Slide 1: Pitney Bowes Fourth Quarter Earnings
Pitney Bowes Fourth Quarter Earnings February 17, 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: Fourth Quarter – Overview
Fourth Quarter – Overview ▪ Revenue was $478 million, down 7% year-over-year ▪ GAAP EPS was $0.17, an improvement of $0.38 year over year ▪ Adjusted EPS was $0.45, an improvement of $0.13 year over year ▪ GAAP net income of $27 million, an improvement of $65 million year over year ▪ Adjusted EBIT wa
Slide 6: Fourth Quarter – Results vs. Prior Year
Fourth Quarter – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (7%) Growth Y/Y Margin Revenue Revenue Margin Q4 2025: 57.2% Q4 2025: 28.4% Q4 2025: 0.7% Q4 2025: 27.6% Q4 2024: 56.7% Q4 2024: 32.8% Q4 2024: 1.8% Q4 2024: 22.2% $516 $478 $273 $293 $169 $136 $132 $114 $4
Slide 7: Full Year – Results vs. Prior Year
Full Year – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (7%) Growth Y/Y Margin Revenue Revenue Margin FY 2025: 56.6% FY 2025: 31.0% FY 2025: 0.8% FY 2025: 24.4% FY 2024: 55.6% FY 2024: 35.1% FY 2024: 1.6% FY 2024: 19.0% $2,027 $1,893 $1,072 $1,126 $711 $587 $461 $385
Slide 8: Fourth Quarter – SendTech Solutions
Fourth Quarter – SendTech Solutions SendTech Solutions offers physical and digital shipping and mailing technology solutions, financing, services, supplies and other applications for small and medium businesses, retail, enterprise, and government clients around the world to help simplify and save on
Slide 9: Fourth Quarter – Presort Services
Fourth Quarter – Presort Services Presort Services provides sortation services that enable clients to qualify for USPS workshare discounts in First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter. ($ millions) Q4 2025 Q4 2024 % Change Reported Revenue $160 $180 (11%) Adjust
Slide 10: Guidance and Outlook
Guidance and Outlook 10
Slide 11: Full Year 2026 Guidance
Full Year 2026 Guidance Guidance Pitney Bowes provides the following guidance for Revenue, Adjusted EBIT, Adjusted EPS and Free Cash Flow in 2026. $ millions, except EPS Low High Revenue $1,760 $1,860 Adjusted EBIT $410 $460 Adjusted EPS $1.40 $1.60 Free Cash Flow $340 $370 11
Slide 12: Appendix
Appendix 12
Slide 13: Fourth Quarter 2025 – Debt Profile
Fourth Quarter 2025 – Debt Profile Total debt consisted of the following: ($000s) Interest Rate 12/31/2025 12/31/2024 Term loan due March 2026 SOFR + 2.25% - 235,000 Notes due March 2027 6.875% 346,700 380,000 Notes due March 2028 SOFR + 6.9% - 96,563 Term loan due March 2028 SOFR + 4.0% - 433,125 T
Slide 14: Appendix: Financial Information
Appendix: Financial Information Consolidated Statements of Operations (Unaudited; in thousands, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Revenue: Services $ 307,700 $ 327,922 $ 1,206,031 $ 1,260,612 Products 90,927 106,613 364,709 430,845
Slide 15: Appendix: Financial Information
Appendix: Financial Information Consolidated Balance Sheets (Unaudited; in thousands) Assets December 31, 2025 December 31, 2024 Current assets: Cash and cash equivalents 284,887 469,726 Short-term investments 12,232 16,374 Accounts and other receivables, net 168,099 159,951 Short-term finance recei
Slide 16: Appendix: Financial Information
Appendix: Financial Information Business Segment Revenue (Unaudited; in thousands) Three Months Ended December 31, Year Ended December 31, 2025 2024 % Change 2025 2024 % Change Sending Technology Solutions $317,897 $336,562 (6%) $1,256,001 $1,354,032 (7%) Presort Services 159,728 179,555 (11%) 636,6
Slide 17: Appendix: Financial Information
Appendix: Financial Information Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Three Months Ended December 31, 2025 2024 % change Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment EBIT (1) D&A EBITDA EBIT (1) D&A EBITDA EBIT EBITDA Sendin
Slide 18: Appendix: Financial Information
Appendix: Financial Information Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Year Ended December 31, 2025 2024 % change Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment Adjusted Segment EBIT (1) D&A EBITDA EBIT (1) D&A EBITDA EBIT EBITDA Sending Techno
Slide 19: Appendix: Financial Information
Appendix: Financial Information Reconciliation of Reported Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Reconciliation of reported net income (loss) to adjusted net income, adj
Slide 20: Thank You
Thank You 20