Pitney Bowes reported results for the quarter ended 2026 with total revenue of $451.5M, down from $461.91M a year earlier, while net income rose to $49.91M and diluted EPS increased to $0.36.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$451.5M$461.91M(2.3%) | Net income²$49.91M$29.98M66.5% | Diluted EPS³$0.36$0.17111.8% |
¹ Reported as “Total revenue”. ² Reported as “Net income”. ³ Reported as “Diluted net income per share”.
Business Highlights
- Total revenue declined low-single digits year-over-year, driven by secular mailing declines across segments.
- SendTech posted services growth and higher gross margins from a favorable product mix and a tariff refund, while products revenue fell.
- Presort volumes and margins were pressured by lower mail volumes, higher transport/fuel and labor costs, and client losses.
- SG&A and corporate expenses decreased through restructuring and lower employee and professional costs, supporting improved adjusted EBIT.
- Management expects continued low- to mid-single-digit revenue declines and cautioned that transportation volatility and cost pressures may persist.
Original SEC Filing:
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