Pitney Bowes Inc. (PBI) Income Statement
PBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPBI revenue and net income
Where PBI's revenue goes
2025Each bar shows an amount and its share of revenue. PBI kept 7.6% of revenue as net income.
PBI profit margins
PBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.6% | −18.8% | −11.8% | −6.2% |
| Gross profit | −3.6% | −1.8% | −2.3% | −6.6% |
| Operating income | +23.9% | +34.4% | +22.2% | −4.8% |
| Net income | +1,312.4% | +57.6% | — | −9.8% |
| EPS (diluted) | +121.8% | +85.9% | +32.4% | −3.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PBI quarterly EPS vs estimates
Pitney Bowes beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.36).
PBI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $2.03B | $3.27B | $3.54B | $3.67B | $3.55B | $3.21B | $3.21B | $3.55B | $2.98B |
| Cost of revenue | $868.8M | $964.3M | $243.4M | $2.46B | $2.55B | $2.40B | $1.92B | $1.79B | $1.72B | $1.23B |
| Gross profit | $1.02B | $1.06B | $3.02B | $1.08B | $1.12B | $1.15B | $1.28B | $1.42B | $1.83B | $1.75B |
| Research & development | $15.3M | $32.0M | $41.4M | $43.7M | $46.8M | $38.4M | $51.3M | $58.5M | $129.8M | $107.4M |
| Sales, general & admin | $621.6M | $717.9M | $897.4M | $905.6M | $924.2M | $963.3M | $1.00B | $1.12B | $1.24B | $1.20B |
| Total operating expenses | $636.8M | $749.9M | $3.43B | $921.0M | $966.4M | $1.01B | $1.06B | $1.03B | $1.37B | $1.04B |
| Operating income | $387.0M | $312.4M | −$406.5M | $159.3M | $155.4M | $142.3M | $222.4M | $393.2M | $456.1M | $572.5M |
| Interest income | $101.5M | $110.1M | $98.8M | $90.0M | $96.9M | $105.8M | $105.8M | $148.8M | $118.0M | $89.0M |
| Interest expense | $101.5M | $110.1M | $63.3M | $139.1M | $143.9M | $153.9M | $155.6M | $159.8M | $164.2M | $144.2M |
| Income before taxes | $192.5M | −$52.3M | −$406.5M | $39.9M | −$7.4M | −$183.4M | $27.1M | $188.1M | $283.0M | $201.8M |
| Income taxes | $47.8M | −$154.8M | −$20.9M | $2.9M | −$10.9M | $7.1M | −$13.0M | $6.4M | $21.6M | $107.0M |
| Net income | $144.7M | $10.2M | −$385.6M | $36.9M | $3.5M | −$190.5M | $13.3M | $181.2M | $261.3M | $111.8M |
| EBITDA | $405.6M | $182.4M | −$406.5M | $294.2M | $252.0M | $83.0M | $297.2M | $452.0M | $576.3M | $542.5M |
| EPS (diluted) | $1.22 | $0.55 | −$0.03 | $0.19 | $0.32 | $0.30 | $0.71 | $1.21 | $1.42 | $1.70 |
| Gross margin | 54.1% | 52.4% | 92.5% | 30.5% | 30.5% | 32.3% | 40.0% | 44.3% | 51.5% | 58.8% |
| Operating margin | 20.4% | 15.4% | −12.4% | 4.5% | 4.2% | 4.0% | 6.9% | 12.2% | 12.8% | 19.2% |
| Net margin | 7.6% | 0.5% | −11.8% | 1.0% | 0.1% | −5.4% | 0.4% | 5.6% | 7.4% | 3.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $451.5M | $477.4M | $477.6M | $459.7M | $461.9M | $493.4M | $516.1M | $499.5M | $489.7M | $521.3M | $526.4M | $503.0M |
| Cost of revenue | $209.2M | $217.6M | $214.7M | $215.4M | $214.4M | $224.3M | $238.5M | $238.0M | $239.3M | $248.5M | $258.6M | $248.0M |
| Gross profit | $242.3M | $259.8M | $262.9M | $244.3M | $247.5M | $269.1M | $277.6M | $261.5M | $250.5M | $272.7M | $267.8M | $255.0M |
| Research & development | $3.4M | $3.8M | $3.5M | $3.4M | $3.6M | $4.8M | $9.5M | $7.6M | $7.3M | $7.6M | $8.1M | $7.7M |
| Sales, general & admin | $141.0M | $144.4M | $135.5M | $145.8M | $172.5M | $167.8M | $148.3M | $190.0M | $219.6M | $186.8M | $206.7M | $209.4M |
