What is Pitney Bowes's net debt?

Pitney Bowes (PBI) reported net debt of $2.18B in Q1 2026.

How has Pitney Bowes's net debt changed year-over-year?

Pitney Bowes's net debt increased by 27.0% year-over-year, from $1.72B to $2.18B.

What is the long-term trend for Pitney Bowes's net debt?

Over 5 years (2020 to 2025), Pitney Bowes's net debt has grown at a 2.4% compound annual growth rate (CAGR), from $1.89B to $2.12B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Pitney Bowes PBI Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$477.4M-3.2%

Gross profit$271.7M—

Net income$58.1M+64.1%

EPS (diluted)$0.39+105%

Balance sheet

See full

Cash & equivalents$86.5M-73.3%

Total debt$2.3B+11.1%

Total equity-$893.6M-66.7%

Total assets$3.1B-3.7%

Cash flow

See full

Operating cash flow$44.2M+365%

CapEx$15.8M-6.2%

Free cash flow$28.3M+184%

Valuation

See full

Market cap$2.35B-0.3%

Profitability

See full

Gross margin30.5%—

Net margin8.9%+6.0pp

FCF margin20.2%+12.4pp

Returns & leverage

See full

Return on equity11%-80.1pp

Debt / equity41.4×+14.6×

Current ratio0.6×-0.2×

Where this comes from

Calculated from Pitney Bowes’s reported figures.

$2.3Btotal debt−$86.5Mcash and equivalents=$2.18B

The official record: Pitney Bowes’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pitney Bowes's net debt?: Pitney Bowes (PBI) reported net debt of $2.18B in Q1 2026.
How has Pitney Bowes's net debt changed year-over-year?: Pitney Bowes's net debt increased by 27.0% year-over-year, from $1.72B to $2.18B.
What is the long-term trend for Pitney Bowes's net debt?: Over 5 years (2020 to 2025), Pitney Bowes's net debt has grown at a 2.4% compound annual growth rate (CAGR), from $1.89B to $2.12B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.