On a quick and dirty look, I don't think those figures are right. Here's what I found for 2020: USPS 2020 Revenues & Expenses Package revenue: $28,537M

On a quick and dirty look, I don't think those figures are right. Here's what I found for 2020: USPS 2020 Revenues & Expenses Package revenue: $28,537M Overall revenue: $73,123M Overall expenses: $82,309M Net profit: -$ 9,176M Mail volume - pieces per year Packages: ~6.4B Marketing mail: ~75B First class mail: ~54B The press release listed all volumes as changes and percents - I've made a quick effort to back out approximate total volumes. Data from https://about.usps.com/newsroom/national-releases/2020/1113-usps-reports-fiscal-year-2020-results.htm https://about.usps.com/newsroom/national-releases/2020/1113-... Fedex Revenues & Expenses Package revenue: Unknown Overall revenue: $69,217M Net profit: $ 1,286M Mail volume - pieces per year Packages: ~4.6B Marketing mail: N/A First class mail: N/A Packages are presented per day, but only count operating days (255/yr) The source I found split expenses up into cost of goods sold/SG&A/other/operating. I'm not clear what each one means and don't want to misrepresent - try the link! Data from https://www.fedex.com/en-us/about/company-structure.html https://www.fedex.com/en-us/about/company-structure.html and https://www.macrotrends.net/stocks/charts/FDX/fedex/financial-statements https://www.macrotrends.net/stocks/charts/FDX/fedex/financia... So USPS carries more packages, as well as insane volumes of mail that UPS/FedEx won't. Despite the significant volume differences, expenses are within 20% between the companies.