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Q1 26 EPS
$0.47
BEAT +0.00%
Est. $0.47
Q1 26 Revenue
$477.4M
BEAT +0.11%
Est. $476.9M
Did PBI Beat Earnings? Q1 2026 Results
Pitney Bowes delivered a clean beat to open fiscal 2026, posting adjusted EPS of $0.47 against a consensus estimate of $0.47 and revenue of $477.41 million, edging the $476.89 million forecast by 0.11%, even as total sales slipped 3.2% year over year… Read more Pitney Bowes delivered a clean beat to open fiscal 2026, posting adjusted EPS of $0.47 against a consensus estimate of $0.47 and revenue of $477.41 million, edging the $476.89 million forecast by 0.11%, even as total sales slipped 3.2% year over year amid persistent secular pressure on physical mail volumes. The headline profit improvement was substantial, with GAAP net income climbing 64% to $58.14 million and adjusted EPS rising 42% from $0.33 a year ago, driven largely by SendTech Solutions, where a $14.00 million reduction in operating expenses lifted Adjusted Segment EBIT 17% to $113.53 million despite a 1% revenue dip. Free cash flow swung sharply positive to $43.51 million from negative $20.46 million in the prior-year period, underscoring improving operational discipline. The company reaffirmed full-year 2026 guidance calling for revenue of $1.80 billion to $1.86 billion, Adjusted EPS of $1.50 to $1.65, and free cash flow of $345.00 million to $380.00 million, with management projecting Presort volumes to turn positive year over year by early Q3, adding further confidence to the outlook. The stock had already touched a 52-week high ahead of the print, reflecting growing investor conviction in the turnaround thesis.
Key Takeaways
- • Cost management drove improved SendTech EBIT despite revenue decline, with operating expenses down $14M year-over-year
- • Moderation in mailing-related revenue declines supported by strong sales execution and lapping of prior-year IMI product migration
- • Growth across digital mailing and shipping solutions and Pitney Bowes Bank partially offset mailing declines
- • Significant share repurchase activity reduced diluted share count from 184.8M to 147.7M year-over-year
- • Presort volume decline of 6% from previously communicated client losses and market decline
PBI Forward Guidance & Outlook
Pitney Bowes reaffirmed its previously upgraded 2026 full-year guidance: Revenue of $1,800M–$1,860M, Adjusted EBIT of $425M–$465M, Adjusted EPS of $1.50–$1.65, and Free Cash Flow of $345M–$380M. Strong Q1 results combined with improving sales trends drove the earlier guidance increase. Management expects year-over-year Presort volume to turn positive by early Q3 if not sooner, and noted SendTech sales bookings momentum has carried into the start of Q2. The company plans to initiate the external portion of its strategic review by the end of Q2 2026 and remains committed to reducing net debt in 2026.
PBI YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
PBI Revenue by Segment
With YoY comparisons, source: SEC Filings
“I could not be more pleased with how the entire organization is rallying around achieving our strategic objectives for 2026.”
— Kurt Wolf, Q1 2026 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% |