PITNEY BOWES INC /DE/ PBI

Technology SIC 3579 - Office Machines, NEC NAICS Manufacturing › Machinery Manufacturing › Commercial and Service Industry Machinery Manufacturing derived NYSE

Last close 17.35 2026-10-23
Market cap $2.38B 2026-06-30 share count
52-week range 8.95 - 19.07

Valuation FY2025 figures against the last close

P/S1.3x
P/E20.7x
P/FCF7.5x
EV/EBITDA—
Dividend yield2.1%
Diluted EPS0.84

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.89B$2.03B$2.08B$2.48B$3.67B$3.55B$3.21B$3.21B$2.78B$2.98B
Cost of revenue —$964.3M$1.05B—$2.55B$2.40B$1.92B$1.79B$1.43B$1.51B
Gross profit —$1.06B$1.03B—$1.12B$1.15B$1.28B$1.42B$1.35B$1.47B
R&D $15.3M$32.0M$29.5M$35.5M$46.8M$38.4M$51.3M$58.5M$60.9M$107.4M
SG&A $621.6M$717.9M$781.6M$785.5M$924.2M$963.3M$1.00B$1.00B$1.03B$1.14B
Total operating expenses $1.70B$2.08B$2.12B$2.29B$3.68B$3.74B$3.18B$3.02B$2.59B$2.78B
Interest expense $101.5M$110.1M$98.8M$90.0M$96.9M$105.8M$110.9M$115.4M$118.0M$89.0M
Pre-tax income $192.5M-$52.3M-$43.9M$188.7M-$7.4M-$183.4M$26.7M$188.1M$193.7M$201.8M
Income tax $47.8M$154.8M$17.3M$43.0M$10.9M$7.1M$13.1M$6.4M$13.7M$107.0M
Net income $144.7M-$203.6M-$385.6M$36.9M-$1.4M-$180.4M$194.3M$241.8M$243.5M$92.8M
EPS, basic 0.84-1.13-2.200.21-0.01-1.051.101.291.310.49
EPS, diluted 0.84-1.12-2.200.21-0.01-1.051.101.281.300.49
Shares, diluted (wtd. avg.) 173.0M182.5M175.6M177.3M179.1M171.5M177.4M188.4M187.4M189.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $284.9M$469.7M$600.1M$668.3M$732.5M$921.5M$924.4M$867.3M$1.01B$764.5M
Short-term investments $12.2M$16.4M$22.2M$11.2M$14.4M$19.0M$115.9M$59.4M$49.0M$38.4M
Receivables $168.1M$160.0M$200.2M$343.6M$334.6M$389.2M$373.5M$371.8M$427.0M$455.5M
Inventory $66.2M$59.8M$63.0M$83.7M$78.6M$71.5M$68.3M$62.3M$40.8M$92.7M
Total current assets $1.10B$1.32B$2.06B$1.80B$1.89B$2.11B$2.24B$2.70B$2.83B$2.33B
Property, plant and equipment ————$429.2M$391.3M$376.2M$398.5M$373.5M$314.6M
Goodwill $746.7M$721.0M$734.4M$851.3M$1.14B$1.15B$1.32B$1.33B$1.33B$1.40B
Other intangibles $14.7M$15.8M$20.4M$77.9M$132.4M$159.8M$190.6M$213.2M$272.2M$165.2M
Total assets $3.17B$3.40B$4.27B$4.74B$4.96B$5.22B$5.47B$5.94B$6.63B$5.84B
Accounts payable $845.4M$873.6M$829.4M$907.1M$922.5M$880.6M$793.7M$1.35B$1.46B$1.38B
Short-term debt $17.1M$53.2M$58.9M$32.8M$24.7M$216.0M$20.1M$199.5M$271.1M$614.5M
Total current liabilities $1.55B$1.67B$1.90B$1.73B$1.73B$1.87B$1.57B$1.89B$2.07B$2.33B
Long-term debt $1.98B$1.87B$2.09B$2.17B$2.30B$2.35B$2.72B$3.07B$3.56B$2.75B
Total liabilities $3.97B$3.98B$4.64B$4.68B$4.85B$5.15B$5.18B$5.84B$6.50B$5.94B
Retained earnings $2.66B$2.67B$3.08B$5.13B$5.17B$5.21B$5.44B$5.28B$5.23B$5.11B
Total equity -$802.4M-$578.4M-$368.6M$60.7M$112.6M$70.6M$289.2M$101.8M$30.6M-$103.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $383.3M$229.2M$80.1M$175.0M$301.5M$302.0M$267.9M$344.7M$454.2M$496.1M
Depreciation and amortisation $107.0M$110.0M$108.0M$101.0M$132.0M$127.0M$123.0M$110.0M$99.0M$134.0M
Stock-based compensation $14.2M$16.5M$8.9M$16.3M$20.9M$17.5M$23.1M$21.0M$24.4M$14.9M
Capital expenditure $66.3M$72.4M$78.1M$82.6M$184.0M$105.0M$137.3M$137.8M$118.2M$159.2M
Investing cash flow -$125.1M-$49.1M-$124.1M-$24.3M-$155.3M-$75.7M$457.6M$286.3M-$621.4M-$115.6M
Financing cash flow -$445.4M-$305.5M-$30.0M-$198.1M-$330.4M-$235.4M-$670.3M-$745.4M$367.7M-$229.5M
Dividends paid $51.1M$36.0M$35.2M$34.7M$34.8M$34.3M$35.4M$140.5M$139.5M$140.6M
Buybacks $378.4M—$0$13.4M——$105.0M——$197.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009921.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 3B Gross profit, FY2016: 1.5B Net income, FY2016: 92.8M Revenue, FY2017: 2.8B Gross profit, FY2017: 1.4B Net income, FY2017: 243.5M Revenue, FY2018: 3.2B Gross profit, FY2018: 1.4B Net income, FY2018: 241.8M Revenue, FY2019: 3.2B Gross profit, FY2019: 1.3B Net income, FY2019: 194.3M Revenue, FY2020: 3.6B Gross profit, FY2020: 1.1B Net income, FY2020: -180.4M Revenue, FY2021: 3.7B Gross profit, FY2021: 1.1B Net income, FY2021: -1.4M Revenue, FY2022: 2.5B Net income, FY2022: 36.9M Revenue, FY2023: 2.1B Gross profit, FY2023: 1B Net income, FY2023: -385.6M Revenue, FY2024: 2B Gross profit, FY2024: 1.1B Net income, FY2024: -203.6M Revenue, FY2025: 1.9B Net income, FY2025: 144.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.98B $2.78B $3.21B $3.21B $3.55B $3.67B $2.48B $2.08B $2.03B $1.89B
Gross profit $1.47B $1.35B $1.42B $1.28B $1.15B $1.12B — $1.03B $1.06B —
Net income $92.8M $243.5M $241.8M $194.3M -$180.4M -$1.4M $36.9M -$385.6M -$203.6M $144.7M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.