United Parcel Service (UPS) balance sheet
NYSE · Industrials · Integrated Freight & Logistics · 460,000 employees · CEO Carol Tomé
- Price
- $108.25 +0.86%
- Market cap
- $81.1B
- Enterprise value
- $105B
- Last report
- Q3 '26 filed 2026-09-30
- Next report
- 2027-01-26 EPS est. $2.76
At the end of Q3 '26 United Parcel Service (UPS) held $6.84B in cash and short-term investments against $30.3B of debt incl. leases. Total assets $72.7B, total liabilities $57.7B, shareholders' equity $15B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.17B | $4.28B | $6.32B | $5.86B | $6.11B | $4.8B | $6.19B | $6.76B | $5.89B | $5.8B | $4.65B | $6.84B | |
| Short-term investments | $2.87B | $232M | $213M | $205M | $206M | $263M | $92M | $68M | $0 | $0 | $0 | $0 | |
| Receivables | $11.2B | $9.55B | $9.05B | $9.2B | $10.9B | $9.89B | $10.4B | $9.97B | $11.2B | $9.95B | $10.7B | $10.4B | |
| Inventory | $935M | $898M | $0 | $0 | $826M | $0 | $0 | $0 | $739M | $0 | $0 | $0 | |
| Other current assets | $1.23B | $1.21B | $3.24B | $2.01B | $1.3B | $2.14B | $2.13B | $2.19B | $1.21B | $2.04B | $2.18B | $2.08B | |
| Current assets | $19.4B | $16.2B | $18.8B | $17.3B | $19.3B | $17.1B | $18.9B | $19B | $19B | $17.8B | $17.5B | $19.3B | |
| Property, plant & equipment (net) | $41.3B | $41.4B | $41.2B | $41.5B | $41.3B | $41.3B | $41.7B | $42B | $42B | $42.1B | $41.9B | $42B | |
| Goodwill | $4.87B | $4.85B | $4.35B | $4.41B | $4.3B | $4.69B | $4.81B | $4.81B | $5.84B | $5.8B | $5.77B | $5.59B | |
| Intangible assets | $3.31B | $3.31B | $3.11B | $3.11B | $3.06B | $3.3B | $3.36B | $3.46B | $4.02B | $3.98B | $3.95B | $3.95B | |
| Deferred tax assets | $126M | $126M | $123M | $125M | $112M | $135M | $142M | $158M | $140M | $154M | $155M | $0 | |
| Other non-current assets | $1.89B | $1.78B | $1.8B | $1.84B | $1.96B | $1.98B | $2.08B | $2.02B | $2.05B | $1.97B | $1.93B | $1.9B | |
| Non-current assets | $51.4B | $51.5B | $50.6B | $51B | $50.8B | $51.4B | $52.1B | $52.4B | $54B | $54B | $53.7B | $53.4B | |
| Total assets | $70.9B | $67.6B | $69.4B | $68.3B | $70.1B | $68.5B | $70.9B | $71.4B | $73.1B | $71.8B | $71.3B | $72.7B | |
| Liabilities | |||||||||||||
| Accounts payable | $6.34B | $5.4B | $5.3B | $5.41B | $6.3B | $5.45B | $6.04B | $5.78B | $6.63B | $5.91B | $5.98B | $6.15B | |
| Accrued expenses | $3.22B | $3.22B | $3.31B | $3.53B | $3.66B | $3.27B | $3.22B | $3.48B | $3.72B | $3.24B | $3.38B | $6.01B | |
| Short-term debt | $3.35B | $1.16B | $2.01B | $1.61B | $1.84B | $1.86B | $920M | $932M | $608M | $637M | $634M | $957M | |
| Other current liabilities | $4.06B | $4.22B | $3.79B | $3.84B | $3.91B | $3.39B | $3.33B | $3.62B | $3.9B | $4.14B | $4.16B | $1.74B | |
| Current liabilities | $17.7B | $14.7B | $15.1B | $15.1B | $16.4B | $15.7B | $14.2B | $14.6B | $15.6B | $14.7B | $14.9B | $15.6B | |
| Long-term debt | $18.9B | $18.8B | $20.2B | $20.3B | $19.4B | $19.5B | $23.8B | $23.9B | $23.5B | $23.7B | $23.9B | $25.1B | |
| Lease obligations (non-current) | $3.76B | $3.69B | $3.56B | $3.61B | $3.64B | $3.51B | $3.45B | $3.69B | $3.7B | $3.53B | $3.46B | $3.49B | |
| Deferred tax liabilities | $3.77B | $3.83B | $3.84B | $3.76B | $3.6B | $3.6B | $3.49B | $3.58B | $3.69B | $3.77B | $3.88B | $0 | |
| Other non-current liabilities | $9.42B | $9.64B | $9.68B | $8.6B | $10.2B | $10.5B | $10.2B | $9.87B | $10.3B | $10.3B | $10.1B | $13.5B | |
| Non-current liabilities | $35.9B | $36B | $37.3B | $36.3B | $36.9B | $37.1B | $40.9B | $41B | $41.2B | $41.3B | $41.3B | $42.1B | |
| Total liabilities | $53.5B | $50.7B | $52.4B | $51.4B | $53.3B | $52.8B | $55.1B | $55.5B | $56.8B | $56B | $56.2B | $57.7B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Retained earnings | $21.1B | $20.7B | $20.7B | $20.6B | $20.9B | $19.9B | $19.8B | $19.8B | $20.2B | $19.6B | $18.8B | $18.6B | |
| Accumulated other comprehensive income | -$3.75B | -$3.78B | -$3.8B | -$3.7B | -$4.31B | -$4.28B | -$4.18B | -$4.12B | -$4.21B | -$4.25B | -$4.25B | -$4.2B | |