| Total operating expenses | $144.4M | $148.2M | $139.0M | $149.2M | $176.1M | $172.5M | $157.8M | $197.6M | $200.1M | $194.5M | $206.5M | $178.5M |
| Operating income | $97.9M | $111.6M | $123.9M | $95.1M | $71.4M | $96.6M | $119.8M | $63.9M | $50.4M | $78.3M | $61.3M | $76.5M |
| Interest income | — | — | $26.2M | $26.1M | $24.9M | $24.3M | $26.8M | $27.8M | — | — | — | $26.8M |
| Interest expense | $28.6M | $26.0M | $26.2M | $26.1M | $24.9M | $24.3M | $26.8M | $27.8M | $28.8M | $27.3M | $45.6M | $43.2M |
| Income before taxes | $65.5M | $80.5M | $38.4M | $68.1M | $39.3M | $46.7M | −$48.2M | −$43.9M | −$7.9M | $47.6M | −$62.6M | $26.9M |
| Income taxes | $15.6M | $22.3M | $11.0M | $16.2M | $9.3M | $11.3M | −$6.1M | −$166.5M | $2.3M | $15.5M | −$984,000 | $9.1M |
| Net income | $49.9M | $58.1M | $27.3M | $52.0M | $30.0M | $35.4M | −$42.4M | $80.4M | −$24.9M | −$2.9M | −$223.8M | −$12.5M |
| EBITDA | $117.8M | $132.1M | $91.6M | $121.6M | $93.0M | $99.3M | $9.5M | $15.1M | $51.5M | $106.4M | $15.1M | $58.2M |
| EPS (diluted) | $0.43 | $0.47 | $0.45 | $0.31 | $0.27 | $0.19 | $0.32 | $0.21 | $0.03 | −$0.01 | $0.07 | −$0.07 |
| Gross margin | 53.7% | 54.4% | 55.1% | 53.1% | 53.6% | 54.5% | 53.8% | 52.4% | 51.1% | 52.3% | 50.9% | 50.7% |
| Operating margin | 21.7% | 23.4% | 25.9% | 20.7% | 15.5% | 19.6% | 23.2% | 12.8% | 10.3% | 15.0% | 11.6% | 15.2% |
| Net margin | 11.1% | 12.2% | 5.7% | 11.3% | 6.5% | 7.2% | −8.2% | 16.1% | −5.1% | −0.6% | −42.5% | −2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PBI's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PBI financial results
In fiscal year 2025 (ended December 31, 2025), Pitney Bowes reported revenue of $1.9 billion, down 6.6% from the year before. It had net income of $144.7 million (up 1,312.4%), a net profit margin of 7.6%. Diluted earnings per share came to $1.22. Over five years revenue grew at an average rate of −11.8% a year.
See the PBI stock overview for the latest quote and news, or the PBI chart for price history and technical indicators.
PBI income statement FAQ
What is Pitney Bowes's annual revenue?
Pitney Bowes reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.6% from $2.0 billion the previous year.
Is Pitney Bowes profitable?
Yes. Pitney Bowes reported net income of $144.7 million in fiscal 2025, a net profit margin of 7.6%; its operating margin was 20.4%.
What is Pitney Bowes's gross margin?
Pitney Bowes's gross margin was 54.1% in fiscal 2025: for every $100 of revenue, Pitney Bowes kept $54 after the direct cost of its products and services.
How much does Pitney Bowes spend on research and development?
Pitney Bowes spent $15.3 million on research and development in fiscal 2025, 0.8% of revenue.
How fast is Pitney Bowes growing?
Revenue grew −11.8% a year on average over the last five fiscal years, from $3.6 billion to $1.9 billion.
What are Pitney Bowes's earnings per share?
Pitney Bowes earned $1.22 per diluted share in fiscal 2025, compared with $0.55 a year earlier.
When will Pitney Bowes report its next earnings?
Pitney Bowes is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Pitney Bowes's fiscal year end?
Pitney Bowes's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.