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Stock research / United States / PBI · Office Machines, Nec · NYSE

Pitney Bowes Inc. (PBI)

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Pitney Bowes Inc. (PBI) reported revenue of $451 million for Q2 FY2026, the quarter ended 30 June 2026, down 2.3% on the same quarter a year earlier. Net income was $50 million, up 66.5% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$451 milliondown 2.3%
Net income$50 millionup 66.5%
Diluted EPS$0.36
QuarterQ2 FY2026ended 30 June 2026

Pitney Bowes (PBI) in brief

Pitney Bowes (PBI) reported revenue of $1.9 billion for fiscal 2025, the year ended 31 December 2025, down 6.6% on the year before.
Read moreNet income was $145 million and diluted earnings per share $0.84. Revenue was $2.0 billion in fiscal 2024, $2.1 billion in fiscal 2023, $2.5 billion in fiscal 2022 and $3.7 billion in fiscal 2021. Net income in the same years was a loss of $204 million, a loss of $386 million, $37 million and a loss of $1 million. Over the twelve months to 30 June 2026, Pitney Bowes reported revenue of $1.9 billion and net income of $187 million. Revenue fell 11.8% a year, compounded, over the five years to fiscal 2025. Pitney Bowes declared $0.30 a share in dividends over the last four quarters and had 137 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.0 billion of debt and $267 million of cash. At the close of 9 October 2026 the market cap of Pitney Bowes was $2.3 billion, 13.8 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin13.5%
Net margin10.0%
FCF margin22.3%
Interest covern/a
Debt to equityn/a
Cash conversion2.59
Share count, 1 year-20.4%
Sales CAGR, 3 years-8.7%
Profit CAGR, 3 years57.6%
EPS, TTM$1.22

At the close of 9 October 2026

Price$16.80
Market cap$2.3 billion
Stock P/E13.77
Price to bookn/a
EV / EBITDA11.42
Dividend yield1.8%
Market cap / sales1.23
52-week high$18.51
52-week low$9.02
Price, 1 year45.7%
Price CAGR, 3 years65.3%
Price CAGR, 5 years18.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Pitney Bowes Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PBIgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PBI

