Pitney Bowes (PBI) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Pitney Bowes published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Pitney Bowes reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adj. EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Since January 1, 2026, Pitney Bowes's adjusted measures exclude pension expense for the U.S. and Canada pension plans it has taken steps to terminate ($7.1 million in Q3 2026).
• Pitney Bowes published preliminary first-quarter results on April 21, 2026 and full results on May 5, 2026; the history table uses May 5.

Source: Pitney Bowes Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Pitney Bowes splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Pitney Bowes's SendTech Solutions revenue was $305 million in Q3 2026, down 2% from $311 million in Q3 2025, 67% of total revenue.
• Pitney Bowes's Presort Services revenue was $151 million in Q3 2026, up 1% from $149 million in Q3 2025, 33% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Pitney Bowes said:

“As a result of strong performance, the Company is raising the low end and effectively establishing a higher midpoint for Revenue. The Company is also raising its guidance for Adjusted Free Cash Flow and narrowing its guidance ranges for Adjusted EBIT and Adjusted EPS, maintaining their midpoints.”

Source: Pitney Bowes Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PBI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and GAAP diluted EPS, each as first reported in that quarter's release. Q4 2025 and Q3 2025 EPS are from continuing operations. Pitney Bowes reports in thousands; revenue is shown in millions.

We do not hold a confirmed date for Pitney Bowes's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Pitney Bowes reports two segments. SendTech Solutions, which sells and leases mailing and shipping equipment, supplies, services and financing, brought in $305.3 million in Q3 2026, down 2% from $310.8 million. Presort Services, which sorts mail so clients qualify for USPS workshare discounts, brought in $150.9 million, up 1% from $148.9 million. Total revenue was $456.2 million, down 1%. (Pitney Bowes Q3 2026 release, Oct 28, 2026)

By type, services were $288.0 million, products $90.3 million and financing and other $77.9 million. Of SendTech's revenue, $118.7 million came from leasing transactions and financing, which Pitney Bowes accounts for separately from its product and service sales. Presort revenue is all services. (Pitney Bowes Form 10-Q, Q3 2026, Oct 29, 2026)

Pitney Bowes said the SendTech decline came from an anticipated decrease in the mailing install base, partly offset by higher equipment sales; SendTech's operating expenses fell $13 million. Presort sorted 3.4 billion pieces of mail, up 4%, on volume from new clients, while lower revenue per piece and $6 million of higher transportation costs held back its earnings. (Pitney Bowes Q3 2026 release, Oct 28, 2026)

In his shareholder letter, CEO Kurt Wolf said Presort added more than 30 new clients, an estimated two billion pieces of annual volume, after a competitor (PCI) left the mail sortation market. He also said a non-core contract carried over from the exited Global eCommerce segment into SendTech is winding down and will weigh on 2027 revenue. (Pitney Bowes CEO letter, Q3 2026, Oct 28, 2026)

Pitney Bowes reported GAAP diluted EPS of $0.37 and Adj. EPS of $0.42 in Q3 2026. Adjusted results exclude restructuring charges ($1.5 million), pension expense of plans to be terminated ($7.1 million), transaction and strategic review costs ($4.8 million), gains on debt activities and foreign currency gains on intercompany loans. Adjusted net income was $59.6 million against GAAP net income of $52.7 million. (Pitney Bowes Q3 2026 release, Oct 28, 2026)

Buybacks cut the share count sharply. Weighted-average diluted shares were 140,728 thousand, against 170,370 thousand a year earlier. Pitney Bowes repurchased about 1.0 million shares for $17 million in the quarter at an average of $16.84, and the CEO letter puts year-to-date repurchases at 18.4 million shares. (Pitney Bowes Q3 2026 release, Oct 28, 2026; Pitney Bowes CEO letter, Q3 2026, Oct 28, 2026)

Debt fell by $148 million in the quarter, including $46 million through a tender offer for notes due 2037 and 2043 at a discount to par, and the $585 million Term Loan B was repriced 75 basis points lower. Net interest expense was $26.0 million, about level with $26.1 million a year earlier. (Pitney Bowes Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Pitney Bowes gives a full-year outlook in its release. After Q3 2026 it guided 2026 revenue of $1,830 million to $1,860 million (previously $1,800 million to $1,860 million), Adjusted EBIT of $450 million to $470 million, Adjusted EPS of $1.58 to $1.67 (previously $1.55 to $1.70) and Adjusted Free Cash Flow of $380 million to $420 million. (Pitney Bowes Q3 2026 release, Oct 28, 2026)

The release says year-to-date Adjusted Free Cash Flow benefited from prepayments by new customers who came over after a significant mail sortation competitor left the market. The CEO letter says PB Bank is expected to be reported as a separate segment in 2027. (Pitney Bowes Q3 2026 release, Oct 28, 2026; Pitney Bowes CEO letter, Q3 2026, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Pitney Bowes, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Pitney Bowes's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PBI is on is PBI a buy or a sell?, what analysts expect next is on the PBI forecast, and what the company does is on the Pitney Bowes (PBI) stock page.

Every number on this page can be traced to a document Pitney Bowes published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.