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
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
Sep '21
$875M
$9M
31.3%
0.0%
18.6%
0.2%
$14M
$2.3B
$729M
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 14.4× (Mar '23) to 16.7× (Sep '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 1.3× (Sep '26).
The dividend yield has fallen from 6.5% (Mar '23) to 2.1% (Sep '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?
As of Sep '26, Pitney Bowes Inc /De/ traded at a price-to-earnings ratio of about 16.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.