A UPS driver sits in his truck in the Flatbush neighborhood of Brooklyn, New York City, on April 15, 2026.
Michael M. Santiago | Getty Images
united parcel service announced on Tuesday its first quarter results, which exceeded sales and bottom line profits.
Shares of the delivery giant fell about 5% in premarket trading.
Here’s how the company performed in the first quarter compared to Wall Street expectations, based on a survey of analysts by LSEG:
Earnings per share: $1.07 adjusted vs. $1.02 expected Revenue: $21.2 billion vs. $20.99 billion expected
For the quarter ended March 31, UPS reported net income of $864 million, or $1.02 per share, compared with $1.19 billion, or $1.40 per share, in the year-ago period. Adjusted for one-time items, the company reported profit of $906 million, or $1.07 per share. Sales decreased to $21.2 billion from $21.5 billion in the same period last year.
“The first quarter of 2026 was a critical transition period for UPS, requiring us to perfectly execute several key strategic actions, which we were able to accomplish,” Chief Executive Officer Carol Tomé said in a statement. “With this backdrop, we expect a return to increased consolidated sales and operating profit and adjusted operating margin expansion in the second quarter of this year.”
For the full year 2026, the company reaffirmed its consolidated financial estimates of $89.7 billion in sales and a non-GAAP adjusted operating margin of 9.6%.
“It’s early in the year to raise (guidance),” Tomé said on a conference call with analysts Tuesday, adding there was no sign of concern about the health of the business.
UPS said its domestic division saw sales decline 2.3%, primarily due to expected lower volumes.
UPS is in the midst of a turnaround plan and is ramping up network automation. UPS announced that it achieved $600 million in cost savings through its network efficiency program in the first three months of this year and expects to achieve $3 billion in year-over-year cost savings in 2026.
Fuel surcharges have not had a material impact on UPS’s business, company executives said on a conference call with analysts, adding that it is too early to determine the exact impact of the Middle East wars.
