Pershing Square Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Revenues	3,474	1,661	3,142	-968.97	3,251
Revenue	3,474	1,661	3,142	-968.97	3,251
Revenue Growth (YoY)	109.17%	-47.13%	-	-	-30.02%
Cost of Revenue	697.19	415.41	467.58	148.48	610.13
Gross Profit	2,777	1,245	2,674	-1,117	2,641
Selling, General & Admin	11.56	13.09	15.66	12.19	10.48
Operating Income	2,765	1,232	2,658	-1,130	2,631
Interest Expense	-112.81	-77.29	-89.89	-103.42	-105.49
Other Non-Operating Income (Expense)	-93.96	33.71	-16.48	34.37	-1.49
Total Non-Operating Income (Expense)	-206.78	-43.59	-106.38	-69.05	-106.98
Pretax Income	2,559	1,189	2,552	-1,199	2,524
Provision for Income Taxes	26.25	32.03	33.24	32.72	28.14
Net Income	2,532	1,157	2,519	-1,231	2,495
Net Income to Common	2,525	1,174	2,486	-1,172	2,436
Net Income Growth	115.16%	-52.79%	-	-	-31.79%
Shares Outstanding (Basic)	179	184	189	197	199
Shares Outstanding (Diluted)	179	184	189	197	199
Shares Change (YoY)	-2.52%	-2.54%	-3.92%	-1.31%	0.99%
EPS (Basic)	14.08	6.38	13.17	-5.96	12.23
EPS (Diluted)	14.08	6.38	13.17	-5.96	12.23
EPS Growth	120.69%	-51.56%	-	-	-32.51%
Free Cash Flow	-29.72	-1,266	1,080	366.04	-914.29
Free Cash Flow Growth	-	-	195.11%	-	-
Free Cash Flow Per Share	-0.17	-6.88	5.72	1.86	-4.59
Dividends Per Share	0.658	0.582	0.523	0.475	0.400
Dividend Growth	13.05%	11.40%	10.06%	18.75%	0%
Gross Margin	79.93%	74.99%	85.12%	115.32%	81.23%
Operating Margin	79.60%	74.20%	84.62%	116.58%	80.91%
Profit Margin	72.89%	69.65%	80.17%	127.08%	76.75%
FCF Margin	-0.86%	-76.20%	34.39%	-37.78%	-28.12%
EBITDA	2,765	1,232	2,658	-1,130	2,631
EBIT	2,765	1,232	2,658	-1,130	2,631
EBIT Margin	79.60%	74.20%	84.62%	116.58%	80.91%
Effective Tax Rate	1.03%	2.69%	1.30%	-2.73%	1.12%