# United Parcel Service (UPS) recorded a slump in both profit and revenue for its fiscal first quarter.

*business · news · 2026-04-29 · Barchart*

## Key points

- Amazon now comprises less than 9% of UPS revenue, down from over 13% recently.
- Small and medium businesses made up a record 34.5% of UPS U.S. volume in Q1.
- UPS reported a 6.5% domestic and 10.7% international increase in revenue per piece.
- UPS remains on track for $3 billion in cost savings by 2026, reducing 25,000 positions year-over-year.
- CEO Carol Tomé indicated Q1 marks the trough, with profit growth expected next quarter.

**Companies:** Amazon, United Parcel Service
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1592097/as-ups-moves-away-from-amazon-deliveries-is-ups-stock-a-buy-sell-or-hold)

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