Filings25 in twelve months: 16 current reports (8-K), about 7 regulation FD disclosure; 5 results of operations; 4 material agreement; 4 new financial obligation; 2 other events
Planned insider sales17 Form 144 notices in twelve months, $91.8 million; latest 10 September 2026
Options tapeput/call 0.04 by open interest at the 9 October 2026 close; the straddle prices a 4.0% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading65 sales and 6 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest18.6 million shares short, 10.31 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue503526521490499516493462460478477451
Cost of revenue248259249239238239207199201201205197
Gross profit255268273250261278287263259277273255
Gross margin51%51%52%51%52%54%58%57%56%58%57%56%
R&D7.710.37.67.37.69.54.83.63.43.53.83.4
SG&A183223187193190148166171144141133129
Operating income26.9-57347.6-7.9-43.9-48.246.739.368.138.480.565.5
Operating margin5%-109%9%-2%-9%-9%9%9%15%8%17%15%
Interest expense26.828.427.8n/an/an/an/an/an/an/an/an/a
Pre-tax income26.9-62.647.6-7.9-43.9-48.246.739.368.138.480.565.5
Tax rate34%n/a33%n/an/an/a24%24%24%29%28%24%
Net income-12.5-224-2.9-24.9-138-37.435.430.052.027.358.149.9
Net margin-2%-43%-1%-5%-28%-7%7%6%11%6%12%11%
Diluted EPS-$0.07-$1.27-$0.02-$0.14-$0.75-$0.21$0.19$0.17$0.30$0.17$0.39$0.36
Operating cash flow25.394.5-12.692.914.4134-16.711166.822244.2153
Capital expenditure23.025.320.021.19.122.216.913.315.820.315.818.5
Free cash flow2.469.3-32.671.75.2112-33.698.051.120128.3134
Dividends paid8.88.98.89.09.19.111.012.613.314.213.313.6
Shares outstanding176m183m179m180m182m183m181m172m161m150m135m137m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue3,8223,5782,9812,7843,2123,2053,5543,6742,4832,0792,0271,8931,866
Cost of revenue1,6811,5591,5151,4331,7901,9222,4062,5521,3301,048964807803
Gross profit2,1412,019n/an/a1,4211,2831,1481,1221,1531,0311,0621,0851,063
Gross margin56.0%56.4%n/an/a44.3%40.0%32.3%30.5%46.4%49.6%52.4%57.3%57.0%
Research and development11011010760.958.551.338.446.835.529.532.015.314.1
Selling, general and administrative1,3781,2801,1401,0291,0031,004963924786782718622547
Operating income43161120219418827.1-185-7.4189-43.9-52.3193252
Operating margin11.3%17.1%6.8%7.0%5.9%0.8%-5.2%-0.2%7.6%-2.1%-2.6%10.2%13.5%
Interest expense90.987.689.011811511110696.990.0100n/an/an/a
Pre-tax income43161120219421226.7-183-7.4189-43.9-52.3193252
Income tax11319010713.76.4-13.17.1-10.943.017.3-15547.865.1
Effective tax rate26.2%31.1%53.0%7.1%3.0%-49.1%n/an/a22.8%n/an/a24.8%25.8%
Net income33440892.8244242195-180-1.436.9-386-204145187
Net margin8.7%11.4%3.1%8.7%7.5%6.1%-5.1%-0.0%1.5%-18.5%-10.0%7.6%10.0%
Diluted EPS$1.64$2.03$0.49$1.30$1.28$1.10-$1.05-$0.01$0.21-$2.20-$1.12$0.84$1.22
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2025Share
latest year
SendTech Solutions1,3541,25666.4%
Presort Services66363733.6%
SendTech SolutionsPresort Services
2,017FY20241,893FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,7121,7011,59584.3%
Outside United States36732629815.7%
United StatesOutside United States
2,079FY20232,027FY20241,893FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow65852349645434526830230217580.1229383486
Capital expenditure18316715911813813710518482.678.172.466.370.4
Free cash flow47535633733620713119711792.42.0157317415
Free cash flow margin12.4%10.0%11.3%12.1%6.4%4.1%5.5%3.2%3.7%0.1%7.7%16.7%22.3%
Cash from investing-155-303-116-621286458-75.7-155-24.3-124-49.1-125-77.7
Cash from financing-312-579-230368-745-670-235-330-198-30.0-305-445-424
Depreciation and amortisation198173174127148159161163111113114112104
Share-based compensation17.421.014.924.421.023.117.520.916.38.916.514.214.9
Dividends paid15215014113914035.434.334.834.735.236.051.154.3
Dividend per share$0.75$0.75$0.75$0.75$0.75$0.20$0.20$0.20$0.20$0.20$0.20$0.30n/a
Diluted shares, weighted204m201m189m187m188m177m172m179m177m176m183m173m139m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a137m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity77.3179-10430.610228970.611360.7-369-578-802-863
Debt3,2272,9523,3653,8303,2662,7402,5642,3242,2052,1461,9201,9932,034
Operating lease liabilitiesn/an/an/an/a12517818019226612710199.893.8
Finance lease liabilitiesn/an/an/an/a7.17.918.939.543.925.723.726.4n/a
Other liabilities3,1812,9932,5762,7742,4392,2522,3862,2912,1662,3431,9321,8521,755
Total liabilities and equity6,4866,1235,8376,6355,9385,4675,2204,9594,7414,2723,3983,1693,020
Owned
Fixed assets285330315374399376391429n/an/an/an/an/a
Goodwill1,6731,7461,4001,3341,3321,3241,1521,135851734721747740
Intangible assets82.218716527221319116013277.920.415.814.712.9
Investments392540464485371355383347271272207217174
Loans1,8201,6791,567n/a1,2891,255n/an/an/an/an/an/an/a
Cash and equivalents1,0436407651,009867924921732668601470285267
Receivables437477456427372373389335344200160168148
Inventory84.888.892.740.862.368.371.578.683.763.059.866.262.9
Other assets6684356132,6931,0336001,7511,7692,4452,3811,7641,6711,614
Total assets6,4866,1235,8376,6355,9385,4675,2204,9594,7414,2723,3983,1693,020
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-6.2%-11.8%-8.7%-5.3%
Profit growth, compounded-9.8%n/a57.6%n/a
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Pitney Bowes' revenue in fiscal 2025?

Pitney Bowes (PBI) reported revenue of $1.9 billion for fiscal 2025, the year ended 31 December 2025, down 6.6% on the year before.

How much did Pitney Bowes earn in fiscal 2025?

Net income was $145 million for fiscal 2025, and diluted earnings per share $0.84.

What is Pitney Bowes' P/E ratio?

At the close of 9 October 2026, Pitney Bowes traded at 13.8 times its earnings over the twelve months to 30 June 2026.

What is Pitney Bowes' market cap?

The market cap of Pitney Bowes was $2.3 billion at the close of 9 October 2026.

Does Pitney Bowes pay a dividend?

Yes. Pitney Bowes declared $0.30 a share in dividends over the four quarters to 30 June 2026.

