Filing Flows › Pitney Bowes (PBI) › Q3 2025
Pitney Bowes (PBI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Pitney Bowes (PBI) reported revenue of $460M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -0.5% from the quarter before. Operating margin was 14.8%, net earnings $52.0M (11.3% of revenue).
Pitney Bowes, Q3 2025: revenue $460M (-8% year over year), operating margin 14.8%, net earnings $52.0M, operating cash flow $66.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | -0.5% | -8% |
| Operating profit | $68.1M | +74% | — |
| Net earnings | $52.0M | +73% | — |
| Operating cash flow | $66.8M | -40% | +353% |
| Free cash flow | $51.1M | -48% | — |
What changed
Revenue was $459.7M in Q3 2025, down 8% year over year and roughly flat from the previous quarter. Services was the largest line at 63% of revenue. Services lost $23.3M year over year (down 7%), 58% of the total change.
Operating profit was $68.1M, a 14.8% margin (up 23.6 points year over year). Total costs fell 28% while revenue fell 8%. The fastest-growing cost line was Other operating costs (+126%). Net earnings were $52.0M. The effective tax rate was 23.7%.
Operating cash flow was $66.8M (up 353% year over year), 129% of net earnings. Non-cash charges added back $27.4M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $15.3M. Capital expenditures of $15.8M left free cash flow of $51.1M.
Questions
What was Pitney Bowes' revenue in the third quarter 2025?
Pitney Bowes (PBI) reported revenue of $460M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -0.5% from the quarter before.
Was Pitney Bowes profitable in the third quarter 2025?
Operating profit was $68.1M (14.8% of revenue) and net earnings $52.0M.
Source: Pitney Bowes 10-Q on SEC EDGAR.