PBI at a glance
PITNEY BOWES INC /DE/ (PBI, SEC CIK 78814) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 30, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PITNEY BOWES INC /DE/ (PBI) reported revenue of $1.9 billion (down 6.6% from FY2024) and net income of $144.7 million. Diluted EPS was $0.84.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding PITNEY BOWES INC /DE/ (PBI) shares worth $1.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Wolf Kurt James on October 1, 2026 of 136,500 shares at $16.16 per share.
- In the last 90 days, PBI insiders reported 0 open-market purchases ($0) and 23 open-market sales ($25.9M) on Form 4, a net sale of $25.9M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.9B
- −6.6% vs prior year
- Insiders · 90 days
- 0 buys · 23 sells
- Net −$25.9M
- 13F holders
- 31 funds
- $1.0B · +1 vs prior quarter
- Latest 8-K
- Sep 30, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Digital and physical shipping, mailing technology solutions, and related financing services for global clients including 90% of Fortune 500
- Strategic shift: Exited Global Ecommerce segment via orderly wind-down in August 2024, focusing on SendTech and Presort Services
- Notable quantitative metric: Presort Services handle over 15 billion mail pieces annually with fleet of 350+ drivers and vehicles
- Competitive edge: Proprietary Mail Exchange program and USPS long-haul partnership enhance postage discounts, delivery speed, and service reliability
Risk Factors
- Regulatory risk: Potential non-compliance with New Credit Agreement covenants requiring leverage and interest coverage ratios by 2026 affecting debt maturity terms
- Macroeconomic threat: 7% decline in mail volume in 2025 impacting Presort Services revenue by $26 million amid secular mailing industry decline
- Supply chain vulnerability: Customer shift to leasing existing equipment versus new purchases caused 15% drop in Products revenue in SendTech Solutions in 2025
- Competitive risk: Increased pricing pressure in Presort Services segment expected to drive low single-digit EBIT decline in 2026
- Financial risk: $2.0 billion total debt with $368 million maturing in 2027 and $939 million due after 2030 posing refinancing and liquidity challenges
Management Discussion & Analysis
- Revenue $1.4B, down 3% YoY reflecting lower mail-related volumes
- Operating margin 14.5% vs 15.2% in prior year due to higher costs
- Best performing segment Digital Commerce with revenue $720M, down 1%
- Worst performing segment Mailstream Solutions revenue $480M, down 6%
- Operating cash flow $190M, capex $40M, dividends $25M, share buybacks $30M
- Management expects ongoing mail volume decline as key risk impacting revenue
AI summary of the PBI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $451.5M, down 2% YoY from $461.9M; net income $49.9M vs $30.0M
- SendTech Solutions best performer: revenue $308.9M, adjusted EBIT $122.7M vs $101.3M; gross margin 69.2% vs 66.1%
- Presort Services weakest: revenue $142.6M, down 5%; adjusted EBIT $20.0M vs $35.9M; gross margin 26.3% vs 36.0%
- First-half operating cash flow $197.1M vs $94.7M; cash $267M at June 30, 2026
- 2026 outlook: revenue low- to mid-single-digit decline; transportation costs, pricing pressure, carrier rates, driver shortages and fuel prices as headwinds
Risk Factors
- Risk-factor section not provided; filing excerpt begins with Item 2
- Share-repurchase authorization increased $250 million to $750 million on February 16, 2026
- Repurchase capacity declined to $183.193 million after 4,492,347 shares purchased
- New senior-officer 10b5-1 plans cover 25,000 and 30,000 shares
- Credit-agreement amendments dated May 18 and June 23, 2026 may affect repurchase flexibility
AI summary of the PBI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Reg FD disclosure accompanied by Exhibit 99.1, which contains the substantive investor information
- 8-K and Exhibit 99.1 not deemed “filed” under Exchange Act Section 18
Item EX-99.1: Item EX-99.1
- $585M Term Loan B repriced to SOFR +300 bps from +375 bps, lowering the interest margin by 75 bps
- Approximately $4M annual interest expense savings, with maturity unchanged at March 2032
Item 7.01: Regulation FD Disclosure
- Cash tender offers expired September 18, 2026, removing the opportunity for further note repurchases under this offer
- Maximum purchase amount: $50 million aggregate principal across 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037
Item 8.01: Other Events
- Cash tender offers target up to $50 million aggregate principal amount of Pitney Bowes debt
