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UPS achieved consolidated revenue of $24.5 billion in the fourth quarter of 2025, according to the company’s latest financial reports. The consolidated operating profit amounted to $2.6 billion, while the non-GAAP adjusted operating profit reached $2.9 billion. The diluted earnings per share were $2.10, with the non-GAAP adjusted diluted earnings per share at $2.38.
Fleet Modernization and Cost Factors
The GAAP results for the fourth quarter include total costs of $238 million, which corresponds to $0.28 per diluted share. These costs consist of a non-cash tax expense of $137 million related to the depreciation of the MD-11 aircraft fleet, as well as after-tax transformation costs of $101 million. UPS has also accelerated its fleet modernization plans and completed the retirement of the MD-11 fleet in the fourth quarter of 2025.
Carol Tomé, CEO of UPS, commented on the results and thanked employees for their commitment. She emphasized that the company provided the best service for the eighth consecutive year during peak season and exceeded financial expectations in the fourth quarter. Tomé pointed out that 2025 was a year of significant progress for UPS, as measures were taken to enhance revenue quality and build an agile network. She looked forward to 2026, which is expected to mark a turning point in the implementation of the company’s growth strategy following the completion of the Amazon glide path.
Additionally, UPS declared a quarterly dividend of $1.64, underscoring the company’s financial stability.
