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Pitney Bowes

OverviewSuggest Edit

Pitney Bowes is a provider of shipping and mailing products, location intelligence, customer engagement, and eCommerce solutions. The Company operates through three business segments: the SMB Solutions group, the Enterprise Business Solutions group, and the Digital Commerce Solutions segment. The SMB Solutions group offers mailing equipment, financing services and supplies for small and medium businesses. The Enterprise Business Solutions group provides mailing equipment and services for large enterprise clients to process mail, including sortation services. The Digital Commerce Solutions segment leverages digital and mobile channels that make its clients’ customer-facing functions more effective. This segment includes software, e-commerce, shipping, and marketing services.

TypePublic
Founded1920
HQStamford, CT, USMap
Websitepitneybowes.com
Employee Ratings3.4More
Overall CultureD-More
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)11,000(-17%)
Revenue (FY, 2020)$3.6 B(+11%)
Share Price (Feb 2021)$8.5 (-4%)
Cybersecurity ratingBMore

Key People/Management at Pitney Bowes

Marc Lautenbach

Marc Lautenbach

President and CEO
Stanley Sutula

Stanley Sutula

EVP and CFO
Michael Monahan

Michael Monahan

EVP and COO
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Pitney Bowes Office Locations

Pitney Bowes has offices in Stamford, Ann Arbor, Austin, Boston and in 34 other locations
Stamford, CT, US (HQ)
3001 Summer St
Ann Arbor, MI, US
24 Frank Lloyd Wright Dr Lobby H Suite 1700
Austin, TX, US
1825 Kramer Ln #100
Boston, MA, US
125 Summer St 16th Floor
Boulder, CO, US
4750 Walnut St #200
Lanham, MD, US
4200 Parliament Pl #600
Show all (38)

Pitney Bowes Financials and Metrics

Pitney Bowes Revenue

Pitney Bowes's revenue was reported to be $3.55 b in FY, 2020
USD

Revenue (FY, 2020)

3.6b

Gross profit (FY, 2020)

1.1b

Gross profit margin (FY, 2020), %

32.3%

Net income (FY, 2020)

(181.5m)

EBIT (FY, 2020)

(191.7m)

Market capitalization (26-Feb-2021)

1.5b

Closing stock price (26-Feb-2021)

8.5

Cash (31-Dec-2020)

921.5m

EV

3.3b
Pitney Bowes's current market capitalization is $1.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.9b3.8b3.6b3.4b3.5b3.5b3.2b3.6b

Revenue growth, %

(1%)(6%)(5%)4%

Cost of goods sold

1.7b1.9b1.9b2.4b

Gross profit

1.8b1.6b1.3b1.1b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q4, 2010Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.3b1.3b1.3b5.4b5.3b1.3b1.2b1.2b4.9b1.2b1.2b938.8m3.9b937.5m958.5m941.6m890.7m880.9m869.5m844.6m835.9m839.0m836.6m821.4m842.8m1.7b832.9m868.4m860.8m790.1m796.3m837.5m551.0m

Cost of goods sold

37.1m34.3m36.3m141.5m125.3m30.2m31.9m25.2m115.4m27.8m26.4m105.5m483.0m

Gross profit

1.3b1.3b1.3b5.3b5.2b1.2b1.2b1.2b4.8b1.1b1.1b3.8b68.0m

Gross profit Margin, %

97%97%97%97%98%98%97%98%98%98%98%97%12%
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

907.8m1.1b650.6m764.5m1.0b867.3m924.4m921.5m

Accounts Receivable

413.7m457.3m455.5m524.4m455.8m373.5m389.2m

Prepaid Expenses

57.2m99.3m101.6m120.1m

Inventories

103.6m84.8m88.8m92.7m89.7m42.0m68.3m65.8m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q4, 2010Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

476.9m459.5m386.0m484.4m856.2m915.6m499.8m424.8m913.3m909.7m608.6m759.6m907.8m903.3m1.0b923.7m871.7m754.2m716.0m613.0m676.0m992.1m739.6m840.6m1.7b719.9m689.9m759.2m838.9m771.0m514.9m663.1m862.9m799.2m

Accounts Receivable

765.4m710.0m725.7m792.1m723.6m694.3m661.1m667.2m728.3m647.6m588.5m469.8m430.2m409.5m399.1m379.6m400.0m399.1m383.8m431.6m427.6m390.0m389.3m408.9m488.0m408.7m378.0m412.7m342.8m391.7m348.6m

Prepaid Expenses

101.0m99.9m102.8m107.0m134.8m128.2m124.9m145.0m114.2m113.1m158.8m147.1m134.9m111.1m121.9m116.0m

Inventories

162.1m183.0m187.9m169.0m178.6m179.3m187.6m187.1m179.7m167.5m141.1m134.3m103.6m101.0m101.3m94.9m95.0m101.1m103.2m100.4m111.0m108.8m115.6m121.5m118.3m96.2m49.1m48.2m68.9m73.3m76.3m71.8m73.7m67.0m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

426.3m111.9m261.3m223.7m194.6m(181.5m)

Depreciation and Amortization

173.3m178.5m182.3m203.3m159.1m160.6m

Inventories

5.6m93.0k(5.6m)3.1m

Accounts Payable

(14.1m)(3.2m)11.5m94.9m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q4, 2010Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

