Between the fiscal year of 2004 and 2019, the annual revenue of the U.S. Postal Services (USPS) fluctuated around 70 billion U.S. dollars. In the fiscal year of 2021, the USPS generated annual revenue of 77 billion U.S. dollars.
Past and present of USPS
USPS was formed in 1971 as an independent agency in the U.S. to provide country-wide postal services. In the fiscal year of 2021, U.S. Postal Services made over 14.3 billion U.S. dollars in revenue from its priority mail services. In that same year, the company’s mail volume was equivalent to over 128.8 billion total mail units but has been declining since 2006 continuously.
Global postal services and USPS
Postal services provide one of the major means of communication and transportation between individuals. In 2019, the global postal industry revenue amounted to over 427 billion euros worldwide. In that same year, the global courier, express and parcel (CEP) market was worth over 342 billion euros. Globally three postal companies are considered as legacy providers - FedEx, UPS, and DHL. In 2018, the global market share of USPS was considerably lower than the other legacy providers, where DHL, FedEx and UPS held 39, 30 and 22 percent of the total market respectively.
United States Postal Service's revenue from 2004 to 2021
(in billion U.S. dollars)
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USPS. (November 10, 2021). United States Postal Service's revenue from 2004 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/
USPS. "United States Postal Service's revenue from 2004 to 2021 (in billion U.S. dollars)." Chart. November 10, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/
USPS. (2021). United States Postal Service's revenue from 2004 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/
USPS. "United States Postal Service's Revenue from 2004 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Nov 2021, https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/
USPS, United States Postal Service's revenue from 2004 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/ (last visited May 17, 2022)
