UPS Revenue

Business / By Gennaro Cuofano / March 21, 2023 March 21, 2023

UPS experienced a revenue growth of approximately 3.1% from 2018 to 2019, increasing from $71.86 billion to $74.09 billion.
In 2020, the revenue showed a significant increase of 14.2% to $84.63 billion compared to the previous year.
The upward trend continued in 2021, with revenue growing by 15% to reach $97.29 billion.
In 2022, revenue increased by 3.1% to $100.33 billion, continuing the positive growth trend over the years.

In the US Domestic segment, UPS experienced revenue growth from $53.5 billion in 2020 to $60.32 billion in 2021, an increase of 12.8%. The growth continued in 2022, with revenue reaching $64.2 billion, an increase of 6.5% compared to the previous year.
For International Package, revenue increased by 22.6% from $15.94 billion in 2020 to $19.54 billion in 2021. In 2022, revenue showed a slight increase of 0.8% to $19.7 billion.
In the Supply Chain Solutions segment, revenue grew by 14.8% from $15.18 billion in 2020 to $17.43 billion in 2021. However, in 2022, revenue decreased by 5.7% to $16.43 billion.

In 2022, the US Domestic segment contributed 64% of the total revenue, generating $64,209 million.
The International Package segment accounted for 19.6% of the total revenue in 2022, amounting to $19,698 million.
The Supply Chain Solutions segment contributed 16.4% to the total revenue in 2022, with a revenue of $16,431 million.

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FedEx Revenue

fedex-revenue — In 2019, FedEx experienced a revenue growth of approximately 7.2% compared to 2018, increasing from $65 billion to $69.69 billion. Despite a slight decrease in 2020 to $69.22 billion, FedEx saw a substantial revenue growth of 21.3% in 2021, reaching $83.96 billion. The positive trend continued in 2022, with revenue increasing by 11.4% to $93.51 billion, showing consistent growth over the years except for 2020.

FedEx Net Income

fedex-profits — FedEx experienced a significant drop in net income from $4.57 billion in 2018 to $0.540 billion in 2019, representing a decrease of approximately 88.2%. In 2020, net income rebounded to $1.28 billion, showing an increase of 137% compared to the previous year. The upward trend continued in 2021, with net income surging to $5.23 billion, which is a 308% increase compared to 2020. However, in 2022, net income decreased to $3.82 billion, a decline of around 27% compared to the previous year.

FedEx Employees

fedex-employees — Between 2019 and 2020, FedEx experienced an increase in the number of employees, with a growth of 2.5% from 239,000 to 245,000. In 2021, the company saw a more significant increase in employees, growing by 18% to reach 289,000. The upward trend in employee numbers continued in 2022, with an increase of 19.4%, bringing the total number of employees to 345,000.

FedEx Revenue Per Package

fedex-revenue-per-package-us — FedEx’s revenue per package experienced a slight increase of 0.8% from 2018 to 2019, growing from $18.40 to $18.54. In 2020, revenue per package decreased by 1.3% to $18.30 compared to the previous year. The downward trend continued in 2021, with a decrease of 2.8% to $17.79 compared to 2020. However, in 2022, revenue per package increased substantially by 13.3% to $20.15, reversing the previous downward trend.

UPS Revenue

ups-revenue — UPS experienced a revenue growth of approximately 3.1% from 2018 to 2019, increasing from $71.86 billion to $74.09 billion. In 2020, the revenue showed a significant increase of 14.2% to $84.63 billion compared to the previous year. The upward trend continued in 2021, with revenue growing by 15% to reach $97.29 billion. In 2022, revenue increased by 3.1% to $100.33 billion, continuing the positive growth trend over the years.

UPS Profits

ups-profits — In 2019, UPS’s net income decreased by 7.3% compared to 2018, falling from $4.79 billion to $4.44 billion. The net income experienced a more significant drop in 2020, decreasing by 69.8% to $1.34 billion compared to the previous year. A substantial rebound occurred in 2021, with net income surging to $12.89 billion, representing an increase of 861% compared to 2020. In 2022, the net income decreased slightly to $11.55 billion, representing a decline of around 10.4% compared to the previous year.

UPS Cost Structure

ups-cost-structure — For the U.S. Domestic Package segment, the revenue in 2022 was $64.2 billion, with an operating profit of $6.99 billion. In the International Package segment, the 2022 revenue was $19.7 billion, while the operating profit reached $4.3 billion. In the Supply Chain Solutions segment, the revenue for 2022 was $16.43 billion, with an operating profit of $1.77 billion.

UPS Average Revenue Per Piece

ups-average-revenue-per-piece — In 2019, UPS’s average revenue per piece (ARP) slightly decreased by 0.3% compared to 2018, moving from $9.86 to $9.83. The ARP experienced a small increase of 0.9% in 2020, rising to $9.92 compared to the previous year. In 2021, the ARP saw a more significant growth of 11.5%, reaching $11.06 compared to 2020. In 2022, the growth trend continued, with the ARP increasing by 9.5% to $12.11 compared to the previous year, indicating an upward trend in the average revenue per piece.

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About The Author

Gennaro Cuofano

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.