PBI Chart
About

Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services. This segment also provides financing alternatives to finance other manufacturers' equipment and product purchases. The Presort Services segment operates as a workshare partner of the United States Postal Service; and offers mail sortation services. It markets its products, solutions, and services through direct and inside sales force, partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Shelton, Connecticut.

Fundamentals
Scroll to Statements
Sector Industrials Industry Integrated Freight & Log Market Cap 1.70B
Enterprise Value 3.45B Income 144.70M Sales 1.89B
Book/sh -5.32 Cash/sh 1.98 Dividend Yield 3.40%
Payout 35.71% Employees 6600 IPO
P/E 12.61 Forward P/E 6.84 PEG
P/S 0.90 P/B -1.99 P/C
EV/EBITDA 7.02 EV/Sales 1.82 Quick Ratio 0.62
Current Ratio 0.71 Debt/Eq LT Debt/Eq
EPS (ttm) 0.84 EPS next Y 1.55 EPS Growth
Revenue Growth -7.50% Earnings 2026-05-11 ROA 7.22%
ROE ROIC Gross Margin 54.10%
Oper. Margin 24.37% Profit Margin 7.65% Shs Outstand 149.50M
Shs Float 139.69M Short Float 17.58% Short Ratio 8.33
Short Interest 52W High 13.11 52W Low 7.40
Beta 1.44 Avg Volume 2.26M Volume 2.58M
Target Price $12.50 Recom Hold Prev Close $10.67
Price $10.59 Change -0.75%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.50
Mean price target
2. Current target
$10.59
Latest analyst target
3. DCF / Fair value
$21.31
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.59
Low
$9.50
High
$17.00
Mean
$12.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-18 reit Citizens Market Outperform → Market Outperform $13
2025-12-12 init Truist Securities — → Hold $11
2025-12-03 init Citizens — → Market Outperform $13
2025-11-03 init Goldman Sachs — → Neutral $11
2019-10-24 init National Securities Corporation — → Buy
2019-02-06 down Northcoast Research Buy → Neutral
2018-06-01 init Maxim Group — → Buy $12
2017-11-02 main Loop Capital — → Hold $12
2017-08-02 up Sidoti & Co. Neutral → Buy
2017-07-28 init Loop Capital — → Hold $16
2015-06-15 init Ladenburg Thalmann — → Buy
2014-07-28 up Brean Capital Hold → Buy
2013-10-30 main Deutsche Bank — → Hold $18
2013-07-24 init Piper Sandler — → Neutral $16
2013-07-23 init Piper Sandler — → Neutral $16
2013-03-11 init Sidoti & Co. — → Buy $19
2012-11-02 main Goldman Sachs — → Neutral $14
2012-08-03 main Deutsche Bank — → Hold $13
2012-07-31 down Brean Capital Buy → Hold
2012-06-26 up Goldman Sachs Sell → Neutral $15
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 28524 305180.0 Sale at price 10.60 - 10.70 per share. FREEMEN-BOSWORTH LAUREN General Counsel 2026-03-02 00:00:00 D
1 28000 167720.0 Conversion of Exercise of derivative security at price 5.99 per share. FREEMEN-BOSWORTH LAUREN General Counsel 2026-02-27 00:00:00 D
2 4000 43140.0 Purchase at price 10.78 per share. BRIMM PETER CHRISTOPHER Director 2026-02-27 00:00:00 D
3 8847 nan PFEIFFER DEBORAH Officer 2026-02-26 00:00:00 D
4 6319 nan FREEMEN-BOSWORTH LAUREN General Counsel 2026-02-26 00:00:00 D
5 1659 nan DEFINA LAUREN THOMAS Officer 2026-02-26 00:00:00 D
6 23855 nan PFEIFFER DEBORAH Officer 2026-02-24 00:00:00 D
