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Revenue
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregated Revenue
The following tables disaggregate our revenue by source and timing of recognition:
Three Months Ended June 30, 2024
SendTech SolutionsPresort Services
Global Ecommerce
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Major products/service lines
Business services$33,651 $146,858 $326,157 $506,666 $— $506,666 
Support services94,012 — — 94,012 — 94,012 
Financing— — — — 67,539 67,539 
Equipment sales20,932 — — 20,932 51,821 72,753 
Supplies35,509 — — 35,509 — 35,509 
Rentals— — — — 16,691 16,691 
Subtotal184,104 146,858 326,157 657,119 $136,051 $793,170 
Revenue from leasing transactions and financing136,051 — — 136,051 
     Total revenue$320,155 $146,858 $326,157 $793,170 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$71,694 $— $— $71,694 
Products/services transferred over time112,410 146,858 326,157 585,425 
      Total$184,104 $146,858 $326,157 $657,119 


Three Months Ended June 30, 2023
SendTech SolutionsPresort Services
Global Ecommerce
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Major products/service lines
Business services$25,341 $143,107 $305,049 $473,497 $— $473,497 
Support services103,315 — — 103,315 — 103,315 
Financing— — — — 66,702 66,702 
Equipment sales19,060 — — 19,060 60,391 79,451 
Supplies36,505 — — 36,505 — 36,505 
Rentals— — — — 17,011 17,011 
Subtotal184,221 143,107 305,049 632,377 $144,104 $776,481 
Revenue from leasing transactions and financing144,104 — — 144,104 
     Total revenue$328,325 $143,107 $305,049 $776,481 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$73,495 $— $— $73,495 
Products/services transferred over time110,726 143,107 305,049 558,882 
      Total$184,221 $143,107 $305,049 $632,377 
Six Months Ended June 30, 2024
SendTech SolutionsPresort Services
Global Ecommerce
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Major products/service lines
Business services$66,176 $316,665 $659,422 $1,042,263 $— $1,042,263 
Support services190,345 — — 190,345 — 190,345 
Financing — — — — 135,202 135,202 
Equipment sales45,665 — — 45,665 104,491 150,156 
Supplies72,230 — — 72,230 — 72,230 
Rentals— — — — 33,483 33,483 
Subtotal374,416 316,665 659,422 1,350,503 $273,176 $1,623,679 
Revenue from leasing transactions and financing273,176 — — 273,176 
     Total revenue$647,592 $316,665 $659,422 $1,623,679 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$148,159 $— $— $148,159 
Products/services transferred over time226,257 316,665 659,422 1,202,344 
      Total$374,416 $316,665 $659,422 $1,350,503 


Six Months Ended June 30, 2023
SendTech SolutionsPresort Services
Global Ecommerce
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Major products/service lines
Business services$49,289 $302,009 $645,690 $996,988 $— $996,988 
Support services208,599 — — 208,599 — 208,599 
Financing — — — — 133,751 133,751 
Equipment sales39,055 — — 39,055 123,006 162,061 
Supplies75,340 — — 75,340 — 75,340 
Rentals— — — — 34,280 34,280 
Subtotal372,283 302,009 645,690 1,319,982 $291,037 $1,611,019 
Revenue from leasing transactions and financing291,037 — — 291,037 
     Total revenue$663,320 $302,009 $645,690 $1,611,019 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$150,559 $— $— $150,559 
Products/services transferred over time221,724 302,009 645,690 1,169,423 
      Total$372,283 $302,009 $645,690 $1,319,982 
Our performance obligations for revenue from products and services are as follows:
Business services includes fulfillment, delivery and return services, cross-border solutions, mail processing services and shipping subscription solutions. Revenues for fulfillment, delivery and return services, cross-border solutions, and mail processing services are recognized over time using an output method based on the number of parcels or mail pieces either processed or delivered, depending on the service type, since that measure best depicts the value of goods and services transferred to the client over the contract period. Contract terms for these services initially range from one to five years and contain annual renewal options. Revenue for shipping subscription solutions is recognized ratably over the contract period as the client obtains equal benefit from these services through the period.
Support services includes providing maintenance, professional and subscription services for our equipment and digital mailing and shipping technology solutions. Contract terms range from one to five years. Revenue for maintenance and subscription services is recognized ratably over the contract period and revenue for professional services is recognized when services are provided.
Equipment sales includes the sale of mailing and shipping equipment, excluding sales-type leases. We recognize revenue upon delivery for self-install equipment and upon acceptance or installation for other equipment. We provide a warranty that the equipment is free of defects and meets stated specifications. The warranty is not considered a separate performance obligation.
Supplies includes revenue from the sale of supplies for our mailing equipment and is recognized upon delivery.
Revenue from leasing transactions and financing includes revenue from sales-type and operating leases, finance income, late fees and investment income, gains and losses at the Pitney Bowes Bank (the Bank).

Advance Billings from Contracts with Customers
Balance sheet locationJune 30, 2024December 31, 2023Increase/ (decrease)
Advance billings, currentAdvance billings$78,471 $82,124 $(3,653)
Advance billings, noncurrent Other noncurrent liabilities$409 $507 $(98)

Advance billings are recorded when cash payments are due in advance of our performance. Revenue is recognized ratably over the contract term. Items in advance billings primarily relate to support services on mailing equipment. Revenue recognized during the period includes $60 million of advance billings at the beginning of the period. Current advance billings shown above at June 30, 2024 and December 31, 2023 does not include $8 million and $7 million, respectively, from leasing transactions.

Future Performance Obligations
Future performance obligations primarily include maintenance and subscription services bundled with our leasing contracts. The transaction prices allocated to future performance obligations will be recognized as follows:
Remainder of 202420252026-2029Total
SendTech Solutions$127,844 $222,057 $350,923 $700,824 
The amounts above do not include revenue for performance obligations under contracts with terms less than 12 months or revenue for performance obligations where revenue is recognized based on the amount billable to the customer.