Q3 25 EPS
$0.31
MISS 3.13%
Est. $0.32
Q3 25 Revenue
$459.7M
MISS 1.66%
Est. $467.4M
vs S&P Since Q3 25
+57.0%
BEATING MARKET
PBI +66.0% vs S&P +9.0%
Market Reaction
Did PBI Beat Earnings? Q3 2025 Results
Pitney Bowes delivered a mixed third quarter, falling short on both top and bottom lines as the company's turnaround under CEO Kurt Wolf remains a work in progress. Revenue declined 8.0% year over year to $459.68 million, missing the $467.44 million … Read more Pitney Bowes delivered a mixed third quarter, falling short on both top and bottom lines as the company's turnaround under CEO Kurt Wolf remains a work in progress. Revenue declined 8.0% year over year to $459.68 million, missing the $467.44 million consensus by 1.66%, while adjusted EPS of $0.31 came in just below the $0.32 estimate. The shortfall was most visible in Presort Services, where a lag effect from a large 2024 USPS workshare discount increase, compounded by prior management's rigid pricing approach, pushed segment revenue down 11% to $148.89 million. Still, the broader profitability story showed genuine progress, with GAAP EPS swinging to $0.30 from a loss of $0.75 a year earlier and adjusted EBIT rising to $107.33 million. Management trimmed full-year guidance toward the low end of prior revenue and free cash flow ranges, citing a flawed forecasting model Wolf is personally rebuilding, though adjusted EPS is still expected near the midpoint of the $1.20 to $1.40 range. With the company approaching its ex-dividend date and having raised its quarterly payout for the fourth consecutive quarter to $0.09 per share, investor focus is sharpening on whether cost discipline can offset the stubborn top-line pressure.
Key Takeaways
- • SendTech revenue decline driven by prior year product migration impact and decrease in mailing install base
- • Presort revenue decline driven by client losses tied to prior rigid pricing strategy and broader market decline
- • Presort margin compression from July 2024 USPS workshare discount increase creating more competitive pricing environment
- • Adjusted EBIT improvement driven by continued cost discipline and cost reduction initiatives
- • GAAP EPS improvement of $1.06 YoY primarily due to absence of prior year discontinued operations losses and restructuring charges
PBI YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
PBI Revenue by Segment
With YoY comparisons, source: SEC Filings
“In closing, I want to reiterate my optimism about the future of Pitney Bowes. By making difficult choices and facing challenges head-on today, we are laying the groundwork for profitable growth and sustained cash generation for the long term. Under my leadership, we continue to move toward a leaner, more disciplined company that is focused on profitable growth. Much brighter days are ahead for Pitney Bowes.”
— Kurt Wolf, Q3 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% |