Pinterest Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2017 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2017 - 2019
Revenue	3,646	3,055	2,803	2,578	1,693	Upgrade
Revenue Growth (YoY)	19.35%	9.01%	8.71%	52.31%	48.12%	Upgrade
Cost of Revenue	750.36	688.76	678.6	529.32	449.36	Upgrade
Gross Profit	2,896	2,366	2,124	2,049	1,243	Upgrade
Selling, General & Admin	1,441	1,304	1,277	942.26	690.11	Upgrade
Research & Development	1,241	1,068	948.98	780.26	606.19	Upgrade
Operating Expenses	2,681	2,373	2,226	1,723	1,296	Upgrade
Operating Income	214.47	-6.28	-101.68	326.19	-53	Upgrade
Interest Expense	-	-	-	-	-0.64	Upgrade
Interest & Investment Income	127	105.44	30.24	3.08	16.12	Upgrade
Other Non Operating Income (Expenses)	-19.22	3.8	-14.5	-8.29	-	Upgrade
EBT Excluding Unusual Items	322.26	102.96	-85.94	320.97	-37.52	Upgrade
Merger & Restructuring Charges	-	-119.4	-	-	-	Upgrade
Legal Settlements	-34.65	-	-	-	-	Upgrade
Other Unusual Items	-	-	-	-	-89.5	Upgrade
Pretax Income	287.61	-16.44	-85.94	320.97	-127.02	Upgrade
Income Tax Expense	-1,575	19.17	10.1	4.53	1.3	Upgrade
Net Income	1,862	-35.61	-96.05	316.44	-128.32	Upgrade
Net Income to Common	1,862	-35.61	-96.05	316.44	-128.32	Upgrade
Shares Outstanding (Basic)	679	675	666	640	596	Upgrade
Shares Outstanding (Diluted)	698	675	666	692	596	Upgrade
Shares Change (YoY)	3.52%	1.34%	-3.75%	16.00%	41.81%	Upgrade
EPS (Basic)	2.74	-0.05	-0.14	0.49	-0.22	Upgrade
EPS (Diluted)	2.67	-0.05	-0.14	0.46	-0.22	Upgrade
Free Cash Flow	939.99	604.9	440.22	743.88	11.43	Upgrade
Free Cash Flow Per Share	1.35	0.90	0.66	1.08	0.02	Upgrade
Gross Margin	79.42%	77.45%	75.79%	79.47%	73.45%	Upgrade
Operating Margin	5.88%	-0.21%	-3.63%	12.65%	-3.13%	Upgrade
Profit Margin	51.07%	-1.17%	-3.43%	12.27%	-7.58%	Upgrade
Free Cash Flow Margin	25.78%	19.80%	15.71%	28.85%	0.68%	Upgrade
EBITDA	235.73	15.23	-55.19	353.69	-16.02	Upgrade
EBITDA Margin	6.46%	0.50%	-1.97%	13.72%	-0.95%	Upgrade
D&A For EBITDA	21.27	21.51	46.49	27.5	36.99	Upgrade
EBIT	214.47	-6.28	-101.68	326.19	-53	Upgrade
EBIT Margin	5.88%	-0.21%	-3.63%	12.65%	-3.13%	Upgrade
Effective Tax Rate	-	-	-	1.41%	-	Upgrade
Advertising Expenses	161.5	145.6	139.7	94.7	30.3	Upgrade

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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