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Pitney Bowes

Pitney Bowes (PBI) Q2 2026 Earnings

Reported Jul 29, 2026 at 4:09 PM ET · SEC Source

Q2 26 EPS

$0.43

BEAT +32.31%

Est. $0.33

Q2 26 Revenue

$451.5M

BEAT +1.81%

Est. $443.5M

vs S&P Since Q2 26

-12.2%

TRAILING MARKET

PBI -8.1% vs S&P +4.1%

Market Reaction

Did PBI Beat Earnings? Q2 2026 Results

Pitney Bowes delivered a standout second quarter, posting adjusted EPS of $0.43 against a consensus estimate of $0.33, a beat of 32.31%, while revenue of $451.50 million edged past expectations by 1.81% even as it slipped 2.3% year over year. The pri… Read more Pitney Bowes delivered a standout second quarter, posting adjusted EPS of $0.43 against a consensus estimate of $0.33, a beat of 32.31%, while revenue of $451.50 million edged past expectations by 1.81% even as it slipped 2.3% year over year. The primary engine behind the earnings strength was a dramatic margin expansion in SendTech Solutions, where a $14.00 million reduction in operating expenses and a $5.00 million tariff refund drove adjusted segment EBIT up 21% to $122.68 million, more than offsetting continued softness in Presort Services, where higher fuel and transportation costs weighed heavily. GAAP net income climbed 66% to $49.91 million, and cash from operations surged 37% to $152.92 million, underscoring the company's improving financial discipline. Shares had already touched a 52-week high ahead of the report, reflecting building investor confidence, and management rewarded that optimism by raising full-year adjusted EPS guidance to $1.55-$1.70 and adjusted free cash flow guidance to $360.00 million-$410.00 million, while reaffirming revenue guidance of $1.80 billion-$1.86 billion.

Key Takeaways

  • • SendTech cost reductions driving $14M operating expense decline year-over-year
  • • $5 million tariff refund recognized in Q2 boosting SendTech profitability
  • • Strong sales execution and growing subscription revenue at SendTech
  • • Presort revenue decline moderating, with June showing year-over-year top-line growth
  • • Presort profitability impacted by higher fuel and transportation costs and reduced operating leverage

PBI Forward Guidance & Outlook

Pitney Bowes raised its full-year 2026 guidance for Adjusted EBIT to $445M-$475M (from $425M-$465M), Adjusted EPS to $1.55-$1.70 (from $1.50-$1.65), and Adjusted Free Cash Flow to $360M-$410M (from $345M-$380M). Revenue guidance was reaffirmed at $1,800M-$1,860M. Management expects headwinds in Q3 and Q4 from higher transportation costs, the unwinding of certain non-core contracts, and the absence of non-recurring items that benefited the first half, including a $5 million tariff refund. Presort revenue decline is expected to continue moderating. The company plans to hold an analyst and investor day in the first half of 2027 and intends to begin reporting PB Bank as an independent segment next year.

24/7 Wall St

PBI YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

PBI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“As disclosed in today's earnings release, we delivered strong results in the second quarter that included meaningful growth in earnings and cash flow. Despite planned investments in future growth and certain expected headwinds in the second half of the year, our underlying strong performance gives us the confidence to reaffirm our full-year outlook for revenue and raise our full-year outlook for Adjusted EBIT, Adjusted EPS and Adjusted Free Cash Flow.”

— Kurt Wolf, Q2 2026 Earnings Press Release

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