PBI
$17.37+3.15%
Pitney Bowes Inc.Stock · IndustrialsRussell 2000 · 0.05% of IWMUS Stock Market · 0.003% of VTIRussell 3000 · 0.0000% of IWV
PBI financial statements
The full income statement, balance sheet, and cash-flow statement for Pitney Bowes Inc. (PBI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 179.5M2024-09 181.7M2024-12 182.8M2025-03 181.3M2025-06 172.1M2025-09 160.9M2025-12 149.9M2026-03 135.4M2026-06 137.1M-23.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.89B-6.6% | 2.03B-2.5% | 2.08B-16.3% | 2.48B-32.4% | 3.67B+3.4% | ||
| Lease income | 58.0M-10.8% | 65.0M-4.4% | 68.0M | — | — | |
| Cost of revenue | — | 964M-8.0% | 1.05B | — | 2.55B+6.1% | |
| — | 1.11B+3.7% | 1.07B | — | 1.13B-15.3% | ||
| Research & development | 15.3M-52.2% | 32.0M+8.4% | 29.5M-16.9% | 35.5M-24.2% | 46.8M+21.9% | |
| Selling, general & administrative | 622M-13.4% | 718M-8.2% | 782M-0.5% | 786M-15.0% | 924M-4.1% | |
| Restructuring | 58.4M-24.1% | 76.9M+46.8% | 52.4M+204.6% | 17.2M-9.4% | 19.0M-8.3% | |
| Amortization of intangibles | 5.00M+0.0% | 5.00M+0.0% | 5.00M-50.0% | 10.0M-66.7% | 30.0M-9.1% | |
| Provision for credit losses | -773K-65.5% | -467K-2847.1% | 17.0K+104.0% | -423K-36.9% | -309K+86.3% | |
| Interest expense | — | — | 100M+11.6% | 90.0M-7.1% | 96.9M-8.4% | |
| Interest & investment income | 8.00M-42.9% | 14.0M+0.0% | 14.0M+250.0% | 4.00M | — | |
| Net interest income | -101M+7.8% | -110M-11.5% | -98.8M | — | — | |
| Gain (loss) on equity securities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Pre-tax income | 193M+467.9% | -52.3M-19.1% | -43.9M-123.3% | 189M+2644.2% | -7.42M+96.0% | |
| Income tax | 47.8M+130.9% | -155M-992.5% | 17.3M-59.6% | 43.0M+493.3% | -10.9M-253.4% | |
| 145M+171.1% | -204M+47.2% | -386M-1143.9% | 36.9M+2834.3% | -1.35M+99.3% | ||
| Income from continuing operations | 145M+41.2% | 103M+267.3% | -61.3M-142.1% | 146M+4054.4% | 3.51M+101.8% | |
| Net income to common | — | -204M+47.2% | -386M-1143.9% | 36.9M+2834.3% | -1.35M+99.3% | |
| $0.84+175.0% | -$1.12+49.1% | -$2.20-1147.6% | $0.21+2200.0% | -$0.01+99.0% | ||
| EPS (basic) | $0.84+174.3% | -$1.13+48.6% | -$2.20-1147.6% | $0.21+2200.0% | -$0.01+99.0% | |
| Weighted-avg shares (basic) | 172M-4.4% | 180M+2.2% | 176M+1.0% | 174M-0.0% | 174M+1.4% | |
| Weighted-avg shares (diluted) | 173M-5.2% | 183M+3.9% | 176M-0.9% | 177M-1.0% | 179M+4.4% | |
| Dividends per share | $0.30+50.0% | $0.20+0.0% | $0.20+0.0% | $0.20+0.0% | $0.20+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.10B-16.5% | 1.32B-36.0% | 2.06B+14.5% | 1.80B-5.0% | 1.89B-10.4% | ||
| Cash & equivalents | 285M-39.4% | 470M-21.7% | 600M-10.2% | 668M-8.8% | 732M-20.5% | |
| Short-term investments | 12.2M-25.3% | 16.4M-26.1% | 22.2M+98.4% | 11.2M-22.6% | 14.4M-23.9% | |
| Accounts receivable | 168M+5.1% | 160M-20.1% | 200M-41.7% | 344M+2.7% | 335M-14.0% | |
| Inventory | 66.2M+10.7% | 59.8M-5.1% | 63.0M-24.7% | 83.7M+6.5% | 78.6M+9.9% | |
