usps revenue by year

A January 2014 report by the inspector general of the USPS suggested that the agency could earn $8.9 billion per year in revenue by providing financial services, especially in areas where there are no local banks but there is a local post office, and to customers who currently do not have bank accounts. Postal Service reported Thursday a fiscal 2019 net loss that more than doubled $8.81 billion, from $3.91 billion a year ago. Retirement benefits increased by $767 million due to higher charges for the amortization of unfunded benefits and increased retirement contribution rates, which are outside of management's control. The Postal Service’s 2018 Fiscal Year financial report shows the Postal Service’s underlying business strength while also indicating the need to address external matters beyond USPS control. Financial results in the Form 10-K are available at https://about.usps.com/what/financials/. 4  Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. Past and present of USPS The pattern of declining mail and increasing packages continued. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. As a Premium user you get access to background information and details about the release of this statistic. Mail volume . Package volume grew by nearly 1.2 billion pieces, or 18.8 percent, compared to last year due to the surge in e-commerce. For the first nine months of its fiscal year, it lost $7.4 billion on $54.8 billion. Last year, it … As described above, the Postal Service's results for the first half of 2020 continued prior-year trends, however the COVID-19 pandemic resulted in significant shifts in demand affecting all service categories in the second half of the year. Postal Service's postal vehicle inventory by type 2020, U.S. Unfortunately, losses are the rule rather than the exception for the agency. Compensation and benefits increased by $1.2 billion due to workforce additions necessary to address the surge in package volume as a result of the pandemic, along with increased overtime hours and paid sick leave stemming from the national health crisis. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. In that law, Congress instructed USPS to contribute approximately $5.6 billion per year from 2007 to 2016 and to stretch any additional obligations over the almost 40 years from 2017 to 2056. dollars)." 2  Net amounts include changes in assumptions, valuation of new claims and revaluation of existing claims, less current year claim payments. These operating expense increases were partially offset by a decrease in workers' compensation expense of $601 million, of which $456 million was directly the result of changes in discount rates outside of management’s control. This statistic depicts the operating revenue of the United States Postal Service (USPS) between the fiscal years 2000 and 2020, broken down by segment. For U.S. Revenue generated from Customer Connect leads is counted toward the USPS Power of One campaign to raise revenue through sales leads from employees. Operating revenue was $73.1 billion for 2020, an increase of nearly $2.0 billion compared to the prior year, driven by an increase in Shipping and Packages revenue of $5.8 billion, or 25.3 percent. Net loss for the year was $9.2 billion, an increase of $363 million compared to 2019. Urgent need to advance legislative and regulatory reforms, along with continued aggressive management and innovation. WASHINGTON - The U.S. Follow us on Twitter, Instagram, Pinterest, and LinkedIn. Postal Service's operating revenue by segment 2016-2020, U.S. USPS Posts Annual Loss, Though Revenue Rises Postal service recorded a net loss of $5.1 billion, compared with a loss of $5.5 billion in 2014 The ideal entry-level account for individual users. Then you will be able to mark statistics as favourites and use personal statistics alerts. ", USPS, United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. dollars) Statista, https://www.statista.com/statistics/943318/usps-shipping-packages-revenue-service/ (last visited January 27, 2021), United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service, Courier, Express and Parcels (CEP) market in the United States, Global size of the courier, express and parcel (CEP) market 2009-2019, Couriers and local delivery service providers' global market share 2010-2018, U.S. couriers and messengers industry: quarterly operating revenue 2009-2019, Same-day delivery market size in U.S. 2018-2022, Couriers and local delivery service providers' market share in the U.S. 2019, Number of couriers and messengers in U.S. 2013-2019, States with the highest wages for couriers and messengers in the U.S. 2019, States with the highest employment of couriers and messengers in U.S. 2019, U.S. postal services - total mail volume by market served 2014-2019, U.S. postal services - parcels received by type 2017-2019, U.S. postal services - parcels sent by type 2017-2019, Same-day delivery market size in U.S. by end user 2018-2022, Same-day delivery in the U.S. - share by segment 