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v3.25.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Revenue from Segments to Consolidated Statements | The following tables provide information about our reportable segments and a reconciliation of adjusted segment EBIT to income or loss from continuing operations before income taxes.
| Revenue
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions | $ | 1,256,001 |  |  | $ | 1,354,032 |  |  | $ | 1,405,864 |
Presort Services | 636,628 |  |  | 662,587 |  |  | 617,599 |
Total segment revenue | 1,892,629 |  |  | 2,016,619 |  |  | 2,023,463 |
Other operations | — |  |  | 9,979 |  |  | 55,462 |
Total revenue | $ | 1,892,629 |  |  | $ | 2,026,598 |  |  | $ | 2,078,925 |
Geographic data: |  |  |  |  |
United States | $ | 1,594,983 |  |  | $ | 1,700,864 |  |  | $ | 1,712,079 |
Outside United States | 297,646 |  |  | 325,734 |  |  | 366,846 |
Total revenue | $ | 1,892,629 |  |  | $ | 2,026,598 |  |  | $ | 2,078,925 |
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions |  |  |  |  |
Revenue | $ | 1,256,001 |  |  | $ | 1,354,032 |  |  | $ | 1,405,864 |
Less: |  |  |  |  |
Cost of revenue | 422,316 |  |  | 479,772 |  |  | 517,742 |
Operating expenses | 421,496 |  |  | 489,509 |  |  | 512,740 |
Adjusted segment EBIT | $ | 412,189 |  |  | $ | 384,751 |  |  | $ | 375,382 |
Presort Services |  |  |  |  |
Revenue | $ | 636,628 |  |  | $ | 662,587 |  |  | $ | 617,599 |
Less: |  |  |  |  |
Cost of revenue | 398,771 |  |  | 417,741 |  |  | 432,229 |
Operating expenses | 72,580 |  |  | 79,062 |  |  | 74,458 |
Adjusted segment EBIT | $ | 165,277 |  |  | $ | 165,784 |  |  | $ | 110,912 |
Schedule of Reconciliation of EBIT from Segments to Consolidated Statements |
| Adjusted Segment EBIT
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions | $ | 412,189 |  |  | $ | 384,751 |  |  | $ | 375,382 |
Presort Services | 165,277 |  |  | 165,784 |  |  | 110,912 |
Total adjusted segment EBIT | 577,466 |  |  | 550,535 |  |  | 486,294 |
Reconciling items: |  |  |  |  |
Other operations | — |  |  | (12,821) |  |  | (2,625) |
Interest expense, net | (149,156) |  |  | (173,694) |  |  | (162,050) |
Corporate expenses | (116,173) |  |  | (152,503) |  |  | (175,951) |
Restructuring charges | (58,392) |  |  | (76,915) |  |  | (52,412) |
Pension settlement | — |  |  | (91,339) |  |  | — |
Impairment charges | (268) |  |  | (10,000) |  |  | (123,574) |
(Loss) gain on debt redemption/refinancing | (14,072) |  |  | (10,892) |  |  | 3,064 |
Proxy solicitation fees | — |  |  | — |  |  | (10,905) |
Foreign currency (loss) gain on intercompany loans | (21,944) |  |  | 10,243 |  |  | (5,761) |
Charges in connection with Ecommerce Restructuring | (12,758) |  |  | (67,831) |  |  | — |
Transaction and Strategic review costs | (12,179) |  |  | (17,110) |  |  | — |
Income (loss) from continuing operations before income taxes | $ | 192,524 |  |  | $ | (52,327) |  |  | $ | (43,920) |
Schedule of Reconciliation of Depreciation and Amortization from Segments to Consolidated |
| Depreciation and amortization
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions | 45,524 |  |  | 45,868 |  |  | 46,979 |
Presort Services | 37,029 |  |  | 35,825 |  |  | 33,642 |
Total reportable segments | 82,553 |  |  | 81,693 |  |  | 80,621 |
Corporate | 29,022 |  |  | 32,276 |  |  | 30,119 |
Other operations | — |  |  | 516 |  |  | 1,984 |
Total depreciation and amortization | $ | 111,575 |  |  | $ | 114,485 |  |  | $ | 112,724 |
Schedule of Reconciliation of Capital Expenditures from Segments to Consolidated |
| Capital expenditures
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions | $ | 42,573 |  |  | $ | 44,351 |  |  | $ | 44,975 |
Presort Services | 14,026 |  |  | 11,011 |  |  | 11,182 |
Total reportable segments | 56,599 |  |  | 55,362 |  |  | 56,157 |
Corporate | 9,679 |  |  | 13,829 |  |  | 18,099 |
Other operations | — |  |  | 3,212 |  |  | 3,853 |
Total capital expenditures | $ | 66,278 |  |  | $ | 72,403 |  |  | $ | 78,109 |
Schedule of Reconciliation of Assets from Segment to Consolidated |
| Assets
| December 31,
| 2025 |  | 2024 |  | 2023
SendTech Solutions | $ | 1,963,310 |  |  | $ | 1,981,753 |  |  | $ | 2,081,199 |
Presort Services | 485,877 |  |  | 478,420 |  |  | 500,757 |
Total reportable segments | 2,449,187 |  |  | 2,460,173 |  |  | 2,581,956 |
Cash and cash equivalents | 284,887 |  |  | 469,726 |  |  | 600,054 |
Short-term investments | 12,232 |  |  | 16,374 |  |  | 22,166 |
Long-term investments | 204,876 |  |  | 190,436 |  |  | 250,240 |
Other corporate assets | 217,769 |  |  | 260,807 |  |  | 285,328 |
Assets of discontinued operations | — |  |  | — |  |  | 532,441 |
Consolidated assets | $ | 3,168,951 |  |  | $ | 3,397,516 |  |  | $ | 4,272,185 |
Schedule of Long-Lived Assets in Individual Foreign Countries by Country |
Identifiable long-lived assets: |  |  |  |  |
United States | $ | 303,039 |  |  | $ | 345,457 |  |  | $ | 390,471 |
Outside United States | 13,924 |  |  | 11,143 |  |  | 13,682 |
Total | $ | 316,963 |  |  | $ | 356,600 |  |  | $ | 404,153 |

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