FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

UPS
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 23% to $4.8B, and covered net income 0.86×.

CASH FROM OPS -16.5%
8,450 9.5% MGN
CAPITAL EXPENDITURE -5.7%
3,685
FREE CASH FLOW -23.3%
4,765
FCF / NET INCOME -20.4%
0.86× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
4,791 4,440 1,343 12,890 11,548 6,708 5,782 5,572 -3.6% 4,570 2024-09-30 · $1.5B2024-12-31 · $1.7B2025-03-31 · $1.2B2025-06-30 · $1.3B2025-09-30 · $1.3B2025-12-31 · $1.8B2026-03-31 · $864.0M2026-06-30 · $604.0M
Depreciation & amortization
2,207 2,360 2,698 2,953 3,188 2,800 3,000 3,000 +0.0% 3,669
Stock-based comp
634 915 796 878 1,568 220 24 73 3.0× 115
Cash from operations
12,711 8,639 10,459 15,007 14,104 10,238 10,122 8,450 -16.5% 8,867 2024-09-30 · $1.5B2024-12-31 · $3.3B2025-03-31 · $2.3B2025-06-30 · $348.0M2025-09-30 · $2.5B2025-12-31 · $3.3B2026-03-31 · $2.2B2026-06-30 · $859.0M
Cash conversion
2.65× 1.95× 7.79× 1.16× 1.22× 1.53× 1.75× 1.52× -13.4% 1.94×
Capital expenditures
(6,283) (6,380) (5,412) (4,194) (4,769) (5,158) (3,909) (3,685) -5.7% (3,410)
Free cash flow
6,428 2,259 5,047 10,813 9,335 5,080 6,213 4,765 -23.3% 5,457 2024-09-30 · $655.0M2024-12-31 · $2.2B2025-03-31 · $1.4B2025-06-30 · -$775.0M2025-09-30 · $1.5B2025-12-31 · $2.6B2026-03-31 · $1.2B2026-06-30 · $166.0M
FCF margin
8.9% 3.0% 6.0% 11.1% 9.3% 5.6% 6.8% 5.4% -21.2% 6.1%
Cash from investing
-6,330 -6,061 -5,283 -3,818 -7,472 -7,133 -217 -4,735 — -3,967
Dividends paid
3,011 3,194 3,374 3,437 5,114 5,372 5,399 5,398 -0.0% 5,409
Share repurchases
1,011 1,004 224 500 3,500 2,250 500 1,000 +100.0% 0
Debt repayment
2,887 3,096 3,392 2,773 2,304 2,429 2,487 2,069 -16.8% 1,092
Cash from financing
-5,692 -1,727 -4,517 -6,823 -11,185 -5,534 -6,850 -4,141 — -6,379
Net change in cash
598 871 672 4,345 -4,653 -2,396 2,906 -225 — -1,541
Ending cash balance
4,225 5,238 5,910 10,255 5,602 3,206 6,112 5,887 -3.7% 4,653

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM6,213 CASH FROM OPERATIONS-1,672 CAPITAL EXPENDITURES+224 TO4,765
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-05 ↗