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Pitney Bowes

Pitney Bowes (PBI) Q4 2025 Earnings

Reported Feb 17, 2026 at 4:28 PM ET · SEC Source

Q4 25 EPS

$0.45

BEAT +15.38%

Est. $0.39

Q4 25 Revenue

$477.6M

MISS 1.00%

Est. $482.5M

vs S&P Since Q4 25

+53.4%

BEATING MARKET

PBI +61.3% vs S&P +8.0%

Full Year 2025 Results

FY 25 EPS

$1.35

BEAT +2.66%

Est. $1.32

FY 25 Revenue

$1.89B

MISS 0.26%

Est. $1.90B

Market Reaction

Did PBI Beat Earnings? Q4 2025 Results

Pitney Bowes closed out its fiscal fourth quarter with a compelling profitability story, even as revenue continued to slide, posting adjusted EPS of $0.45, up 40% from a year ago, on revenue of $477.63 million, which fell 7% year-over-year amid persi… Read more Pitney Bowes closed out its fiscal fourth quarter with a compelling profitability story, even as revenue continued to slide, posting adjusted EPS of $0.45, up 40% from a year ago, on revenue of $477.63 million, which fell 7% year-over-year amid persistent headwinds across both business segments. The standout driver was relentless cost discipline: adjusted EBIT climbed 15% to $132.00 million and free cash flow surged 50% to $212.00 million, while GAAP EPS swung to $0.17 from a loss of $0.21 in the prior-year quarter. SendTech Solutions, though still absorbing the tail effects of a product migration that wrapped at year-end 2024, expanded gross margins by 180 basis points and grew adjusted segment EBIT 24%, offering a signal that the segment may be approaching a cyclical low point. Looking ahead, management guided full-year 2026 adjusted EPS of $1.40 to $1.60 on revenue of $1.76 billion to $1.86 billion, while flagging that a Phase 2 strategic review examining all alternatives to its standalone path is expected to launch by the end of Q2 2026.

Key Takeaways

  • • Disciplined cost management with annualized cost savings in excess of $50 million
  • • SendTech gross margin expanded 180 basis points in Q4 through cost optimization and shift to higher-margin revenue streams
  • • SendTech operating expenses declined $28 million year-over-year in Q4
  • • Strong free cash flow generation of $212M in Q4, up 50% year-over-year
  • • One-time items and ongoing share repurchases provided material tailwind
24/7 Wall St

PBI YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

PBI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“These results reflect new leadership's focus on accretive capital allocation, disciplined cost management and improved operational execution. With this said, one-time items and ongoing share purchases also represented a material tailwind.”

— Kurt Wolf, Q4 2025 Earnings Press Release

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