Slide 1: Pitney Bowes Second Quarter Earnings
Pitney Bowes Second Quarter Earnings July 29, 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: Second Quarter – Overview
Second Quarter – Overview ▪ Revenue was $451 million, down 2% year-over-year ▪ GAAP EPS was $0.36, an improvement of $0.19 year over year ▪ Adjusted EPS was $0.43, an improvement of $0.16 year over year ▪ GAAP net income of $50 million, an improvement of $20 million year over year ▪ Adjusted EBIT wa
Slide 6: Second Quarter – Results vs. Prior Year
Second Quarter – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (2%) Growth Y/Y Margin Revenue Revenue Margin Q2 2026: 55.7% Q2 2026: 28.4% Q2 2026: 0.7% Q2 2026: 25.7% Q2 2025: 56.3% Q2 2025: 37.0% Q2 2025: 0.8% Q2 2025: 22.1% $451 $462 $251 $260 $171 $129 $116 $102 $3
Slide 7: Second Quarter – SendTech Solutions
Second Quarter – SendTech Solutions SendTech Solutions offers physical and digital shipping and mailing technology solutions, financing, services, supplies and other applications for small and medium businesses, retail, enterprise, and government clients around the world to help simplify and save on
Slide 8: Second Quarter – Presort Services
Second Quarter – Presort Services Presort Services provides sortation services that enable clients to qualify for USPS workshare discounts in First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter. ($ millions) Q2 2026 Q2 2025 % Change Reported Revenue $143 $150 (5%) Adjuste
Slide 9: Guidance and Outlook
Guidance and Outlook 9
Slide 10: Full Year 2026 Guidance
Full Year 2026 Guidance Updated Guidance Pitney Bowes raised its guidance for Adjusted EBIT, Adjusted EPS, and Adjusted Free Cash Flow and reaffirmed its guidance for Revenue. Updated guidance for Revenue, Adjusted EBIT, Adjusted EPS and Adjusted Free Cash Flow in 2026 is as follows Previous Guidanc
Slide 11: Appendix
Appendix 11
Slide 12: Second Quarter 2026 – Debt Profile
Second Quarter 2026 – Debt Profile Total debt consisted of the following: ($000s) Interest Rate 6/30/2026 3/31/2026 Notes due March 2027 6.875% - 346,700 Notes due March 2029 7.25% 476,000 476,000 Convertible Note due August 2030 1.50% 230,000 230,000 Term loan due March 2031 SOFR + 2.10% 298,225 15
Slide 13: Appendix: Financial Information
Appendix: Financial Information Pitney Bowes Inc. Consolidated Statements of Operations (Unaudited; in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue: Services $284,517 $290,423 $591,087 $608,855 Products 87,523 90,880 176,173 1
Slide 14: Appendix: Financial Information
Appendix: Financial Information Pitney Bowes Inc. Consolidated Balance Sheets (Unaudited; in thousands) Assets June 30, 2026 December 31, 2025 Current assets: Cash and cash equivalents $266,833 $284,887 Short-term investments 11,920 12,232 Accounts and other receivables, net 147,898 168,099 Short-te
Slide 15: Appendix: Financial Information
Appendix: Financial Information Pitney Bowes Inc. Business Segment Revenue (Unaudited; in thousands) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Sending Technology Solutions $308,930 $311,716 (1%) $622,877 $627,322 (1%) Presort Services 142,568 150,193
Slide 16: Appendix: Financial Information
Appendix: Financial Information Pitney Bowes Inc. Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Three Months Ended June 30, 2026 2025 % change Adjusted Adjusted Adjusted Adjusted Adjusted Segment EBIT Segment Segment EBIT Segment Adjusted Segment (1) D&A EBITDA (1) D&A EBITDA Segment EBIT
Slide 17: Appendix: Financial Information
Appendix: Financial Information Pitney Bowes Inc. Reconciliation of Reported Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) Three Months Ended June 30, 2026 2025 Reconciliation of net income to adjusted net income, adjusted EBIT and adjusted EBITDA Net i
Slide 18: Thank You
Thank You 18