15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 11.8% per year over the past 5 years.
Free cash flow has grown 10.0% per year over the past 5 years.
Financial health
Total debt ($2.0B) exceeds cash ($285M); net debt is $1.7B.
Total debt has grown faster than revenue (-4.9% vs -11.8% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 35.3% of earnings and 16.1% of free cash flow.
The dividend has grown 8.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.9B
$145M
0.0%
0.0%
-18.0%
4.6%
$317M
$2.0B
$285M
2024
$2.0B
-$204M
52.4%
0.0%
35.2%
-6.0%
$157M
$1.9B
$470M
2023
$2.1B
-$386M
49.6%
0.0%
104.6%
-9.0%
$2M
$2.1B
$600M
2022
$2.5B
$37M
0.0%
0.0%
60.9%
0.8%
$92M
$2.2B
$668M
2021
$3.7B
-$1M
30.5%
0.0%
-1.2%
-0.0%
$117M
$2.3B
$732M
2020
$3.6B
-$180M
32.3%
0.0%
-255.4%
-3.5%
$197M
$2.6B
$921M
2019
$3.2B
$194M
40.0%
0.0%
67.2%
3.6%
$131M
$2.7B
$924M
2018
$3.2B
$242M
44.3%
0.0%
237.4%
4.1%
$207M
$3.3B
$867M
2017
$2.8B
$244M
48.5%
0.0%
797.1%
3.7%
$336M
$3.8B
$1.0B
2016
$3.0B
$93M
49.2%
0.0%
-89.5%
1.6%
$337M
$3.4B
$765M
2015
$3.6B
$408M
56.4%
0.0%
228.3%
6.7%
$356M
$3.0B
$640M
2014
$3.8B
$334M
56.0%
0.0%
432.0%
5.2%
$475M
$3.2B
$1.0B
2013
$3.8B
$143M
56.5%
0.0%
69.6%
2.1%
$487M
$3.3B
$881M
2012
$3.8B
$445M
58.6%
0.0%
349.4%
5.7%
$484M
$4.0B
$902M
2011
$4.0B
$617M
0.0%
0.0%
-2779.8%
7.6%
$793M
$7.4B
$856M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$456M
$53M
0.0%
0.0%
-6.3%
1.8%
$140M
$1.9B
$269M
Jun '26
$451M
$50M
0.0%
0.0%
-5.8%
1.7%
$134M
$2.0B
$267M
Mar '26
$477M
$58M
0.0%
0.0%
-6.5%
1.8%
$28M
$2.1B
$303M
Dec '25
$478M
$27M
0.0%
0.0%
-3.4%
0.9%
$201M
$2.0B
$285M
Sep '25
$460M
$52M
0.0%
0.0%
-7.9%
1.6%
$51M
$2.1B
$321M
Jun '25
$462M
$30M
0.0%
0.0%
-5.6%
0.9%
$98M
$1.9B
$285M
Mar '25
$493M
$35M
0.0%
0.0%
-6.6%
1.1%
-$34M
$1.9B
$324M
Dec '24
$516M
-$37M
53.8%
0.0%
6.5%
-1.1%
$112M
$1.9B
$470M
Sep '24
$499M
-$138M
52.4%
0.0%
26.7%
-3.8%
-$5M
$2.1B
$562M
Jun '24
$490M
-$25M
51.1%
0.0%
5.8%
-0.6%
$76M
$2.1B
$590M
Mar '24
$521M
-$3M
52.3%
0.0%
0.7%
-0.1%
-$27M
$2.1B
$516M
Dec '23
$526M
-$224M
50.9%
0.0%
60.7%
-5.2%
$66M
$2.1B
$600M
Sep '23
$503M
-$13M
50.7%
0.0%
10.0%
-0.3%
$30M
$2.2B
$558M
Jun '23
$501M
-$142M
49.0%
0.0%
187.5%
-3.2%
-$26M
$2.1B
$542M
Mar '23
$835M
-$8M
65.7%
0.0%
-12.9%
-0.2%
-$68M
$2.2B
$512M
Dec '22
$909M
$6M
0.0%
0.0%
10.4%
0.1%
$139M
$2.2B
$668M
Sep '22
$831M
$5M
0.0%
0.0%
-66.3%
0.1%
-$70M
$2.2B
$597M
Jun '22
$871M
$4M
0.0%
0.0%
9.8%
0.1%
$4M
$2.2B
$571M
Mar '22
$927M
$21M
0.0%
0.0%
22.4%
0.4%
-$22M
$2.2B
$623M
Dec '21
$984M
$1M
27.6%
0.0%
1.1%
0.0%
$42M
$2.3B
$732M
Valuation over time
How the market has priced PBI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 14.2× (Mar '23) to 14.5× (Nov '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 1.1× (Nov '26).
The dividend yield has fallen from 6.6% (Mar '23) to 2.4% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PBI growing its revenue and profit?
Over the past 5 years, Pitney Bowes Inc /De/'s revenue has declined 11.8% per year. These are computed facts, not advice.
How much debt does PBI have?
As of FY2025, Pitney Bowes Inc /De/ reported $2.0B of total debt against $285M of cash.
What is PBI's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 7.6%.
What is PBI's P/E ratio?
Pitney Bowes Inc /De/'s P/E (TTM) is 11.18 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PBI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.