| Prepaid expenses | 69.5M+5.2% | 66.0M-13.2% | 76.0M-34.3% | 116M-26.4% | 157M+31.0% | |
| 3.17B-6.7% | 3.40B-20.5% | 4.27B-9.9% | 4.74B-4.4% | 4.96B-5.1% | ||
| Property, plant & equipment | — | — | — | — | 429M+9.7% | |
| Operating lease right-of-use | 107M-5.6% | 113M-10.4% | 126M-57.3% | 296M+42.1% | 208M+3.2% | |
| Goodwill | 747M+3.6% | 721M-1.8% | 734M-13.7% | 851M-25.0% | 1.14B-1.5% | |
| Intangible assets | 14.7M-6.6% | 15.8M-22.6% | 20.4M-73.8% | 77.9M-41.1% | 132M-17.1% | |
| Long-term investments | 205M+7.6% | 190M-23.9% | 250M-3.7% | 260M-21.9% | 333M-8.6% | |
| Deferred tax assets | 95.4M-4.4% | 99.8M+63.6% | 61.0M+30.9% | 46.6M-31.9% | 68.4M-4.0% | |
| Other non-current assets | 290M+4.9% | 276M-19.0% | 341M-10.3% | 380M-19.2% | 471M-4.2% | |
| 1.55B-7.5% | 1.67B-11.9% | 1.90B+9.9% | 1.73B-0.0% | 1.73B-7.6% | ||
| Accounts payable | 230M-4.0% | 240M-12.4% | 274M-13.2% | 315M+1.4% | 311M+5.4% | |
| Accrued liabilities | 845M-3.2% | 874M+5.3% | 829M-8.6% | 907M-1.7% | 923M+4.8% | |
| Deferred revenue | 69.1M-1.5% | 70.1M-8.0% | 76.3M-27.5% | 105M+13.2% | 92.9M-12.7% | |
| Short-term & current debt | 17.1M-67.8% | 53.3M-9.6% | 58.9M+79.9% | 32.8M+32.4% | 24.7M-88.5% | |
| Current lease liability | 28.4M+5.5% | 26.9M-9.9% | 29.9M-43.2% | 52.6M+30.5% | 40.3M+2.9% | |
| Finance lease liability (current) | 10.6M+18.4% | 8.94M+1.4% | 8.82M-24.6% | 11.7M+9.3% | 10.7M+126.9% | |
| 3.97B-0.1% | 3.98B-14.3% | 4.64B-0.9% | 4.68B-3.4% | 4.85B-6.0% | ||
| Long-term debt | 1.98B+5.9% | 1.87B-10.6% | 2.09B-3.9% | 2.17B-5.5% | 2.30B-2.1% | |
| Deferred revenue (non-current) | — | — | 84.0M+680.8% | 10.8M+870.0% | 1.11M-13.2% | |
| Non-current lease liability | 99.8M-1.0% | 101M-20.4% | 127M-52.4% | 266M+38.3% | 192M+6.5% | |
| Operating lease liability (total) | 128M+0.3% | 128M-62.2% | 338M+6.2% | 318M+37.0% | 232M+5.9% | |
| Finance lease liability (total) | 36.9M+13.3% | 32.6M-39.1% | 53.5M-3.6% | 55.5M+10.6% | 50.2M+113.1% | |
| Finance lease liability | 26.4M+11.4% | 23.7M-7.8% | 25.7M-41.5% | 43.9M+10.9% | 39.5M+109.6% | |
| Deferred tax liabilities | 72.7M+47.7% | 49.2M-76.7% | 211M-19.6% | 263M-8.1% | 286M+2.5% | |
| Other non-current liabilities | 204M-5.2% | 215M-4.1% | 224M-1.6% | 228M-26.2% | 309M-29.4% | |
| -802M-38.7% | -578M-56.9% | -369M-707.7% | 60.7M-46.1% | 113M+59.5% | ||
| Common stock | 270M+0.0% | 270M+0.0% | 270M-16.4% | 323M+0.0% | 323M+0.0% | |
| Additional paid-in capital | — | — | — | 0.00-100.0% | 2.48M-96.4% | |
| Retained earnings | 2.66B-0.6% | 2.67B-13.2% | 3.08B-39.9% | 5.13B-0.8% | 5.17B-0.7% | |
| Treasury stock | 2.94B+9.6% | 2.68B-6.4% | 2.87B-37.1% | 4.55B-1.1% | 4.60B-1.8% | |
| Accumulated other comprehensive income | -789M+6.0% | -839M+1.4% | -851M-1.9% | -836M-7.1% | -780M+7.0% | |
| Total liabilities & equity | 3.17B-6.7% | 3.40B-20.5% | 4.27B-9.9% | 4.74B-4.4% | 4.96B-5.1% | |
