2025/11/21
Canada Post has released its third-quarter 2025 results. The company’s financial situation continued to deteriorate as the Corporation recorded a loss before tax of $541 million. Ongoing strike activity and uncertainty continued to drive customers to competitors for their deliveries, leading to a Parcels revenue decline of approximately 40 per cent.
Highlights
- For the first nine months of 2025, Canada Post recorded a loss before tax of $989 million. The company’s year-to-date results put it on track to record a 2025 loss that’s significantly larger than any in its history.
- In the third quarter of 2025, Parcels revenue fell by $297 million, or 39.8 per cent, as volumes declined by 27 million pieces, or 42.5 per cent, compared to the same period of 2024. Revenue fell sharply as strike activity and uncertainty about service disruptions drove customers to flexible competitors that could offer delivery stability.
- In the third quarter, Transaction Mail revenue increased by $59 million, or 11.3 per cent, as volumes declined by 34 million pieces, or 7.1 per cent, compared to the same period a year earlier. While Transaction Mail continues to erode, in the first three quarters of 2025 the line of business benefitted from a postage rate increase in January 2025, as well as Lettermail volume increases related to election mailings and a temporary surge following the national strike in the fourth quarter of 2024.
- In the third quarter, Direct Marketing revenue fell by $46 million, or 18.5 per cent, as volumes declined by 334 million pieces, or 30.0 per cent, compared to the same period of the previous year. Labour uncertainty affected the line of business as customers sought to avoid time-sensitive mailings getting trapped in the postal network.
More information
Read the news release.