Pitney Bowes Inc. (PBI) reported adjusted earnings per share (EPS) of 43 cents on revenues of $451.5 million for the second quarter of 2026, surpassing analysts’ expectations of 34 cents EPS on $436.8 million in revenue. Although revenue declined 2.25% year over year, CEO Kurt Wolf noted that strong execution and operational improvements enabled the company to raise its full-year guidance for adjusted EBIT to $445 million to $475 million and adjusted free cash flow to $360 million to $410 million.
The company reduced its debt by over $200 million and extended the nearest debt maturity to March 2029. CFO Paul Evans stated that Pitney Bowes repurchased 4.5 million shares for $53 million during the quarter. The SendTech Solutions segment generated revenues of $308.9 million, down 1% year over year, while adjusted segment EBIT improved to $122.7 million from $101.3 million.
Pitney Bowes is also focused on banking initiatives, with three pilot lending programs designed to leverage existing customer relationships. Analysts questioned the feasibility of these initiatives given ongoing operational challenges, but Wolf assured stakeholders that execution remained the priority, enabling the company to maintain a disciplined growth strategy.
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