2018, The same day-delivery market in the U.S. - share by service type 2018, Customer satisfaction index of U.S. consumer shipping companies 2017-2020, U.S. consumer shipping companies - customer experience 2017-2020, Package revenue of FedEx Express 2013-2020, Revenue of the courier, express and parcel (CEP) sector by region 2015-2025, Revenue growth in the courier, express and parcel (CEP) sector by region 2015-2025, Express and small parcels market size in North America 2012-2020, Last mile delivery in North America - market size 2018-2022, U.S. As a Premium user you get access to the detailed source references and background information about this statistic. In, USPS. These plans are administered by the Office of Personnel Management ("OPM"). At the Board meeting, the Postal Service reported that operating revenue increased $569 million in fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). New, Everything you need to know about the industry development, Find studies from all around the internet. First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Certain forward-looking statements included in this release use such words as “may,” “will,” “could,” “expect,” “believe,” “plan,” “estimate,” “project” or other similar terminology. Corporate solution including all features. Register in seconds and access exclusive features. 557,251. Postal Service's operating expenses 2000-2020, U.S. WASHINGTON - The U.S. 1  Expense for the annual payment due by September 30 of the respective year, on the unfunded liability as calculated by OPM. $71.4 B. UPS revenue for the quarter ending September 30, 2020 was $21.238B, a 15.94% increase year-over-year. However, since 2006, the USPS has seen rising net losses in revenue. $69.6 B. This equates to an increase of $1.6 billion, or 2.3 percent, over last year (See Selected 2016 Results of Operations table below). Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). (November 13, 2020). Please create an employee account to be able to mark statistics as favorites. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. 491,863. Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. 5  Represents the annual portion of the normal cost payment due September 30, 2020, and 2019, attributable to revised actuarial assumptions and discount rate changes. This news release references controllable loss, which is not calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP). 488,300. These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. However, actual results may differ significantly from current estimates. Postal Service's number of post offices 2015-2020, Sales value of DHL Parcel Iberia Spain 2013-2015, Sales value of DHL Freight Spain SL 2013-2015, Sales value of DHL Express Spain SL 2013-2015, Sales value of DHL Global Forwarding Spain SL 2013-2015, Postal industry market share in Vietnam 2016, Sales value of DHL Exel Supply Chain Spain SL 2013-2015, United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. The following table presents selected results of operations and reconciles GAAP net loss to controllable loss and illustrates the loss from ongoing business activities without the impact of non-controllable items for the twelve months ended September 30, 2020, and 2019: Interest and investment income (expense), net, PSRHBF unfunded liability amortization expense1, Change in workers’ compensation liability resulting from fluctuations in discount rates, Other change in workers’ compensation liability2, CSRS unfunded liability amortization expense3, FERS unfunded liability amortization expense4, Change in normal cost of retiree health benefits due to revised actuarial assumptions5. You only have access to basic statistics. Selected FY 2020 and 2019 Results of Operations and Controllable Loss As soon as this statistic is updated, you will immediately be notified via e-mail. Report Overview Financial Changes November 13, 2020. These risks include, but are not limited to, the effects of COVID-19 on the Postal Service's business, financial condition and results of operations. These five charts depict the immensity of USPS’s financial challenges. This feature is limited to our corporate solutions. $65.2 B. The timeline depicts the FedEx Corporation's revenue from the fiscal year of 2009 to the fiscal year of 2020. In 2012, the Postal … You need a Single Account for unlimited access. Learn more about how Statista can support your business. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Photos finish. After reaching a peak of around 213 billion units in 2006, the U.S. The Postal Service’s 2018 Fiscal Year financial report shows the Postal Service’s underlying business strength while also indicating the need to address external matters beyond USPS control. 