Pitney Bowes Inc. (PBI) Earnings
Pitney Bowes Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.34. PBI has beaten EPS estimates in 5 of its last 11 reported quarters (average surprise +3.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.47 | $0.47 | +0.0% | $477M | +1.1% |
| Feb 17, 2026 | $0.38 | $0.45 | +18.4% | $478M | +1.9% |
| Oct 29, 2025 | $0.32 | $0.31 | -3.1% | $460M | -4.7% |
| Jul 30, 2025 | $0.27 | $0.27 | +0.0% | $462M | -1.2% |
| May 7, 2025 | $0.28 | $0.33 | +17.9% | $493M | -0.9% |
| Nov 7, 2024 | $0.13 | $0.21 | +61.5% | $499M | +6.8% |
| Aug 8, 2024 | $-0.06 | $0.03 | +150.0% | $793M | +2.8% |
| May 2, 2024 | $-0.01 | $-0.01 | -77.9% | $831M | +4.2% |
| Feb 1, 2024 | $0.02 | $0.07 | +250.0% | $872M | +2.6% |
| Nov 2, 2023 | $-0.04 | $-0.07 | -100.0% | $784M | -0.8% |
| Aug 3, 2023 | $-0.01 | $-0.02 | -100.0% | $776M | -4.1% |
| May 4, 2023 | — | $-0.01 | — | $835M | -3.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter results were strong and broad-based, with momentum in the business and guidance upped. - Centec showed potential signs of turning the corner on sales, PreSort was winning business. - Pitney Bowes Bank was making rapid progress on operational improvements. - Delivered significant shareholder value through capital allocation policy. - Started interviewing advisors for the second stage of strategic review. - Employees are highly dedicated and committed to the transformation.
Guidance
- First quarter results were strong and broad-based, and the outlook reflects momentum with growth expected to return in the third quarter. - Guidance was upped, with the pre-sort business showing potential to pick up momentum and bookings up year over year. - There's optimism for the current year regarding free cash flow and business growth, but being a bit conservative on guidance in case of potential pull forward effects. - Guidance would have been stronger if not for the change in treating pension expenses tied to a triggering event.
Segment performance
Centec performed well in the quarter with Todd and his team focusing on areas like slowing the rate of decline in the meters business (through outreach to save customers, predictive analytics, and refocusing on customer acquisition) and growth from the shipping software side (narrowing and simplifying offerings, flipping product development to customer needs, and using the bank as a differentiator). PreSort continues to win business and build sales momentum, with the ability to go after smaller tuck-in acquisitions. Pitney Bowes Bank is making rapid progress with operational improvements and identifying value driving opportunities. Absolute financial details not fully specified, but revenue contribution % not clearly broken down in the provided text.
Risks & headwinds
- Forward-looking statements involve risks and uncertainties that could cause actual results to differ from projections. - Potential one-time headwinds for Centec later in the year related to non-core businesses. - Uncertainty regarding the success of partnerships like the one with Temu until it's fully evaluated. - Risks associated with forecasting within the business, which has been improved but was previously a challenge.
Analyst Q&A
Q: Can you talk about the consolidation opportunity and pre-sort, including hiring Greenhill and approach to acquisitions?
A: Jasper, thanks. Pre-sort has great value creation opportunity. Can pursue on own but outside advisor helps accelerate. Sweet spot often smaller mom and pop opportunities, and as capital position improves, more opportunities may open.
Q: Talk about what's working in Centec this quarter and its trend.
A: Todd and team's work. For meters, focusing on saving customers, predictive analytics, customer acquisition. For shipping software, narrowing/simplifying offerings, flipping product dev to customer needs, using bank as differentiator.
Q: How much of net new business and volume growth is due to wins vs lapping losses?
A: Paul says presort has stopped losses, picking up wins, filling pipeline, should see positive momentum in latter half.
Q: Drivers of strong Q1 free cash flow?
A: Paul says good working capital management in Q1 and Q4. Durability of free cash flow is proving itself, but being conservative on guidance in case of pull forward effects.
Q: One thing most proud of over last year and biggest challenge?
A: Kurt proud of employees' dedication. Biggest challenge is forecasting.
Q: Drivers of strong pre-sort revenue recovery and strategies?
A: Paul says know cost, low cost provider, Debbie's team building pipeline. Kurt says Centec and PreSort were starved of resources before, now Debbie's team has more resources to invest, improve efficiency, price aggressively.
Q: Comment on paid software subscribers and bookings in Centec?
A: Paul says bookings up as sales teams achieving targets. Subscriptions linked to sales team reform, but exact numbers not given. Kurt adds on bookings and stream revenue.
Q: One-time headwinds for Centec later in the year?
A: Kurt says non-core related businesses may cause headwinds, but not reflecting core business health.
Q: Comment on partnership with Temu?
A: It's a beta test to figure out if it works, will see how it goes and spread if successful.
Q: Thoughts on adding business line to Centec?
A: Kurt says bank is a big asset, can use low cost of capital from bank to profit by extending credit to credit worthy e-commerce customers.
Q: Managing cost cutting without hurting long-term prospects?
A: Paul says initial cuts were blunt force, now surgical. Cardiff adds cuts leading to new thinking and better outcomes, like within HR identifying cost savings.
Q: Clarity on guidance regarding pension expenses?
A: Justin, we did raise guidance but refined pension treatment tied to a triggering event, guidance would have been stronger without this change.
Q: Debt reduction and leverage?
A: Kurt says have fiduciary duty to shareholders and debt holders, aim to de-risk for lenders and de-leverage, expect to pay off 27s without additional debt soon with Paul to give more detailed insights.