47/100B111.410
USD
1.12
(1.01%)
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Last updated: · Delayed 15 min
Fair value80.15Plus+39%61Price 111.41162
Q4 FY2026 · Earnings report
EPS estimate 2.76Revenue estimate 25.71B
Q4 FY2026 · Earnings report
EPS estimate 2.76Revenue estimate 25.71B
United Parcel Service total debt 1998–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
United Parcel Service's total debt was 30.29B USD on 30 September 2026, up 3.7% on a year before. At the end of fiscal year 2025 it was 28.59B USD.
Last updated 12 Nov 2026 · Next report 26 Jan 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 30.29B | +3.69% | 6.84B | -23.45B | 2.02 |
| FY2025 | 31 Dec 2025 | 28.59B | +11.45% | 5.89B | -22.70B | 1.76 |
| FY2024 | 31 Dec 2024 | 25.65B | -4.03% | 6.32B | -19.33B | 1.53 |
| FY2023 | 31 Dec 2023 | 26.73B | +13.64% | 6.04B | -20.69B | 1.54 |
| FY2022 | 31 Dec 2022 | 23.52B | -7.86% | 7.60B | -15.93B | 1.19 |
| FY2021 | 31 Dec 2021 | 25.53B | -8.02% | 10.59B | -14.94B | 1.79 |
| FY2020 | 31 Dec 2020 | 27.75B | -1.47% | 6.32B | -21.44B | 42.24 |
| FY2019 | 31 Dec 2019 | 28.17B | +23.89% | 5.74B | -22.43B | 8.62 |
| FY2018 | 31 Dec 2018 | 22.74B | -8.28% | 5.04B | -17.70B | 7.53 |
| FY2017 | 31 Dec 2017 | 24.79B | +50.04% | 4.07B | -20.72B | 24.94 |
| FY2016 | 31 Dec 2016 | 16.52B | +11.57% | 4.57B | -11.96B | 40.80 |
| FY2015 | 31 Dec 2015 | 14.81B | +31.24% | 4.73B | -10.08B | 6.00 |
| FY2014 | 31 Dec 2014 | 11.28B | -0.54% | 3.28B | -8.00B | 5.27 |
| FY2013 | 31 Dec 2013 | 11.35B | -14.76% | 5.25B | -6.10B | 1.75 |
| FY2012 | 31 Dec 2012 | 13.31B | +19.61% | 7.92B | -5.39B | 2.86 |
| FY2011 | 31 Dec 2011 | 11.13B | +2.60% | 4.28B | -6.85B | 1.58 |
| FY2010 | 31 Dec 2010 | 10.85B | +13.92% | 4.08B | -6.77B | 1.36 |
| FY2009 | 31 Dec 2009 | 9.52B | -3.55% | 2.10B | -7.42B | 1.25 |
| FY2008 | 31 Dec 2008 | 9.87B | -10.41% | 1.05B | -8.82B | 1.46 |
| FY2007 | 31 Dec 2007 | 11.02B | +167.69% | 2.60B | -8.41B | 0.90 |
| FY2006 | 31 Dec 2006 | 4.12B | +3.42% | 1.98B | -2.13B | 0.27 |
| FY2005 | 31 Dec 2005 | 3.98B | -10.52% | 3.04B | -939.00M | 0.24 |
| FY2004 | 31 Dec 2004 | 4.45B | +16.35% | 5.20B | 749.00M | 0.27 |
| FY2003 | 31 Dec 2003 | 3.82B | -16.93% | 2.07B | -1.76B | 0.26 |
| FY2002 | 31 Dec 2002 | 4.60B | -10.92% | 3.01B | -1.59B | 0.37 |
| FY2001 | 31 Dec 2001 | 5.17B | +43.34% | 1.62B | -3.55B | 0.50 |
| FY2000 | 31 Dec 2000 | 3.60B | +48.68% | 879.00M | -2.73B | 0.37 |
| FY1999 | 31 Dec 1999 | 2.42B | -6.81% | 4.20B | 1.78B | 0.19 |
| FY1998 | 31 Dec 1998 | 2.60B | — | 1.63B | -972.00M | 0.36 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 30.29B | +3.69% | 6.84B | -23.45B | 2.02 |
