Filing Flows › Pitney Bowes (PBI) › Q2 2025
Pitney Bowes (PBI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Pitney Bowes (PBI) reported revenue of $462M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -6% from the quarter before. Operating margin was 8.5%, net earnings $30.0M (6.5% of revenue).
Pitney Bowes, Q2 2025: revenue $462M (-6% year over year), operating margin 8.5%, net earnings $30.0M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $462M | -6% | -6% |
| Operating profit | $39.3M | -16% | — |
| Net earnings | $30.0M | -15% | — |
| Operating cash flow | $111M | — | +20% |
| Free cash flow | $98.0M | — | +29% |
What changed
Revenue was $461.9M in Q2 2025, down 6% year over year and down 6% from the previous quarter. Services was the largest line at 63% of revenue. Products lost $17.4M year over year (down 16%), 62% of the total change.
Operating profit was $39.3M, a 8.5% margin (up 10.1 points year over year). Total costs fell 15% while revenue fell 6%. The fastest-growing cost line was Other operating costs (+326%). Net earnings were $30.0M. The effective tax rate was 23.7%.
Operating cash flow was $111.4M (up 20% year over year), 372% of net earnings. Non-cash charges added back $28.8M of depreciation and amortization and $9.6M of share-based compensation. Working capital and other items added $43.0M. Capital expenditures of $13.3M left free cash flow of $98.0M.
Questions
What was Pitney Bowes' revenue in the second quarter 2025?
Pitney Bowes (PBI) reported revenue of $462M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -6% from the quarter before.
Was Pitney Bowes profitable in the second quarter 2025?
Operating profit was $39.3M (8.5% of revenue) and net earnings $30.0M.
Source: Pitney Bowes 10-Q on SEC EDGAR.