Pitney Bowes (PBI) Operating Expenses (2009 - 2026)

Pitney Bowes (PBI) reported Operating Expenses of $396.9 million for Q1 2026, down 11.14% year-over-year from $446.7 million in Q1 2025, and down 9.63% quarter-over-quarter from $439.2 million in Q4 2025.

Pitney Bowes (PBI) Operating Expenses (2009 - 2026) Analysis & Trends

Pitney Bowes (PBI) has 18 years of Operating Expenses data on file, last reported at $396.9 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $396.9 million, down 11.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (down 19.57% YoY), and the FY2025 annual result was $1.7 billion, down 18.22% from the prior year.
  • Operating Expenses fell to $396.9 million in Q1 2026 per PBI's latest filing, from $439.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $927.4 million in Q2 2023 and troughed at -$302.7 million in Q4 2022.
  • A 5-year average of $547.5 million and a median of $497.6 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 130.81% in 2022, then jumped 294.6% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$302.7 million in 2022, then jumped by 294.6% to $589.0 million in 2023, then declined by 4.19% to $564.3 million in 2024, then decreased by 22.16% to $439.2 million in 2025, then dropped by 9.63% to $396.9 million in 2026.
  • Business Quant data shows PBI's Operating Expenses at $396.9 million in Q1 2026, $439.2 million in Q4 2025, and $391.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 19.94 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 22.65 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 2.85 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 3.84 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 2.61 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 1.12 Bn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 385.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -100.02 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 396.94 Mn
10 Cryoport 783.40 Mn 379.76 Mn 21.91 Mn 31.53 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 396.94 Mn
Dec 31, 2025 439.25 Mn
Sep 30, 2025 391.53 Mn
Jun 30, 2025 422.64 Mn
Mar 31, 2025 446.69 Mn
Dec 31, 2024 564.32 Mn
Sep 30, 2024 543.34 Mn
Jun 30, 2024 497.60 Mn
Mar 31, 2024 473.67 Mn
Dec 31, 2023 588.97 Mn
Sep 30, 2023 476.11 Mn
Jun 30, 2023 927.43 Mn
Mar 31, 2023 845.53 Mn
Dec 31, 2022 -302.66 Mn
Sep 30, 2022 820.79 Mn
Jun 30, 2022 874.19 Mn
Mar 31, 2022 901.92 Mn
Dec 31, 2021 982.24 Mn
Sep 30, 2021 868.48 Mn
Jun 30, 2021 873.41 Mn