| Q2 FY2026 | 30 Jun 2026 | 28.67B | -0.82% | 4.65B | -24.02B | 1.90 |
| Q1 FY2026 | 31 Mar 2026 | 28.66B | +11.99% | 5.80B | -22.86B | 1.82 |
| Q4 FY2025 | 31 Dec 2025 | 28.59B | +11.45% | 5.89B | -22.70B | 1.76 |
| Q3 FY2025 | 30 Sept 2025 | 29.21B | +11.31% | 6.83B | -22.38B | 1.85 |
| Q2 FY2025 | 30 Jun 2025 | 28.91B | +9.30% | 6.29B | -22.62B | 1.84 |
| Q1 FY2025 | 31 Mar 2025 | 25.59B | +4.91% | 5.07B | -20.53B | 1.63 |
| Q4 FY2024 | 31 Dec 2024 | 25.65B | -4.03% | 6.32B | -19.33B | 1.53 |
| Q3 FY2024 | 30 Sept 2024 | 26.24B | +3.15% | 6.06B | -20.18B | 1.56 |
| Q2 FY2024 | 30 Jun 2024 | 26.45B | +5.31% | 6.53B | -19.92B | 1.55 |
| Q1 FY2024 | 31 Mar 2024 | 24.40B | -7.57% | 4.51B | -19.88B | 1.44 |
| Q4 FY2023 | 31 Dec 2023 | 26.73B | +13.64% | 6.04B | -20.69B | 1.54 |
| Q3 FY2023 | 30 Sept 2023 | 25.44B | +6.58% | 7.28B | -18.16B | 1.33 |
| Q2 FY2023 | 30 Jun 2023 | 25.12B | +4.22% | 7.88B | -17.23B | 1.25 |
| Q1 FY2023 | 31 Mar 2023 | 26.40B | +3.79% | 9.40B | -17.00B | 1.32 |
| Q4 FY2022 | 31 Dec 2022 | 23.52B | -7.86% | 7.60B | -15.93B | 1.19 |
| Q3 FY2022 | 30 Sept 2022 | 23.87B | -6.74% | 11.38B | -12.49B | 1.41 |
| Q2 FY2022 | 30 Jun 2022 | 24.10B | -7.96% | 12.07B | -12.03B | 1.48 |
| Q1 FY2022 | 31 Mar 2022 | 25.43B | -5.11% | 12.55B | -12.89B | 1.65 |
| Q4 FY2021 | 31 Dec 2021 | 25.53B | -8.02% | 10.59B | -14.94B | 1.79 |
| Q3 FY2021 | 30 Sept 2021 | 25.60B | -10.97% | 10.56B | -15.04B | 2.13 |
| Q2 FY2021 | 30 Jun 2021 | 26.19B | -12.56% | 9.95B | -16.23B | 2.42 |
| Q1 FY2021 | 31 Mar 2021 | 26.80B | -15.25% | 8.08B | -18.72B | 3.75 |
| Q4 FY2020 | 31 Dec 2020 | 27.75B | -1.47% | 6.32B | -21.44B | 42.24 |
| Q3 FY2020 | 30 Sept 2020 | 28.75B | +8.64% | 9.24B | -19.51B | 5.14 |
| Q2 FY2020 | 30 Jun 2020 | 29.95B | +15.65% | 9.22B | -20.73B | 6.86 |
| Q1 FY2020 | 31 Mar 2020 | 31.62B | +22.79% | 9.46B | -22.16B | 9.58 |
| Q4 FY2019 | 31 Dec 2019 | 28.17B | +23.89% | 5.74B | -22.43B | 8.62 |
| Q3 FY2019 | 30 Sept 2019 | 26.46B | +13.57% | 4.54B | -21.93B | 4.76 |
| Q2 FY2019 | 30 Jun 2019 | 25.89B | +14.01% | 4.80B | -21.10B | 5.88 |
| Q1 FY2019 | 31 Mar 2019 | 25.75B | +11.51% | 5.11B | -20.64B | 7.43 |
| Q4 FY2018 | 31 Dec 2018 | 22.74B | -8.28% | 5.04B | -17.70B | 7.53 |
| Q3 FY2018 | 30 Sept 2018 | 23.30B | +23.22% | 4.84B | -18.46B | 7.52 |
| Q2 FY2018 | 30 Jun 2018 | 22.71B | +25.66% | 4.93B | -17.78B | 9.76 |
| Q1 FY2018 | 31 Mar 2018 | 23.09B | +33.94% | 4.21B | -18.88B | 17.18 |
| Q4 FY2017 | 31 Dec 2017 | 24.79B | +50.04% | 4.07B | -20.72B | 24.94 |
