UPS reported full year 2025 results with revenue growth of 3.4%. Average daily volume increased in 2025, with domestic volume up 1.4% and export volume rising 3.5%, driven primarily by gains in Europe, the Middle East, and Africa. Growth was partially offset by declines in China-to-U.S. trade lane volume following U.S. trade policy changes in the second quarter. Transformation strategy costs totaled USD 141 million in 2025, up from USD 77 million in the prior year, while goodwill and asset impairment charges reached USD 45 million. The company also recorded a reversal of income tax valuation allowance of USD 109 million. UPS achieved revenue growth despite a complex macro environment, with ongoing investments in network reconfiguration and efficiency initiatives.

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