UPS Q1 2026 earnings beat estimates as profit falls

Analysts had projected $1.02 successful adjusted net per stock and $20.99 cardinal successful revenue, according to CNBC.

Stripping retired the adjustment, per-share net stood astatine $1.02 connected a GAAP basis, a measurement down from the $1.40 recorded successful the year-earlier quarter. After-tax translation charges of $42 million, adjacent to $0.05 per diluted share, weighed connected the results.

Volume headwinds the institution had anticipated dragged home conception gross down 2.3% to $14.1 billion, and operating nett contracted sharply, falling to $515 cardinal from $979 cardinal successful the prior-year period. Revenue per portion grew 6.5%. International conception gross roseate 3.8% to $4.5 billion, supported by a 10.7% summation successful gross per piece, though operating nett declined to $547 cardinal from $641 million.

Through the extremity of March, astir $600 cardinal successful outgo reductions had been captured nether UPS's web reconfiguration and ratio initiative, with the institution projecting that fig volition turn to $3 cardinal connected a full-year ground by the adjacent of 2026.

CEO Carol Tomé framed the play arsenic a pivotal infinitesimal successful a connection accompanying the results. "The archetypal 4th of 2026 marked a captious modulation play for UPS successful which we needed to flawlessly execute respective large strategical actions and we delivered," she said. "With that down us, we expect to instrumentality to consolidated gross and operating nett growth, and adjusted operating borderline enlargement successful the 2nd 4th of this year."

Looking up to the remainder of the year, UPS stood by its anterior forecast, which calls for consolidated gross of astir $89.7 cardinal and a non-GAAP adjusted operating borderline of astir 9.6%. The institution besides confirmed expected superior expenditures of astir $3.0 cardinal and dividend payments of astir $5.4 billion, taxable to committee approval.