| Common shares issued | 270M+0.0% | 270M+0.0% | 270M-16.4% | 323M+0.0% | 323M+0.0% | |
| Shares outstanding (cover) | 150M-18.0% | 183M+3.5% | 177M+1.3% | 174M-0.4% | 175M+0.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 383M+67.2% | 229M+186.1% | 80.1M-54.2% | 175M-41.9% | 302M-0.2% | ||
| Depreciation & amortization | 112M-2.5% | 114M+1.6% | 113M+1.4% | 111M-31.7% | 163M+1.4% | |
| Intangible amortization | 5.00M+0.0% | 5.00M+0.0% | 5.00M-50.0% | 10.0M-66.7% | 30.0M-9.1% | |
| Share-based compensation | 14.2M-14.4% | 16.5M+86.6% | 8.86M-45.7% | 16.3M-21.8% | 20.9M+19.4% | |
| Deferred income taxes | 38.4M+122.1% | -174M-385.4% | -35.8M-701.5% | 5.95M+129.9% | -19.9M-230.1% | |
| Change in receivables | 14.0M+143.8% | -32.0M-25.8% | -25.4M-276.3% | 14.4M+138.5% | -37.5M-179.4% | |
| Change in inventory | 5.57M+346.3% | -2.26M+87.6% | -18.2M-637.1% | 3.39M-57.7% | 8.01M+606.2% | |
| Change in payables | -62.0M-231.0% | 47.3M+389.0% | -16.4M-133.2% | 49.4M-14.5% | 57.8M-39.1% | |
| -125M-155.0% | -49.1M+60.5% | -124M-411.3% | -24.3M+84.4% | -155M-105.1% | ||
| Capital expenditure | 66.3M-8.5% | 72.4M-7.3% | 78.1M-5.5% | 82.6M-55.1% | 184M+75.3% | |
| Free cash flow | 317M+102.2% | 157M+7809.5% | 1.98M-97.9% | 92.4M-21.3% | 117M-40.4% | |
| Acquisitions | 2.20M | 0.00 | 0.00-100.0% | 5.14M-65.7% | 15.0M+126.9% | |
| Other investing activities | -2.10M+80.8% | -11.0M-583.0% | -1.61M+62.3% | -4.26M | 0.00+100.0% | |
| -445M-45.8% | -305M-918.1% | -30.0M+84.9% | -198M+40.0% | -330M-40.4% | ||
| Long-term debt issued | 1.00B | 0.00-100.0% | 267M | 0.00-100.0% | 1.20B+30.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 378M | 0.00 | 0.00-100.0% | 13.4M | 0.00 | |
| Dividends paid | 51.1M+42.0% | 36.0M+2.1% | 35.2M+1.4% | 34.7M-0.2% | 34.8M+1.5% | |
| Other financing activities | 5.56M+221.7% | -4.57M+27.9% | -6.34M-72.6% | -3.67M+61.1% | -9.44M-74.4% | |
| FX effect on cash | — | — | 5.70M+135.4% | -16.1M-231.7% | -4.86M-179.7% | |
| Net change in cash | -185M-41.8% | -130M-90.9% | -68.3M-7.7% | -63.4M+66.4% | -189M-6215.8% | |
| Interest paid | 142M-15.4% | 168M+2.3% | 164M+22.2% | 134M+8.2% | 124M-18.3% | |
| Income taxes paid | 16.1M-64.7% | 45.5M+101.0% | 22.6M+55.5% | 14.6M+235.6% | 4.34M-78.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.58B+19.8% | 1.32B+70.6% | 776M+17.3% | 661M-43.0% | 1.16B+8.6% | |
| P/E | 11.0× | — | — | 20.7× | — | |
| P/S | 0.8×+28.2% | 0.7×+18.3% | 0.6×+201.5% | 0.2×-42.0% | 0.3×+5.1% | |
| P/B | — | — | — | — | 10.3×-31.9% | |
| P/FCF | 5.0×-40.8% | 8.4×+26.8% | 6.7× | — | 9.9×+82.1% | |
| Earnings yield | 9.1% | — | — | 4.8% | — | |
| FCF yield | 20.0%+68.8% | 11.8%-21.2% | 15.0% | — | 10.1%-45.1% | |
| Dividend yield | 2.8%+2.7% | 2.8%-39.2% | 4.5%-13.6% | 5.3%+74.5% | 3.0%-7.1% | |
| Source filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PBI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PBI filings on SEC EDGAR → Not investment advice.