Pitney Bowes shares rise after Q1 results meet expectations despite sales decline

Pitney Bowes shares rose to $15.80 on May 15, 2026, from $15.54 before its first-quarter earnings release, even as the company reported a 3.2% year-over-year sales decline. Revenue and non-GAAP profit were in line with Wall Street expectations. Management cited improved performance in the SendTech and Presort segments, supported by customer retention efforts, renewed sales execution and early signs of stabilization in core mail-related businesses. CEO Kurt Wolf said the company remains cautious on long-term mail trends but sees opportunities to slow declines through retention programs, analytics initiatives and product simplification. Investors are expected to monitor SendTech stabilization, Presort’s new business pipeline and small acquisitions, and the use of Pitney Bowes Bank to support shipping software and customer financing.