The Postal Service has announced its financial results for fiscal year 2025’s third quarter (April 1-June 30). Here are some highlights:
• Revenue. Total operating revenue was $18.8 billion, essentially flat compared with the same quarter the previous fiscal year. First-Class Mail revenue decreased 1.4 percent, while Marketing Mail revenue decreased 0.8 percent. Shipping and packages revenue increased 0.8 percent.
• Volume. Total volume was 25.8 billion pieces, down 2.8 percent compared with the same quarter one year ago. First-Class Mail volume declined 5.4 percent, while Marketing Mail volume increased 0.5 percent. Shipping and packages volume declined 6.5 percent.
• Expenses. Under generally accepted accounting principles, total operating expenses were $22 billion for the quarter, an increase of 2.9 percent compared with the same quarter one year ago. The overall increase in operating expenses was primarily because of inflationary effects on compensation costs — including workers’ compensation — and other operating costs.
• Net loss. Net loss for the quarter totaled $3.1 billion, compared with a net loss of $2.5 billion for the same quarter last year. Results for the quarter were affected by unfavorable noncash workers’ compensation adjustments of $237 million, due to actuarial revaluation and discount rate change factors that are not controllable by the Postal Service, increased compensation and benefits expense of $360 million, and higher other operating expenses of $205 million.
“The Postal Service continues to play an important role in the American economy and society, and in the daily lives of the American public, as it has for 250 years,” said Postmaster General David Steiner at his first USPS Board of Governors meeting since joining the Postal Service last month. “America needs a financially strong Postal Service to continue to meet the needs of the nation far into the future. To restore our financial strength, we must continue to evolve amid a changing business environment so that we can provide high-quality service at a reasonable cost. Growing our revenue and cutting our costs to serve is the only path to financial health.”
The Postal Service’s Aug. 7 news release has more information.
