United Parcel Service Inc Class B

UPS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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UPS Earnings: Execution Uncertainty Elevated, but Cost Takeout Has Gained Traction

Matthew Young

Jul 28, 2026

UPS' second-quarter revenue flipped positive year over year (up 8%) driven by spiking fuel surcharges, favorable mix, and resilient core pricing. Domestic volumes were still down (Amazon drawdown), but declines are easing. Consolidated adjusted margin improved on domestic cost-takeout traction.

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United Parcel Service Inc Class B

UPS Earnings: Execution Uncertainty Elevated, but Cost Takeout Has Gained Traction

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