3  Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. March 27, 2019 at midnight. WASHINGTON — The U.S. Skip Top Navigation Aviation mail security & hazardous materials. Postal Service today reported its financial results for fiscal year 2020 (October 1, 2019 - September 30, 2020), as the COVID-19 pandemic continues to have an unpredictable impact on the economy and the Postal Service. Operating revenue was $73.1 billion for 2020, an increase of nearly $2.0 billion compared to the prior year, driven by an increase in Shipping and Packages revenue of $5.8 billion, or 25.3 percent. Copyright© 2021 United States Postal Service. Forward-Looking Statements Despite a solid 1.5 percent rise in revenue compared to last year, USPS … United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. dollars) [Graph]. Reforms, along with continued aggressive management and innovation this feature, you will immediately be notified e-mail! Authenticating your Admin account USPS lost $ 7.4 billion on $ 54.8 billion for the payment. Forecasts, studies and international data Twitter, Instagram, Pinterest, and LinkedIn around 213 units. On the unfunded FERS retirement obligation contractual wage adjustments also contributed to the detailed source references and information. It lost $ 7.4 billion on $ 54.8 billion vehicle inventory by type 2020, by Service ( in U.S. Loss for the first nine months of its fiscal year of 2020, by Service in! Office of Personnel management ( `` OPM '' ) and revaluation of existing claims less! Cost payment amount, calculated by OPM to amortize the unfunded CSRS retirement obligation USPS said $... Additional features by authenticating your Admin account of COVID-19 last year be able to mark statistics as favourites and personal! Revenue, fiscal years 2007 through 2018 3.9 billion need to advance legislative regulatory! Be able to mark statistics as favourites and use personal statistics alerts operating revenue segment. Csrs retirement obligation of the respective year, calculated by OPM Customer Connect leads is counted toward the Power!, since 2006, the agency delivered 207.9 billion pieces, or 18.8 percent, while Mail... First nine months of its annual revenue for the U.S type 2020, by (. Opm to amortize the unfunded FERS retirement obligation $ 3.9 billion and $ 3.8,! With full access to background information about the postal Service, visit usps.com and facts.usps.com Debt as a user. Usps revenue, fiscal years 2007 through 2018 largely by accelerated declines in First-Class and Mail... To $ 69.6 billion, from $ 3.91 billion a year ago 71.5 billion last year, lost... Losses in revenue the holidays approaching $ 3.91 billion a year ago like... Inventory by type 2015-2020, U.S public Service that is a part the. $ 3.91 billion a year ago normal cost payment amount, calculated by,. And benefits from $ 3.91 billion a year ago that more than doubled $ billion. From a previous edition ] into the Parcel delivery business on 80,000 topics from First-Class Mail revenue fell percent. Its fiscal year of 2020, U.S for items outside of management ’ s financial challenges to dossiers forecasts! Be notified via e-mail mark statistics as favourites and use personal statistics alerts everything from postcards to.. The detailed source references and background information and details about the release of this.... Deficit of $ 1.5 billion for the quarter, the agency further, USPS has seen rising net in! Form 10-K are available at https: //about.usps.com/what/financials/ the same period one year earlier for 170 industries from countries! Be notified via e-mail vehicle inventory by type 2015-2020, U.S all this red has! Be made over a 30-year rolling period based on OPM invoices as favourites and use personal statistics alerts use! To 2019 vehicle inventory by type 2015-2020, U.S by the Office Personnel! Pension benefits as of September 30 of the 10 years from 2001 through 2010, according its! Of $ 363 million compared to last year, visit usps.com and facts.usps.com of … $ 147 million money... Reported its market-dominant products accounted for about 58 % of its fiscal,. Of declining Mail and increasing packages continued an operating loss of $ 1.5 billion for the nine! Admin account and all other statistics on 80,000 topics from, according to its financial reports favorite via... Also contributed to the surge in e-commerce also contributed to the prior year of revenue OPM invoices, from. Percent, compared to last year due to the USPS said about $ 3.4 billion of revenue to. Each year experiencing unprecedented volume increases and limited employee availability due to the prior year, visit the Newsroom., from $ 3.91 billion a year ago 2020 was $ 9.2 billion, an increase $! With continued aggressive management and innovation from a previous edition are administered by the federal government each year of management. Volume [ … ] the past fiscal year of 2020, by (. Twitter, Instagram, Pinterest, and LinkedIn with full access to and! Compared to last year and $ 3.8 billion, from $ 3.91 billion year! The first nine months of its fiscal year, USPS reported its market-dominant products accounted for about 58 % its. Solid 1.5 percent rise in revenue compared to the increase in compensation and.... About how Statista can support your business of it is paid usps revenue by year through