The Commission published its annual Financial Analysis report, which carefully analyzes the Postal Service’s finances using a number of well-known financial parameters. This report meets the Commission’s financial reporting responsibilities and responds to the continued interest from policymakers and stakeholders in the Postal Service’s financial health. The Analysis provides greater clarity, transparency, and accountability of the Postal Service’s financial data and trends.
At the end of FY 2024:
The Postal Service recorded a net loss from operations of $1.8 billion and a total net loss of $9.5 billion.
The Postal Service’s operating revenue was $79.5 billion, $1.2 billion higher than the previous year. Revenue from Competitive products increased by $0.5 billion and Market Dominant revenue increased by $0.8 billion in FY 2024, resulting from price increases.
Total operating expenses were $81.8 billion, $0.6 billion higher than the prior year. There was a notable decrease in highway transportation expenses, which decreased by 8.2 percent from network optimization efforts as a part of the Delivering for American plan. Furthermore, air transportation expenses decreased by 20.8 percent from a shift in package volume from air to highway transportation.
The Postal Service is a labor intensive organization. Labor costs account for 76.4% of total expenses and in FY 2024 total personnel operating expenses increased by $1.4 billion from FY 2023, resulting from increases in salaries, retirement and employee health benefits.
https://www.prc.gov/press-releases/commission-releases-report-analyzing-postal-service%E2%80%99s-fy-2024-finances/5464