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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Other Income (Expense)
The following table sets forth investment income and other and interest expense 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 | $ | % | |
| Investment Income and Other | $103 | $78 | $25 | 32.1% | $226 | $157 | $69 | 43.9% |
| Goodwill and Asset Impairment Charges | — | — | — | —% | — | 19 | (19) | (100.0)% |
| Non-GAAP Adjusted Investment Income and Other | 103 | 78 | 25 | 32.1% | 226 | 176 | 50 | 28.4% |
| Interest Expense | (272) | (238) | (34) | 14.3% | (538) | (460) | (78) | 17.0% |
| Total Other Income (Expense) | $(169) | $(160) | $(9) | 5.6% | $(312) | $(303) | $(9) | 3.0% |
| Non-GAAP Adjusted Total Other Income (Expense) | $(169) | $(160) | $(9) | 5.6% | $(312) | $(284) | $(28) | 9.9% |
Investment Income and Other
Investment income and other increased $25 million for the quarter ($69 million year to date), primarily driven by higher pension income, partially offset by lower interest rates and fees associated with our accounts receivable factoring program. Pension income increased due to higher expected returns on pension assets, partially offset by increased interest cost related to overall plan growth and changes in demographic assumptions. For additional information on our factoring program, see note 3 to the unaudited, consolidated financial statements.
For the 2025 year-to-date period, investment income and other 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 $50 million.
Interest Expense
Interest expense increased $34 million for the quarter ($78 million year to date), primarily due to higher average outstanding debt balances and higher interest cost on finance leases.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.