Pitney Bowes Inc (PBI)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 255,358 | 1,056,697 | 1,141,634 | 1,502,937 | 1,621,899 | 1,262,031 | 1,271,469 | 1,293,714 | 1,207,336 | 1,221,464 | 1,206,539 | 1,142,973 | 593,984 | 586,766 | 439,024 | 338,360 | 693,703 | 737,801 | 681,789 | 411,601 |
| Revenue (ttm) | US$ in thousands | 3,266,348 | 3,303,461 | 3,350,624 | 3,445,638 | 3,538,042 | 3,613,063 | 3,657,598 | 3,685,306 | 3,673,561 | 3,718,269 | 3,734,718 | 3,673,007 | 3,554,078 | 3,357,001 | 3,255,228 | 3,206,309 | 3,205,125 | 3,231,196 | 3,201,352 | 3,186,317 |
| Operating profit margin | 7.82% | 31.99% | 34.07% | 43.62% | 45.84% | 34.93% | 34.76% | 35.10% | 32.87% | 32.85% | 32.31% | 31.12% | 16.71% | 17.48% | 13.49% | 10.55% | 21.64% | 22.83% | 21.30% | 12.92% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $255,358K ÷ $3,266,348K
= 7.82%
The operating profit margin of Pitney Bowes, Inc. has shown a decreasing trend over the past eight quarters. It dropped from 4.16% in Q1 2022 to 2.55% in Q4 2023. This decline indicates that the company's operating expenses are consuming a larger portion of its revenue, reducing its profitability. It is important for Pitney Bowes to closely monitor and manage its operating costs in order to improve its operating profit margin and overall financial performance.