Consolidated operating profit was $1.9 billion with an operating margin of 8.8%.
Consolidated revenue was $21.2 billion for Q2 2025.
Cost per piece increased 5.6% primarily due to Ground Saver delivery expense and timing of employee attrition.
Diluted earnings per share were $1.55.
International revenue was $4.5 billion, up 2.6% year-over-year, with operating profit of $682 million and a 15.2% operating margin.
Revenue per piece increased 5.5%, driven by base rates, product mix, and fuel.
Supply Chain Solutions revenue was $2.7 billion, down $594 million mainly due to divestiture of Coyote; operating profit was $212 million with an 8% margin.
UPS paid $2.7 billion in dividends year-to-date.
U.S. domestic operating profit was $982 million with a 7% operating margin.
U.S. domestic revenue was $14.1 billion, slightly down due to Amazon volume decline but offset by air cargo and revenue per piece increases.
Year-to-date cash from operations was $2.7 billion, free cash flow was $742 million.
EPS was $4.72, down 35 cents from last year, with 25 cents of headwinds including pension amortization and legal payment impacts.
Financial services operating earnings were $68.2 million, down 2.8% from $70.2 million last year.
Gross margin was 50.5%, down 10 basis points, with 50 basis points unfavorable currency offset by RCI initiatives.
Operating income before financial services was $259.1 million, down 7.6% from last year, impacted by a $11.2 million nonrecurring legal benefit in 2024.
Operating income margin was 22%, down 180 basis points from last year, reflecting investments in product, brand, and people.
Segment results: Commercial & Industrial sales declined 7.6% organically; Tools Group sales up 1.6% organically; RSNI sales up 2.3% organically with margin improvement.
Snap-on reported second quarter sales of $1,179.4 million, flat year-over-year, with organic sales down 0.7% excluding $8.6 million favorable currency impact.
Dafinchi