PITNEY BOWES INC /DE/ (PBI) Form 10-Q — Jul 30, 2026
Pitney Bowes reported fiscal second quarter 2026 revenue of $451.5 million, a 2% decrease from the prior year, attributed to a secular decline in mail volumes. Despite the revenue drop, net income surged 66% to $49.9 million, driven by a 25% reduction in selling, general and administrative expenses and favorable product mix. The company improved its liquidity position during the quarter by refinancing debt, extending the maturity of its revolving credit facility to March 2031, and repaying notes due in 2027. Management also highlighted that adjusted segment EBIT increased 21% to $123 million, bolstered by a $5 million tariff refund and lower operating costs.
Key figures
- Eps
- 0.36
- Revenue
- 451498000
- Guidance
- Low to mid-single digit decline in revenue for full year 2026; Adjusted EBIT expected to range from low-single digit decline to low-single digit growth.
- Net Income
- 49908000
- Total Debt
- 2033894000
- Cash Position
- 266833000
- Eps Six Months
- 0.75
- Revenue Six Months
- 928911000
- Net Income Six Months
- 108046000
- Dividends Paid Six Months
- 26891000
- Shares Repurchased Period
- 4492347
- Sga Expense Reduction Percent
- 25
Price after filing
Close on the filing date to close N calendar days later (from $17.83). Historical, not a forecast.
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