Filing Flows › Pitney Bowes (PBI) › Q1 2026
Pitney Bowes (PBI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Pitney Bowes (PBI) reported revenue of $477M for the first quarter 2026 (Q1 2026), -3% from a year earlier and 0% from the quarter before. Operating margin was 16.9%, net earnings $58.1M (12.2% of revenue).
Pitney Bowes, Q1 2026: revenue $477M (-3% year over year), operating margin 16.9%, net earnings $58.1M, operating cash flow $44.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | 0% | -3% |
| Operating profit | $80.5M | +110% | +72% |
| Net earnings | $58.1M | +113% | +64% |
| Operating cash flow | $44.2M | -80% | — |
| Free cash flow | $28.3M | -86% | — |
What changed
Revenue was $477.4M in Q1 2026, down 3% year over year and roughly flat from the previous quarter. Services was the largest line at 64% of revenue. Services lost $11.9M year over year (down 4%), 74% of the total change.
Operating profit was $80.5M, a 16.9% margin (up 7.4 points year over year). Total costs fell 11% while revenue fell 3%. Net earnings were $58.1M, up 64% year over year. The effective tax rate was 27.8%.
Operating cash flow was $44.2M, 76% of net earnings. Non-cash charges added back $25.6M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $42.9M. Capital expenditures of $15.8M left free cash flow of $28.3M.
Questions
What was Pitney Bowes' revenue in the first quarter 2026?
Pitney Bowes (PBI) reported revenue of $477M for the first quarter 2026 (Q1 2026), -3% from a year earlier and 0% from the quarter before.
Was Pitney Bowes profitable in the first quarter 2026?
Operating profit was $80.5M (16.9% of revenue) and net earnings $58.1M.
Source: Pitney Bowes 10-Q on SEC EDGAR.