Pitney Bowes Inc. (PBI)

NYSE: PBI · Office Machines, NEC · Shelton, CT · filing with the SEC since 1994

Grade3.6

◀ Past 4.0● Present 3.5▶ Future 3.6

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 21, 2025	Feb 20, 2024	Feb 17, 2023	Feb 22, 2022	Feb 19, 2021	Feb 20, 2020	Feb 20, 2019	Feb 22, 2018	Feb 22, 2017
Revenue	1,892,629	2,026,598	2,078,925^r	2,482,883^r	3,673,561	3,554,075	3,205,125	3,211,522^r	2,784,007^r	2,981,323^r
For lenders
Interest and dividend income	8,000	14,000	14,000	4,000	·	·	·	·	·	·
Interest expense on deposits and borrowings	·	110,094	98,769	87,306	·	·	·	·	·	·
Net interest income	-101,460	-110,094	-98,769	·	·	·	·	·	·	-144,211
Provision for credit losses	5,100	7,371	8,510	2,516	-1,547	22,404	12,144	16,600	15,607	13,371
Cost of revenue	·	964,298	1,048,315	·	2,551,563	2,404,660^r	1,922,139	1,790,274^r	1,432,760^r	1,514,678
Research and development	15,278	31,957	29,486^r	35,464^r	46,777	38,384	51,258	58,523^r	60,857^r	107,378^r
Selling, general and administrative	621,567	717,894	781,609^r	785,545^r	924,163	963,323	1,003,989	1,002,935^r	1,029,494^r	1,140,100^r
Total operating expenses	·	1,114,627	1,074,530	·	1,129,413	1,332,784	1,255,844	1,233,127^r	1,468,597^r	1,645,527
Total costs and expenses	1,700,105	2,078,925	2,122,845^r	2,294,231^r	3,680,976	3,737,444^r	3,178,393^r	3,023,401^r	2,590,309^r	2,779,534^r
Interest expense	·	·	100,445	89,980	96,886	105,753	110,910	115,381^r	117,984^r	88,970
Income before income taxes	192,524	-52,327	-43,920^r	188,652^r	-7,415	-183,369	26,732	212,361	193,698^r	201,789^r
Income tax expense	47,827	-154,829	17,347^r	42,956^r	-10,922	7,122^r	-13,127^r	6,416^r	13,659^r	106,975^r
Income from continuing operations	144,697	102,502	-61,267^r	145,696^r	3,507	-190,491^r	39,859^r	181,705^r	180,039^r	75,769^r
Income from discontinued operations	0	-306,099	-324,360^r	-108,756^r	-4,858	10,115	154,460	60,106^r	63,489^r	17,036^r
Net income including non-controlling interests	·	·	·	·	·	·	194,609	241,811^r	243,528^r	111,850
Net income	144,697	-203,597	-385,627	36,940	-1,351	-180,376^r	194,319^r	241,811^r	243,528^r	92,805
Preferred dividends	·	·	·	·	·	·	·	·	36	38
Net income to common shareholders	·	-203,597	-385,627	36,940	-1,351	-180,376^r	194,311^r	241,779^r	243,492^r	92,767
Earnings per share, basic	0.84	-1.13	-2.20	0.21	-0.01	-1.05^r	1.10	1.29^r	1.31^r	0.49
Earnings per share, diluted	0.84	-1.12	-2.20	0.21	-0.01	-1.05^r	1.10	1.28^r	1.30^r	0.49
Weighted average shares, basic	171,605	179,510	175,640	173,912	173,914	171,519	176,251	187,277	186,332	187,945
Weighted average shares, diluted	173,040	182,526	175,640	177,252	179,105	171,519	177,449	188,382	187,435	188,975

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton PBI · research, not advice