United Parcel Service, Inc. (UPS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 17.79B | 19.05B | 18.98B | 18.85B | 17.09B | 19.31B | 17.26B | 18.82B | 16.18B | 19.41B | 19.25B | 19.44B | 21.73B | 22.22B | 24.6B | 25.57B | 25.6B | 24.93B | 22.84B | 21.99B |
| Cash & Short-Term Investments | 5.8B | 5.89B | 6.83B | 6.29B | 5.07B | 6.32B | 6.06B | 6.53B | 4.51B | 6.04B | 7.28B | 7.88B | 9.4B | 7.59B | 11.38B | 12.07B | 12.54B | 10.59B | 10.56B | 9.95B |
| Cash Only | 5.8B | 5.89B | 6.76B | 6.19B | 4.8B | 6.11B | 5.86B | 6.32B | 4.28B | 3.17B | 4.31B | 4.81B | 6.19B | 5.6B | 11.04B | 11.73B | 12.21B | 10.26B | 10.21B | 9.61B |
| Short-Term Investments | 0 | 0 | 68M | 92M | 263M | 206M | 205M | 213M | 232M | 2.87B | 2.97B | 3.07B | 3.21B | 1.99B | 331M | 336M | 337M | 338M | 348M | 346M |
| Accounts Receivable | 9.95B | 11.21B | 9.97B | 10.43B | 9.89B | 10.87B | 9.2B | 9.05B | 9.55B | 11.22B | 9.46B | 9.59B | 10.3B | 12.58B | 10.97B | 11.4B | 11.2B | 12.54B | 10.47B | 10.14B |
| Days Sales Outstanding | 44.9 | 39.76 | 43.81 | 43.56 | 43.35 | 36.57 | 37.78 | 38.88 | 43.62 | 38.25 | 41.68 | 41.12 | 45.05 | 40.24 | 42.76 | 41.62 | 43.9 | 38.18 | 40.93 | 39.37 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 826M | 0 | 0 | 898M | 935M | 0 | 0 | 0 | 889M | 0 | 0 | 0 | 717M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | 3.8 | - | - | 4.61 | 4.31 | - | - | - | 3.83 | - | - | - | 3.08 | - | - |
| Other Current Assets | 2.04B | 1.95B | 2.19B | 2.13B | 2.14B | 1.29B | 2.01B | 3.24B | 1.21B | 1.23B | 2.51B | 1.97B | 2.03B | 1.15B | 2.25B | 2.1B | 1.86B | 1.08B | 1.81B | 1.9B |
| Total Non-Current Assets | 54.02B | 54.05B | 52.41B | 52.07B | 51.38B | 50.76B | 51B | 50.59B | 51.45B | 51.44B | 51.03B | 50.91B | 50.46B | 48.91B | 44.95B | 44.52B | 44.51B | 44.47B | 42.9B | 42.88B |
| Property, Plant & Equipment | 42.11B | 41.99B | 41.96B | 41.69B | 41.27B | 41.33B | 41.52B | 41.22B | 41.39B | 41.25B | 40.17B | 39.72B | 39.08B | 38.47B | 37.04B | 36.92B | 37.08B | 37.04B | 36.32B | 36.2B |
| Fixed Asset Turnover | 0.50x | 0.58x | 0.51x | 0.51x | 0.52x | 0.61x | 0.54x | 0.53x | 0.52x | 0.61x | 0.53x | 0.56x | 0.59x | 0.71x | 0.65x | 0.67x | 0.66x | 0.76x | 0.64x | 0.65x |
| Goodwill | 5.8B | 5.84B | 4.81B | 4.81B | 4.69B | 4.3B | 4.41B | 4.35B | 4.85B | 4.87B | 4.1B | 4.25B | 4.25B | 4.22B | 3.62B | 3.67B | 3.67B | 3.69B | 3.33B | 3.36B |
| Intangible Assets | 3.98B | 4.02B | 3.46B | 3.36B | 3.3B | 3.06B | 3.11B | 3.11B | 3.31B | 3.31B | 2.89B | 2.89B | 2.81B | 2.8B | 2.44B | 2.48B | 2.46B | 2.49B | 2.22B | 2.24B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 19M | 21M | 23M | 23M | 23M |
| Other Non-Current Assets | 1.97B | 2.05B | 2.02B | 2.08B | 1.98B | 1.96B | 1.84B | 1.8B | 1.78B | 1.89B | 3.74B | 3.91B | 4.17B | 3.27B | 1.68B | 1.27B | 1.11B | 1.06B | 817M | 877M |
