Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.6B | $66.6B | $71.9B | $74.1B | $84.6B | $97.3B | $100B | $91.0B | $91.1B | $88.7B |
| Revenue growth | — | 8.1% | 7.9% | 3.1% | 14.2% | 15.0% | 3.1% | -9.3% | 0.1% | -2.6% |
| Operating income | $7.69B | $7.53B | $7.02B | $7.80B | $7.68B | $12.8B | $13.1B | $9.14B | $8.47B | $7.87B |
| Operating margin | 12.5% | 11.3% | 9.8% | 10.5% | 9.1% | 13.2% | 13.0% | 10.0% | 9.3% | 8.9% |
| Net income | $3.42B | $4.91B | $4.79B | $4.44B | $1.34B | $12.9B | $11.5B | $6.71B | $5.78B | $5.57B |
| Net margin | 5.6% | 7.4% | 6.7% | 6.0% | 1.6% | 13.2% | 11.5% | 7.4% | 6.3% | 6.3% |
| EPS (diluted) | $3.86 | $5.61 | $5.51 | $5.11 | $1.54 | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.47B | $1.48B | $12.7B | $8.64B | $10.5B | $15.0B | $14.1B | $10.2B | $10.1B | $8.45B |
| Capital expenditures | $2.96B | $5.23B | $6.28B | $6.38B | $5.41B | $4.19B | $4.77B | $5.16B | $3.91B | $3.69B |
| Free cash flow | $3.51B | -$3.75B | $6.43B | $2.26B | $5.05B | $10.8B | $9.34B | $5.08B | $6.21B | $4.76B |
| Share buybacks | $2.68B | $1.81B | $1.01B | $1.00B | $224M | $500M | $3.50B | $2.25B | $500M | $1.00B |
| Dividends paid | $2.64B | $2.77B | $3.01B | $3.19B | $3.37B | $3.44B | $5.11B | $5.37B | $5.40B | $5.40B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.48B | $3.32B | $4.22B | $5.24B | $5.91B | $10.3B | $5.60B | $3.21B | $6.11B | $5.89B |
| Total assets | $40.5B | $45.6B | $50.0B | $57.9B | $62.4B | $69.4B | $71.1B | $70.9B | $70.1B | $73.1B |
| Long-term debt | $15.6B | $23.9B | $22.3B | $24.9B | $24.5B | $21.7B | $19.4B | $22.0B | $21.0B | $23.6B |
| Shareholders' equity | $405M | $994M | $3.02B | $3.27B | $657M | $14.3B | $19.8B | $17.3B | $16.7B | $16.2B |
| Retained earnings | $4.88B | $5.85B | $8.01B | $9.11B | $6.90B | $16.2B | $21.3B | $21.1B | $20.9B | $20.2B |
| Shares (wtd avg diluted) | 887M | 875M | 870M | 869M | 871M | 878M | 875M | 860M | 856M | 850M |
Every figure is extracted from UNITED PARCEL SERVICE INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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