Pearson plc (PSO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Sales/Revenue | 1.84B | 1.72B | 1.8B | 1.75B | 1.79B | 1.88B | 2.05B | 1.79B | 1.83B | 1.6B | 1.91B | 1.49B | 2.04B | 1.83B | 2.26B | 1.86B | 2.47B | 2.05B | 2.69B | 1.87B |
| Revenue Growth % | 2.53% | -1.82% | 0.17% | -6.65% | -12.57% | 5.09% | 12.12% | 11.96% | -3.88% | 7.04% | -6.62% | -18.43% | -9.89% | -1.93% | -8.19% | -8.89% | -8.19% | 9.7% | 8.7% | -6.56% |
| Cost of Goods Sold | 868.61M | 843M | 866M | 875M | 879M | 960M | 1.08B | 963M | 909M | 838M | 919M | 848M | 954M | 904M | 1.03B | 912M | 1.07B | 993M | 1.18B | 912M |
| COGS % of Revenue | 47.12% | 48.95% | 48.16% | 49.89% | 48.97% | 51.09% | 52.75% | 53.86% | 49.65% | 52.47% | 48.24% | 56.84% | 46.76% | 49.43% | 45.54% | 48.9% | 43.51% | 48.51% | 43.97% | 48.87% |
| Gross Profit | 974.95M | 879M | 932M | 879M | 916M | 919M | 970M | 825M | 922M | 759M | 986M | 644M | 1.09B | 925M | 1.23B | 953M | 1.39B | 1.05B | 1.5B | 954M |
| Gross Margin % | 52.88% | 51.05% | 51.84% | 50.11% | 51.03% | 48.91% | 47.25% | 46.14% | 50.36% | 47.53% | 51.76% | 43.16% | 53.24% | 50.57% | 54.46% | 51.1% | 56.49% | 51.49% | 56.03% | 51.13% |
| Gross Profit Growth % | 4.61% | 0% | 1.75% | -4.35% | -5.57% | 11.39% | 5.21% | 8.7% | -6.49% | 17.86% | -9.21% | -30.38% | -11.92% | -2.94% | -11.49% | -9.58% | -7.44% | 10.48% | 3.29% | -7.38% |
| Operating Expenses | 701.65M | 639M | 610M | 660M | 649M | 688M | 709M | 690M | 818M | 659M | 682M | 720M | 734M | 848M | 939M | 725M | 930M | 1.02B | 3.72B | 1.23B |
| OpEx % of Revenue | 38.06% | 37.11% | 33.93% | 37.63% | 36.16% | 36.62% | 34.53% | 38.59% | 44.67% | 41.26% | 35.8% | 48.26% | 35.98% | 46.36% | 41.48% | 38.87% | 37.71% | 49.68% | 138.64% | 66.08% |
| Selling, General & Admin | 701.65M | 633M | 664M | 643M | 624M | 688M | 709M | 690M | 818M | 659M | 682M | 720M | 734M | 848M | 938M | 937M | 1.1B | 1.08B | 969M | 1.26B |
| SG&A % of Revenue | 38.06% | 36.76% | 36.93% | 36.66% | 34.76% | 36.62% | 34.53% | 38.59% | 44.67% | 41.26% | 35.8% | 48.26% | 35.98% | 46.36% | 41.43% | 50.24% | 44.81% | 52.71% | 36.08% | 67.31% |
| Research & Development | 0 | 139M | -144M | 144M | 73.5M | 68.5M | 83.5M | 68M | 68M | 71.5M | 280M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 8.07% | -8.01% | 8.21% | 4.09% | 3.65% | 4.07% | 3.8% | 3.71% | 4.48% | 14.7% | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 273.3M | 240M | 322M | 219M | 267M | 231M | 261M | 135M | 104M | 100M | 304M | -76M | 352M | 77M | 360M | 20M | 352M | -25M | 621M | -302M |
| Operating Margin % | 14.82% | 13.94% | 17.91% | 12.49% | 14.87% | 12.29% | 12.71% | 7.55% | 5.68% | 6.26% | 15.96% | -5.09% | 17.25% | 4.21% | 15.9% | 1.07% | 14.27% | -1.22% | 23.12% | -16.18% |
| Operating Income Growth % | -15.12% | 9.59% | 20.6% | -5.19% | 2.3% | 71.11% | 150.96% | 35% | -65.79% | 231.58% | -13.64% | -198.7% | -2.22% | 285% | 2.27% | 180% | -43.32% | 91.72% | 10.7% | -134.11% |
| EBITDA | 598.29M | 288M | 788M | 279M | 547M | 494M | 615M | 399M | 325M | 287M | 456M | 89M | 518M | 235M | 402M | 143M | 425M | 130M | 717M | -118M |
| EBITDA Margin % | 32.45% | 16.72% | 43.83% | 15.91% | 30.47% | 26.29% | 29.96% | 22.32% | 17.75% | 17.97% | 23.94% | 5.97% | 25.39% | 12.85% | 17.76% | 7.67% | 17.23% | 6.35% | 26.69% | -6.32% |
| EBITDA Growth % | -24.08% | 3.23% | 44.06% | -43.52% | -11.06% | 23.81% | 89.23% | 39.02% | -28.73% | 222.47% | -11.97% | -62.13% | 28.86% | 64.34% | -5.41% | 10% | -40.73% | 210.17% | -2.18% | -257.58% |
