UNITED PARCEL SERVICE INC (UPS) closed fiscal year 2025 with a gross margin of 18.1 % and a net margin of 6.3 %.
UNITED PARCEL SERVICE INC (UPS) closed fiscal year 2025 with a gross margin of 18.1 % and a net margin of 6.3 %. The same year shows an EBITDA margin of 13.1 % and an EBIT margin of 8.9 %. The free cash flow margin was 5.4 %. Against the previous year the gross margin moved +0.1 pp and the net margin −0.1 pp. Across the period the gross margin ranges between 18.0 % in 2024 and 20.9 % in 2022. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 20.94 % | 18.95 % | 17.96 % | 18.08 % |
| EBITDA margin (%) | 4.67 % | 13.98 % | 11.60 % | 15.00 % | 14.80 % | 5.91 % | 16.06 % | 11.83 % | 16.71 % | 16.09 % | 14.73 % | 12.85 % | 13.71 % | 12.27 % | 16.20 % | 16.23 % | 13.75 % | 13.26 % | 13.10 % |
| EBIT margin (%) | 1.16 % | 10.45 % | 7.74 % | 11.39 % | 11.45 % | 2.48 % | 12.69 % | 8.53 % | 13.14 % | 12.48 % | 11.31 % | 9.77 % | 10.52 % | 9.08 % | 13.17 % | 13.05 % | 10.05 % | 9.30 % | 8.87 % |
| Net margin (%) | 0.77 % | 5.83 % | 4.34 % | 6.74 % | 7.16 % | 1.49 % | 7.89 % | 5.21 % | 8.30 % | 5.55 % | 7.37 % | 6.67 % | 5.99 % | 1.59 % | 13.25 % | 11.51 % | 7.37 % | 6.35 % | 6.28 % |
| FCF margin (%) | -3.42 % | 11.25 % | 8.13 % | 4.94 % | 9.54 % | 9.35 % | 9.45 % | 5.84 % | 8.65 % | 5.69 % | -5.63 % | 8.95 % | 3.05 % | 5.96 % | 11.11 % | 9.30 % | 5.58 % | 6.82 % | 5.37 % |
