Pearson Income Statement

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

Millions GBP. 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
Revenue	3,577	3,552	3,674	3,841	3,428
Revenue Growth (YoY)	0.70%	-3.32%	-4.35%	12.05%	0.91%
Cost of Revenue	1,717	1,741	1,839	2,046	1,747
Gross Profit	1,860	1,811	1,835	1,795	1,681
Selling, General & Admin	1,351	1,242	1,285	1,540	1,381
Other Operating Expenses	4	-	1	-47	-100
Operating Expenses	1,355	1,244	1,289	1,496	1,281
Operating Income	505	567	546	299	400
Interest Expense	-75	-79	-61	-69	-68
Interest & Investment Income	17	34	24	58	11
Earnings From Equity Investments	1	2	1	1	1
Currency Exchange Gain (Loss)	-7	-3	3	1	1
Other Non Operating Income (Expenses)	-3	7	-10	25	20
EBT Excluding Unusual Items	438	528	503	315	365
Merger & Restructuring Charges	-7	-7	-23	-20	-214
Gain (Loss) on Sale of Investments	-7	-11	13	28	20
Gain (Loss) on Sale of Assets	8	-	-	-	6
Asset Writedown	25	-	-	-	-
Pretax Income	457	510	493	323	177
Income Tax Expense	121	75	113	79	-1
Earnings From Continuing Operations	336	435	380	244	178
Net Income to Company	336	435	380	244	178
Minority Interest in Earnings	-1	-1	-2	-2	-1
Net Income	335	434	378	242	177
Net Income to Common	335	434	378	242	177
Net Income Growth	-22.81%	14.82%	56.20%	36.72%	-46.36%
Shares Outstanding (Basic)	651	673	712	738	754
Shares Outstanding (Diluted)	660	684	717	742	759
Shares Change (YoY)	-3.46%	-4.64%	-3.33%	-2.25%	0.49%
EPS (Basic)	0.51	0.64	0.53	0.33	0.23
EPS (Diluted)	0.51	0.64	0.53	0.33	0.23
EPS Growth	-20.16%	20.49%	61.66%	39.91%	-46.66%
Free Cash Flow	627	594	495	304	262
Free Cash Flow Per Share	0.95	0.87	0.69	0.41	0.34
Dividend Per Share	0.252	0.240	0.227	0.215	0.205
Dividend Growth	5.00%	5.73%	5.58%	4.88%	5.13%
Gross Margin	52.00%	50.98%	49.95%	46.73%	49.04%
Operating Margin	14.12%	15.96%	14.86%	7.78%	11.67%
Profit Margin	9.37%	12.22%	10.29%	6.30%	5.16%
Free Cash Flow Margin	17.53%	16.72%	13.47%	7.92%	7.64%
EBITDA	586	649	641	398	496
EBITDA Margin	16.38%	18.27%	17.45%	10.36%	14.47%
D&A For EBITDA	81	82	95	99	96
EBIT	505	567	546	299	400
EBIT Margin	14.12%	15.96%	14.86%	7.78%	11.67%
Effective Tax Rate	26.48%	14.71%	22.92%	24.46%	-
Advertising Expenses	126	113	146	268	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.