| Shareholders' equity | $17.3B | $16.9B | $17B | $16.9B | $16.7B | $15.7B | $15.8B | $15.8B | $16.2B | $15.8B | $15.1B | $15B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $26.7B | $24.4B | $26.4B | $26.2B | $25.7B | $25.6B | $28.9B | $29.2B | $28.6B | $28.7B | $28.7B | $30.3B | |
| Net debt (debt - cash) | $23.6B | $20.1B | $20.1B | $20.4B | $19.5B | $20.8B | $22.7B | $22.4B | $22.7B | $22.9B | $24B | $23.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $3.48B | $3.32B | $4.23B | $5.24B | $5.91B | $10.3B | $5.6B | $3.17B | $6.11B | $5.89B | |
| Short-term investments | $1.09B | $749M | $810M | $503M | $406M | $338M | $1.99B | $2.87B | $206M | $0 | |
| Receivables | $8.33B | $10.3B | $9.9B | $9.55B | $10.8B | $12.5B | $12.6B | $11.2B | $10.9B | $11.2B | |
| Inventory | $342M | $404M | $421M | $511M | $620M | $717M | $889M | $935M | $826M | $739M | |
| Other current assets | $612M | $899M | $856M | $1.3B | $2.53B | $1.08B | $1.15B | $1.23B | $1.3B | $1.21B | |
| Current assets | $13.8B | $15.7B | $16.2B | $17.1B | $20.2B | $24.9B | $22.2B | $19.4B | $19.3B | $19B | |
| Property, plant & equipment (net) | $18.8B | $22.1B | $26.6B | $33.3B | $35.3B | $37B | $38.5B | $41.3B | $41.3B | $42B | |
| Long-term investments | $18M | $19M | $19M | $21M | $23M | $23M | $0 | $0 | $0 | $0 | |
| Goodwill | $3.76B | $3.87B | $3.81B | $3.81B | $3.37B | $3.69B | $4.22B | $4.87B | $4.3B | $5.84B | |
| Intangible assets | $1.76B | $1.96B | $2.08B | $2.17B | $2.27B | $2.49B | $2.8B | $3.31B | $3.06B | $4.02B | |
| Deferred tax assets | $591M | $265M | $141M | $330M | $527M | $176M | $139M | $126M | $112M | $140M | |
| Other non-current assets | $1.6B | $1.62B | $1.18B | $1.09B | $674M | $1.06B | $3.28B | $1.89B | $1.96B | $1.89B | |
| Non-current assets | $26.5B | $29.9B | $33.8B | $40.8B | $42.2B | $44.5B | $48.9B | $51.4B | $50.8B | $54B | |
| Total assets | $40.4B | $45.6B | $50B | $57.9B | $62.4B | $69.4B | $71.1B | $70.9B | $70.1B | $73.1B | |
| Liabilities | |||||||||||
| Accounts payable | $3.04B | $3.93B | $5.19B | $5.56B | $6.46B | $7.52B | $7.52B | $6.34B | $6.3B | $6.63B | |
| Accrued expenses | $2.32B | $2.61B | $3.05B | $2.55B | $3.57B | $3.82B | $4.05B | $3.22B | $3.66B | $3.72B | |
| Short-term debt | $3.68B | $4.01B | $2.81B | $3.42B | $2.62B | $2.13B | $2.34B | $3.35B | $1.84B | $608M | |
| Other current liabilities | $2.64B | $2.28B | $3.05B | $3.35B | $3.81B | $3.52B | $3.61B | $4.06B | $3.91B | $3.9B | |
| Current liabilities | $11.9B | $12.7B | $14.1B | $15.4B | $17B | $17.6B | $18.1B | $17.7B | $16.4B | $15.6B | |
| Long-term debt | $12.4B | $20.3B | $19.9B | $21.8B | $22B | $19.8B | $17.3B | $18.9B | $19.4B | $23.5B | |
| Lease obligations (non-current) | $401M | $449M | $0 | $2.39B | $2.54B | $3.03B | $3.24B | $3.76B | $3.64B | $3.7B | |
| Deferred tax liabilities | $112M | $756M | $1.62B | $1.63B | $488M | $3.13B | $4.3B | $3.77B | $3.6B | $3.69B | |
| Other non-current liabilities | $15.3B | $10.2B | $11.3B | $13.3B | $19.7B | $11.6B | $8.32B | $9.42B | $10.2B | $10.3B | |
| Non-current liabilities | $28.2B | $31.7B | $32.9B | $39.2B | $44.7B | $37.6B | $33.2B | $35.9B | $36.9B | $41.2B | |
| Total liabilities | $39.9B | $44.6B | $47B | $54.6B | $61.7B | $55.1B | $51.3B | $53.5B | $53.3B | $56.8B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Retained earnings | $4.88B | $5.86B | $8.01B | $9.11B | $6.9B | $16.2B | $21.3B | $21.1B | $20.9B | $20.2B | |
| Accumulated other comprehensive income | -$4.48B | -$4.87B | -$4.99B | -$6B | -$7.11B | -$3.28B | -$1.55B | -$3.75B | -$4.31B | -$4.21B | |
| Shareholders' equity | $405M | $994M | $3.02B | $3.27B | $657M | $14.3B | $19.8B | $17.3B | $16.7B | $16.2B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $16.5B | $24.8B | $22.7B | $28.2B | $27.8B | $25.5B | $23.5B | $26.7B | $25.7B | $28.6B | |
| Net debt (debt - cash) | $13B | $21.5B | $18.5B | $22.9B | $21.8B | $15.3B | $17.9B | $23.6B | $19.5B | $22.7B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01