| Total Assets | 71.81B | 73.09B | 71.39B | 70.92B | 68.47B | 70.07B | 68.26B | 69.42B | 67.63B | 70.86B | 70.28B | 70.35B | 72.19B | 71.12B | 69.54B | 70.09B | 70.11B | 69.41B | 65.74B | 64.87B |
| Asset Turnover | 0.29x | 0.34x | 0.30x | 0.30x | 0.31x | 0.36x | 0.32x | 0.32x | 0.31x | 0.35x | 0.30x | 0.31x | 0.32x | 0.38x | 0.34x | 0.35x | 0.35x | 0.41x | 0.35x | 0.37x |
| Asset Growth % | 4.88% | 4.31% | 4.58% | 2.17% | 1.24% | -1.11% | -2.87% | -1.32% | -6.32% | -0.38% | 1.06% | 0.37% | 2.96% | 2.48% | 5.79% | 8.05% | 10.74% | 11.21% | 5.34% | 4.53% |
| Total Current Liabilities | 14.67B | 15.62B | 14.55B | 14.24B | 15.66B | 16.44B | 15.08B | 15.09B | 14.7B | 17.68B | 15.82B | 14.69B | 16.26B | 18.14B | 17.68B | 17.34B | 16.84B | 17.57B | 15.47B | 15.77B |
| Accounts Payable | 5.91B | 6.63B | 5.78B | 6.04B | 5.45B | 6.3B | 5.41B | 5.3B | 5.4B | 6.34B | 5.97B | 6.08B | 6.3B | 7.51B | 6.73B | 7.17B | 7.04B | 7.52B | 6.45B | 6.56B |
| Days Payables Outstanding | 32.07 | 29.54 | 30.34 | 29.99 | 29.61 | 26.95 | 26.74 | 27.04 | 29.51 | 28.4 | 31.38 | 32.54 | 33.8 | 30.67 | 33.59 | 33.59 | 33.97 | 29.99 | 32.44 | 31.87 |
| Short-Term Debt | 1.38B | 1.37B | 932M | 920M | 1.86B | 1.84B | 1.61B | 2.01B | 1.16B | 3.35B | 2.24B | 1.41B | 2.33B | 2.34B | 2.5B | 2.5B | 2B | 2.13B | 1B | 1.5B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7.38B | 2.51B | 3.62B | 3.33B | 3.39B | 3.91B | 3.84B | 3.79B | 4.22B | 4.05B | 3.6B | 3.55B | 3.95B | 3.61B | 4.16B | 3.65B | 3.67B | 3.52B | 3.4B | 3.35B |
| Current Ratio | 1.21x | 1.22x | 1.30x | 1.32x | 1.09x | 1.17x | 1.14x | 1.25x | 1.10x | 1.10x | 1.22x | 1.32x | 1.34x | 1.22x | 1.39x | 1.47x | 1.52x | 1.42x | 1.48x | 1.39x |
| Quick Ratio | 1.21x | 1.22x | 1.30x | 1.32x | 1.09x | 1.12x | 1.14x | 1.25x | 1.04x | 1.05x | 1.22x | 1.32x | 1.34x | 1.18x | 1.39x | 1.47x | 1.52x | 1.38x | 1.48x | 1.39x |
| Cash Conversion Cycle | - | - | - | - | - | 13.42 | - | - | 18.72 | 14.16 | - | - | - | 13.4 | - | - | - | 11.26 | - | - |
| Total Non-Current Liabilities | 41.34B | 41.22B | 40.99B | 40.91B | 37.12B | 36.89B | 36.3B | 37.28B | 36B | 35.87B | 35.28B | 35.62B | 35.87B | 33.18B | 34.88B | 36.44B | 37.84B | 37.57B | 38.21B | 38.28B |
| Long-Term Debt | 23.75B | 27.22B | 23.85B | 23.82B | 19.51B | 19.45B | 20.32B | 20.2B | 18.85B | 18.92B | 18.88B | 19.35B | 19.86B | 17.32B | 17.47B | 17.7B | 19.43B | 19.78B | 20.56B | 20.67B |
| Capital Lease Obligations | 0 | 3.7B | 3.69B | 3.44B | 3.5B | 3.63B | 3.61B | 3.56B | 3.69B | 3.76B | 3.65B | 3.68B | 3.54B | 3.24B | 3.26B | 3.25B | 3.28B | 3.03B | 3.21B | 3.39B |
| Deferred Tax Liabilities | 3.77B | 3.69B | 3.58B | 3.49B | 3.6B | 3.6B | 3.76B | 3.84B | 3.83B | 3.77B | 4.6B | 4.42B | 4.34B | 4.3B | 3.76B | 3.58B | 3.36B | 3.13B | 2.77B | 2.58B |
| Other Non-Current Liabilities | 13.82B | 6.61B | 9.87B | 10.15B | 10.51B | 10.21B | 8.6B | 9.68B | 9.63B | 9.42B | 8.15B | 8.17B | 8.13B | 8.32B | 10.39B | 11.91B | 11.77B | 11.63B | 11.66B | 11.63B |
