Pitney Bowes Reports $461.9 Million Revenue in Q2 2025, Net Income of $30 Million

Pitney Bowes Inc. reported a total revenue of $461.9 million for the second quarter of 2025, a decrease of 5.7% compared to $489.7 million in the same period last year. The decline was attributed to lower revenues across all segments, with services revenue falling to $290.4 million from $297.3 million, products revenue decreasing to $90.9 million from $108.3 million, and financing and other revenue dropping to $80.6 million from $84.2 million. The company recorded a net income of $30 million, a significant turnaround from a net loss of $24.9 million in the prior year, primarily due to improved operational efficiencies and reduced costs.

For the first half of 2025, Pitney Bowes reported total revenue of $955.3 million, down from $1.01 billion in the same period of 2024. The decrease was driven by a $38 million drop in products revenue and a $11 million decline in services revenue. However, the company achieved a net income of $65.4 million, compared to a net loss of $27.8 million in the previous year, reflecting a strong recovery in profitability. The company’s cost of revenue also decreased, leading to a gross margin improvement, with gross margin percentage rising to 66.3% from 64.4%.

Strategically, Pitney Bowes has been focusing on restructuring efforts, particularly in its Global Ecommerce segment, which underwent a significant wind-down process in 2024. The company has also revised its segment reporting to better align with its current offerings, which has resulted in a clearer financial picture. The company’s SendTech Solutions segment continues to evolve, with a shift towards SaaS shipping solutions, although it has faced challenges with declining meter populations and a higher mix of lease extensions versus new equipment sales.

Operationally, Pitney Bowes has seen a reduction in its employee headcount as part of its restructuring plan, which has contributed to lower selling, general, and administrative expenses. The company reported a decrease in corporate expenses by 21% in the second quarter of 2025 compared to the previous year, reflecting ongoing cost-saving initiatives. The company’s cash and cash equivalents stood at $285.2 million as of June 30, 2025, down from $469.7 million at the end of 2024, primarily due to increased financing activities and stock repurchases.

Looking ahead, Pitney Bowes anticipates continued challenges in its mailing-related revenues due to lower meter populations, although it expects growth in its shipping offerings, particularly in SaaS solutions. The company aims to stabilize cash flows through lease extensions while managing pricing actions in its Presort Services segment to offset volume declines. The outlook remains cautious, with ongoing assessments of market conditions and potential impacts from global economic factors.