United Parcel Service recorded net income of $1.2 billion and diluted earnings per share of $1.40 in Q1 2025. Non-GAAP adjusted diluted earnings per share for the quarter were $1.49 after adjusting for the after-tax impacts of goodwill and asset impairment charges and other items.

10-QQuarterly reportFiled May 7, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

United Parcel Service recorded net income of $1.2 billion and diluted earnings per share of $1.40 in Q1 2025. Non-GAAP adjusted diluted earnings per share for the quarter were $1.49 after adjusting for the after-tax impacts of goodwill and asset impairment charges and other items.
The company said it anticipates $3.5 billion of total cost savings will be delivered this year from Network Reconfiguration and Efficiency Reimagined, and through March 31, 2025 it had realized approximately $500 million in cost savings and incurred related costs of $23 million from these initiatives.
United Parcel Service repurchased 8.6 million shares of Class B common stock for $1.0 billion in Q1 2025 and increased its quarterly dividend to $1.64 per share, compared with $1.63 in the same period of 2024. The company said it does not anticipate additional repurchases in 2025.
The company said net cash from operating activities decreased $1.0 billion in Q1 2025, citing higher incentive compensation payments and an increase in accounts receivable driven by higher pass-through tariffs, duties and taxes as factors.

Key figures

Quarter ended March 31, 2025

Revenue: $21.5B
Operating income: $1.7B
Net income: $1.2B
EPS: $1.40
Operating cash flow: $2.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Net Income and Adjusted Diluted EPS

United Parcel Service recorded net income of $1.2 billion and diluted earnings per share of $1.40 in Q1 2025. Non-GAAP adjusted diluted earnings per share for the quarter were $1.49 after adjusting for the after-tax impacts of goodwill and asset impairment charges and other items.

Source · Based on the MD&A text of the filing

Network Reconfiguration Cost Savings and Related Costs

The company said it anticipates $3.5 billion of total cost savings will be delivered this year from Network Reconfiguration and Efficiency Reimagined, and through March 31, 2025 it had realized approximately $500 million in cost savings and incurred related costs of $23 million from these initiatives.

Source · Based on the MD&A text of the filing

Shareholder Returns: Share Repurchases and Dividends

United Parcel Service repurchased 8.6 million shares of Class B common stock for $1.0 billion in Q1 2025 and increased its quarterly dividend to $1.64 per share, compared with $1.63 in the same period of 2024. The company said it does not anticipate additional repurchases in 2025.

Source · Based on the MD&A text of the filing

Operating Cash Flow Decline and Company Explanation

The company said net cash from operating activities decreased $1.0 billion in Q1 2025, citing higher incentive compensation payments and an increase in accounts receivable driven by higher pass-through tariffs, duties and taxes as factors.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