Filing Flows › Pitney Bowes (PBI) › Q2 2026 › vs Q2 2025
Pitney Bowes (PBI) Q2 2026 vs Q2 2025 (year over year)
Pitney Bowes's revenue fell $10.4M (-2%) from $462M in Q2 2025 to $451M in Q2 2026. The biggest changes: Services −$5.9M (-2%); Products −$3.4M (-4%); Financing and other −$1.1M (-1%). Operating margin 14.5% against 8.5% (+6.0 pts).
Pitney Bowes, Q2 2026: revenue $451M (-2% year over year), operating margin 14.5%, net earnings $49.9M, operating cash flow $153M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.5% | 8.5% | +6.0 pts |
| Net margin | 11.1% | 6.5% | +4.6 pts |
| Free cash flow margin | 29.8% | 21.2% | +8.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services | $285M | $290M | −$5.9M | -2% |
| Products | $87.5M | $90.9M | −$3.4M | -4% |
| Financing and other | $79.5M | $80.6M | −$1.1M | -1% |
| Revenue | $451M | $462M | −$10.4M | -2% |
| Operating profit | $65.5M | $39.3M | $26.2M | +67% |
| Costs & expenses | $386M | $423M | −$36.6M | -9% |
| Pre-tax earnings | $65.5M | $39.3M | $26.2M | +67% |
| Research & development | $3.4M | $3.6M | −$218K | -6% |
| SG&A | $129M | $171M | −$41.8M | -25% |
| Other operating costs | $254M | $248M | $5.4M | +2% |
| Net earnings | $49.9M | $30.0M | $19.9M | +66% |
| Income tax | $15.6M | $9.3M | $6.3M | +68% |
| Depreciation & amortization | $23.7M | $28.8M | −$5.1M | -18% |
| Share-based compensation | $9.8M | $9.6M | $190K | +2% |
| Working capital & other | $69.5M | $43.0M | $26.5M | +62% |
| Operating cash flow | $153M | $111M | $41.5M | +37% |
| Free cash flow (OCF − capex) | $134M | $98.0M | $36.4M | +37% |
| Capital expenditures | $18.5M | $13.3M | $5.1M | +39% |
Questions
How much did Pitney Bowes's revenue grow year over year in Q2 2026?
Pitney Bowes's revenue fell $10.4M (-2%) from $462M in Q2 2025 to $451M in Q2 2026.
What drove Pitney Bowes's revenue change in Q2 2026?
Services −$5.9M (-2%); Products −$3.4M (-4%); Financing and other −$1.1M (-1%).