UNITED PARCEL SERVICE INC
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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Other Income (Expense)
The following table sets forth investment income and other and interest expense for the three months ended March 31, 2026 and 2025 (in millions):
| Three Months Ended March 31, · Change | ||||
|---|---|---|---|---|
| 2026 | 2025 | $ | % | |
| Investment Income and Other | $123 | $79 | $44 | 55.7% |
| Goodwill and Asset Impairment Charges | — | 19 | (19) | (100.0)% |
| Non-GAAP Adjusted Investment Income and Other | 123 | 98 | 25 | 25.5% |
| Interest Expense | (266) | (222) | (44) | 19.8% |
| Total Other Income (Expense) | $(143) | $(143) | $— | —% |
| Non-GAAP Adjusted Total Other Income (Expense) | $(143) | $(124) | $(19) | 15.3% |
Investment Income and Other
Investment income and other increased by $44 million. Investment income and other in the prior-year period included a $19 million asset impairment charge related to an equity method investment. Excluding the impact of this impairment, non-GAAP adjusted investment income and other increased by $25 million, primarily due to higher pension income, partially offset by lower interest rates and discount fees associated with our accounts receivable factoring program. Pension income increased primarily due to higher expected returns on pension assets, partially offset by an increase in interest cost as a result of overall plan growth and changes in demographic assumptions. For additional information on our factoring program, see note 3 to the unaudited, consolidated financial statements.
Interest Expense
Interest expense increased primarily due to higher average outstanding debt balances.
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