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…
November 10, 2022 The Postal Service has reported its financial results for fiscal year 2022 (Oct. 1, 2021-Sept. 30, 2022). Here are the highlights: • Revenue. Operating revenue was $78.5 billion, an increase of 1.9 percent from the previous fiscal year. First-Class Mail revenue increased 3.3 percent, and Marketing Mail revenue increased 9.7 percent. Shipping…
August 9, 2022 The Postal Service has reported its financial results for fiscal year 2022’s third quarter (April 1-June 30). Here are some highlights: • Revenue. Operating revenue was $18.7 billion, an increase of 1.4 percent compared with the same quarter one year earlier. First-Class Mail revenue was essentially flat, while Marketing Mail revenue increased…
May 5, 2022 The Postal Service has reported its financial results for fiscal year 2022’s second quarter (Jan. 1-March 31). Here are some highlights: • Revenue. Operating revenue was approximately $19.8 billion, an increase of 4.7 percent compared with the same quarter one year earlier. First-Class Mail revenue increased 5 percent, while Marketing Mail revenue…
March 7, 2022 The Postal Service’s performance during the holidays was a “solid victory,” Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. USPS accepted more than 11 billion mailpieces and packages for delivery from Thanksgiving through New Year’s Eve, the organization’s peak season, with an average delivery time of 2.7…
December 3, 2021 USPS reported mixed results for fiscal year 2021, but fully enacting the Delivering for America plan will help put the organization back in the black, Chief Financial Officer Joe Corbett says in his latest “Dollars and Change” video. For fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), total revenue was $77.1 billion,…
The Postal Service has reported its financial results for fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021). Here are some highlights: • Revenue. Operating revenue was $77 billion, an increase of 5.3 percent from the previous fiscal year. Shipping and packages revenue increased 12.2 percent, while Marketing Mail revenue increased 4.9 percent. First-Class Mail revenue…
May 26, 2021 A coronavirus pandemic-fueled surge in package deliveries has not been enough to offset the Postal Service’s increased operating costs and declining revenue from mail services, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. During fiscal year 2021’s second quarter (Jan. 1-March 31), the organization’s total revenue was…
