UPS (NYSE:UPS) announced its first-quarter 2026 financial results on Tuesday, April 28, reporting consolidated revenues of $21.2 billion.
The Atlanta-based logistics giant posted a consolidated operating profit of $1.27 billion, with a non-GAAP adjusted consolidated operating profit of $1.32 billion, representing a 6.2% adjusted margin.
For the quarter ended March 31, 2026, GAAP diluted earnings per share (EPS) were $1.02.
On an adjusted basis, diluted EPS reached $1.07, which accounts for $42 million in after-tax transformation charges related to the company’s ongoing network modernization and "Fit to Serve" organizational restructuring.
The results reflect a stabilizing global volume environment as UPS continues to lean into high-growth segments, including healthcare and small-to-medium-sized businesses (SMBs).
While global macroeconomic pressures remain a factor, the company’s disciplined approach to cost management and revenue quality helped maintain profitability in line with internal expectations.
Looking ahead, UPS reaffirmed its full-year 2026 financial guidance, which targets consolidated revenue ranging from approximately $92 billion to $94.5 billion.
The company also expects a consolidated adjusted operating margin between 10% and 10.6% for the full year.
Capital expenditures are projected to remain around $4.5 billion, with dividend payments totaling approximately $5.4 billion, subject to Board approval