| Q3 FY2017 | 30 Sept 2017 | 18.91B | +23.39% | 4.46B | -14.45B | 12.53 |
| Q2 FY2017 | 30 Jun 2017 | 18.07B | +25.81% | 4.60B | -13.47B | 14.53 |
| Q1 FY2017 | 31 Mar 2017 | 17.24B | +11.67% | 3.72B | -13.52B | 32.22 |
| Q4 FY2016 | 31 Dec 2016 | 16.52B | +11.57% | 4.57B | -11.96B | 40.80 |
| Q3 FY2016 | 30 Sept 2016 | 15.33B | +4.97% | 5.36B | -9.97B | 5.59 |
| Q2 FY2016 | 30 Jun 2016 | 14.37B | +9.23% | 5.67B | -8.69B | 5.47 |
| Q1 FY2016 | 31 Mar 2016 | 15.44B | +17.81% | 6.27B | -9.17B | 6.28 |
| Q4 FY2015 | 31 Dec 2015 | 14.81B | +31.24% | 4.73B | -10.08B | 6.00 |
| Q3 FY2015 | 30 Sept 2015 | 14.60B | +19.18% | 5.69B | -8.91B | 7.57 |
| Q2 FY2015 | 30 Jun 2015 | 13.15B | +11.06% | 6.22B | -6.93B | 6.74 |
| Q1 FY2015 | 31 Mar 2015 | 13.10B | +8.46% | 6.42B | -6.69B | 7.16 |
| Q4 FY2014 | 31 Dec 2014 | 11.28B | -0.54% | 3.28B | -8.00B | 5.27 |
| Q3 FY2014 | 30 Sept 2014 | 12.25B | -2.77% | 5.57B | -6.68B | 2.18 |
| Q2 FY2014 | 30 Jun 2014 | 11.84B | -0.68% | 4.60B | -7.24B | 2.13 |
| Q1 FY2014 | 31 Mar 2014 | 12.08B | -4.61% | 7.04B | -5.05B | 1.93 |
| Q4 FY2013 | 31 Dec 2013 | 11.35B | -14.76% | 5.25B | -6.10B | 1.75 |
| Q3 FY2013 | 30 Sept 2013 | 12.60B | -16.04% | 6.65B | -5.95B | 3.46 |
| Q2 FY2013 | 30 Jun 2013 | 11.92B | -8.45% | 6.19B | -5.73B | 3.30 |
| Q1 FY2013 | 31 Mar 2013 | 12.67B | +5.57% | 7.33B | -5.33B | 3.14 |
| Q4 FY2012 | 31 Dec 2012 | 13.31B | +19.61% | 7.92B | -5.39B | 2.86 |
| Q3 FY2012 | 30 Sept 2012 | 15.01B | +21.00% | 9.02B | -5.99B | 1.99 |
| Q2 FY2012 | 30 Jun 2012 | 13.02B | +7.09% | 7.32B | -5.70B | 1.70 |
| Q1 FY2012 | 31 Mar 2012 | 12.00B | -0.50% | 6.08B | -5.92B | 1.62 |
| Q4 FY2011 | 31 Dec 2011 | 11.13B | +2.60% | 4.28B | -6.85B | 1.58 |
| Q3 FY2011 | 30 Sept 2011 | 12.40B | +28.62% | 5.45B | -6.95B | 1.59 |
| Q2 FY2011 | 30 Jun 2011 | 12.16B | +18.63% | 5.64B | -6.52B | 1.47 |
| Q1 FY2011 | 31 Mar 2011 | 12.06B | +21.14% | 5.44B | -6.61B | 1.48 |
| Q4 FY2010 | 31 Dec 2010 | 10.85B | +13.92% | 4.08B | -6.77B | 1.36 |
| Q3 FY2010 | 30 Sept 2010 | 9.64B | -6.43% | 3.75B | -5.89B | 1.14 |
| Q2 FY2010 | 30 Jun 2010 | 10.25B | -5.81% | 4.01B | -6.24B | 1.30 |
| Q1 FY2010 | 31 Mar 2010 | 9.95B | -17.62% | 3.12B | -6.84B | 1.32 |
| Q4 FY2009 | 31 Dec 2009 | 9.52B | -3.55% | 2.10B | -7.42B | 1.25 |
| Q3 FY2009 | 30 Sept 2009 | 10.31B | -5.97% | 2.79B | -7.52B | 1.48 |
| Q2 FY2009 | 30 Jun 2009 | 10.88B | +0.27% | 3.35B | -7.54B | 1.60 |
| Q1 FY2009 | 31 Mar 2009 | 12.08B | +23.27% | 4.35B | -7.74B | 1.78 |
| Q4 FY2008 | 31 Dec 2008 | 9.87B | -10.41% | 1.05B | -8.82B | 1.46 |
| Q3 FY2008 | 30 Sept 2008 | 10.96B | +135.12% | 1.76B | -9.20B | 0.99 |
