What is UPS's plan for the upcoming holiday season?

UPS is positioned to run the most efficient peak season in its history while providing industry-leading service to its customers for the eighth consecutive year.

How many jobs has UPS cut as part of its turnaround plan?

UPS has cut 34,000 jobs, greater than its previous estimate of 20,000, as part of its plan to trim down its work with Amazon, previously its largest customer.

Home / Business and Economy / UPS Delivers Surprise Earnings Boost Ahead of Holiday Rush

UPS Delivers Surprise Earnings Boost Ahead of Holiday Rush

Q: What financial transaction has UPS initiated as part of its broader strategy?

UPS has initiated a $330 million pre-tax gain on sale in its supply chain solutions division through a sale-leaseback transaction for five properties.

28 Oct

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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

UPS Delivers Surprise Earnings Boost Ahead of Holiday Rush

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.

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