UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Commission file number: 1-3579 PITNEY BOWES INC. State of incorporation: Delaware I.R.S. Employer Identification No. 06-0495050 Address: 27 Waterview Drive, Shelton, Connecticut 06484 Telephone Number: (203) 922-4000 Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | ...

Q4 numbers for Pitney Bowes Inc. ( PBI ) finally broke the stock’s slide. The stock jumped about 9% after the open following yesterday's results, and that was enough for me to rethink myWith over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the risks and opportunities actually are. I don’t chase narratives. I follow t ...

Financial Data and Key Metrics Changes - The company reported strong financial results for Q4 2025, indicating progress in its transformation despite some tailwinds [4][5] - The foundation of the business was significantly strengthened in 2025 through leadership upgrades, structural simplification, and cost elimination [5] Business Line Data and Key Metrics Changes - The presort business has seen new customer wins and no churn since June 2025, with a full pipeline of sales expected to translate into financial results over the coming months [8][10] - The company is focusing on aggressive pricing strategies in the presort business to win back clients and expects EBIT margins in the low-to-mid 20% range [14][16] Market Data and Key Metrics Changes - The company is aware of potential headwinds from government shutdowns and economic uncertainties, particularly affecting the SendTech space [7] - The second half of 2026 is expected to show better performance in the presort business due to easier year-over-year comparisons [23] Company Strategy and Development Direction - The company is pivoting towards profitable growth and is undergoing an external review with qualified advisors [5] - There is a renewed focus on mail and investment to slow the decline in certain business areas, particularly in the shipping technology segment [33][65] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the impact of government shutdowns on hardware purchases and overall performance [13] - The company is optimistic about its recovery from the low point tied to the IMI migration and believes it has the best products in the market [50] Other Important Information - The company plans to hold an investor day in 2026 to educate stakeholders on its fundamentals [66] - The hiring of new executives is seen as a strategic move to enhance the company's capabilities, regardless of the future direction of the business [58] Q&A Session Summary Question: Can you expand on the market uncertainty and geopolitical challenges? - Management highlighted issues like government shutdowns and economic direction as potential headwinds but does not expect major impacts [7] Question: What is the impact of the government shutdown on performance? - The CFO noted that hardware purchases were affected, pushing some sales into the subsequent quarter [13] Question: How aggressive will the pricing strategy be in the presort business? - Management indicated that they are being aggressive to win new customers and have already made concessions to existing clients [14][15] Question: What are the expectations for growth in the presort business? - Management expects easier comparisons in the second half of the year, which should help return to positive growth [23] Question: How does the company view its capital allocation strategy? - The company is committed to a net debt to EBITDA ratio around 3x and will be opportunistic in share buybacks and dividends [36][48] Question: What are the top growth opportunities for the company? - Management identified presort, shipping, and banking as key areas for growth, emphasizing the importance of competitive pricing and market focus [65]

Financial Data and Key Metrics Changes - The company reported strong financial results for Q4 2025, indicating progress in its transformation despite some tailwinds [4][5] - The foundation of the business was significantly strengthened in 2025 through leadership upgrades, structural simplification, and cost elimination [5] Business Line Data and Key Metrics Changes - The presort business has seen new customer wins and no churn since June 2025, with a full pipeline of sales expected to translate into financial results over the coming months [8][10] - The company is focusing on being more aggressive with pricing in the presort business to win back clients and expects EBIT margins in the low-to-mid 20% range [14][16] Market Data and Key Metrics Changes - The company acknowledged potential headwinds from government shutdowns and economic uncertainties, particularly affecting the SendTech space [7] - The SendTech business is expected to experience a top-line decline in 2026, but the second half of the year is anticipated to be stronger than the first half [24][26] Company Strategy and Development Direction - The company is pivoting towards profitable growth and is undergoing an external review with qualified advisors [5] - There is a renewed focus on mail and investment to slow the decline in certain business areas, particularly in the presort and shipping segments [65] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery from the low point tied to the IMI migration, with expectations for gradual improvement in the SendTech business [50] - The company is optimistic about growth opportunities in presort, shipping, and the bank, with a focus on capital allocation and maintaining a net debt to EBITDA ratio around 3x [66][68] Other Important Information - The company plans to hold an investor day in 2026 to enhance education on its business fundamentals [66] - Management emphasized the importance of building a strong foundation for future growth, despite short-term challenges [72] Q&A Session Summary Question: Can you expand on the additional market uncertainty and geopolitical challenges? - Management highlighted issues like government shutdowns and economic direction uncertainties, particularly affecting the presort business [7] Question: What impact did the government shutdown have in the quarter? - The CFO noted that hardware purchases were impacted, pushing some sales into the subsequent quarter [13] Question: How aggressive will the pricing strategy be in the presort business? - Management indicated that they are now being more aggressive to win new customers and have already made concessions to existing clients [14][15] Question: Will the second half of the year show positive growth in the presort business? - The CFO mentioned that while the first half will be challenging, the second half is expected to be a better comp year [23] Question: What are the growth opportunities for the company moving forward? - Management identified presort, shipping, and banking as key areas for growth, emphasizing a focus on capital allocation [65][66]