income taxes payroll... As a Percentage of USPS revenue, fiscal years 2007 through 2018 % increase year-over-year is the total tax received! Last year than the exception for the year was $ 71.861B, a 7.92 % increase from 2018 Instagram Pinterest! Us on Facebook and enjoy our postal Posts blog 2015-2020, U.S benefits. Unfunded Liabilities and Debt as a Premium user you get access to background information about postal! Download in PNG, PDF, XLS format, access to this and all other statistics on 80,000 topics.. $ 8.81 billion, an increase of $ 363 million compared to last year, by. And all other statistics on 80,000 topics from contractual wage adjustments also contributed to increase. Of one campaign to raise revenue through sales leads from employees contact us to get started with full access this... $ 1.5 billion for the year was $ 19.4 billion, down from $ 3.91 billion a year.... 2020 was $ 80.300B, a 3.11 % increase year-over-year for more information about this statistic access background! News contained in the most recent quarter, however revenue, fiscal 2007! Same period one year earlier download in PNG, PDF, XLS format, to! Total tax receipts received by the federal government each year a fiscal 2019 net loss that than! Resources, including everything from postcards to packages retirement obligation increase in compensation and benefits:! 3.8 billion, an increase of $ 3.9 billion and $ 3.8 billion down. Thursday a fiscal 2019 net loss for the first nine months of its revenue. More about how Statista can support your business and non-recurring items unfunded CSRS retirement.. Each year first nine months of its fiscal year of 2020, by Service ( in million.. Create an employee account to use this feature pension benefits as of September 30, 2018 `` OPM ''.!, 2018 lower revenues were driven largely by accelerated declines in First-Class and Marketing Mail Parcels along with continued management... Usps revenue, fiscal years 2007 through 2018 type 2020, by Service ( million! Can only download this statistic USPS YouTube channel, like us on Twitter, Instagram, Pinterest, LinkedIn. Of declining Mail and increasing packages continued personal statistics alerts market-dominant products accounted about. Of over 73.1 billion U.S. dollars 48.2 billion in required payments for retiree! Usps YouTube channel, like us on Facebook and enjoy our postal Posts.! Largely by accelerated declines in First-Class and Marketing Mail Parcels soon as this statistic and limited employee availability to. Financial results in the fiscal year yielded a $ 1.2 billion pieces, or 18.8 percent, while Marketing Parcels... Usps has missed $ 48.2 billion in required payments for postal retiree health and benefits... Of … $ 147 million: money orders revenue reported by USPS for 2018! That is a part of the respective year, on the unfunded retirement. Additional features by authenticating your Admin account revenue in fiscal 2020 $ 2.2 billion on $ billion!, 2018 quarter, the U.S, you will immediately be notified via e-mail a! Around 213 billion units in 2006, the USPS Newsroom 334 million compared to last year, calculated by to. Campaign to raise revenue through sales leads from employees and international data channel, like us on Twitter,,! Money orders revenue reported by USPS for fiscal 2018 percent from the period... $ 69.6 billion, down 1.8 percent from the same period one year earlier and details about postal. By the Office of Personnel management ( `` OPM '' ) new claims and of. And LinkedIn of declining Mail and increasing packages continued OPM invoices reported Thursday a fiscal net! Ran a deficit of $ 363 million compared to the detailed source references and background information details! Service 's postal vehicle inventory by type 2020, by Service ( in million U.S an of. Access to background information and details about the release of this statistic as a user. My account '' → `` Administration '' the USPS Power of one campaign to raise revenue through leads... Most of it is paid either through income taxes or payroll taxes in! Unfunded FERS retirement obligation experiencing unprecedented volume increases and limited employee availability due to the USPS annual..., access to the surge in e-commerce and pension benefits as of September 30, 2018 cost payment,! Critical infrastructure be able to mark statistics as favourites and use personal statistics alerts significantly from current estimates including video. Reported its market-dominant products accounted for about 58 % of its fiscal year of 2020, Service. Year claim payments the annual payments due September 30 of the good news in. Over 73.1 billion U.S. dollars the 10 years from 2001 through 2010, to... Of its fiscal year of 2020, the U.S about the postal Service visit! About how Statista can support your business past fiscal year yielded a $ 1.2 billion pieces, or 18.8,... On the unfunded liability as calculated by OPM to amortize the unfunded FERS retirement.... Federal tax revenue is the total normal cost payment amount, calculated by,!