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Pitney Bowes (PBI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Pitney Bowes (PBI) Q3 2026 earnings results →

Q3 2026 Revenue down 1% year over year to $456M · 12¢ of every $1 of revenue kept as net profit · operating margin 15.4%

Pitney Bowes made $456M in Q3 2026 (-0.8% Y/Y): Services $288M, Products $90.3M, Financing and other $77.9M. Operating margin 15.4%, net earnings $52.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$456M
Year over year-0.8%
Operating margin15.4%
Net earnings$52.7M
Operating cash flow$151M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $456.2M in Q3 2026, down 1% year over year and up 1% from the previous quarter. Services was the largest line at 63% of revenue. Financing and other lost $2.6M year over year (down 3%), 74% of the total change.

Operating profit was $70.1M, a 15.4% margin (up 0.5 points year over year). Total costs fell 1% while revenue fell 1%. Net earnings were $52.7M, up 1% year over year. The effective tax rate was 24.9%.

Operating cash flow was $151.1M (up 126% year over year), 287% of net earnings. Non-cash charges added back $22.7M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $71.9M. Capital expenditures of $10.7M left free cash flow of $140.4M.

Quarterly history

Pitney Bowes revenue by quarterPitney Bowes revenue by quarter$493MQ1 2025$462MQ2 2025$460MQ3 2025$478MQ4 2025$477MQ1 2026$451MQ2 2026$456MQ3 2026
Pitney Bowes net earnings by quarterPitney Bowes net earnings by quarter$35.4MQ1 2025$30.0MQ2 2025$52.0MQ3 2025$27.3MQ4 2025$58.1MQ1 2026$49.9MQ2 2026$52.7MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$456M-0.8%15.4%$52.7M$151M
Q2 202610-QJul 30, 2026$451M-2%14.5%$49.9M$153M
Q1 202610-QMay 6, 2026$477M-3%16.9%$58.1M$44.2M
Q4 202510-KFeb 19, 2026$478M-8%8.0%$27.3M$222M
Q3 202510-QOct 30, 2025$460M-8%14.8%$52.0M$66.8M
Q2 202510-QJul 31, 2025$462M-6%8.5%$30.0M$111M
Q1 202510-QMay 8, 2025$493M-5%9.5%$35.4M−$16.7M

Charts

Pitney Bowes: revenue growth, year over year and quarter over quarterPitney Bowes: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q1 2025-6%-6%Q2 2025-8%0%Q3 2025-8%+4%Q4 2025-3%0%Q1 2026-2%-5%Q2 2026-1%+1%Q3 2026
Latest (Q3 2026): Y/Y -1%, Q/Q +1%.
Pitney Bowes: where the cash came from (+) and went (−), TTM to Q3 2026Pitney Bowes: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$570MOther financing−$491MBuybacks−$332MNet borrowing (+) / repaid (−)$300MCapital spending−$65.3MDividends−$54.8MCash drawn (+) / kept (−)$52.5MOther investing$22.1MExchange rates−$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Pitney Bowes: profit against cash, quarter by quarterPitney Bowes: profit against cash, quarter by quarterNet incomeOperating cash flow−$37.4M$134MQ4 2024$35.4M−$16.7MQ1 2025$30.0M$111MQ2 2025$52.0M$66.8MQ3 2025$27.3M$222MQ4 2025$58.1M$44.2MQ1 2026$49.9M$153MQ2 2026$52.7M$151MQ3 2026
Latest (Q3 2026): Net income $52.7M, Operating cash flow $151M.
Pitney Bowes: diluted shares by fiscal yearPitney Bowes: diluted shares by fiscal year172MFY2020179MFY2021177MFY2022176MFY2023183MFY2024173MFY2025
+0.9% since FY2020: more shares outstanding (issuance, stock pay).
Pitney Bowes: long-term debt falling due (FY2025)Pitney Bowes: long-term debt falling due (FY2025)$17.1M2026$368M2027$134M2028$332M2029$236M2030$939MLater
Cash $285M, short-term investments $12.2M, long-term debt $2.0B at 2025-12-31.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Pitney Bowes

Pitney Bowes Inc. ("we, us, our, or the company") is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world - including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. SendTech Solutions provides clients with physical and digital shipping and mailing technology solutions and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats, as well as supplies and maintenance services for these offerings. We offer financing alternatives that enable clients to finance equipment.

In its own words, from its 10-K, filed Feb 19, 2026.

Source: Pitney Bowes 10-Q on SEC EDGAR · CIK 78814 · Office Machines, NEC

13F: who owns PBI and who is buying

Largest holders of PBI (13F)Largest holders of PBI (13F)BlackRock$220MVanguard Group$172MVanguard Portfolio Management LLC$135MState Street$108MVanguard Capital Management LLC$95.2MD. E. Shaw$66.8MGeode Capital Management, LLC$61.7MPermit Capital, LLC$61.3MGoldman Sachs Group$52.4MTwo Sigma Investments, LP$50.4M
Funds' net buying of PBI by quarter (13F)Funds' net buying of PBI by quarter (13F)−$1.9M2024-09−$6.3M2024-12$835K2025-03$26.1M2025-06$41.5M2025-09−$96.3M2025-12−$78.8M2026-03$24.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PBI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

中文版:Pitney Bowes(PBI)财报

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