Pearson plc (LON: PSON)

Pearson Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	3,674	3,841	3,428	3,397	3,869
Revenue Growth (YoY)	-4.35%	12.05%	0.91%	-12.20%	-6.30%
Cost of Revenue	2,010	2,046	1,747	1,767	1,858
Gross Profit	1,664	1,795	1,681	1,630	2,011
Selling, General & Admin	1,186	1,448	1,385	1,447	1,690
Research & Development	284	303	279	280	13
Other Operating Expenses	-16	101	177	-45	103
Operating Expenses	1,186	1,549	1,562	1,402	1,806
Operating Income	478	271	183	283	275
Interest Income	20	58	42	50	41
Interest Expense	57	69	68	107	84
Other Expense / Income	-50	-61	-17	-148	2
Pretax Income	492	323	157	354	232
Income Tax	113	79	-3	44	-34
Net Income	378	242	177	330	264
Net Income Growth	56.20%	36.72%	-46.36%	25.00%	-55.10%
Shares Outstanding (Basic)	712	738	754	755	777
Shares Outstanding (Diluted)	717	742	759	755	778
Shares Change	-3.33%	-2.25%	0.49%	-2.84%	-0.15%
EPS (Basic)	0.53	0.33	0.23	0.41	0.34
EPS (Diluted)	0.53	0.33	0.23	0.41	0.34
EPS Growth	60.61%	43.48%	-43.90%	20.59%	-55.26%
Free Cash Flow	419	214	150	255	176
Free Cash Flow Per Share	0.58	0.29	0.20	0.34	0.23
Gross Margin	45.29%	46.73%	49.04%	47.98%	51.98%
Operating Margin	13.01%	7.06%	5.34%	8.33%	7.11%
Profit Margin	10.29%	6.30%	5.16%	9.71%	6.82%
Free Cash Flow Margin	11.40%	5.57%	4.38%	7.51%	4.55%
Effective Tax Rate	22.97%	24.46%	-1.91%	12.43%	-14.66%
EBITDA	1,001	933	570	600	689
EBITDA Margin	27.25%	24.29%	16.63%	17.66%	17.81%
Depreciation & Amortization	523	618	408	317	389
EBIT	478	315	162	283	300
EBIT Margin	13.01%	8.20%	4.73%	8.33%	7.75%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.