UNITED PARCEL SERVICE INC
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
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Income Tax Expense
The following table sets forth our income tax expense and effective tax rate for the three and six months ended June 30, 2026 and 2025, respectively (in millions):
| Three Months Ended June 30, · Change · Six Months Ended June 30, · Change | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · $ · % · 2026 · 2025 · $ · % | |||||||||||
| Income Tax Expense | $157 | $379 | $(222) | (58.6)% | $417 | $715 | $(298) | (41.7)% | |||
| Income Tax Impact of: | |||||||||||
| Transformation Strategy Costs | 281 | 17 | 264 | 294 | 31 | 263 | 848.4% | ||||
| Net Loss (Gain) on Divestiture | — | (5) | 5 | (100.0)% | — | 4 | (4) | (100.0)% | |||
| Reversal of Income Tax Valuation Allowance | — | 13 | (13) | (100.0)% | — | 23 | (23) | (100.0)% | |||
| Non-GAAP Adjusted Income Tax Expense | $438 | $404 | $34 | 8.4% | $711 | $773 | $(62) | (8.0)% | |||
| Effective Tax Rate | 20.6% | 22.8% | 22.1% | 22.4% | |||||||
| Non-GAAP Adjusted Effective Tax Rate | 22.7% | 23.5% | 22.8% | 23.0% | |||||||
For additional information on our income tax expense and effective tax rate, see note 15 to the unaudited, consolidated financial statements.
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