83.6m149.6m229.4m292.4m617.5m158.7m258.3m334.8m445.2m67.5m58.3m66.5m161.2m49.3m98.9m136.9m85.2m241.6m335.4m62.6m120.8m190.9m65.1m114.0m171.4m53.5m101.7m178.7m(2.7m)21.0m17.9m(208.5m)(211.8m)(200.4m)

Depreciation and Amortization

79.7m156.8m231.6m287.0m257.5m64.4m131.6m191.5m255.6m57.2m113.7m167.4m211.2m85.2m127.5m44.3m89.5m140.2m44.3m88.2m132.0m50.8m101.9m152.2m39.4m82.8m118.5m40.7m81.8m120.4m

Inventories

(7.2m)(31.8m)(31.3m)(11.9m)(12.8m)925.0k(9.4m)(7.6m)(599.0k)8.8m29.9m37.0m67.2m(17.4m)103.2m(11.5m)(22.6m)(20.5m)(22.2m)(26.8m)(22.8m)(3.8m)(6.7m)(6.2m)(6.2m)(10.9m)(14.6m)(4.8m)(6.3m)1.1m

Accounts Payable

(56.9m)(64.1m)(68.0m)28.8m(12.9m)(133.2m)(87.5m)(124.6m)(47.0m)(169.3m)(173.5m)(192.4m)(95.8m)(37.3m)(104.6m)(25.2m)(1.0m)
show all
USDQ1, 2010

Financial Leverage

-1.5 k x
Show all financial metrics

Pitney Bowes Operating Metrics

FY, 2016

Countries

220
Show all operating metrics

Pitney Bowes Acquisitions / Subsidiaries

Company NameDateDeal Size
NewgisticsSeptember 06, 2017

Pitney Bowes Revenue Breakdown

Embed Graph

Pitney Bowes revenue breakdown by business segment: 49.0% from Small & Medium Business Solutions, 25.5% from Enterprise Business Solutions and 25.5% from Digital Commerce Solutions

Pitney Bowes revenue breakdown by geographic segment: 77.1% from United States and 22.9% from Outside United States

Pitney Bowes Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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Pitney Bowes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

Learn more about our premium products
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Pitney Bowes Online and Social Media Presence

Pitney Bowes's Trends

Embed Graph

Pitney Bowes Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    F

    50/100

  • Compensation

    F

    10/100

Learn more on Comparably

Pitney Bowes News and Updates

August 19, 2020

Outlook on the Worldwide GIS in Telecom Industry to 2030 - Featuring Hexagon, Trimble & Pitney Bowes Among Others

DUBLIN, Aug. 19, 2020 /PRNewswire/ -- The "GIS in Telecom Market Research Report: By Offering, Deployment Type, End User - Industry Share Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The need for network installation is increasing...
October 16, 2019

In a rare move, Moody's says it's paying close attention to Pitney Bowes ransomware attack

Before this year, ratings agencies rarely took a stance on how particular cybersecurity incidents could impact a company's credit or outlook. That is changing, as Moody's response to the three-day-old Pitney Bowes attack shows.
October 15, 2019

Mailing services firm Pitney Bowes the latest to be attacked by ransomware

Mailing services firm Pitney Bowes Inc. is the latest company to be attacked by ransomware with services to customers disrupted and in a twist, its share price dropping as a consequence on the New York Stock Exchange. The ransomware attack, described by the company in a statement as “a malware atta…
October 14, 2019

Mailing services firm Pitney Bowes says it suffered malware attack, shares down

Mail management company Pitney Bowes Inc said on Monday a malware attack encrypted information on some of its systems and disrupted customer access to certain services, sending its shares down 4%.
October 14, 2019

Pitney Bowes said it was victim of a malware attack, stock falls

Shares of Pitney Bowes Inc. fell 3.6% in premarket trading Monday, after the provider of ecommerce and mailing services company said it was affected by a malware attack that encrypted information on some systems, and disrupted customer access to some services. The company said it has so far seen no…
August 26, 2019

Pitney Bowes to sell software solutions unit for $700 million to cut debt

Mail management company Pitney Bowes Inc said on Monday it would sell its software solutions unit to enterprise solutions provider Syncsort for $700 million in an all-cash deal, as it looks to cut its debt.
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 Pitney Bowes Frequently Asked Questions

  • When was Pitney Bowes founded?

    Pitney Bowes was founded in 1920.

  • Who are Pitney Bowes key executives?

    Pitney Bowes's key executives are Marc Lautenbach, Stanley Sutula and Michael Monahan.

  • How many employees does Pitney Bowes have?

    Pitney Bowes has 11,000 employees.

  • What is Pitney Bowes revenue?

    Latest Pitney Bowes annual revenue is $3.6 b.

  • What is Pitney Bowes revenue per employee?

    Latest Pitney Bowes revenue per employee is $323.1 k.

  • Who are Pitney Bowes competitors?

    Competitors of Pitney Bowes include Access Information Management, ARC Document Solutions and Avery Dennison.

  • Where is Pitney Bowes headquarters?

    Pitney Bowes headquarters is located at 3001 Summer St, Stamford.

  • Where are Pitney Bowes offices?

    Pitney Bowes has offices in Stamford, Ann Arbor, Austin, Boston and in 34 other locations.

  • How many offices does Pitney Bowes have?

    Pitney Bowes has 38 offices.