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Revenue
 9 Months Ended
Sep. 30, 2025
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 September 30, 2025
SendTech SolutionsPresort Services
Revenue from services and products
Revenue from leasing transactions and financingTotal consolidated revenue
Major service/product lines
Services$140,583 $148,893 $289,476 $— $289,476 
Products52,475 — 52,475 37,237 89,712 
Financing and other— — — 80,487 80,487 
Subtotal193,058 148,893 341,951 $117,724 $459,675 
Revenue from leasing transactions and financing117,724 — 117,724 
     Total revenue$310,782 $148,893 $459,675 
Timing of revenue recognition from services and products
Services/products transferred at a point in time
$67,574 $— $67,574 
Services/products transferred over time
125,484 148,893 274,377 
      Total$193,058 $148,893 $341,951 


Three Months Ended September 30, 2024
SendTech SolutionsPresort ServicesOther
Revenue from services and products
Revenue from leasing transactions and financingTotal consolidated revenue
Major service/product lines
Services$144,660 $166,367 $1,720 $312,747 $— $312,747 
Products55,280 — — 55,280 46,566 101,846 
Financing and other— — — — 84,870 84,870 
Subtotal199,940 166,367 1,720 368,027 $131,436 $499,463 
Revenue from leasing transactions and financing131,436 — — 131,436 
     Total revenue$331,376 $166,367 $1,720 $499,463 
Timing of revenue recognition from services and products
Services/products transferred at a point in time
$69,631 $— $— $69,631 
Services/products transferred over time
130,309 166,367 1,720 298,396 
      Total$199,940 $166,367 $1,720 $368,027 
Nine Months Ended September 30, 2025
SendTech SolutionsPresort Services
Revenue from services and products
Revenue from leasing transactions and financingTotal consolidated revenue
Major service/product lines
Services$421,431 $476,900 $898,331 $— $898,331 
Products159,876 — 159,876 113,906 273,782 
Financing and other— — — 242,891 242,891 
Subtotal581,307 476,900 1,058,207 $356,797 $1,415,004 
Revenue from leasing transactions and financing356,797 — 356,797 
     Total revenue$938,104 $476,900 $1,415,004 
Timing of revenue recognition from services and products
Services/products transferred at a point in time
$203,628 $— $203,628 
Services/products transferred over time
377,679 476,900 854,579 
      Total$581,307 $476,900 $1,058,207 


Nine Months Ended September 30, 2024
SendTech SolutionsPresort ServicesOtherRevenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Major service/product lines
Services$439,683 $483,032 $9,975 $932,690 $— $932,690 
Products173,175 — — 173,175 151,057 324,232 
Financing and other— — — — 253,555 253,555 
Subtotal612,858 483,032 9,975 1,105,865 $404,612 $1,510,477 
Revenue from leasing transactions and financing404,612 — — 404,612 
     Total revenue$1,017,470 $483,032 $9,975 $1,510,477 
Timing of revenue recognition from services and products
Services/products transferred at a point in time
$217,790 $— $— $217,790 
Services/products transferred over time
395,068 483,032 9,975 888,075 
      Total$612,858 $483,032 $9,975 $1,105,865 

Our performance obligations for revenue from services and products are as follows:
Services revenue includes revenues from digital shipping and mailing technology solutions and the maintenance, professional and subscription services related to those solutions, mail processing services and cross-border solutions. Revenues for mail processing services and cross-border solutions 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 services is recognized ratably over the contract period as the client obtains equal benefit from these services throughout the period. Revenue for maintenance and subscription services is recognized ratably over the contract period, which ranges from one to five years, and revenue for professional services is recognized when services are provided.
Products revenue generally includes the sale of mailing and shipping equipment and related supplies. We recognize revenue upon delivery for self-install equipment and supplies and upon acceptance or installation for other equipment.
Financing and other revenue includes revenue from sales-type and operating leases, finance income, fees and investment income, gains and losses at the Pitney Bowes Bank.
Advance Billings from Contracts with Customers
Balance sheet locationSeptember 30, 2025December 31, 2024Increase/ (decrease)
Advance billings, currentAdvance billings$64,891 $63,732 $1,159 
Advance billings, noncurrent Other noncurrent liabilities$236 $159 $77 

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 maintenance services on mailing equipment. Revenue recognized during the period includes $47 million of advance billings at the beginning of the period. Current advance billings at September 30, 2025 and December 31, 2024 does not include $8 million and $6 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 202520262027-2030Total
SendTech Solutions$66,115 $231,542 $362,494 $660,151 
These amounts 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.