Pitney Bowes Announces Strong Financial Results for Third Quarter 2026 and Issues CEO Letter
Pitney Bowes posted Q3 2026 revenue of $456 million (down 1% YoY) with adjusted EPS up 35% to $0.42 and GAAP diluted EPS of $0.37. Adjusted free cash flow more than doubled to $147 million from $60 million a year ago, and the company raised its full-year revenue and FCF guidance midpoints while narrowing EBIT and EPS ranges. Capital allocation was active: $148 million of debt reduced in the quarter, the $585 million Term Loan B repriced 75 bps lower, $28 million of buybacks YTD-plus-Q4, and the $0.10 quarterly dividend declared for December 8 payment.
Key figures
- Eps
- 0.37
- Revenue
- 456182000
- Guidance
- 2026 revenue $1,830M-$1,860M (raised low end from $1,800M); Adjusted EBIT $450M-$470M; Adjusted EPS $1.58-$1.67; Adjusted FCF $380M-$420M (raised from $360M-$410M)
- Revenue Yoy
- -1%
- Adj eps
- 0.42
- Adj fcf
- 147124000
- Adj ebit
- 113916000
- Q3 buyback
- $17M / ~1.0 million shares at avg $16.84
- Adj eps yoy
- 35%
- Adj fcf yoy
- 144%
- Debt reduced q3
- 148000000
- Gaap net income
- 52666000
- Q4 buyback to date
- $11M / 0.6 million shares
- Quarterly dividend
- $0.10 per share
- Term loan repriced
- $585M Term Loan B due 2032, margin cut 75 bps
AI analysis
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