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U.S. Postal Service Reports First Quarter Fiscal Year 2024 Results On February 8, 2024, the USPS reported its financial results for the first quarter of fiscal year 2024 (Oct. 1, 2023 - Dec. 31, 2023). The net loss for the quarter totaled $2.1 billion, compared to a net loss of $1.0 billion for the same quarter last year. Results for the quarter were negatively impacted primarily by non-cash workers’ compensation expenses due to actuarial revaluation and discount rate changes, the amortization of unfunded retiree pension liabilities, and the continued effect of inflation on operating expenses. Total operating revenue was $21.6 billion for the quarter, an increase of $115 million, or 0.5 percent, compared to the same quarter last year. First-Class Mail revenue increased $171 million, or 2.6 percent, on a volume decline of 704 million pieces, or 5.6 percent, compared to the same quarter last year. Marketing Mail revenue decreased $235 million, or 5.4 percent, on a volume decline of 2.4 billion pieces, or 13.5 percent, compared to the same quarter last year.