Pitney Bowes Inc. · NYSE:PBI
Pitney Bowes — Q3 2026 Earnings Presentation
16 slides from Pitney Bowes's earnings presentation, October 2026
Slide 1: Earnings Presentation Third Quarter 2026
Earnings Presentation Third Quarter 2026 NYSE: PBI
Slide 2: Forward-Looking Statements
DISCLOSURES Forward-Looking Statements This document contains “forward-looking statements” about the Company’s expected or potential future business and financial performance, including, but not limited to, statements about future revenue and profitability, earnings guidance, future events or condit
Slide 3: Use of Non-GAAP Measures
DISCLOSURES Use of Non-GAAP Measures Use of Non-GAAP Measures Adjusted Free Cash Flow Pitney Bowes’ financial results are reported in accordance with generally accepted accounting principles Effective Q2 2026, the Company has renamed “Free Cash Flow” to “Adjusted Free Cash Flow”. This is a (GAAP). P
Slide 4: Third Quarter 2026 Financial Highlights
CONSOLIDATED RESULTS Third Quarter 2026 Financial Highlights ($ in millions, except per share amounts) Revenue GAAP EPS GAAP Net Income Cash from Operations ▼ 1% ($3MM) vs. Q3 2025 ▲ 23% +$0.07 vs. Q3 2025 ▲ 1% +$1MM vs. Q3 2025 ▲ 126% +$84MM vs. Q3 2025 $460 $456 $0.37 $52 $53 $0.30 $151 $67 Q3 202
Slide 5: SendTech Solutions
SEGMENT RESULTS SendTech Solutions SendTech Solutions offers physical and digital shipping and mailing technology solutions, financing, services, supplies and other applications for small and medium businesses, retail, enterprise, and government clients around the world to help simplify and save on
Slide 6: Presort Services
SEGMENT RESULTS Presort Services Presort Services provides sortation services that enable clients to qualify for USPS workshare discounts in First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter. Third quarter 2026 vs. third quarter 2025 ($ in millions) Revenue Adj. Segment
Slide 7: Third Quarter 2026 Capital Allocation
CAPIT AL ALLOCATION Third Quarter 2026 Capital Allocation Debt Share Repurchases Dividends $1,918MM $17MM $0.10 Principal outstanding at September 30, 2026 Repurchased in the quarter Quarterly dividend per share declared • Change in the quarter: ($148MM) • ~1.0MM shares at an average price of $16.84
Slide 8: Full-Year 2026 Guidance
OUTLOOK Full-Year 2026 Guidance Q3 2026 update: Raised Adjusted Free Cash Flow guidance, raised the low end of Revenue guidance, and narrowed Adjusted EBIT and Adjusted EPS ranges. Previous Guidance Updated Guidance $ millions, except EPS Low High Low High Revenue $1,800 $1,860 $1,830 $1,860 Adjuste
Slide 9: Appendix
Appendix Pitney Bowes | Third Quarter 2026 Earnings 9
Slide 10: Debt Profile
APPENDIX — CAPIT AL STRUCTURE Debt Profile Total debt consisted of the following (in thousands): Interest rate September 30, 2026 December 31, 2025 Notes due March 2027 6.875% — $346,700 Notes due March 2029 7.25% 476,000 326,000 Convertible Notes due August 2030 1.50% 230,000 230,000 Revolving cred
Slide 11: Consolidated Statements of Operations
APPENDIX — FINANCI AL INFORMATION Consolidated Statements of Operations (Unaudited; in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Revenue Services $288,033 $289,476 $879,120 $898,331 Products 90,257 89,712 266,430 273,782
Slide 12: Consolidated Balance Sheets
APPENDIX — FINANCI AL INFORMATION Consolidated Balance Sheets (Unaudited; in thousands) Assets September 30, 2026 December 31, 2025 Liabilities and stockholders’ deficit September 30, 2026 December 31, 2025 Current assets Current liabilities Cash and cash equivalents $268,514 $284,887 Accounts payab
Slide 13: Consolidated Statements of Cash Flows
APPENDIX — FINANCI AL INFORMATION Consolidated Statements of Cash Flows (Unaudited; in thousands) — Nine Months Ended September 30, 2026 2025 2026 2025 Cash flows from operating activities Cash flows from investing activities Net income $160,712 $117,360 Capital expenditures (45,041) (46,027) Adjust
Slide 14: Business Segment Revenue and Adjusted Segment EBIT & EBITDA
APPENDIX — FINANCI AL INFORMATION Business Segment Revenue and Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Adjusted Segment EBIT & EBITDA — Three Months Ended September 30, 2026 2025 % Change Adj. Seg. EBIT¹ D&A Adj. Seg. EBITDA Adj. Seg. EBIT¹ D&A Adj. Seg. EBITDA Adj. Seg. EBIT Adj. S
Slide 15: Reconciliation of Reported Consolidated Results to Adjusted Results
APPENDIX — FINANCI AL INFORMATION Reconciliation of Reported Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) — Three Months Ended September 30, Net income to Adjusted EBIT / Adjusted EBITDA Diluted EPS to Adjusted diluted EPS 2026 2025 2026 2025 Net incom
Slide 16: Thank You
Thank You Investor Relations investorrelations.pitneybowes.com [email protected] Earnings materials are available on the Investor Relations website Pitney Bowes | Third Quarter 2026 Earnings 16