Postal Service Earns $1.83 Billion in Operating Profits In First Half of Fiscal Year 2016

The Postal Service earned $1.83 billion in operating profits in the first half of Fiscal Year 2016, according to financial results released on May 10. This marks the fourth year in a row the USPS is in the black – excluding the mandate that requires the agency to pre-fund healthcare benefits for future retirees.

The Postal Service has enjoyed an operating profit totaling $4.4 billion since the beginning of Fiscal Year 2014 – without a dime of taxpayers’ money.

In the second quarter of Fiscal Year 2016 (January through March), shipping and packaging volume increased by 11.4 percent over the same period last year. Total mail volume increased by 1.4 percent, over the same time as last year.

“Once again, these results show that it’s time to broaden the services we provide, not scale them back,” said APWU President Mark Dimondstein.

“In order for USPS to continue on this path, Congress must pass postal reform legislation that eliminates the sham retiree pre-funding mandate that financially strangles our public Postal Service,” he said.