Sep 30, 2021

UPS Q3 2021 Earnings Report

UPS's Q3 2021 earnings reflected revenue growth and increased profitability.

Key Takeaways

UPS announced strong third-quarter 2021 results, with consolidated revenue up 9.2% to $23.2 billion and diluted EPS of $2.65, an 18.3% increase year-over-year. The company also raised its full-year 2021 financial guidance.

Consolidated revenues increased by 9.2% to $23.2 billion compared to last year.

Consolidated operating profit rose by 22.6% from last year, reaching $2.9 billion.

Diluted EPS increased by 18.3% from last year to $2.65.

The company raised its full-year 2021 financial guidance.

Total Revenue
$23.2B
Previous year: $21.2B
+9.2%
EPS
$2.71
Previous year: $2.28
+18.9%
Gross Profit
$4.71B
Previous year: $2.36B
+99.2%
Cash and Equivalents
$10.2B
Previous year: $8.84B
+15.5%
Free Cash Flow
$2.41B
Previous year: $2.18B
+10.3%
Total Assets
$65.7B
Previous year: $62.4B
+5.3%

UPS

UPS

UPS Revenue by Segment

Forward Guidance

For the full year in 2021, the company is raising its consolidated adjusted operating margin target to approximately 13.0% and expects adjusted return on invested capital to be around 29%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income