Filing Flows › Pitney Bowes (PBI) › Q4 2025
Pitney Bowes (PBI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Pitney Bowes (PBI) reported revenue of $478M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +4% from the quarter before. Operating margin was 8.0%, net earnings $27.3M (5.7% of revenue).
Pitney Bowes, Q4 2025: revenue $478M (-8% year over year), operating margin 8.0%, net earnings $27.3M, operating cash flow $222M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $478M | +4% | -7% |
| Operating profit | $38.4M | -44% | — |
| Net earnings | $27.3M | -47% | — |
| Operating cash flow | $222M | +232% | +65% |
| Free cash flow | $201M | +295% | +79% |
What changed
Revenue was $477.6M in Q4 2025, down 7% year over year and up 4% from the previous quarter. Services was the largest line at 64% of revenue.
Operating profit was $38.4M, a 8.0% margin (up 17.4 points year over year). Total costs fell 22% while revenue fell 7%. The fastest-growing cost line was Other operating costs (+75%). Net earnings were $27.3M. The effective tax rate was 28.8%.
Operating cash flow was $221.7M (up 65% year over year), 811% of net earnings. Non-cash charges added back $27.1M of depreciation and amortization. Working capital and other items added $167.3M. Capital expenditures of $20.3M left free cash flow of $201.4M.
Questions
What was Pitney Bowes' revenue in the fourth quarter 2025?
Pitney Bowes (PBI) reported revenue of $478M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +4% from the quarter before.
Was Pitney Bowes profitable in the fourth quarter 2025?
Operating profit was $38.4M (8.0% of revenue) and net earnings $27.3M.
Source: Pitney Bowes 10-K on SEC EDGAR.