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UPS Delivers Surprise Earnings Boost Ahead of Holiday Rush
28 Oct
Summary
- UPS reports Q3 earnings topping Wall Street estimates
- Company cuts workforce by 34,000 as part of turnaround plan
- UPS initiates $330M property sale-leaseback transaction
On October 28, 2025, United Parcel Service (UPS) reported earnings that topped Wall Street's estimates ahead of the company's busy holiday season. Shares of the package delivery giant surged nearly 10% in premarket trading.
For the third quarter ended September 30, UPS reported net income of $1.31 billion, or $1.55 per share, compared to $1.99 billion, or $1.80 per share, in the prior year. Adjusting for one-time items, the company's profit was $1.48 billion or $1.74 per share.
As part of its previously announced turnaround plan, UPS also revealed that it had cut its workforce by 34,000 jobs, greater than its previous estimate of 20,000. The company is working to trim down its business with Amazon, previously its largest customer.
Additionally, UPS initiated a $330 million pre-tax gain on sale in its supply chain solutions division through a sale-leaseback transaction for five properties. "We are executing the most significant strategic shift in our company's history, and the changes we are implementing are designed to deliver long-term value for all stakeholders," said CEO Carol Tomé.
