Filing Flows › Pitney Bowes (PBI) › Q3 2026 › vs Q3 2025
Pitney Bowes (PBI) Q3 2026 vs Q3 2025 (year over year)
Pitney Bowes's revenue fell $3.5M (-0.8%) from $460M in Q3 2025 to $456M in Q3 2026. The biggest changes: Financing and other −$2.6M (-3%); Services −$1.4M (-0.5%); Products +$545K (+0.6%). Operating margin 15.4% against 14.8% (+0.5 pts).
Pitney Bowes, Q3 2026: revenue $456M (-0.8% year over year), operating margin 15.4%, net earnings $52.7M, operating cash flow $151M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 14.8% | +0.5 pts |
| Net margin | 11.5% | 11.3% | +0.2 pts |
| Free cash flow margin | 30.8% | 11.1% | +19.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Services | $288M | $289M | −$1.4M | -0.5% |
| Products | $90.3M | $89.7M | $545K | +0.6% |
| Financing and other | $77.9M | $80.5M | −$2.6M | -3% |
| Revenue | $456M | $460M | −$3.5M | -0.8% |
| Operating profit | $70.1M | $68.1M | $1.9M | +3% |
| Costs & expenses | $386M | $392M | −$5.4M | -1% |
| Pre-tax earnings | $70.1M | $68.1M | $1.9M | +3% |
| Research & development | $3.4M | $3.4M | −$26K | -0.8% |
| SG&A | $139M | $144M | −$5.0M | -3% |
| Other operating costs | $244M | $244M | −$462K | -0.2% |
| Net earnings | $52.7M | $52.0M | $703K | +1% |
| Income tax | $17.4M | $16.2M | $1.2M | +8% |
| Depreciation & amortization | $22.7M | $27.4M | −$4.7M | -17% |
| Share-based compensation | $3.9M | $2.8M | $1.1M | +41% |
| Working capital & other | $71.9M | −$15.3M | $87.1M | — |
| Operating cash flow | $151M | $66.8M | $84.3M | +126% |
| Free cash flow (OCF − capex) | $140M | $51.1M | $89.4M | +175% |
| Capital expenditures | $10.7M | $15.8M | −$5.1M | -32% |
Questions
How much did Pitney Bowes's revenue grow year over year in Q3 2026?
Pitney Bowes's revenue fell $3.5M (-0.8%) from $460M in Q3 2025 to $456M in Q3 2026.
What drove Pitney Bowes's revenue change in Q3 2026?
Financing and other −$2.6M (-3%); Services −$1.4M (-0.5%); Products +$545K (+0.6%).