7 7880 nan FREEMEN-BOSWORTH LAUREN General Counsel 2026-02-24 00:00:00 D
8 150000 1545750.0 Sale at price 10.30 per share. WOLF KURT JAMES Chief Executive Officer 2026-02-23 00:00:00 I
9 2000 20002.0 Purchase at price 10.00 per share. ROSENTHAL BRENT DAVID Director 2025-11-25 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-21.20M-34.78M-36.31M-31.24K
TaxRateForCalcs0.250.210.210.23
NormalizedEBITDA491.05M337.89M340.50M387.26M
TotalUnusualItems-85.49M-165.64M-172.92M-137.00K
TotalUnusualItemsExcludingGoodwill-85.49M-165.64M-172.92M-137.00K
NetIncomeFromContinuingOperationNetMinorityInterest144.70M102.50M-61.27M145.70M
ReconciledDepreciation111.58M114.48M112.72M111.17M
ReconciledCostOfRevenue868.77M964.30M1.05B1.38B
EBITDA405.56M172.25M167.57M387.12M
EBIT293.98M57.77M54.85M275.96M
NetInterestIncome-101.46M-110.09M-98.77M-87.31M
InterestExpense101.46M110.09M98.77M87.31M
NormalizedIncome208.99M233.36M75.34M145.80M
NetIncomeFromContinuingAndDiscontinuedOperation144.70M-203.60M-385.63M36.94M
TotalExpenses1.51B1.71B1.86B2.20B
RentExpenseSupplemental17.46M19.61M25.11M24.43M
DilutedAverageShares173.04M182.53M175.64M177.25M
BasicAverageShares171.60M179.51M175.28M175.90M
DilutedEPS0.84-1.13-2.200.21
BasicEPS0.84-1.13-2.200.21
DilutedNIAvailtoComStockholders144.70M-203.60M-385.63M36.94M
NetIncomeCommonStockholders144.70M-203.60M-385.63M36.94M
NetIncome144.70M-203.60M-385.63M36.94M
NetIncomeIncludingNoncontrollingInterests144.70M-203.60M-385.63M36.94M
NetIncomeDiscontinuousOperations0.00-306.10M-324.36M-108.76M
NetIncomeContinuousOperations144.70M102.50M-61.27M145.70M
TaxProvision47.83M-154.83M17.35M42.96M
PretaxIncome192.52M-52.33M-43.92M188.65M
OtherIncomeExpense-93.03M-254.68M-164.67M-4.45M
OtherNonOperatingIncomeExpenses-7.54M-89.04M8.26M-4.31M
SpecialIncomeCharges-85.49M-165.64M-172.92M-137.00K
GainOnSaleOfPPE0.000.0014.37M1.43M
GainOnSaleOfBusiness0.000.007.69M10.20M
OtherSpecialCharges14.07M10.89M-3.06M4.99M
WriteOff0.0010.00M0.000.00
ImpairmentOfCapitalAssets0.000.00123.57M0.00
RestructuringAndMergernAcquisition71.42M144.75M52.41M17.21M
NetNonOperatingInterestIncomeExpense-101.46M-110.09M-98.77M-87.31M
InterestExpenseNonOperating101.46M110.09M98.77M87.31M
OperatingIncome387.02M312.45M219.51M280.40M
OperatingExpense636.85M749.85M811.10M821.01M
ResearchAndDevelopment15.28M31.96M29.49M35.46M
SellingGeneralAndAdministration621.57M717.89M781.61M785.54M
GrossProfit1.02B1.06B1.03B1.10B
CostOfRevenue868.77M964.30M1.05B1.38B
TotalRevenue1.89B2.03B2.08B2.48B
OperatingRevenue1.89B2.03B2.08B2.48B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber119.63M87.93M93.97M149.31M
OrdinarySharesNumber150.70M182.41M176.37M174.03M
ShareIssued270.34M270.34M270.34M323.34M
NetDebt1.71B1.45B1.55B1.54B
TotalDebt2.12B2.05B2.30B2.52B
TangibleBookValue-1.56B-1.32B-1.12B-1.08B
InvestedCapital1.19B1.34B1.78B2.27B
WorkingCapital-447.34M-354.77M159.65M70.21M
NetTangibleAssets-1.56B-1.32B-1.12B-1.08B
CapitalLeaseObligations128.15M127.72M156.45M318.27M
CommonStockEquity-802.36M-578.43M-368.58M60.65M
TotalCapitalization1.17B1.29B1.72B2.23B
TotalEquityGrossMinorityInterest-802.36M-578.43M-368.58M60.65M
