UPS reports Q3 profit decline but raises FY2026 earnings outlook

United Parcel Service posted third‑quarter 2026 net income of $1.163 billion, down from $1.311 billion a year earlier, and adjusted earnings per share of $1.69. Revenue grew 6.7% year‑over‑year to $22.9 billion. The company forecast fourth‑quarter revenue of about $25.7 billion and lifted its fiscal‑2026 adjusted EPS target to $7.28, up from the prior $7.22 guidance.

The earnings miss highlights margin pressure from transformation costs, but the raised FY2026 EPS outlook signals management confidence in future profitability, which may affect investor expectations for the stock’s performance.

  • 1Q3 net income was $1.163 billion, down from $1.311 billion a year earlier.
  • 2Adjusted earnings per share for the quarter were $1.69.
  • 3Consolidated revenue increased 6.7% to $22.9 billion.
  • 4UPS expects Q4 revenue of approximately $25.7 billion.
  • 5Fiscal‑2026 adjusted EPS guidance was raised to approximately $7.28 per share.
  • 6GAAP diluted EPS for the quarter was $1.37, adjusted to $1.69 after non‑GAAP items.

Sources