Pitney Bowes (PBI) Q3 2026 Earnings
Adjusted EPS of $0.42 vs GAAP diluted EPS of $0.37. Adjustments per share: - Excludes pension expense of plans to be terminated ($0.04). - Excludes transaction and strategic review costs ($0.03). - Excludes restructuring charges ($0.01). - Excludes gain on debt activities (-$0.02). - Excludes foreign currency gain on intercompany loans (-$0.01). Segment results also include non-recurring medical-claims benefit allocations of $3 million (SendTech) and $7 million (Presort).
How Did PBI Stock React to Q3 2026 Earnings?
Did PBI Beat Earnings? Q3 2026 Results
Yes. Pitney Bowes reported Q3 2026 earnings of $0.42 a share on Oct 28, 2026, beating the $0.36 consensus estimate by 18.3%. Revenue was $456.2M against a $452.7M estimate.
Pitney Bowes delivered a stronger-than-expected third quarter, with adjusted EPS of $0.42 clearing the $0.35 consensus by 18.31% and GAAP diluted EPS coming in at $0.37, both well ahead of the $0.31 and $0.30 posted a year ago. Revenue of $456.18 million edged past the $452.68 million estimate, though it slipped 0.8% year over year, reflecting the ongoing contraction of the company's mailing install base in SendTech. The more striking headline was cash generation: operating cash flow surged to $151.00 million from $67.00 million, with management crediting a wave of customer prepayments following a significant mail sortation competitor's exit from the market, a tailwind that also lifted Presort volumes 4% to 3.4 billion pieces. Pitney Bowes raised the low end of its full-year revenue guidance to a range of $1.83 billion to $1.86 billion and lifted its adjusted free cash flow outlook to $380 million to $420 million, while CEO Kurt Wolf said he is increasingly confident the company can return to year-over-year revenue growth by the end of 2028, if not sooner.
- SendTech operating expenses declined $13 million year-over-year, lifting Adjusted Segment EBIT 14%
- SendTech gross profit flat despite lower revenue on favorable product mix and lower tariff costs
- Higher SendTech equipment sales partially offset mailing install base declines
- Presort volume up 4% to 3.4 billion pieces on new client wins
- Non-recurring medical claims benefit allocations of $3 million (SendTech) and $7 million (Presort)
- Increased customer prepayments from new Presort clients boosted adjusted free cash flow
- Lower diluted share count (140.7 million vs 170.4 million) from buybacks
“Looking ahead, I am increasingly confident that the Company's investments in new talent, offerings and technology will help deliver year-over-year revenue growth by the end of 2028 – if not sooner.”
Pitney Bowes CEO, on the earnings call
What Is Pitney Bowes's Outlook?
Pitney Bowes updated its 2026 guidance: - **Revenue:** low end raised, range now $1,830-$1,860 million (from $1,800-$1,860 million). - **Adjusted free cash flow:** raised to $380-$420 million (from $360-$410 million). - **Adjusted EBIT:** narrowed to $450-$470 million (from $445-$475 million). - **Adjusted EPS:** narrowed to $1.58-$1.67 (from $1.55-$1.70). The EBIT and EPS midpoints were maintained. Year-to-date adjusted free cash flow reflects increased customer prepayments following a major mail sortation competitor's exit. The CEO said: - He is increasingly confident of returning to year-over-year revenue growth by the end of 2028, if not sooner. - A wind-down of a non-core former Global eCommerce contract will weigh on 2027 revenue. - PB Bank will be reported as a separate segment in 2027, with its cautious growth approach creating a short-term profitability drag. - Presort pricing and margins are likely to increase going forward.
PBI YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $456.2M | $459.7M | −0.8% |
| Net Income | $52.7M | $52.0M | +1.4% |
PBI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.