StockholdersEquity-802.36M-578.43M-368.58M60.65M
GainsLossesNotAffectingRetainedEarnings-789.13M-839.17M-851.25M-835.56M
OtherEquityAdjustments-789.13M-839.17M-851.25M-835.56M
TreasuryStock2.94B2.68B2.87B4.55B
RetainedEarnings2.66B2.67B3.08B5.13B
AdditionalPaidInCapital0.000.002.48M
CapitalStock270.34M270.34M270.34M323.34M
CommonStock270.34M270.34M270.34M323.34M
TotalLiabilitiesNetMinorityInterest3.97B3.98B4.64B4.68B
TotalNonCurrentLiabilitiesNetMinorityInterest2.42B2.30B2.74B2.95B
OtherNonCurrentLiabilities42.14M38.87M42.10M54.55M
EmployeeBenefits161.75M176.16M182.01M162.43M
NonCurrentPensionAndOtherPostretirementBenefitPlans161.75M176.16M182.01M162.43M
TradeandOtherPayablesNonCurrent278.00K13.77M19.09M23.84M
NonCurrentDeferredLiabilities143.66M107.16M285.45M273.89M
NonCurrentDeferredRevenue71.00M57.98M73.97M10.76M
NonCurrentDeferredTaxesLiabilities72.67M49.19M211.48M263.13M
LongTermDebtAndCapitalLeaseObligation2.08B1.97B2.21B2.44B
LongTermCapitalLeaseObligation99.76M100.80M126.57M265.70M
LongTermDebt1.98B1.87B2.09B2.17B
CurrentLiabilities1.55B1.67B1.90B1.73B
OtherCurrentLiabilities257.11M
CurrentDeferredLiabilities923.96M971.88M716.58M942.94M
CurrentDeferredRevenue923.96M971.88M716.58M942.94M
CurrentDebtAndCapitalLeaseObligation45.55M80.16M88.81M85.34M
CurrentCapitalLeaseObligation28.40M26.91M29.88M52.58M
CurrentDebt17.15M53.25M58.93M32.76M
OtherCurrentBorrowings17.15M53.25M58.93M32.76M
PensionandOtherPostRetirementBenefitPlansCurrent187.15M234.90M240.16M216.27M
PayablesAndAccruedExpenses391.19M385.79M835.94M483.25M
CurrentAccruedExpenses155.94M143.10M139.58M165.80M
Payables235.25M242.69M835.94M317.45M
TotalTaxPayable5.21M2.95M6.52M2.10M
IncomeTaxPayable5.21M2.95M6.52M2.10M
AccountsPayable230.04M239.74M829.42M315.35M
TotalAssets3.17B3.40B4.27B4.74B
TotalNonCurrentAssets2.07B2.08B2.21B2.94B
OtherNonCurrentAssets84.64M85.65M90.81M120.44M
NonCurrentNoteReceivables627.12M587.43M
NonCurrentAccountsReceivable700.54M710.09M714.08M673.74M
InvestmentsAndAdvances204.88M190.44M250.24M259.98M
GoodwillAndOtherIntangibleAssets761.43M736.78M754.81M1.14B
OtherIntangibleAssets14.74M15.78M20.40M77.94M
Goodwill746.69M721.00M734.41M1.07B
NetPPE316.96M356.60M404.15M744.29M
AccumulatedDepreciation-863.53M-879.90M-885.04M-981.10M
GrossPPE1.18B1.24B1.29B1.73B
Leases77.08M84.99M89.00M127.36M
OtherProperties164.57M177.65M203.21M407.32M
MachineryFurnitureEquipment938.85M973.87M996.98M1.19B
BuildingsAndImprovements126.46M
Properties0.000.000.000.00
CurrentAssets1.10B1.32B2.06B1.80B
OtherCurrentAssets69.45M66.03M76.04M115.82M
AssetsHeldForSaleCurrent0.00532.44M
Inventory66.24M59.84M63.05M83.72M
FinishedGoods20.91M24.34M23.33M30.61M
RawMaterials45.33M35.50M39.72M53.11M
Receivables667.69M705.99M764.34M917.32M
OtherReceivables496.45M535.61M563.54M564.97M
TaxesReceivable3.14M10.43M564.00K8.79M
LoansReceivable564.97M560.68M
AccountsReceivable168.10M159.95M200.24M343.56M
AllowanceForDoubtfulAccountsReceivable-7.51M-7.72M-5.29M-5.34M
GrossAccountsReceivable175.61M167.67M205.53M348.90M
CashCashEquivalentsAndShortTermInvestments297.12M486.10M622.22M681.15M
OtherShortTermInvestments12.23M16.37M22.17M11.17M