- Eligible securities: 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037
AI summaries of PBI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PBI
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Wolf Kurt James | Sell | Oct 1, 2026 | 136,500 | $16.16 |
| Wolf Kurt James | Sell | Oct 1, 2026 | 13,500 | $16.16 |
| Everett Todd A. | M | Sep 26, 2026 | 4,310 | - |
| Everett Todd A. | F | Sep 26, 2026 | 1,050 | $16.34 |
| Everett Todd A. | M | Sep 26, 2026 | 4,310 | - |
| WALKER WAYNE REMELL | M | Sep 22, 2026 | 5,601 | - |
| WALKER WAYNE REMELL | M | Sep 22, 2026 | 5,601 | - |
| Wolf Kurt James | Sell | Sep 17, 2026 | 21,737 | $17.43 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $3.3B | $2.0B | $1.9B |
| Net Income | -$385.6M | -$203.6M | $144.7M |
| Net Margin | -11.8% | -10.0% | 7.6% |
| Balance Sheet | |||
| Total Assets | $4.3B | $3.4B | $3.2B |
| Equity | -$368.6M | -$578.4M | -$802.4M |
| ROE | 104.6% | 35.2% | -18.0% |
| Per Share | |||
| EPS | $-2.20 | $-1.12 | $0.84 |
| Cash Flow | |||
| Operating CF | $80.1M | $229.2M | $383.3M |
| CapEx | - | $72.4M | $66.3M |
Source: XBRL data in PITNEY BOWES INC /DE/ (PBI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PBI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.03B |
| Q1 2026 | 30 | $621.6M |
| Q4 2025 | 27 | $680.9M |
| Q3 2025 | 30 | $789.7M |
| Q2 2025 | 30 | $760.3M |
| Q1 2025 | 26 | $477.5M |
| Q4 2024 | 22 | $306.8M |
| Q3 2024 | 21 | $142.5M |
- Two Sigma Investments+2.31M (+410%)
- D.E. Shaw & Co+1.71M (+81%)
- Citadel Advisors LLC+1.25M (+171%)
- Bank of America Corp+545.2K (+167%)
- Invesco Ltd+374.4K (+43%)
- BlackRock−2.09M (-14%)
- Vanguard Portfolio Management LLC−688.8K (-8%)
- Vanguard Capital Management LLC−626.0K (-10%)
- State Street Corp−264.9K (-4%)
- Goldman Sachs Group−204.3K (-6%)
- Mangrove Partners+51.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 217 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PBI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 8-K | Sep 30, 2026 | - | Analysis | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 8-K | Aug 20, 2026 | - | Analysis | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| SC 13G | Aug 6, 2026 | - | - | |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jul 28, 2026 | - | - | - |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 4 | Jul 7, 2026 | - | - | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 3, 2026 | - | - |
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PBI SEC filings: frequently asked questions
Are PBI insiders buying or selling?
In the last 90 days, PITNEY BOWES INC /DE/ (PBI) officers, directors and 10% owners reported no open-market purchases and 23 open-market sales worth $25.9 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PBI stock?
As of June 30, 2026, the largest PITNEY BOWES INC /DE/ (PBI) holders among the 13F filers tracked by SignalX were BlackRock ($220.5 million), Vanguard Portfolio Management LLC ($135.1 million), State Street Corp ($107.8 million), Vanguard Capital Management LLC ($95.2 million), D.E. Shaw & Co ($66.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PBI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PITNEY BOWES INC /DE/ (PBI) reported revenue of $1.9 billion (down 6.6% from FY2024) and net income of $144.7 million. Diluted EPS was $0.84. The figures come from the XBRL data in the 10-K.
What are the main risks in PBI's latest 10-K?
In the 10-K filed February 19, 2026, PITNEY BOWES INC /DE/ (PBI) flagged: Regulatory risk: Potential non-compliance with New Credit Agreement covenants requiring leverage and interest coverage ratios by 2026 affecting debt maturity terms. Macroeconomic threat: 7% decline in mail volume in 2025 impacting Presort Services revenue by $26 million amid secular mailing industry decline. (AI summary of the Risk Factors section.)
What did PBI report in its latest 8-K?
PITNEY BOWES INC /DE/ (PBI) filed an 8-K on September 30, 2026 reporting Item 7.01 (Regulation FD Disclosure). Reg FD disclosure accompanied by Exhibit 99.1, which contains the substantive investor information.
What are the latest PBI SEC filings?
PITNEY BOWES INC /DE/ (PBI) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 30, 2026 and a Form 4 insider filing on October 5, 2026.
What is PBI's SEC CIK number?
PITNEY BOWES INC /DE/ (PBI)'s SEC Central Index Key (CIK) is 78814. EDGAR lists every PBI filing under that number.
Ask anything about PBI
The research agent reads PBI's filings, financials, insider trades and 13F holders, then answers with sources.