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Pitney Bowes (PBI) investor relations material
Pitney Bowes Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue declined 1% YoY to $456.2M, while net income, diluted EPS, adjusted EBIT, adjusted EPS and adjusted free cash flow increased.
FY26 revenue and adjusted free cash flow guidance increased; management is shifting from operational fixes toward profitable growth by the end of 2028, with higher investment preceding growth benefits.
Financial highlights
Q3 net income was $52.7M versus $52.0M; diluted EPS was $0.37 versus $0.30. Adjusted EPS was $0.42 versus $0.31 and adjusted EBIT was $114M versus $107M.
Q3 adjusted free cash flow was $147M versus $60M; cash from operations was $151M versus $67M.
Nine-month revenue was $1.385B versus $1.415B; net income was $160.7M versus $117.4M.
Q3 corporate expense included an approximately $10M reclassification of costs to business units; corporate SG&A is expected to decline as efficiencies are identified.
Outlook and guidance
FY26 revenue guidance rose to $1.83B–$1.86B from $1.80B–$1.86B; adjusted free cash flow guidance rose to $380M–$420M from $360M–$410M.
Adjusted EBIT guidance narrowed to $450M–$470M from $445M–$475M; adjusted EPS guidance narrowed to $1.58–$1.67 from $1.55–$1.70.
YTD adjusted free cash flow benefited from increased prepayments by new clients after a mail sortation competitor exited.
2027 free cash flow is expected below 2026 as investment rises and working-capital tailwinds vary; Q4 adjusted EBIT has uncertainty from bonus accruals and other accounting items.
- Net income surged 66% as adjusted EBIT, EPS, and free cash flow rose despite revenue decline.PBI
Q2 2026 - Net income and EPS surged in Q1 2026 as cost controls offset revenue declines and guidance was reaffirmed.PBI
Q1 2026 - 2025 saw major leadership changes, cost savings, and a focus on pay-for-performance and governance.PBI
Proxy filing - Virtual annual meeting to vote on directors, auditor, and executive pay, with board support.PBI
Proxy filing - Profitability and cash flow rose in 2025, with disciplined capital allocation and a positive 2026 outlook.PBI
Q4 2025 - Net income rose to $52M in Q3 2025 as cost savings and buybacks offset lower revenue.PBI
Q3 2025 - Adjusted EBIT up 22% as GEC exit and cost actions drive improved profitability and margins.PBI
Q3 2024 - Revenue up, net loss down, GEC exited, and cost cuts drive improved outlook.PBI
Q2 2024 - Adjusted EBIT and EPS surged in 2024, with robust capital returns and higher 2025 guidance.PBI
Q4 2024
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Next Pitney Bowes earnings date
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