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The U.S. Postal Service reported $82.9 billion in fiscal 2026 operating revenue on Tuesday, up 3% from the prior year, while its annual net loss narrowed to $6.5 billion from $9.0 billion.
The results cover the fiscal year ended September 30. The loss figures are calculated under generally accepted accounting principles, according to the Postal Service’s November 10 release.
Revenue rose even as key mail and package volumes declined. First-Class Mail volume fell 5.1%, while its revenue increased 1.2%. Shipping and Packages volume dropped 5.3%, but revenue increased 5.1%, or $1.7 billion.
USPS attributed the revenue increase to Ground Advantage and Marketing Mail, supplemented by price increases in First-Class Mail and Marketing Mail and a temporary transportation-related price increase on certain shipping products.
Total operating expenses declined 0.4% to $89.4 billion. USPS said lower workers’ compensation and retirement expenses helped, while other operating costs, retiree health benefits, compensation and transportation costs increased.
The Postal Service’s non-GAAP “controllable loss,” which excludes selected costs outside management’s control, was $2.4 billion, compared with $2.7 billion a year earlier. It is separate from the reported GAAP net loss.
USPS said its financial position remains under pressure and called for legislative, regulatory and administrative changes. Its requests include raising the current $15 billion statutory debt limit, changing pension funding rules, allowing more investment flexibility for pension and retiree health assets, and changing workers’ compensation administration.
The release did not specify a proposed new debt ceiling. USPS said deferred pension payments provide temporary relief rather than a long-term solution.
JBizNews Desk | Business
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