Peers: Computers

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NCR Atleos Corp. NATL$3.4 billion17.7442.2%11.5%3.6%5.84n/a
Extreme Networks Inc. EXTR$3.2 billion75.6247.5%4.9%12.6%1.85n/a
Agilysys Inc. AGYS$3.0 billion69.4912.7%14.6%14.4%0.00n/a
Netscout Systems Inc. NTCT$3.0 billion24.797.3%14.8%5.8%0.00n/a
Digi International Inc. DGII$2.9 billion60.027.1%13.9%20.3%0.16n/a
Parsons Corp. PSN$2.6 billion31.096.0%4.9%-5.8%0.560.0%
Kyndryl Holdings, Inc. KD$2.6 billion31.738.1%n/a-0.6%3.640.0%
Pitney Bowes Inc. PBI$2.3 billion13.77n/a13.5%-5.3%n/a1.8%
Diebold Nixdorf, Inc. DBD$2.2 billion20.8111.5%6.4%5.4%0.970.0%
A10 Networks, Inc. ATEN$2.1 billion49.3718.1%16.1%12.2%0.920.8%
Omnicell, Inc. OMCL$1.6 billion42.633.0%4.6%8.5%0.13n/a
Corsair Gaming, Inc. CRSR$1.5 billion43.955.5%2.9%3.1%0.18n/a
All 36 in Computers
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Apple Inc. AAPL$4.92 trillion38.61119.9%33.2%14.2%0.770.3%
Cisco Systems, Inc. CSCO$467.1 billion35.4426.4%24.3%11.8%0.451.4%
Dell Technologies Inc. DELL$375.3 billion34.03n/a9.4%49.0%n/a0.4%
Palo Alto Networks Inc. PANW$341.3 billion821.221.1%6.1%24.5%0.06n/a
Arista Networks, Inc. ANET$273.3 billion68.3527.3%43.1%32.6%0.00n/a
Sandisk Corp. SNDK$231.0 billion21.7072.7%61.2%175.3%0.00n/a
International Business Machines Corp. IBM$214.0 billion20.1531.1%n/a7.9%1.633.0%
Seagate Technology Holdings plc STX$177.5 billion56.39146.9%33.6%34.1%1.660.4%
Western Digital Corp. WDC$143.4 billion16.36106.3%34.5%35.7%0.120.1%
Fortinet, Inc. FTNT$142.9 billion68.57136.7%32.4%18.8%0.32n/a
Hewlett Packard Enterprise Co. HPE$97.6 billion37.8610.5%6.2%26.6%0.760.7%
Everpure, Inc. P$51.5 billion211.7816.4%5.3%27.2%0.00n/a
NetApp, Inc. NTAP$46.5 billion33.4594.8%25.0%12.2%1.660.9%
Super Micro Computer, Inc. SMCI$27.5 billion13.0815.4%7.1%77.8%0.60n/a
HP Inc. HPQ$27.3 billion11.53n/a5.4%8.1%n/a3.8%
F5, Inc. FFIV$27.3 billion38.2218.8%24.5%9.4%0.00n/a
Leidos Holdings, Inc. LDOS$15.3 billion11.3526.0%11.5%3.4%1.141.3%
Logitech International S.A. LOGI$14.1 billion18.0334.1%17.7%6.6%0.001.6%
Caci International Inc. CACI$13.5 billion25.2912.0%9.6%10.9%1.10n/a
GoDaddy Inc. GDDY$13.2 billion15.4813,586.6%24.8%7.4%561.10n/a
Jack Henry & Associates Inc. JKHY$10.5 billion21.4324.5%25.0%7.1%0.021.6%
Science Applications International Corp. SAIC$5.7 billion15.7526.5%8.0%-0.8%1.730.3%
Waystar Holding Corp. WAY$5.1 billion38.113.4%22.9%19.2%0.36n/a
NCR Atleos Corp. NATL$3.4 billion17.7442.2%11.5%3.6%5.84n/a
Extreme Networks Inc. EXTR$3.2 billion75.6247.5%4.9%12.6%1.85n/a
Agilysys Inc. AGYS$3.0 billion69.4912.7%14.6%14.4%0.00n/a
Netscout Systems Inc. NTCT$3.0 billion24.797.3%14.8%5.8%0.00n/a
Digi International Inc. DGII$2.9 billion60.027.1%13.9%20.3%0.16n/a
Parsons Corp. PSN$2.6 billion31.096.0%4.9%-5.8%0.560.0%
Kyndryl Holdings, Inc. KD$2.6 billion31.738.1%n/a-0.6%3.640.0%
Pitney Bowes Inc. PBI$2.3 billion13.77n/a13.5%-5.3%n/a1.8%
Diebold Nixdorf, Inc. DBD$2.2 billion20.8111.5%6.4%5.4%0.970.0%
A10 Networks, Inc. ATEN$2.1 billion49.3718.1%16.1%12.2%0.920.8%
Omnicell, Inc. OMCL$1.6 billion42.633.0%4.6%8.5%0.13n/a
Corsair Gaming, Inc. CRSR$1.5 billion43.955.5%2.9%3.1%0.18n/a
NCR Voyix Corp. VYX$984 million17.448.2%1.1%-4.8%1.19n/a
No other company here shares its SEC industry code (Office Machines, Nec); these are the names nearest in size in its wider industry, Computers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K/A31 December 202520 February 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR

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