In 2025, Pitney Bowes reversed years of losses with net income of $145 million on revenues down 7% to $1.89 billion. The company’s two core segments, SendTech Solutions and Presort Services, face structural volume declines but benefit from margin expansion through cost controls and digital service growth. Pitney Bowes is actively managing its leverage via refinancing and share repurchases, while contending with competitive pricing pressures and secular mail volume contractions. Monitoring leverage ratios and segment revenue trends will be key as the company pursues incremental growth initiatives and operational efficiencies.