Filing Flows › Pitney Bowes (PBI) › Q1 2025
Pitney Bowes (PBI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Pitney Bowes (PBI) reported revenue of $493M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before. Operating margin was 9.5%, net earnings $35.4M (7.2% of revenue).
Pitney Bowes, Q1 2025: revenue $493M (-5% year over year), operating margin 9.5%, net earnings $35.4M, operating cash flow −$16.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $493M | -4% | -5% |
| Operating profit | $46.7M | — | -2% |
| Net earnings | $35.4M | — | — |
| Operating cash flow | −$16.7M | — | — |
What changed
Revenue was $493.4M in Q1 2025, down 5% year over year and down 4% from the previous quarter. Services was the largest line at 65% of revenue. Products lost $20.9M year over year (down 18%), 75% of the total change.
Operating profit was $46.7M, a 9.5% margin (up 0.3 points year over year). Total costs fell 6% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+799%). Net earnings were $35.4M. The effective tax rate was 24.2%.
Operating cash flow was −$16.7M. Non-cash charges added back $28.3M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $83.1M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$33.6M.
Questions
What was Pitney Bowes' revenue in the first quarter 2025?
Pitney Bowes (PBI) reported revenue of $493M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before.
Was Pitney Bowes profitable in the first quarter 2025?
Operating profit was $46.7M (9.5% of revenue) and net earnings $35.4M.
Source: Pitney Bowes 10-Q on SEC EDGAR.