Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
International parcels carried the quarter's profit
With 22.1% of revenue, International Package out-earned everything else combined while the U.S. network nearly broke even.
For investorsWhat has to go right for U.S. Domestic profit to recover
For foundersShrinking on purpose: the playbook behind shedding a largest customer
Fuel and purchased transportation gained about as much share of revenue as operating margin lost, 4.51 points.
Daily volume fell while revenue still grew 7.6%, because price per piece rose faster than package counts shrank.
Weekly surcharges tied to public fuel indexes pass much of the fuel price risk to customers, in place of hedges.
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Business Lens describes United Parcel Service from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
