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July 27 , 2021 UPS Releases 2Q 2021 Earnings ups • Consolidated Revenues of $ 23.4B , Up 14.5 % from Last Year • Consolidated Operating Profit of $ 3.3B , Up 47.3 % from Last Year ; Up 40.8 % on an Adjusted * Basis • Diluted EPS of $ 3.05 , up 50.2 % from Last Year ; Adjusted Diluted EPS Up 43.7 % to $ 3.06 ATLANTA , July 27 , 2021 ( GLOBE NEWSWIRE ) -- UPS ( NYSE : UPS ) today announced second - quarter 2021 consolidated revenue of $ 23.4 billion , a 14.5 % increase over the second quarter of 2020. Consolidated operating profit was $ 3.3 billion , up 47.3 % compared to the second quarter of 2020 , and up 40.8 % on an adjusted basis . Diluted earnings per share were $ 3.05 for the quarter , 50.2 % above the same period in 2020 , and up 43.7 % on an adjusted basis . For the second quarter of 2021 , GAAP results include after - tax transformation and other charges of $ 11 million , equivalent to $ 0.01 per share . Also in the second quarter , the company completed its divestiture of UPS Freight on April 30. The sale triggered re measurement of certain U.S. pension and postretirement benefit plans . As a result , UPS pension and postretirement liabilities were lowered by $ 2.1 billion . The re - measurement had no meaningful impact to the company's consolidated second - quarter net earnings . Year - to date cash from operations was $ 8.5 billion , up 42.2 % compared to the same period in 2020 , with free cash flow of $ 6.8 billion , a 74.7 % increase above the first six months of 2020 . Revenue IR " I want to thank all UPSers for executing our strategy and delivering high service levels , which fueled record financial results in the second quarter , " said Carol Tomé , UPS chief executive officer . " Through our better not bigger framework , we are moving our world forward by delivering what matters . " U.S. Domestic Segment 2Q 2021 $ 14,402 M Adjusted 2Q 2021 2Q 2020 $ 13,074 M Adjusted 2Q 2020