Q2 25 EPS
$0.27
MISS 3.57%
Est. $0.28
Q2 25 Revenue
$462.0M
MISS 2.92%
Est. $475.9M
vs S&P Since Q2 25
+37.2%
BEATING MARKET
PBI +54.4% vs S&P +17.2%
Market Reaction
Did PBI Beat Earnings? Q2 2025 Results
Pitney Bowes delivered a mixed second quarter, missing on both the top and bottom lines as its ongoing business transformation created near-term revenue headwinds. The company posted adjusted EPS of $0.27, falling just short of the $0.28 consensus es… Read more Pitney Bowes delivered a mixed second quarter, missing on both the top and bottom lines as its ongoing business transformation created near-term revenue headwinds. The company posted adjusted EPS of $0.27, falling just short of the $0.28 consensus estimate by 1.82%, while revenue of $462.00 million trailed expectations by 2.92% and slid 5.7% year over year. The primary culprit was SendTech Solutions, where the end of an IMI product migration cycle that had inflated 2024 comparisons drove an 8% revenue decline. Yet beneath the headline misses, profitability told a sharply different story: GAAP net income swung to $30.00 million from a $25.00 million loss a year ago, and adjusted EBIT surged 37% to $102.00 million. On a broader market day of earnings activity, Pitney also raised its full-year adjusted EPS guidance to $1.20–$1.40, fueled by $130.00 million in year-to-date share buybacks, even as revenue guidance was trimmed to $1.90 billion–$1.95 billion to reflect Presort volume pressures inherited from prior management.
Key Takeaways
- • SendTech Adjusted Segment EBIT up 5% YoY driven by simplification and cost reduction initiatives despite 8% revenue decline
- • Presort Adjusted Segment EBIT up 33% YoY driven by cost reduction initiatives and higher revenue per piece and product mix
- • Lease renewal revenue up more than 20% YoY as company strategically shifts from equipment placement to lease extensions
- • Adjusted EBIT improved 37% YoY to $102 million
- • GAAP net income improved $55 million YoY, swinging from a net loss to $30 million profit
- • Achieved sub-3.0x Adjusted Leverage ratio target
PBI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
PBI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are very excited that Paul is assuming the role of CFO. When Paul and I served together on the board of directors of GameStop in 2020 and 2021, we worked side-by-side to help recapitalize the balance sheet, eliminate debt and enhance shareholder value – all amidst an unprecedented economic backdrop and sizable market volatility. Since joining the Pitney Bowes Board and becoming Chair of the Audit Committee, Paul has rolled up his sleeves to help develop actionable initiatives for sustaining cost reductions, reducing high-interest debt and returning cash to shareholders.”
— Kurt Wolf, Q2 2025 Earnings Press Release
PBI Earnings Trends
PBI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PBI EPS Trend
Earnings per share: estimate vs actual
PBI Revenue Trend
Quarterly revenue: estimate vs actual
PBI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.47 | $0.47 | +0.00% | $477.4M | +0.11% |
| Q4 25 BEAT FY | $0.39 | $0.45 | +15.38% | $477.6M | -1.00% |
| FY Full Year | $1.32 | $1.35 | +2.66% | $1.89B | -0.26% |
| Q3 25 MISS | $0.32 | $0.31 | -3.13% | $459.7M | -1.66% |
| Q2 25 MISS | $0.28 | $0.27 | -3.57% | $462.0M | -2.92% |
| Q1 25 BEAT | $0.27 | $0.33 | +22.22% | $493.4M | -0.90% |