OverviewSuggest Edit

Pitney Bowes is a global technology company providing commerce solutions. It specializes in ecommerce, shipping, mailing, and financial services. The company operates through Global Ecommerce, Presort Services, and Sending Technology Solutions segments. The Global Ecommerce segment offers domestic parcel services and fulfillment services. The Presort Services segment provides mail sortation services. The Sending Technology Solutions segment focuses on physical and digital mailing and shipping technology solutions.

TypePublic
Founded1920
HQStamford, CT, US
Websitepitneybowes.com
Employee Ratings3.7
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2020)11,500(+5%)
Job Openings275
Revenue (FY, 2020)$3.6 B(+11%)
Share Price (Jul 2021)$8(-5%)
Cybersecurity ratingBMore

Key People/Management at Pitney Bowes

Marc B. Lautenbach

Marc B. Lautenbach

President and Chief Executive Officer

Pitney Bowes Office Locations

Pitney Bowes has offices in Stamford, Miramar, Shelton, Macquarie Park and in 32 other locations
Stamford, CT, US (HQ)
3001 Summer St
Miramar, FL, US
3350 SW 148th Ave #110
Miramar, FL, US
3350 SW 148th Ave Suite 110
Shelton, CT, US
27 Waterview Dr
Macquarie Park, AU
Level 1 68 Waterloo Road
Gaborone, BW
Gaborone International Commerce Park
Show all (40)

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 (30-Jul-2021)

1.4b

Closing stock price (30-Jul-2021)

8.0

Cash (31-Dec-2020)

921.5m

EV

3.3b
Pitney Bowes's current market capitalization is $1.4 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%
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
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)
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

87/100

SecurityScorecard logo

Pitney Bowes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Pitney Bowes Online and Social Media Presence

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

Insights on the Location Intelligence Global Market to 2027 - Featuring Autodesk, Navizon and Pitney Bowes Among Others

Dublin, March 22, 2021 (GLOBE NEWSWIRE) -- The "Location Intelligence - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Amid the COVID-19 crisis, the global market for Location Intelligence estimated at US$ 11.9 Billion in the year 2020, is pro…

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...

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.

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…

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%.

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…
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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 B. Lautenbach.

  • How many employees does Pitney Bowes have?

    Pitney Bowes has 11,500 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 $309.1 k.

  • Who are Pitney Bowes competitors?

    Competitors of Pitney Bowes include Perishable Shipping Solutions, Global Business Commerce and Quadient.

  • 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, Miramar, Shelton, Macquarie Park and in 32 other locations.

  • How many offices does Pitney Bowes have?

    Pitney Bowes has 40 offices.