PITNEY BOWES INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $2.03B | $2.08B | $2.48B | $3.67B | $3.55B | $3.21B | $3.21B |
| Cost of Revenue | — | $964.3M | $1.05B | — | $2.55B | $2.40B | $1.92B | $1.79B |
| Gross Profit | — | $1.06B | $1.03B | — | $1.12B | $1.15B | $1.28B | $1.42B |
| Gross Margin | — | 52.4% | 49.6% | — | 30.5% | 32.3% | 40.0% | 44.3% |
| Operating Expenses | ||||||||
| Research & Development | $15.3M | $32.0M | $29.5M | $35.5M | $46.8M | $38.4M | $51.3M | $58.5M |
| SG&A Expense | $621.6M | $717.9M | $781.6M | $785.5M | $924.2M | $963.3M | $1.00B | $1.00B |
| Operating Income | $192.5M | $-52.3M | $56.5M | $278.6M | $89.5M | $-77.6M | $137.6M | $327.7M |
| Operating Margin | 10.2% | -2.6% | 2.7% | 11.2% | 2.4% | -2.2% | 4.3% | 10.2% |
| Interest Expense | — | — | $100.4M | $90.0M | $96.9M | $105.8M | $110.9M | $115.4M |
| Pretax Income | $192.5M | $-52.3M | $-43.9M | $188.7M | $-7.4M | $-183.4M | $26.7M | $212.4M |
| Income Tax Expense | $47.8M | $-154.8M | $17.3M | $43.0M | $-10.9M | $7.1M | $-13.1M | $6.4M |
| Net Income | $144.7M | $-203.6M | $-385.6M | $36.9M | $-1.4M | $-180.4M | $194.3M | $241.8M |
| Net Margin | 7.6% | -10.0% | -18.5% | 1.5% | 0.0% | -5.1% | 6.1% | 7.5% |
| EPS (Basic) | $0.84 | $-1.13 | $-2.20 | $0.21 | $-0.01 | $-1.05 | $1.10 | $1.29 |
| EPS (Diluted) | $0.84 | $-1.12 | $-2.20 | $0.21 | $-0.01 | $-1.05 | $1.10 | $1.28 |
| Shares Outstanding (Basic) | 171.6M | 179.5M | 175.6M | 173.9M | 173.9M | 171.5M | 176.3M | 187.3M |
| Shares Outstanding (Diluted) | 173.0M | 182.5M | 175.6M | 177.3M | 179.1M | 171.5M | 177.4M | 188.4M |
| Dividends Per Share | $0.30 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.75 |