| D&A (Non-Cash Add-back) | 324.98M | 48M | 466M | 60M | 280M | 263M | 354M | 264M | 221M | 187M | 152M | 165M | 166M | 158M | 42M | 123M | 73M | 155M | 96M | 184M |
| EBIT | 288.21M | 246M | 353M | 236M | 296M | 277M | 194M | 180M | 182M | 31M | 350M | 60M | 206M | 13M | 360M | 426M | 352M | -12M | -4.59B | -302M |
| Net Interest Income | -27.83M | -24M | 10M | -14M | -22M | 17M | -40.5M | 6M | 15M | 13.5M | 17M | 13.5M | 11.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 22.86M | 32.42M | 45M | 100M | 23M | 53M | 11.5M | 6M | 15M | 13.5M | 17M | 13.5M | 11.5M | 9M | 2M | 26M | 32M | 47M | 32M | 27M |
| Interest Expense | 50.69M | 24M | 35M | 114M | 45M | 36M | 52M | 10.37M | 40.88M | 37.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -35.78M | -22M | -24M | -7M | -15M | 10M | -119M | 45M | 48M | -96M | 12M | -20.5M | -169M | -82M | -24M | 182M | 79M | -26M | -2.87B | -4M |
| Pretax Income | 237.53M | 218M | 298M | 212M | 251M | 241M | 142M | 180M | 152M | 4M | 316M | 33M | 183M | -5M | 296M | 202M | 431M | -10M | -2.25B | -306M |
| Pretax Margin % | 12.88% | 12.66% | 16.57% | 12.09% | 13.98% | 12.83% | 6.92% | 10.07% | 8.3% | 0.25% | 16.59% | 2.21% | 8.97% | -0.27% | 13.07% | 10.83% | 17.48% | -0.49% | -83.8% | -16.4% |
| Income Tax | 68.57M | 52M | 21M | 54M | 64M | 49M | 31M | 48M | 11M | -14M | 57M | -13M | 1M | -35M | -105M | 13M | 7M | 6M | -136M | -86M |
| Effective Tax Rate % | 28.87% | 23.85% | 7.05% | 25.47% | 25.5% | 20.33% | 21.83% | 26.67% | 7.24% | -350% | 18.04% | -39.39% | 0.55% | 700% | -35.47% | 6.44% | 1.62% | -60% | 6.04% | 28.1% |
| Net Income | 169.95M | 164M | 277M | 157M | 192M | 186M | 111M | 131M | 142M | 17M | 262M | 48M | 217M | 47M | 400M | 188M | 423M | -17M | -2.12B | -221M |
| Net Margin % | 9.22% | 9.52% | 15.41% | 8.95% | 10.7% | 9.9% | 5.41% | 7.33% | 7.76% | 1.06% | 13.75% | 3.22% | 10.64% | 2.57% | 17.67% | 10.08% | 17.15% | -0.83% | -78.78% | -11.84% |
| Net Income Growth % | -38.65% | 4.46% | 44.27% | -15.59% | 72.97% | 41.98% | -21.83% | 670.59% | -45.8% | -64.58% | 20.74% | 2.13% | -45.75% | -75% | -5.44% | 1205.88% | 119.99% | 92.31% | -713.85% | -140.22% |
| Net Income (Continuing) | 168.95M | 166M | 277M | 158M | 188M | 192M | 111M | 132M | 141M | 18M | 259M | 46M | 182M | 30M | 401M | 189M | 424M | -16M | -2.12B | -220M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 14.97M | 16M | 15M | 15M | 14M | 13M | 13M | 11M | 10M | 10M | 9M | 10M | 10M | 10M | 9M | 9M | 8M | 5M | 4M | 3M |
| EPS (Diluted) | 0.26 | 0.25 | 0.40 | 0.23 | 0.27 | 0.26 | 0.15 | 0.17 | 0.19 | 0.02 | 0.35 | 0.06 | 0.28 | 0.06 | 0.52 | 0.24 | 0.52 | -0.02 | -2.60 | -0.28 |
| EPS Growth % | -35% | 8.7% | 48.15% | -11.54% | 80% | 52.94% | -21.05% | 655.56% | -45.71% | -64.4% | 25% | 4.29% | -46.15% | -74.75% | 0% | 1253.85% | 120% | 92.57% | -712.5% | -154.55% |
| EPS (Basic) | 0.27 | 0.25 | 0.40 | 0.23 | 0.28 | 0.26 | 0.15 | 0.17 | 0.19 | 0.02 | 0.35 | 0.06 | 0.28 | 0.06 | 0.52 | 0.24 | 0.52 | -0.02 | -2.60 | -0.28 |
| Diluted Shares Outstanding | 650.72M | 670.7M | 684M | 687.4M | 715.66M | 719M | 729.54M | 752.9M | 759.4M | 756.6M | 752.35M | 759.2M | 778.84M | 776.1M | 777.8M | 779.6M | 812.4M | 815M | 814.6M | 815M |
| Basic Shares Outstanding | 635.73M | 669.39M | 688.6M | 688.6M | 689.97M | 714M | 724.2M | 750.3M | 755.23M | 753.2M | 752.35M | 759.2M | 778.84M | 775.6M | 777.74M | 780.08M | 812.11M | 809.52M | 814.6M | 815M |
| Dividend Payout Ratio | 31.28% | 67.07% | 20.94% | 136.31% | 25% | 56.99% | 44.14% | 81.68% | 33.1% | 600% | 17.18% | 210.42% | 21.2% | 214.89% | 10.75% | 49.47% | 9.69% | - | - | - |