CashAndCashEquivalents284.89M469.73M600.05M669.98M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow316.98M156.77M1.98M92.41M
RepurchaseOfCapitalStock-378.36M0.000.00-13.45M
RepaymentOfDebt-934.32M-233.93M-322.89M-124.10M
IssuanceOfDebt1.00B0.00266.75M0.00
CapitalExpenditure-66.28M-72.40M-78.11M-82.63M
InterestPaidSupplementalData167.89M164.05M134.25M124.08M
IncomeTaxPaidSupplementalData45.48M22.63M14.55M4.34M
EndCashPosition284.89M469.73M600.05M668.33M
BeginningCashPosition469.73M600.05M668.33M731.73M
EffectOfExchangeRateChanges2.36M-4.99M5.73M-16.09M
ChangesInCash-187.20M-125.34M-74.01M-47.31M
FinancingCashFlow-445.36M-305.45M-30.00M-198.08M
CashFromDiscontinuedFinancingActivities0.00-6.86M-8.00M-9.62M
CashFlowFromContinuingFinancingActivities-445.36M-298.60M-22.00M-188.46M
NetOtherFinancingCharges-61.92M-28.71M69.35M-16.20M
ProceedsFromStockOptionExercised-24.70M0.000.00
CashDividendsPaid-51.06M-35.96M-35.22M-34.72M
CommonStockDividendPaid-51.06M-35.96M-35.22M-34.72M
NetCommonStockIssuance-378.36M0.000.00-13.45M
CommonStockPayments-378.36M0.000.00-13.45M
NetIssuancePaymentsOfDebt70.68M-233.93M-56.14M-124.10M
NetLongTermDebtIssuance70.68M-233.93M-56.14M-124.10M
LongTermDebtPayments-934.32M-233.93M-322.89M-124.10M
LongTermDebtIssuance1.00B0.00266.75M0.00
InvestingCashFlow-125.10M-49.06M-124.10M-24.27M
CashFromDiscontinuedInvestingActivities0.00-7.38M-24.77M-42.21M
CashFlowFromContinuingInvestingActivities-125.10M-41.67M-99.33M17.94M
NetOtherInvestingChanges-50.19M-15.73M-28.15M1.92M
NetInvestmentPurchaseAndSale-6.43M46.46M6.93M-7.80M
SaleOfInvestment28.34M76.56M25.82M28.72M
PurchaseOfInvestment-34.77M-30.10M-18.89M-36.52M
NetBusinessPurchaseAndSale-2.20M0.000.00106.45M
SaleOfBusiness0.000.00111.59M27.57M
PurchaseOfBusiness-2.20M0.000.00-5.14M
CapitalExpenditureReported-66.28M-72.40M-78.11M-82.63M
OperatingCashFlow383.26M229.17M80.09M175.04M
CashFromDiscontinuedOperatingActivities0.00-47.28M-154.50M-165.71M
CashFlowFromContinuingOperatingActivities383.26M276.45M234.60M340.75M
ChangeInWorkingCapital16.16M102.98M68.00M41.64M
ChangeInOtherWorkingCapital-10.29M-39.95M22.57M9.03M
ChangeInOtherCurrentAssets817.00K996.00K20.82M13.62M
ChangeInPayablesAndAccruedExpense-62.03M47.35M-16.39M49.40M
ChangeInInventory-5.57M2.26M18.21M-3.39M
ChangeInReceivables93.22M92.33M22.79M-27.01M
ChangesInAccountReceivables-14.00M31.98M25.43M-14.42M
OtherNonCashItems28.53M-44.30M-6.23M25.39M
StockBasedCompensation14.15M16.52M8.86M16.31M
ProvisionandWriteOffofAssets4.33M32.55M14.22M7.02M
AssetImpairmentCharge268.00K10.00M123.57M0.00
DeferredTax38.41M-173.71M-35.79M5.95M
DeferredIncomeTax38.41M-173.71M-35.79M5.95M
DepreciationAmortizationDepletion111.58M114.48M112.72M111.17M
DepreciationAndAmortization111.58M114.48M112.72M111.17M
OperatingGainsLosses25.14M115.42M10.51M-12.41M
PensionAndEmployeeBenefitExpense0.0091.34M0.000.00
GainLossOnInvestmentSecurities-11.63M
GainLossOnSaleOfPPE11.07M13.19M13.57M9.17M
GainLossOnSaleOfBusiness0.000.00-12.21M-10.20M
NetIncomeFromContinuingOperations144.70M102.50M-61.27M145.70M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PBI
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status