NYSE: PBI
PITNEY BOWES INC /DE/CIK 0000078814 · Information Technology · SIC 3579 · Office Machines, NEC
Pitney Bowes Inc. ("we, us, our, or the company") is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world - including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and… About this business →
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Pitney Bowes adds La Vonda Williams to Board, assigns to Strategic Review Committee
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Pitney Bowes redeems $347M of 2027 notes, upsizes term loan by $150M
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Pitney Bowes extends credit facilities to 2031, adds stepped-down leverage covenants
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PBI Q1 net income up 3.2% to $58M on cost cuts; revenue down 3%; Presort margin falls 610bp
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Pitney Bowes raises 2026 guidance, returns $565M via buybacks, doubles dividend to $0.10
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Latest financial statements
From 10-Q filed Jul 30, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 451.5 | 477.4 |
| Operating expenses: | ||
| Research and development | 3.4 | 3.8 |
| Selling, general and administrative | 128.7 | 133.4 |
| Total operating expenses | 386.0 | 396.9 |
| Income before income taxes | 65.5 | 80.5 |
| Income tax expense/(benefit) | 15.6 | 22.3 |
| Net income | 49.9 | 58.1 |
| Basic earnings per share | 0.37 | 0.40 |
| Diluted earnings per share | 0.36 | 0.39 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 266.8 | 302.9 |
| Short-term investments | 11.9 | 11.1 |
| Accounts receivable, net | 147.9 | 158.6 |
| Inventories | 20.0 | 18.6 |
| Prepaid expenses and other current assets | 79.2 | 109.9 |
| Other current assets | 514.0 | 528.3 |
| Total current assets | 1,040 | 1,129 |
| Operating lease right-of-use assets, net | 103.3 | 108.4 |
| Finite-lived intangible assets, net | 12.9 | 13.8 |
| Goodwill | 740.4 | 742.9 |
| Deferred income taxes and other assets | 90.0 | 92.9 |
| Other long-term assets | 1,033 | 1,060 |
| TOTAL ASSETS | 3,020 | 3,147 |
| Current liabilities: | ||
| Current portion of long-term debt | 23.1 | 364.0 |
| Current portion of operating lease liabilities | 29.9 | 29.3 |
| Income taxes payable | 3.1 | 11.4 |
| Deferred revenue, current | 71.7 | 72.5 |
| Other current liabilities | 1,290 | 1,341 |
| Total current liabilities | 1,418 | 1,818 |
| Long-term debt | 2,011 | 1,774 |
| Operating lease liabilities | 93.8 | 100.7 |
| Deferred income taxes and other liabilities | 97.6 | 81.8 |
| Other long-term liabilities | 263.1 | 265.7 |
| Total liabilities | 3,883 | 4,041 |
| Shareholders' equity: | ||
| Common stock | 270.3 | 270.3 |
| Accumulated other comprehensive income (loss) | (790.4) | (792.3) |
| Retained earnings (deficit) | 2,699 | 2,689 |
| Treasury stock | 3,042 | 3,061 |
| Total shareholders' equity | (863.3) | (893.6) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 3,020 | 3,147 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 197.1 | 44.2 |
| Investing Activities: | ||
| Net cash from investing activities | (26.7) | (9.3) |
| Financing Activities: | ||
| Net cash from financing activities | (187.5) | (16.4) |
| Net increase/(decrease) in cash | (18.1) | 18.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About PITNEY BOWES INC /DE/
Source: Item 1 (Business) from the 10-K filed February 19, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
General
Pitney Bowes Inc. ("we, us, our, or the company") is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world - including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels.
Business Segments
SendTech Solutions
SendTech Solutions provides clients with physical and digital shipping and mailing technology solutions and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats, as well as supplies and maintenance services for these offerings. We offer financing alternatives that enable clients to finance equipment. Digital delivery services enables clients to reduce transportation and logistics costs, select the best carrier based on need and cost, improve delivery times and track packages in real-time. Powered by our shipping APIs, clients can purchase postage, print shipping labels and access shipping and tracking services from multiple carriers that can be easily integrated into any web application such as online shopping carts or ecommerce sites and provide guaranteed delivery times and flexible payment options.
Through our wholly owned subsidiary, The Pitney Bowes Bank ("the Bank"), we offer financing alternatives that enable clients to finance other manufacturers' equipment and product purchases, a revolving credit solution that allows clients to make meter rental payments and purchase postage, services and supplies, an interest-bearing deposit solution to clients that prefer to prepay postage and meet working capital needs.
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Presort Services
We are the largest workshare partner of the United States Postal Service ("USPS") and national outsource provider of mail sortation services that allow clients to qualify volumes of First-Class Mail, First Class Flats, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal workshare discounts. Using our proprietary technology, we provide clients with end-to-end solutions from pick up to delivery into the postal system network, improving mail delivery and enhancing total mail value including optimizing postage savings.
Other
Other represents amounts of the prior Global Ecommerce segment that did not qualify for discontinued operations treatment, primarily related to operations that were dissolved or sold and certain shared services functions. In August 2024, we exited from the Global Ecommerce business through an orderly wind-down of these operations. See Note 4 to the Consolidated Financial Statements for further information.
Sales and Services
We market our products, solutions and services through a direct and inside sales force, global and regional partner channels, direct mailings and digital channels. We provide call-center, online and on-site support services for our products and solutions. Support services are primarily provided under maintenance contracts.
Competition
SendTech Solutions
We face competition from other mail equipment and solutions providers and those that offer online shipping and mailing products and services solutions. We differentiate ourselves through the breadth of our physical and digital offerings, including cloud-based software platforms designed to support complex, high-volume, multi-carrier shipping and mailing operations, an open platform architecture; competitive pricing; available financing and payment solutions; product reliability; support services; and our extensive knowledge of the shipping and mailing industry.
Our financing operations face competition, in varying degrees, from large, diversified financial institutions, leasing companies, commercial finance companies, commercial banks and smaller specialized firms. We believe what differentiates us from our competitors is the breadth of our financing and payment solutions and our ability to seamlessly integrate these solutions into our clients' shipping and mailing operations.
Presort Services
We face competition from regional and local presort providers, cooperatives of multiple local presort providers, consolidators and service bureaus that offer presort solutions as part of a larger bundle of outsourcing services. We also face competition from large mailers that have sufficient volumes and the capability to sort their own mailings in-house and could use excess capacity to offer presort services to others. The principal competitive factors include price, innovative service, delivery speed, tracking and reporting, industry expertise and economies of scale. Our competitive advantages include our national network of processing centers handling
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upwards of 15 billion mail pieces annually including a proprietary Mail Exchange program affording clients maximized postage discounts, improved deliverability, and proven business continuity protocols. Clients benefit from our industry expertise at all levels through local Mail Design Professional certified support resources, allowing greater access to programs like United States Postal Service ("USPS") Promotions and Incentives, saving additional costs on mailing and increasing impact of their mail. Additionally, a dedicated postal relations team ensures rapid resolution for quality and compliance. With a fleet of over 350 drivers and vehicles, we provide clients flexible logistics including a unique USPS long-haul partnership made possible by our significant scale and processing volumes, ensuring improved delivery performance and additional safeguards for participating mail, particularly during peak seasons. Our proprietary Presort Services Account offers mail management capabilities from pick-up to invoicing including tracking, reporting, and data ingestion assuring mailers complete visibility and chain of custody. Our competitive capabilities collectively result in unexpected value for mailers.
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