| Total Liabilities | 56.02B | 56.84B | 55.54B | 55.15B | 52.78B | 53.33B | 51.38B | 52.37B | 50.7B | 53.54B | 51.1B | 50.31B | 52.14B | 51.32B | 52.56B | 53.78B | 54.68B | 55.14B | 53.68B | 54.05B |
| Total Debt | 25.13B | 32.29B | 29.21B | 28.91B | 25.59B | 25.65B | 26.24B | 26.45B | 24.4B | 26.73B | 25.44B | 25.12B | 26.39B | 23.52B | 23.87B | 24.1B | 25.43B | 25.53B | 25.6B | 26.18B |
| Net Debt | 19.33B | 26.4B | 22.45B | 22.71B | 20.79B | 19.54B | 20.39B | 20.13B | 20.12B | 23.56B | 21.13B | 20.3B | 20.2B | 17.92B | 12.82B | 12.37B | 13.22B | 15.27B | 15.38B | 16.58B |
| Debt / Equity | 1.59x | 1.99x | 1.84x | 1.83x | 1.63x | 1.53x | 1.55x | 1.55x | 1.44x | 1.54x | 1.33x | 1.25x | 1.32x | 1.19x | 1.41x | 1.48x | 1.65x | 1.79x | 2.12x | 2.42x |
| Debt / EBITDA | 19.83x | 8.72x | 10.70x | 10.48x | 9.93x | 6.57x | 8.71x | 9.39x | 9.37x | 7.65x | 11.09x | 6.80x | 7.97x | 5.84x | 6.23x | 5.64x | 6.31x | 5.46x | 6.94x | 6.38x |
| Net Debt / EBITDA | 15.25x | 7.13x | 8.22x | 8.24x | 8.07x | 5.00x | 6.76x | 7.15x | 7.73x | 6.74x | 9.21x | 5.49x | 6.10x | 4.45x | 3.35x | 2.90x | 3.28x | 3.26x | 4.17x | 4.04x |
| Interest Coverage | 4.76x | 10.27x | 6.54x | 8.04x | 7.89x | 10.33x | 9.34x | 9.90x | 8.92x | 11.01x | 7.57x | 15.39x | 14.49x | 25.68x | 19.90x | 22.88x | 20.84x | 24.31x | 18.20x | 21.95x |
| Total Equity | 15.79B | 16.25B | 15.85B | 15.78B | 15.68B | 16.74B | 16.88B | 17.05B | 16.93B | 17.31B | 19.18B | 20.04B | 20.05B | 19.8B | 16.99B | 16.31B | 15.43B | 14.27B | 12.06B | 10.82B |
| Equity Growth % | 0.68% | -2.91% | -6.14% | -7.48% | -7.38% | -3.3% | -11.97% | -14.89% | -15.56% | -12.57% | 12.9% | 22.85% | 29.93% | 38.78% | 40.9% | 50.71% | 115.59% | 2032.88% | 115.07% | 147.3% |
| Book Value per Share | 18.58 | 19.06 | 18.69 | 18.63 | 18.45 | 19.51 | 19.80 | 19.90 | 19.76 | 20.18 | 22.35 | 23.27 | 23.18 | 22.74 | 19.48 | 18.62 | 17.56 | 16.23 | 13.72 | 12.33 |
| Total Shareholders' Equity | 15.76B | 16.23B | 15.82B | 15.75B | 15.66B | 16.72B | 16.86B | 17.03B | 16.91B | 17.31B | 19.17B | 20.02B | 20.04B | 19.79B | 16.97B | 16.29B | 15.42B | 14.25B | 12.04B | 10.8B |
| Common Stock | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Retained Earnings | 19.62B | 20.15B | 19.75B | 19.83B | 19.94B | 20.88B | 20.55B | 20.69B | 20.68B | 21.05B | 20.7B | 21.58B | 21.51B | 21.33B | 20.18B | 18.96B | 17.43B | 16.18B | 13.97B | 12.53B |
| Treasury Stock | 0 | -5M | -5M | -4M | -4M | -7M | -6M | -6M | -6M | -9M | -9M | -9M | -9M | -13M | -12M | -12M | -12M | -16M | -16M | -16M |
| Accumulated OCI | -4.25B | -4.2B | -4.12B | -4.17B | -4.28B | -4.31B | -3.7B | -3.8B | -3.77B | -3.75B | -1.54B | -1.57B | -1.48B | -1.55B | -3.22B | -3.25B | -3.26B | -3.28B | -3.03B | -3.06B |
| Minority Interest | 28M | 28M | 25M | 27M | 24M | 25M | 27M | 23M | 24M | 8M | 12M | 18M | 15M | 17M | 20M | 21M | 18M | 16M | 16M | 17M |