AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue declined 2% YoY to $451.5M, but net income surged 66% to $49.9M, driven by lower SG&A expenses and improved SendTech Solutions profitability despite Presort Services margin compression.
Biggest Revenue Drivers
SendTech Solutions$308.9M-1% YoY
Services grew 1% on cross-border volume, products fell 4% on international decline and meter population erosion; financing declined 1%.
Presort Services$142.6M-5% YoY
Mail volumes declined 3% driven by secular market decline, client losses from H1 2025, and pricing actions.
Biggest Revenue Drivers
Total revenue: $451.5M-2% YoY
SendTech Solutions$308.9M-1% YoY
Services grew 1% on cross-border volume, products fell 4% on international decline and meter population erosion; financing declined 1%.
Presort Services$142.6M-5% YoY
Mail volumes declined 3% driven by secular market decline, client losses from H1 2025, and pricing actions.
Largest Expense Items
Selling, general and administrative$128.7M-25% YoY
SendTech gross margin improved 3.1 ppts on favorable product mix and $5M tariff refund; Presort margin compressed by $7M transportation/fuel costs and $3M benefits.
Interest expense, net$28.6M+15% YoY
Flat total interest expense; allocated finance interest declined on lower finance receivables.
Restructuring charges$3.3M-76% YoY
2025 Plan completed end of Q2 2026 with cumulative $45M charges eliminating ~550 positions.
Margins: SendTech Solutions gross margin expanded to 69.2% from 66.1%, benefiting from favorable product mix and a $5M tariff refund, while Presort Services gross margin compressed sharply to 26.3% from 36.0% due to lower volumes and increased transportation/fuel costs of $7M. Consolidated operating profitability improved despite revenue headwinds.
Watch Items from the Filing
Presort Services adjusted segment EBIT declined 44% YoY to $20M; mail volumes down 3% amid secular decline and client losses, with gross margin compressed 9.7 ppts by transportation cost inflation.
Transportation market volatility from spot rates, driver shortages, and Strait of Hormuz shipping disruptions expected to adversely impact H2 2026 results.
Three separate Trilogy litigation disputes seeking $95M in lease payments related to Equipment Supplements with GEC vendor; Texas bankruptcy case dismissed, arguments now raised in Illinois action.
SendTech Solutions adjusted segment EBIT grew 21% YoY to $122.7M; strong cash generation of $197M from operations in H1 2026 (+$102M YoY) supports debt reduction and $330M remaining revolver capacity.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About PITNEY BOWES INC /DE/ (PBI): stock profile, AI score and financials
PITNEY BOWES INC /DE/ (PBI) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores PBI at 59.4/100 on a composite quality score built from its SEC filings, placing it at rank #931 of 2,925 stocks — the top half of the AI-ranked universe. PBI scores in the top quartile across earnings quality (77.4), free cash flow (76.3). Areas of concern include revenue growth (14.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), PITNEY BOWES INC /DE/ reports quarterly revenue of $451.5M, net income of $49.9M, an operating margin of 14.5%. Top institutional holders of PBI by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, LSV ASSET MANAGEMENT, based on the most recent SEC filings. PBI trades on the NYSE exchange and files with the SEC under CIK 78814. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PBI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PITNEY BOWES INC /DE/ directly from SEC EDGAR.