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
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
FCF
Total debt
Cash
2025
$1.9B
$145M
0.0%
0.0%
$317M
$2.0B
$285M
2024
$2.0B
-$204M
52.4%
0.0%
$157M
$1.9B
$470M
2023
$2.1B
-$386M
49.6%
0.0%
$2M
$2.1B
$600M
2022
$2.5B
$37M
0.0%
0.0%
$92M
$2.2B
$668M
2021
$3.7B
-$1M
30.5%
0.0%
$117M
$2.3B
$732M
2020
$3.6B
-$180M
32.3%
0.0%
$197M
$2.6B
$921M
2019
$3.2B
$194M
40.0%
0.0%
$131M
$2.7B
$924M
2018
$3.2B
$242M
44.3%
0.0%
$207M
$3.3B
$867M
2017
$2.8B
$244M
48.5%
0.0%
$336M
$3.8B
$1.0B
2016
$3.0B
$93M
49.2%
0.0%
$337M
$3.4B
$765M
2015
$3.6B
$408M
56.4%
0.0%
$356M
$3.0B
$640M
2014
$3.8B
$334M
56.0%
0.0%
$475M
$3.2B
$1.0B
2013
$3.8B
$143M
56.5%
0.0%
$487M
$3.3B
$881M
2012
$3.8B
$445M
58.6%
0.0%
$484M
$4.0B
$902M
2011
$4.0B
$617M
0.0%
0.0%
$793M
$7.4B
$856M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$477M
$58M
0.0%
0.0%
$28M
$2.1B
$303M
Dec '25
$478M
$27M
0.0%
0.0%
$201M
$2.0B
$285M
Sep '25
$460M
$52M
0.0%
0.0%
$51M
$2.1B
$321M
Jun '25
$462M
$30M
0.0%
0.0%
$98M
$1.9B
$285M
Mar '25
$493M
$35M
0.0%
0.0%
-$34M
$1.9B
$324M
Dec '24
$516M
-$37M
53.8%
0.0%
$112M
$1.9B
$470M
Sep '24
$499M
-$138M
52.4%
0.0%
-$5M
$2.1B
$562M
Jun '24
$490M
-$25M
51.1%
0.0%
$76M
$2.1B
$590M
Mar '24
$521M
-$3M
52.3%
0.0%
-$27M
$2.1B
$516M
Dec '23
$526M
-$224M
50.9%
0.0%
$66M
$2.1B
$600M
Sep '23
$503M
-$13M
50.7%
0.0%
$30M
$2.2B
$558M
Jun '23
$501M
-$142M
49.0%
0.0%
-$26M
$2.1B
$542M
Mar '23
$835M
-$8M
65.7%
0.0%
-$68M
$2.2B
$512M
Dec '22
$909M
$6M
0.0%
0.0%
$139M
$2.2B
$668M
Sep '22
$831M
$5M
0.0%
0.0%
-$70M
$2.2B
$597M
Jun '22
$871M
$4M
0.0%
0.0%
$4M
$2.2B
$571M
Mar '22
$927M
$21M
0.0%
0.0%
-$22M
$2.2B
$623M
Dec '21
$984M
$1M
27.6%
0.0%
$42M
$2.3B
$732M
Sep '21
$875M
$9M
31.3%
0.0%
$14M
$2.3B
$729M
Jun '21
$899M
$20M
32.1%
0.0%
$38M
$2.4B
$799M
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 16.4× (Jun '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 1.3× (Jun '26).
The dividend yield has fallen from 6.6% (Mar '23) to 2.2% (Jun '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 Jun '26, Pitney Bowes Inc /De/ traded at a price-to-earnings ratio of about 16.4× (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.