Financials
The United States Postal Service (USPS) FY26 Q3 10-Q report was published on Friday August 7th, covering the three-month period ending June 30, 2026.
Financial Performance Key Metrics:
- Operating Revenue: Totaled $19.94 billion for Q3 FY26, up 6.1% from $18.79 billion in Q3 FY25. For the nine-month period, revenue increased from $61.0 billion to $62.34 billion for FY26 YTD, a 2% increase.
- Operating Expenses: Reached $22.45 billion in Q3 FY26, up 2.0% compared to $22.01 billion in Q3 FY25.
- Net Loss: Reported a net loss of $2.51 billion for the quarter, an improvement compared to a net loss of $3.08 billion in Q3 FY25. For the first nine months of FY26, the net loss reached $5.72 billion (compared to $6.22 billion in the prior year period).
- Controllable Loss: Stood at $1.04 billion for Q3 FY26, down from $1.62 billion in Q3 FY25.
USPS notes that aggressive cost management and temporary cash conservation measures are insufficient alone, so they are continuing to push for statutory/regulatory reforms regarding debt limits, ratemaking structures, and pension funding rules.
Volumes
- Revenue & Volume by Category (Q3 FY26 vs. Q3 FY25)
- First-Class Mail: Revenue increased to $6.13 billion (from $5.88 billion) despite volume declining 3.5% to 9.46 billion pieces, driven by rate adjustments.
- Presort First-Class Letters declined 2.2%
- Marketing Mail: Revenue increased to $4.02 billion (from $3.57 billion) and so did volumes (13.78 billion pieces vs. 13.2 billion).
- The class realized a 4.3% increase, Letters shape increased 5%
- Shipping and Packages: Revenue increased to $8.25 billion (from $7.66 billion), with volume down 3.4% to 1.55 billion pieces.
For the first time this year Market Dominant volume is up
Service
These results are the raw service performance not adjusted for force majeure events. First-Class exceeded the published target of 89% for composite First-Class mail. The individual categories performed at:
- First-Class Overnight 92.92%
- Two-day First-Class 90.90%
- Three-Five day First-Class 91.33%
Marketing Mail, which is over half of USPS volume, just slightly exceeded its target of 94.50% with a composite score of 94.90%.
