---
schema_version: "secwatch.filing_event.v1"
accession: "0001090727-23-000003"
form_type: "8-K"
ticker: "UPS"
cik: "0001090727"
company_name: "UNITED PARCEL SERVICE INC"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:54:30.450470+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UPS Q4 revenue down 2.7% to $27.0B; adjusted EPS up 0.8% to $3.62; dividend raised 6.6%

## Summary
- Consolidated revenue $27.0B (-2.7% YoY); GAAP diluted EPS $3.96; adjusted diluted EPS $3.62 (+0.8%).
- U.S. Domestic revenue $18.25B (+3.1%) on 7.2% higher revenue per piece; International revenue $4.95B (-8.3%) on weaker Asia trade.
- FY2023 guidance: revenue $97.0-$99.4B, adjusted operating margin 12.8%-13.6%, capex ~$5.3B.
- Dividend increased to $1.62/share (+6.6%); new $5B share repurchase authorization approved.
- Full-year 2022 free cash flow $9.0B; returned $8.6B to shareholders via dividends and buybacks.

## SEC filing metadata
- accession: 0001090727-23-000003
- form_type: 8-K
- ticker: UPS
- cik: 0001090727
- company_name: UNITED PARCEL SERVICE INC
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000003/0001090727-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000003/ups-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090727-23-000003
- JSON: https://secwatch.observer/filing/0001090727-23-000003.json
- Plain text: https://secwatch.observer/filing/0001090727-23-000003.txt

## Key facts
- Earnings Releases
  UNITED PARCEL SERVICE INC reported fourth quarter ended December 31, 2022 results: revenue $27.0 billion, EPS $3.96. Guidance initiated.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $27.0 billion
  - EPS: $3.96
  - Guidance: initiated
  - Result: reported results
  source text: UPS RELEASES 4Q 2022 EARNINGS • Consolidated Revenues of $27.0B, Down 2.7% from Last Year • Consolidated Operating Margin of 11.8%; Adjusted Consolidated Operating Margin of 14.1% • Diluted EPS of $3.96; Adjusted Diluted EPS Up 0.8% Over Last Year to $3.62 • Declares a Quarterly Dividend of $1.62, a Per Share Increase of 6.6%, and Authorizes a New $5B Share Repurchase Program, Replacing the Existing Authorization ATLANTA – January 31, 2023 – UPS (NYSE:UPS) today announced fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from the fourth quarter of 2021. Consolidated operating profit was $3.2 billion, down 17.9% compared to the fourth quarter of 2021, and down 3.3% on an adjusted basis. Diluted earnings per share were $3.96 for the quarter; adjusted diluted earnings per share of $3.62 were 0.8% above the same period in 2021. For the fourth quarter of 2022, GAAP results include a net benefit of $299 million, or $.34 per diluted share, comprised of a non-cash, af
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000003/0001090727-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.