Slide 1: Pitney Bowes First Quarter Earnings
Pitney Bowes First Quarter Earnings May 5, 2026
Slide 2: Forward-Looking Statements and Financial Presentation
Forward-Looking Statements and Financial Presentation 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 e
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures Adjusted Segment EBIT Adjusted Segment EBIT is the primary measure of profitability and operational performance at the segment level. Adjusted Segment EBIT includes segment revenues and related costs and expenses attributable to the segment, but excludes interest, taxes, gen
Slide 4: Business Overview and Financial Results
Business Overview and Financial Results 4
Slide 5: First Quarter – Overview
First Quarter – Overview ▪ Revenue was $477 million, down 3% year-over-year ▪ GAAP EPS was $0.39, an improvement of $0.20 year over year ▪ Adjusted EPS was $0.47, an improvement of $0.14 year over year ▪ GAAP net income of $58 million, an improvement of $23 million year over year ▪ Adjusted EBIT was
Slide 6: First Quarter – Results vs. Prior Year
First Quarter – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (3%) Growth Y/Y Margin Revenue Revenue Margin Q1 2026: 56.4% Q1 2026: 27.9% Q1 2026: 0.8% Q1 2026: 27.3% Q1 2025: 57.3% Q1 2025: 33.6% Q1 2025: 1.0% Q1 2025: 24.3% $477 $493 $269 $283 $156 $132 $130 $120 $4 $
Slide 7: First Quarter – SendTech Solutions
First Quarter – 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 8: First Quarter – Presort Services
First Quarter – 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. ($ millions) Q1 2026 Q1 2025 % Change Reported Revenue $163 $178 (8%) Adjusted
Slide 9: Guidance and Outlook
Guidance and Outlook 9
Slide 10: Full Year 2026 Guidance
Full Year 2026 Guidance Updated Guidance Pitney Bowes provides the following updated guidance for Revenue, Adjusted EBIT, Adjusted EPS and Free Cash Flow in 2026. $ millions, except EPS Low High Revenue $1,800 $1,860 Adjusted EBIT $425 $465 Adjusted EPS $1.50 $1.65 Free Cash Flow $345 $380 10
Slide 11: Appendix
Appendix 11
Slide 12: First Quarter 2026 – Debt Profile
First Quarter 2026 – Debt Profile Total debt consisted of the following: ($000s) Interest Rate 3/31/2026 12/31/2025 Notes due March 2027 6.875% 346,700 346,700 Term loan due March 2028 SOFR + 1.85% 152,000 154,000 Notes due March 2029 7.25% 476,000 326,000 Convertible Note due August 2030 1.50% 230,
Slide 13: Appendix: Financial Information – Statements of Operations
Appendix: Financial Information Consolidated Statements of Operations (Unaudited; in thousands, except per share amounts) Three Months Ended March 31, 2026 2025 Revenue: Services $306,570 $318,432 Products 88,650 93,190 Financing and other 82,193 81,798 Total revenue 477,413 493,420 Costs and expens
Slide 14: Appendix: Financial Information – Balance Sheets
Appendix: Financial Information Consolidated Balance Sheets (Unaudited; in thousands) March 31, December 31, Assets 2026 2025 Current assets: Cash and cash equivalents $302,876 $284,887 Short-term investments 11,142 12,232 Accounts and other receivables, net 158,587 168,099 Short-term finance receiv
Slide 15: Appendix: Business Segment Revenue
Appendix: Financial Information Business Segment Revenue (Unaudited; in thousands) Three Months Ended March 31, 2026 2025 % Change Sending Technology Solutions $313,947 $315,606 (1%) Presort Services 163,466 177,814 (8%) Total revenue $477,413 $493,420 (3%) 15
Slide 16: Appendix: Adjusted Segment EBIT & EBITDA
Appendix: Financial Information Pitney Bowes Inc. Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Three Months Ended March 31, 2026 2025 % change Adjusted Adjusted Adjusted Adjusted Segment Adjusted Segment Adjusted Segment Segment EBIT D&A EBITDA Segment EBIT D&A EBITDA Segment EBIT EBITDA
Slide 17: Reconciliation of Reported Consolidated Results to Adjusted Results
Appendix: Financial Information Reconciliation of Reported Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) Three Months Ended March 31, 2026 2025 Reconciliation of net income to adjusted net income, adjusted EBIT and adjusted EBITDA Net income - GAAP $58,
Slide 18: Thank You
Thank You 18