| Q2 FY2008 | 30 Jun 2008 | 10.85B | +136.57% | 1.69B | -9.17B | 0.98 |
| Q1 FY2008 | 31 Mar 2008 | 9.80B | +138.20% | 1.48B | -8.32B | 0.85 |
| Q4 FY2007 | 31 Dec 2007 | 11.02B | +167.69% | 2.60B | -8.41B | 0.90 |
| Q3 FY2007 | 30 Sept 2007 | 4.66B | -2.14% | 2.00B | -2.66B | 0.30 |
| Q2 FY2007 | 30 Jun 2007 | 4.59B | +26.67% | 2.12B | -2.47B | 0.30 |
| Q1 FY2007 | 31 Mar 2007 | 4.12B | +10.06% | 2.40B | -1.72B | 0.27 |
| Q4 FY2006 | 31 Dec 2006 | 4.12B | +3.42% | 1.98B | -2.13B | 0.27 |
| Q3 FY2006 | 30 Sept 2006 | 4.76B | -5.35% | 2.24B | -2.52B | 0.28 |
| Q2 FY2006 | 30 Jun 2006 | 3.62B | -12.15% | 2.85B | -772.00M | 0.21 |
| Q1 FY2006 | 31 Mar 2006 | 3.74B | -7.70% | 3.13B | -608.00M | 0.22 |
| Q4 FY2005 | 31 Dec 2005 | 3.98B | -10.52% | 3.04B | -939.00M | 0.24 |
| Q3 FY2005 | 30 Sept 2005 | 5.03B | +33.79% | 3.91B | -1.13B | 0.30 |
| Q2 FY2005 | 30 Jun 2005 | 4.12B | +3.41% | 5.50B | 1.38B | 0.25 |
| Q1 FY2005 | 31 Mar 2005 | 4.05B | +2.40% | 5.23B | 1.18B | 0.25 |
| Q4 FY2004 | 31 Dec 2004 | 4.45B | +16.35% | 5.20B | 749.00M | 0.27 |
| Q3 FY2004 | 30 Sept 2004 | 3.76B | -7.59% | 4.57B | 810.00M | 0.24 |
| Q2 FY2004 | 30 Jun 2004 | 3.99B | -2.02% | 4.94B | 950.00M | 0.26 |
| Q1 FY2004 | 31 Mar 2004 | 3.96B | -2.68% | 4.61B | 656.00M | 0.26 |
| Q4 FY2003 | 31 Dec 2003 | 3.82B | -16.93% | 2.07B | -1.76B | 0.26 |
| Q3 FY2003 | 30 Sept 2003 | 4.07B | -16.08% | 4.14B | 66.00M | 0.30 |
| Q2 FY2003 | 30 Jun 2003 | 4.07B | -16.14% | 3.37B | -696.00M | 0.31 |
| Q1 FY2003 | 31 Mar 2003 | 4.07B | -18.59% | 3.02B | -1.05B | 0.32 |
| Q4 FY2002 | 31 Dec 2002 | 4.60B | -10.92% | 3.01B | -1.59B | 0.37 |
| Q3 FY2002 | 30 Sept 2002 | 4.85B | -1.32% | 2.65B | -2.20B | 0.44 |
| Q2 FY2002 | 30 Jun 2002 | 4.85B | +7.11% | 2.43B | -2.42B | 0.45 |
| Q1 FY2002 | 31 Mar 2002 | 4.99B | +23.22% | 2.03B | -2.97B | 0.49 |
| Q4 FY2001 | 31 Dec 2001 | 5.17B | +43.34% | 1.62B | -3.55B | 0.50 |
| Q3 FY2001 | 30 Sept 2001 | 4.92B | +50.31% | 2.49B | -2.42B | 0.51 |
| Q2 FY2001 | 30 Jun 2001 | 4.53B | +41.70% | 3.14B | -1.39B | 0.46 |
| Q1 FY2001 | 31 Mar 2001 | 4.05B | +26.78% | 2.63B | -1.43B | 0.43 |
| Q4 FY2000 | 31 Dec 2000 | 3.60B | +48.68% | 879.00M | -2.73B | 0.37 |
| Q3 FY2000 | 30 Sept 2000 | 3.27B | — | 3.59B | 322.00M | 0.35 |
| Q2 FY2000 | 30 Jun 2000 | 3.20B | — | 4.66B | 1.46B | 0.35 |
| Q1 FY2000 | 31 Mar 2000 | 3.20B | — | 4.18B | 982.00M | 0.36 |
| Q4 FY1999 | 31 Dec 1999 | 2.42B | — | 4.20B | 1.78B | 0.19 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about United Parcel Service's debt
Source: Financial Modeling Prep