Overview
- UPS reported fourth-quarter 2025 revenue of $24.5 billion and adjusted EPS of $2.38, topping Wall Street estimates.
- For 2026, UPS guided to about $89.7 billion in revenue and an adjusted operating margin of roughly 9.6%.
- Management said up to 30,000 operational roles will be reduced in 2026, primarily through attrition with a second voluntary separation program for full-time drivers.
- UPS completed retirement of its MD-11 fleet in Q4 and recorded a $137 million after-tax write-off as part of $238 million in charges.
- The transformation program targets about $3 billion in 2026 savings, and UPS declared a $1.64 first-quarter dividend after returning $6.4 billion to shareholders in 2025.