
| Q1 2011 | 2011-03-31 | 11.34% | +4.55 pp |
| Q4 2010 | 2010-12-31 | 12.47% | +2.11 pp |
| Q3 2010 | 2010-09-30 | 11.91% | +3.94 pp |
| Q2 2010 | 2010-06-30 | 10.72% | +4.16 pp |
| Q1 2010 | 2010-03-31 | 6.79% | — |
| Q4 2009 | 2009-12-31 | 10.36% | — |
| Q3 2009 | 2009-09-30 | 7.97% | — |
| Q2 2009 | 2009-06-30 | 6.56% | — |
United Parcel Service return on equity trends
Over the last five fiscal years, United Parcel Service's return on equity decreased from 68.45% to 33.83%, a change of −34.62 percentage points. The latest reported quarter, Q2 2026, shows 3.92%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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