# UNITED PARCEL SERVICE INC (UPS) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from UNITED PARCEL SERVICE INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/UPS/mda/fy2025/): filed 2026-02-17; accession 0001628280-26-008432 (https://www.sec.gov/Archives/edgar/data/1090727/000162828026008432/ups-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/UPS/mda/fy2024/): filed 2025-02-18; accession 0001090727-25-000019 (https://www.sec.gov/Archives/edgar/data/1090727/000109072725000019/ups-20241231.htm)
- [FY 2023 MD&A](/company/UPS/mda/fy2023/): filed 2024-02-20; accession 0001090727-24-000008 (https://www.sec.gov/Archives/edgar/data/1090727/000109072724000008/ups-20231231.htm)
- [FY 2022 MD&A](/company/UPS/mda/fy2022/): filed 2023-02-21; accession 0001090727-23-000006 (https://www.sec.gov/Archives/edgar/data/1090727/000109072723000006/ups-20221231.htm)
- [FY 2021 MD&A](/company/UPS/mda/fy2021/): filed 2022-02-22; accession 0001090727-22-000007 (https://www.sec.gov/Archives/edgar/data/1090727/000109072722000007/ups-20211231.htm)

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