United Parcel Service Cash Flow Statement
NYSE: UPSIndustrialsTrucking Freight/Courier ServicesUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
United Parcel Service free cash flow
In fiscal 2025, United Parcel Service generated $8.45 billion of operating cash flow and spent $3.69 billion on capital expenditures. That left free cash flow of $4.76 billion, a free-cash-flow margin of 5.4% of revenue. Free cash flow was down 23.3% from the prior year's $6.21 billion.
United Parcel Service returned $6.40 billion to shareholders: $5.40 billion in dividends and $1.00 billion in share repurchases, equal to 134% of free cash flow. Free cash flow covered dividend payments 0.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
United Parcel Service cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.57B | 5.78B | 6.71B | 11.55B | 12.89B | 1.34B | 4.44B | 4.79B | 4.91B | 3.42B |
| Net Income growth (YoY) | -3.63% | -13.80% | -41.91% | -10.41% | +859.79% | -69.75% | -7.33% | -2.32% | +43.34% | -29.36% |
| Depreciation & Amortization | 3.00B | 3.00B | 2.80B | 3.19B | 2.95B | 2.70B | 2.36B | 2.21B | 2.28B | 2.22B |
| Stock-Based Compensation | 73.00M | 24.00M | 220.00M | 1.57B | 878.00M | 796.00M | 915.00M | 634.00M | 584.00M | 591.00M |
| Change in Working Capital | -1.02B | -245.00M | -76.00M | -180.00M | -419.00M | -550.00M | 582.00M | 1.54B | -1.65B | -785.00M |
| Operating Cash Flow | 8.45B | 10.12B | 10.24B | 14.10B | 15.01B | 10.46B | 8.64B | 12.71B | 1.48B | 6.47B |
| Capital Expenditures | -3.69B | -3.91B | -5.16B | -4.77B | -4.19B | -5.41B | -6.38B | -6.28B | -5.23B | -2.96B |
| Investing Cash Flow | -4.74B | -217.00M | -7.13B | -7.47B | -3.82B | -5.28B | -6.06B | -6.33B | -4.97B | -2.56B |
| Dividends Paid | -5.40B | -5.40B | -5.37B | -5.11B | -3.44B | -3.37B | -3.19B | -3.01B | -2.77B | -2.64B |
| Share Repurchases | -1.00B | -500.00M | -2.25B | -3.50B | -500.00M | -224.00M | -1.00B | -1.01B | -1.81B | -2.68B |
| Debt Issued | 4.15B | 2.79B | 3.43B | 0 | 0 | 5.00B | 5.21B | 1.20B | 12.02B | 5.93B |
| Debt Repaid | -2.07B | -2.49B | -2.43B | -2.30B | -2.77B | -3.39B | -3.10B | -2.89B | -3.94B | -3.81B |
| Financing Cash Flow | -4.14B | -6.85B | -5.53B | -11.19B | -6.82B | -4.52B | -1.73B | -5.69B | 3.29B | -3.14B |
| Net Change in Cash | -225.00M | 2.91B | -2.40B | -4.65B | 4.34B | 672.00M | 871.00M | 598.00M | -152.00M | 749.00M |
| Free Cash Flow | 4.76B | 6.21B | 5.08B | 9.34B | 10.81B | 5.05B | 2.26B | 6.43B | -3.75B | 3.51B |
This table shows 10 annual periods of United Parcel Service's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UPS's reporting calendar. What is a cash flow statement?