PITNEY BOWES INC /DE/ Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
Income (loss) from continuing operations | $ | 144,697 | $ | 102,502 | $ | (61,267) | |||||||||||
Loss from discontinued operations, net of tax | — | (306,099) | (324,360) | ||||||||||||||
| Net income (loss) | $ | 144,697 | $ | (203,597) | $ | (385,627) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares used in basic EPS | 171,605 | 179,510 | 175,640 | ||||||||||||||
Dilutive effect of common stock equivalents | 1,435 | 3,016 | — | ||||||||||||||
| Weighted-average shares used in diluted EPS | 173,040 | 182,526 | 175,640 | ||||||||||||||
Basic earnings (loss) per share: | |||||||||||||||||
| Continuing operations | $ | 0.84 | $ | 0.57 | $ | (0.35) | |||||||||||
| Discontinued operations | — | (1.71) | (1.85) | ||||||||||||||
| Net income (loss) | $ | 0.84 | $ | (1.13) | $ | (2.20) | |||||||||||
Diluted earnings (loss) per share: | |||||||||||||||||
| Continuing operations | $ | 0.84 | $ | 0.56 | $ | (0.35) | |||||||||||
| Discontinued operations | — | (1.68) | (1.85) | ||||||||||||||
| Net income (loss) | $ | 0.84 | $ | (1.12) | $ | (2.20) | |||||||||||
| Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: | |||||||||||||||||
| Stock-based compensation awards | 4,646 | 8,129 | 13,467 | ||||||||||||||
| Convertible senior notes | 16,135 | — | — | ||||||||||||||
| Total | 20,781 | 8,129 | 13,467 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.