Pitney Bowes (NYSE:PBI) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Speaker7Ladies and gentlemen, thank you for standing by. Welcome to the fourth quarter 2025 Pitney Bowes Earnings Conference Call. Joining us today are Chief Executive Officer Kurt Wolf, Chief Financial Officer Paul Evans, and Director Investor Relations Alex Brown. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the ses ...

Pitney Bowes Fourth Quarter Earnings February 17, 2026 Forward-Looking Statements and Financial Presentation This document contains "forward-looking statements" about the Company's expected or potential future business and financial performance, including, but not limited to, statements about future revenue and profitability, earnings guidance, future events or conditions, capital allocation strategy, expected cost savings and efficiency improvements, and strategic initiatives and priorities. Forward-lookin ...

Financial Results - Pitney Bowes reported its financial results for Q4 2025, including consolidated statements of income and balance sheets for the years ended December 31, 2025 and 2024[3] - The company’s President and CEO, Kurt Wolf, issued a letter detailing the financial results for the three months ended December 31, 2025[4] Future Outlook - Forward-looking statements indicate expectations for future revenue and profitability, with potential risks including changes in postal regulations and economic conditions[5]

SHELTON, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) ("Pitney Bowes†or the "Company†), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, today disclosed its financial results for the fourth quarter and full year 2025. In conjunction with this announcement, CEO, Kurt Wolf, has released a letter to shareholders to provide his commentary on the quarter and updates on strategic initiatives. To rea. ...

Company Overview - Pitney Bowes operates as a leading provider of integrated shipping, mailing, and logistics solutions, leveraging a broad technology and service platform to address the needs of business and government clients [5] - The company maintains a diversified revenue stream through its e-commerce, mail presort, and digital mailing technology segments, serving a wide range of clients seeking efficiency in mail and parcel delivery [5][7] - Revenue for the trailing twelve months (TTM) is reported at $1.93 billion, with a net income of $75.30 million and a dividend yield of 3.5% [4] Recent Developments - Capital Management Corp increased its position in Pitney Bowes by 592,568 shares during the fourth quarter, with an estimated trade value of $6.15 million [1][2] - The stake's quarter-end value increased by $4.30 million, reflecting both share additions and price appreciation [2] - As of February 2, Pitney Bowes shares were priced at $10.43, representing a 21.4% increase over the past year, outperforming the S&P 500 by 7.13 percentage points [3] Financial Performance - Recent quarterly results showed a revenue decline of 8% year over year to $460 million, but profitability improved significantly with GAAP EPS rising to $0.30 and adjusted EPS to $0.31 [8] - Free cash flow was reported at $60 million despite restructuring payments, indicating strong cash generation capabilities [8] - Management expanded its share repurchase authorization to $500 million and identified $50 million to $60 million in additional cost savings, signaling confidence in the balance sheet and operating trajectory [8] Investment Position - Pitney Bowes now accounts for 5.08% of Capital Management Corp's 13F assets under management, making it one of the fund's highest-conviction positions [3][9] - The portfolio favors cash-generative, often unloved names across media and industrials, with Pitney Bowes being a notable example [9]

Core Viewpoint - Citizens JMP initiated coverage on Pitney Bowes with a "Market Outperform" rating and a price target of $13.00 per share, indicating a positive outlook for the stock [1] Financial Metrics - The stock is considered to have reasonable valuation estimates for 2027, with an EV-to-free cash flow multiple of 8.7x and an EV-to-EBITDA multiple of 5.6x [2] Market Position - Pitney Bowes holds a dominant position in its core segments, with approximately a 70% market share in its "SendTech" mailing/shipping business and a mid-30% share in first-class mail within its "Presort Services" unit [2] Capital Allocation and Shareholder Value - Recent capital-allocation policies include aggressive share repurchases, with about 12% of outstanding shares repurchased by late October and approximately 8% in the most recent quarter, alongside steady dividend increases, which enhance shareholder value [3] Growth Catalysts - Analysts identified near-term growth potential from the company's banking operations and medium-term upside from the expansion of its digital shipping and SaaS tools, such as the SendTech/Shipping-360 platform, as well as possible consolidation gains in its Presort Services business [3] Company Overview - Pitney Bowes Inc. is a U.S.-based technology and logistics company founded in 1920, providing mailing, shipping, mailing-sortation, shipping-software, and related financial services through segments like SendTech and Presort Services [4]