Independent Auditor’s Report on the USPS Fiscal Year 2023 Reclassified Financial Statements

Opinion on the Reclassified Financial Statements We have audited the accompanying Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report – Reclassified Balance Sheet as of September 30, 2023, and the related GTAS Reconciliation Reports – Reclassified Statement of Net Cost and…

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USPS Reports Fiscal Year 2023 Results – Net loss totaled $6.5 billion

November 14, 2023 The Postal Service has reported its financial results for fiscal year 2023 (Oct. 1, 2022-Sept. 30, 2023). Here are the highlights: • Revenue. Total operating revenue was $78.2 billion, a decrease of 0.4 percent from the previous fiscal year. First-Class Mail revenue increased 2.1 percent, while Marketing Mail revenue decreased 5.8 percent. Shipping and…

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USPS third quarter financial results reported for FY 2023

August 8, 2023 The Postal Service has reported its financial results for fiscal year 2023’s third quarter (April 1-June 30). Here are some highlights: • Revenue. Operating revenue was $18.6 billion, a decrease of 0.9 percent compared with the same quarter one year earlier. First-Class Mail revenue increased 4 percent, while Marketing Mail revenue decreased…

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USPS finances: Second-quarter results reported

May 9, 2023 The Postal Service has reported its financial results for fiscal year 2023’s second quarter (Jan. 1-March 31, 2023). Here are some highlights: • Revenue. Total operating revenue was $19.3 billion, a decrease of 2.4 percent compared with the same quarter last fiscal year. First-Class Mail revenue increased 0.5 percent, and Marketing Mail…

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USPS: Financial results for the first quarter of fiscal year 2023

February 9, 2023 The Postal Service has reported its financial results for the first quarter of fiscal year 2023 (Oct. 1-Dec. 31, 2022). Here are some highlights: • Revenue. Operating revenue was $21.5 billion, an increase of 1 percent compared with the same quarter last fiscal year. Shipping and packages revenue increased 2.4 percent, and…

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