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Pitney Bowes cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$140M in Q3 2026 · $505M over twelve months

Operating cash flow$151M
Capital spending−$10.7M
Free cash flow+$140M
Cash / net income2.9×

Analysis

In Q3 2026, Pitney Bowes generated $151M of operating cash flow and spent $10.7M on capital projects, leaving free cash flow of $140M. That is $89.4M more than in Q3 2025 ($51.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $570M; the largest uses were other financing ($491M), buybacks ($332M), capital spending ($65.3M); besides operations, cash came from net borrowing (+) / repaid (−) ($300M), other investing ($22.1M); the cash balance fell by $52.5M.

Operating cash flow was $151M against net income of $52.7M — 2.9× profit, cash ran ahead of reported earnings. The largest differences: payables +$60.8M, depreciation & amortization +$22.7M, receivables −$16.2M.

Free cash flow

Pitney Bowes: free cash flow by quarterPitney Bowes: free cash flow by quarter$112MQ4 2024−$33.6MQ1 2025$98.0MQ2 2025$51.1MQ3 2025$201MQ4 2025$28.3MQ1 2026$134MQ2 2026$140MQ3 2026
Operating cash flow less capital spending.
Pitney Bowes: operating cash flow against capital spendingPitney Bowes: operating cash flow against capital spendingOperating cash flowCapital spending$134M$22.2MQ4 2024−$16.7M$16.9MQ1 2025$111M$13.3MQ2 2025$66.8M$15.8MQ3 2025$222M$20.3MQ4 2025$44.2M$15.8MQ1 2026$153M$18.5MQ2 2026$151M$10.7MQ3 2026
Latest (Q3 2026): Operating cash flow $151M, Capital spending $10.7M.

Capital allocation, year by year

Pitney Bowes: where the cash came from (up) and went (down), by fiscal yearPitney Bowes: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $302MFY2021: Net borrowing $1.2BFY2021: Asset sales $27.6MFY2021: Capital spending −$184MFY2021: Acquisitions −$15.0MFY2021: Dividends −$34.8M$1.5BFY2021FY2022: Operating cash flow $175MFY2022: Net borrowing −$4.4MFY2022: Asset sales $112MFY2022: Capital spending −$82.6MFY2022: Acquisitions −$5.1MFY2022: Buybacks −$13.4MFY2022: Dividends −$34.7M$287MFY2022FY2023: Operating cash flow $80.1MFY2023: Net borrowing $261MFY2023: Capital spending −$78.1MFY2023: Dividends −$35.2M$341MFY2023FY2024: Operating cash flow $229MFY2024: Net borrowing −$5.3MFY2024: Capital spending −$72.4MFY2024: Dividends −$36.0M$229MFY2024FY2025: Operating cash flow $383MFY2025: Net borrowing $996MFY2025: Capital spending −$66.3MFY2025: Acquisitions −$2.2MFY2025: Buybacks −$378MFY2025: Dividends −$51.1M$1.4BFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were capital spending ($483M) and buybacks ($392M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$281M
Debt$1.9B
Net debt$1.6B
Due within a year$17.1M

Pitney Bowes funds itself: free cash flow was $505M over the last twelve months, and $281M of cash and investments stands against $1.9B of debt ($17.1M due within a year, 16.4× covered by cash).

Pitney Bowes: debt maturities by year (FY2025)Pitney Bowes: debt maturities by year (FY2025)$17.1MYear 1$368MYear 2$134MYear 3$332MYear 4$236MYear 5$939MAfter year 5
Principal due in each year as disclosed in the annual report, against $281M of cash and investments now.

Where the cash came from and went

Pitney Bowes: sources (+) and uses (−) of cash, Q3 2026Pitney Bowes: sources (+) and uses (−) of cash, Q3 2026Other financing−$197MOperating cash flow$151MNet borrowing (+) / repaid (−)$80.0MBuybacks−$17.3MDividends−$13.7MCapital spending−$10.7MOther investing$8.8MCash drawn (+) / kept (−)−$1.7MShares issued$434KExchange rates$52K
Pitney Bowes: sources (+) and uses (−) of cash, TTM to Q3 2026Pitney Bowes: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$570MOther financing−$491MBuybacks−$332MNet borrowing (+) / repaid (−)$300MCapital spending−$65.3MDividends−$54.8MCash drawn (+) / kept (−)$52.5MOther investing$22.1MExchange rates−$1.1M

From profit to cash

Pitney Bowes: net income to operating cash flow, Q3 2026Pitney Bowes: net income to operating cash flow, Q3 2026Net income$52.7MDepreciation & amortization$22.7MStock-based pay$3.9MReceivables−$16.2MInventory−$102KPayables$60.8MDeferred revenue−$4.7MPrepaid and other assets$1.3MIncome taxes payable$5.0MOperating cash flow$151M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$151M−$10.7M—−$17.3M−$13.7M$80.0M$434K−$1.7M$140M
Q2 2026$153M−$18.5M—−$52.8M−$13.6M$152M—$36.0M$134M
Q1 2026$44.2M−$15.8M—−$136M−$13.3M$148M—−$18.0M$28.3M
Q4 2025$222M−$20.3M—−$127M−$14.2M——$36.1M$201M
Q3 2025$66.8M−$15.8M—−$162M−$13.3M$230M$14.4M−$35.8M$51.1M
Q2 2025$111M−$13.3M—−$75.3M−$12.6M——$38.6M$98.0M
Q1 2025−$16.7M−$16.9M−$2.2M−$15.0M−$11.0M$775M—$146M−$33.6M
Q4 2024$134M−$22.2M——−$9.1M——$91.8M$112M

Pitney Bowes: income statement and cash flow

Pitney Bowes, Q3 2026: revenue $456M (-0.8% year over year), operating margin 15.4%. The chart follows the revenue to costs, profit and cash.

Pitney Bowes: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.