Pitney Bowes
Provides mailing and shipping technology, financing, and USPS presort services.
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Profile
Sells physical and digital mailing and shipping tools, supplies, support, and embedded financing through SendTech Solutions, while Presort Services sorts high-volume U.S. mail for postal workshare discounts. Revenue depends on recurring service, supply, financing, and sortation activity across businesses closely tied to USPS rules and mail volumes.
Combines physical mailing equipment, digital shipping software, supplies, maintenance, and embedded financing within SendTech Solutions. Its APIs let businesses compare carriers, buy postage, print labels, and track parcels, while an industrial bank supports equipment purchases and postage-related payments.
Runs Presort Services through a nationwide U.S. processing network, collecting and sorting high-volume First-Class and Marketing Mail before entry into the postal system. Proprietary workflow tools, logistics scale, and postal expertise help customers qualify for USPS workshare discounts and maintain chain-of-custody visibility.
Serves small businesses, enterprises, and government clients internationally, although Presort is rooted in the U.S. postal network. Global Ecommerce operations have been wound down, leaving SendTech and Presort as the two reportable segments. Results depend on physical mail volumes, postal rates and rules, USPS and carrier relationships, third-party transport, and regulated banking activities.
Company facts
Categories
Key statistics
Year to date +66.6% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Truist Financial | Target | $15 | $18 | ||
| Jul 30, 2026 | Goldman Sachs | Reiterate | Neutral | $15.20 | $17.30 | |
| May 11, 2026 | B of A Securities | Upgrade | Underperform | Neutral | ||
| May 8, 2026 | Goldman Sachs | Target | $13.70 | $15.20 | ||
| May 7, 2026 | Truist Financial | Target | $11 | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.34 | $0.43 | +28.4% | $453.9M | $451.5M | −0.5% | +2.72% |
| May 5, 2026Q1 FY26 | $0.47 | $0.47 | 0.0% | $474.5M | $477.0M | +0.5% | −3.28% |
| Feb 17, 2026Q4 FY25 | $0.38 | $0.45 | +18.4% | $483.6M | $477.6M | −1.2% | +8.59% |
| Oct 29, 2025Q3 FY25 | $0.32 | $0.31 | −3.1% | $482.5M | $459.7M | −4.7% | −10.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $493.4M | $461.9M | $459.7M | $477.6M | $477.4M | $451.5M | |
| Gross profit | $269.1M | $247.5M | $244.3M | $262.9M | $259.8M | $242.3M | |
| Operating income | $96.6M | $71.4M | $95.1M | $123.9M | $111.6M | $97.9M | |
| Net income | $35.4M | $30.0M | $52.0M | $27.3M | $58.1M | $49.9M | |
| Diluted EPS | $0.19 | $0.17 | $0.29 | $0.17 | $0.37 | $0.36 | |
| Gross margin | 54.5% | 53.6% | 53.1% | 55.1% | 54.4% | 53.7% | |
| Operating margin | 19.6% | 15.5% | 20.7% | 25.9% | 23.4% | 21.7% |
Fiscal years (4-quarter sums)FY21 $3.67B · FY22 $3.54B · FY23 $2.64B · FY24 $2.03B · FY25 $1.89B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $278.8M · Total debt $2.16B · Total assets $3.02B · Shareholders' equity −$863.3M
Dividends
Raised for 6 straight years — most recently to $0.10 from $0.09 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Sep 8 | $0.10 | |
| May 18, 2026 | May 18 | Jun 5 | $0.10 | raised from $0.09 |
| Feb 27, 2026 | Feb 27 | Mar 30 | $0.09 | |
| Nov 10, 2025 | Nov 10 | Dec 8 | $0.09 | raised from $0.08 |
| Aug 11, 2025 | Aug 11 | Sep 8 | $0.08 | raised from $0.07 |
| May 19, 2025 | May 19 | Jun 6 | $0.07 | raised from $0.06 |
| Feb 21, 2025 | Feb 21 | Mar 24 | $0.06 | raised from $0.05 |
| Nov 18, 2024 | Nov 18 | Dec 6 | $0.05 |
Ownership
Shares outstanding 137.09M · Float 135.05M · 98.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.58M | 9.18% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.71M | 5.62% | 13F | Aug 13, 2026 |
| LSV Asset Management | 7.20M | 5.30% | 13G | Aug 6, 2026 |
| State Street Corp | 6.15M | 4.49% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.43M | 3.96% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Todd A. Everett | officer: EVP and President of SendTech | −25,000 | $18.07 |
| Aug 3, 2026 | Kurt James Wolf | director, officer: President & CEO | −413,266 | $18.11 |
| Jul 31, 2026 | Kurt James Wolf | director, officer: President & CEO | −211,483 | $17.53 |
| Jul 30, 2026 | Kurt James Wolf | director, officer: President & CEO | −430,443 | $18.23 |
| Jul 7, 2026 | Kurt James Wolf | director, officer: President & CEO | −316,280 | $17.10 |
Peers
- Broadridge Financial Solutions
Service-bureau communications overlap with Presort
- UPS
Parcel network and shipping tools overlap with SendTech
- Shopify
Merchant shipping labels overlap with SendTech online postage
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pitney Bowes | $17.21 | 0.00% | $2.36B | 14.5 | 10.1 | 1.3 | −2.3% |
| Broadridge Financial Solutions | $183.64 | −0.04% | $21.24B | 19.1 | 17.4 | 2.8 | +7.5% |
| UPS | $105.33 | +0.01% | $89.47B | 19.6 | 13.6 | 1.0 | +7.4% |
| Shopify | $152.40 | −0.33% | $198.41B | 102.6 | 72.8 | 15.0 | +32.0% |
| Median | 19.6 | 17.4 | 2.8 | +7.5% |