USPS: Third-quarter financial results reported 

The Postal Service has reported its financial results for fiscal year 2021’s third quarter (April 1-June 30). Here are some highlights: • Revenue. Total operating revenue was approximately $18.5 billion, up 4.8 percent compared with the same quarter one year earlier. First-Class Mail revenue increased 1 percent, while Marketing Mail revenue increased 42.2 percent. Revenue…

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PRC Releases Analysis of Postal Service Finances in FY 2020

Press Release – April 26, 2021 Washington, DC – The Postal Regulatory Commission (Commission) today released its Financial Analysis, an examination of the U.S. Postal Service’s (Postal Service) financial results and 10-K Statements for Fiscal Year (FY) 2020. Despite an increase in Competitive products revenue, the Commission’s overall analysis supports the conclusion that the Postal…

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USPS: First-quarter financial results reported

The Postal Service has reported its financial results for fiscal year 2021’s first quarter (Oct. 1-Dec. 31, 2020). Here are some highlights: • Revenue. Total revenue was $21.5 billion, up 11.1 percent from the same period one year earlier. Despite record election-related mail during the quarter, revenue from mail services dropped, the result of the…

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USPS CFO reviews first-quarter financial results

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest financial results in a “Dollars and Change” video released this week. During fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019), USPS recorded total revenue of $19.4 billion and total operating expenses of $20.1 billion, leaving the organization with a net loss of $748 million….

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USPS: First-quarter financial results reported for FY 2020

The Postal Service has reported its financial results for fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019). Here are some highlights: • Revenue. Total revenue was $19.4 billion, down 1.8 percent from the same period one year earlier. First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Shipping and packages…

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USPS: CFO Corbett reviews latest financial results (video)

In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results from fiscal 2019’s third quarter (April 1-June 30). USPS recorded total revenue of $17.1 billion and operating expenses of $19.3 billion, leaving the organization with a net loss of $2.3 billion. The net loss was driven by…

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USPS: Third-quarter financial results reported

The Postal Service has reported its financial results for fiscal 2019’s third quarter (April 1-June 30). Here are some highlights: • Revenue. Total revenue was $17.1 billion, essentially flat from the same period one year earlier. First-Class Mail revenue declined 1.6 percent, while Marketing Mail revenue declined 3 percent and Periodicals revenue declined 11.2 percent….

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USPS Reports Second Quarter Fiscal 2019 Results

The Postal Service has reported its financial results for fiscal 2019’s second quarter (Jan. 1- March 31). Here are some highlights: • Revenue. Total revenue was $17.5 billion, essentially flat from the same period one year earlier. First-Class Mail revenue declined 3.3 percent, while Marketing Mail revenue declined 3.9 percent. Shipping and packages revenue increased…

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