Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

PBI earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Pitney Bowes reported Q1 2026 with revenues of $477.4 million, down 3% year-over-year, and an EPS of $0.39, double from previous year’s $0.19. Cash flow from operations improved significantly to $44.2 million compared…

Read full summary

Pitney Bowes reported Q1 2026 with revenues of $477.4 million, down 3% year-over-year, and an EPS of $0.39, double from previous year’s $0.19. Cash flow from operations improved significantly to $44.2 million compared to a loss last year, driven by effective cost management despite lower segment revenues, particularly in Presort Services. Future outlook indicates continued revenue and EBIT decline due to the ongoing shift in mailing behavior.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $32 Operating expenses $51 Left as operating profit $17

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Where revenue came from

The business segments reported by the company.

SendTech Solutions 65.8% Presort Services 34.2%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.39

What stood out

  • Revenue Exceeds Expectations

    Revenue for Q1 2026 was $477.4 million, beating estimates by $2 million.

  • Strong EPS Growth

    Diluted EPS grew to $0.39, a 105% increase from $0.19 in Q1 2025.

  • Improved Cash Flow

    Operating cash flow improved to $44.2 million from a negative $16.7 million last year.

  • Segment EBIT Growth

    Adjusted segment EBIT for SendTech Solutions rose 17% to $113.5 million.

  • Cost Management Success

    SG&A expenses decreased by 20% to $133.4 million, benefiting overall margins.

  • Debt Reduction Strategy

    The company plans to use cash flow to reduce debt levels and lower interest expenses.

What to watch

  • Decline in Presort Revenue

    Revenue in the Presort Services segment dropped 8%, mainly due to a 6% decline in mail volumes.

  • Increased Restructuring Expenses

    Restructuring charges increased significantly by 264% year-over-year to $5.1 million.

  • Pension Costs Affecting Profitability

    Other components of pension costs surged to $11 million, up from $1.85 million last year.

Management's outlook

For 2026, Pitney Bowes expects low to mid-single digit decline in revenue.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.