PBI
Pitney Bowes Inc
NYSE: PBI · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$15.75
-0.44% today
Updated 2026-04-29
Market cap
$2.31B
P/E ratio
18.40
P/S ratio
1.22x
EPS (TTM)
$0.84
Dividend yield
1.90%
52W range
$9 – $16
Volume
3.3M
Pitney Bowes Inc (PBI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $6.13B | $6.26B | $5.57B | $5.42B | $5.28B | $4.90B | $3.87B | $3.82B | $3.58B | $2.98B | $3.55B | $3.21B | $3.21B | $3.55B | $3.67B | $3.54B | $3.27B | $2.03B | $1.89B |
| Revenue growth (YoY) | — | +6.6% | +2.2% | -11.1% | -2.6% | -2.7% | -7.1% | -21.1% | -1.3% | -6.4% | -16.7% | +19.1% | -9.5% | -0.2% | +10.9% | +3.3% | -3.7% | -7.7% | -38.0% | -6.6% |
| Cost of revenue | $2.66B | $2.87B | $2.98B | $2.74B | $2.68B | $2.61B | $2.43B | $1.70B | $1.68B | $1.56B | $1.23B | $1.72B | $1.79B | $1.92B | $2.40B | $2.55B | $2.46B | $243.37M | $964.30M | $868.77M |
| Gross profit | $3.09B | $3.26B | $3.28B | $2.83B | $2.75B | $2.66B | $2.47B | $2.17B | $2.14B | $2.02B | $1.75B | $1.83B | $1.42B | $1.28B | $1.15B | $1.12B | $1.08B | $3.02B | $1.06B | $1.02B |
| Gross margin | 53.7% | 53.2% | 52.4% | 50.8% | 50.6% | 50.5% | 50.4% | 56.1% | 56.0% | 56.4% | 58.8% | 51.5% | 44.3% | 40.0% | 32.3% | 30.5% | 30.5% | 92.5% | 52.4% | 54.1% |
| R&D | $165.37M | $185.66M | $205.62M | $182.19M | $156.37M | $148.65M | $136.91M | $110.41M | $109.93M | $110.16M | $107.38M | $129.77M | $58.52M | $51.26M | $38.38M | $46.78M | $43.66M | $41.41M | $31.96M | $15.28M |
| SG&A | $1.76B | $1.91B | $1.95B | $1.80B | $1.76B | $1.73B | $1.60B | $1.43B | $1.38B | $1.28B | $1.20B | $1.24B | $1.12B | $1.00B | $963.32M | $924.16M | $905.57M | $897.43M | $717.89M | $621.57M |
| Operating income | $1.16B | $1.17B | $1.13B | $849.10M | $851.47M | $800.33M | $739.25M | $646.50M | $655.95M | $634.56M | $572.49M | $456.10M | $393.18M | $222.41M | $142.32M | $155.44M | $159.32M | $-406.50M | $312.45M | $387.02M |
| Operating margin | 20.2% | 19.0% | 18.0% | 15.2% | 15.7% | 15.2% | 15.1% | 16.7% | 17.2% | 17.7% | 19.2% | 12.8% | 12.2% | 6.9% | 4.0% | 4.2% | 4.5% | -12.4% | 15.4% | 20.4% |
| EBITDA | $1.52B | $1.29B | $1.32B | $1.13B | $940.44M | $780.24M | $954.25M | $702.71M | $722.55M | $870.83M | $542.50M | $576.27M | $451.97M | $297.19M | $83.01M | $251.96M | $294.23M | $-406.50M | $182.38M | $405.56M |
| EBITDA margin | 26.4% | 21.1% | 21.1% | 20.3% | 17.3% | 14.8% | 19.5% | 18.2% | 18.9% | 24.3% | 18.2% | 16.2% | 14.1% | 9.3% | 2.3% | 6.9% | 8.3% | -12.4% | 9.0% | 21.4% |
| EBIT | $1.14B | $911.25M | $942.52M | $793.38M | $636.79M | $508.10M | $698.70M | $507.80M | $524.46M | $697.51M | $364.02M | $393.94M | $303.50M | $138.05M | $-77.62M | $89.11M | $130.41M | $-406.50M | $67.89M | $293.98M |
| Interest expense | $228.42M | $250.54M | $229.34M | $208.85M | $203.91M | $203.06M | $192.66M | $186.99M | $169.45M | $159.37M | $144.21M | $164.16M | $159.76M | $155.56M | $153.91M | $143.94M | $139.09M | $63.28M | $110.09M | $101.46M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $539.43M | $366.78M | $419.79M | $423.44M | $292.38M | $617.48M | $445.16M | $142.84M | $333.75M | $407.94M | $111.85M | $261.34M | $181.20M | $13.30M | $-190.49M | $3.51M | $36.94M | $-385.63M | $10.24M | $144.70M |
| Net income growth (YoY) | — | -32.0% | +14.5% | +0.9% | -31.0% | +111.2% | -27.9% | -67.9% | +133.7% | +22.2% | -72.6% | +133.7% | -30.7% | -92.7% | -1532.7% | +101.8% | +953.3% | -1143.9% | +102.7% | +1312.4% |
| Profit margin | 9.4% | 6.0% | 6.7% | 7.6% | 5.4% | 11.7% | 9.1% | 3.7% | 8.7% | 11.4% | 3.8% | 7.4% | 5.6% | 0.4% | -5.4% | 0.1% | 1.0% | -11.8% | 0.5% | 7.6% |