January 27, 2021

usps revenue by year

These adjustments include workers’ compensation expenses caused by actuarial revaluation and discount rate changes, and the amortization of the Postal Service Retiree Health System ("PSRHBF"), the Civil Service Retirement System ("CSRS") and the Federal Employees Retirement System ("FERS") unfunded liabilities. 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'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. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. The U.S. $147 million: Money orders revenue reported by USPS for fiscal 2018. These plans are administered by the Office of Personnel Management ("OPM"). Please do not hesitate to contact me. This statistic depicts the operating revenue of the United States Postal Service's (USPS) shipping and packages segment between the fiscal years 2016 and 2020, broken down by service. Selected FY 2020 and 2019 Results of Operations and Controllable Loss Revenue generated from Customer Connect leads is counted toward the USPS Power of One campaign to raise revenue through sales leads from employees. 4  Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. We appreciate your patience. Success by the slice. However, since 2006, the USPS has seen rising net losses in revenue. "United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. 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 … Volume for letter mail, which is the Postal Service’s primary source of revenue, declined by 5 billion pieces (3.6%), while package volume […] For the first nine months of its fiscal year, it lost $7.4 billion on $54.8 billion. Update, Insights into the world's most important technology markets, Advertising & Media Outlook First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Revenue came to $69.6 billion, down from $71.5 billion last year. Instead, revenue for the Postal Service has risen more than $500 million in the past nine months, driven by a 20% jump, or $3.4 billion, in sales from shipping packages that … 146.4 B. Statista. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019 (October 1, 2018 - September 30, 2019), an increase of $514 million compared to the prior year. Mail Volume […] March 27, 2019 at midnight. WASHINGTON - The U.S. Number of cars sold in the U.S. 1951-2019, Gas prices in the United States 1990-2020, Automotive industry worldwide - statistics & facts, Motorcycle Industry in the United States - statistics & facts, Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry, Profit from additional features with an Employee Account. As a result of the pandemic, and to a lesser extent, secular mail declines, the Postal Service’s volume from mail services, its largest sales category, declined significantly for the full year, as First-Class Mail declined 2.3 billion pieces, or 4.2 percent, and Marketing Mail declined 11.5 billion pieces, or 15.2 percent. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. Overall, the Postal Service reported operating revenue of $70.4 billion for 2016, excluding a $1.1 billion change in accounting estimate recorded during the year. In, USPS. As soon as this statistic is updated, you will immediately be notified via e-mail. "United States Postal Service's Shipping and Packages Revenue from Fy 2016 to Fy 2020, by Service (in Million U.S. Despite a solid 1.5 percent rise in revenue compared to last year, USPS … In fiscal year (FY) 2021, income taxes will account for 50%, payroll taxes make up 36%, and corporate taxes supply 7%. UPS annual revenue for 2019 was $74.094B, a 3.11% increase from 2018. 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. The Postal Service provides a vital public service that is a part of the nation's critical infrastructure. USPS is experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. 2  Net amounts include changes in assumptions, valuation of new claims and revaluation of existing claims, less current year claim payments. As a Premium user you get access to the detailed source references and background information about this statistic. 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. "There continues to be great uncertainty over the future impacts of the pandemic on the Postal Service," said Chief Financial Officer Joseph Corbett. After reaching a peak of around 213 billion units in 2006, the U.S. For more information about the Postal Service, visit usps.com and facts.usps.com. 149.5 B. USPS reported its market-dominant products accounted for about 58% of its annual revenue in fiscal 2020. • Revenue. Shipping and packages revenue increased 2.3 percent. Chart 1. The US Postal Service saw a 2.9% increase in revenue in the first fiscal quarter of 2019, year-over-year, to $19.7 billion. USPS. 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. Postal Service reported operating revenue of $70.6 billion for fiscal year 2018 (October 1, 2017 - September 30, 2018), an increase of $1.0 billion compared to the prior year. Payments are to be made over a 30-year rolling period based on OPM invoices. The U.S. However, actual results may differ significantly from current estimates. 2016 and 2017 figures were taken from a previous edition. 154.3 B. Further, USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits as of September 30, 2018. You only have access to basic statistics. UPS annual revenue for 2018 was $71.861B, a 7.92% increase from 2017. 508,908. Then you will be able to mark statistics as favourites and use personal statistics alerts. For U.S. This feature is limited to our corporate solutions. Furthermore, the pandemic significantly increased the Postal Service’s expenses for supplies and services, such as personal protective equipment (PPE), to ensure the safety of its employees and customers. In 2012, the Postal … $71.1 B. Aviation mail security & hazardous materials. $70.6 B. Although package volume growth has recently slowed since its early fourth-quarter peak, the Postal Service believes that consumer behavior has evolved during the pandemic as the nation has increasingly relied on the safety and convenience of e-commerce. “Drew and Donald served their customers well by noticing that they could get better service from USPS,” said Mary Anderson, small-business engagement director at USPS headquarters in Washington, DC. However, the last year the Postal Service recorded any profit was 2006, and its cumulative losses since then totaled $83.1 billion as of March 31. . dollars)." $69.6 B. 497,157. 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). The USPS said about $3.4 billion of … Please contact us to get started with full access to dossiers, forecasts, studies and international data. USPS Unfunded Liabilities and Debt as a Percentage of USPS Revenue, Fiscal Years 2007 through 2018. At the Board meeting, the Postal Service reported that operating revenue increased $569 million in fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). Learn more about how Statista can support your business. Scanning snapshot. 528,458. $67.8 B. Link home Current stories. “USPS has lost $69 billion over the past 11 fiscal years — including $3.9 billion in fiscal year 2018. Accessed January 27, 2021. https://www.statista.com/statistics/943318/usps-shipping-packages-revenue-service/, USPS. Most of it is paid either through income taxes or payroll taxes. The total normal cost payment amount, calculated by OPM, is $3.9 billion and $3.8 billion, respectively. The USPS said … The following presents revenue and volume by service category for the year ended September 30, 2020, and 2019: (revenue in $ millions; volume in millions of pieces). 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. The USPS had a net loss of $1.5 billion for the quarter, however. Contractual wage adjustments also contributed to the increase in compensation and benefits. “We are likewise committed to addressing our significant financial imbalances - which were exacerbated by COVID this year and will cause lasting impacts - through a combination of management actions, and legislative and regulatory reforms.”. 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. Photos finish. Corporate solution including all features. This statistic depicts the operating revenue of the United States Postal Service (USPS) between the fiscal years 2000 and 2020, broken down by segment. Financial results in the Form 10-K are available at https://about.usps.com/what/financials/. 3 One key reason the Postal Service’s revenue hasn’t kept pace with expenses is that it’s delivering a lot less mail than it used to. Career employees* 496,934. Report Overview Financial Changes U.S. federal tax revenue is the total tax receipts received by the federal government each year. First-quarter net loss totaled $540 million, compared to net income of $1.4 billion for the same period one year … Counted toward the USPS had a net loss adjusted for items outside of management ’ s aggressive move [ ]... Billion last year, on the unfunded CSRS retirement obligation a Single account to be made equal. Full access to the impacts of COVID-19 depict the immensity of USPS ’ s financial challenges 2016 and 2017 were... 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