Pearson plc

Report azionario NYSE:PSO

Capitalizzazione di mercato: US$9.2b

Pearson Performance degli utili passati

Criteri Il passato verificati 2/6

Pearson ha registrato una crescita degli utili a un tasso medio annuo di 10.7%, mentre il settore Consumer Services ha registrato utili in crescita a un tasso medio annuo di 25.6%. I ricavi sono stati in crescita a un tasso medio annuo di 0.5%. Il ritorno sul capitale proprio di Pearson è 9.2% e ha margini netti di 9.4%.

Informazioni chiave

10.72%

Tasso di crescita degli utili

14.07%

Tasso di crescita dell'EPS

Consumer Services Crescita del settore20.27%
Tasso di crescita dei ricavi0.45%
Rendimento del capitale proprio9.17%
Margine netto9.37%
Ultimo aggiornamento sugli utili31 Dec 2025

Aggiornamenti sulle prestazioni recenti

Recent updates

Seeking Alpha • Apr 07

Pearson: A Stock To Watch As Margins Expand

Summary Pearson plc is leveraging AI-driven efficiency and digital transformation to drive sustained margin expansion and free cash flow growth. PSO's adjusted operating profit grew 6% in FY 2025, outpacing 4% revenue growth, with margins expanding to 17.2% and further improvement guided for FY 2026. Enterprise Skilling and Early Careers segments are positioned as multi-year growth drivers, underpinned by recurring, contract-based revenues and strategic tech partnerships. ROC has improved from 6.6% in FY 2020 to 11.3% in FY 2025, a 470 basis point improvement. Read the full article on Seeking Alpha
Seeking Alpha • Mar 03

AI Isn't Enough: Why Pearson's Stock Looks Overvalued And Vulnerable

Summary Pearson plc's Q4 earnings showed a 10% profit boost and a 16.9% EBIT margin, but competitive pressures and macroeconomic risks loom large. The company's AI integration and partnerships with AWS and Microsoft aim to enhance digital learning, yet the valuation appears overly optimistic. Despite strong business momentum, Pearson's reliance on a strong H2 2025 and declining free cash flow raise concerns about long-term growth. Given these risks and the high valuation, I recommend staying on the sidelines until clearer growth drivers emerge. Read the full article on Seeking Alpha
Seeking Alpha • May 03

Pearson: First Quarter Metrics Were Good

Summary Pearson plc's Q1 2024 sales growth numbers indicate that the company's full-year top-line expansion is likely to be in line with what it guided for previously. Pearson has the financial strength to support shareholder capital return, and it has bought £202 million worth of its own shares in this year thus far. A Buy rating for Pearson is retained following an assessment of its first quarter disclosures. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Pearson: Consider 2023 Results Preview And 2024 Prospects

Summary Pearson's FY 2023 results are expected to be in line with expectations, taking into account its most recent trading update and the revision to consensus numbers. PSO's FY 2024 outlook is favorable based on my evaluation of the company's key metrics and disclosures. I retain a Buy rating for Pearson, following a preview of PSO's 2023 results and an assessment of the company's prospects for the current year. Read the full article on Seeking Alpha
Seeking Alpha • Nov 15

Pearson: Eyes On Assessment And Qualifications Business And Share Repurchases

Summary Pearson's Assessment & Qualifications business is expected to be an integral part of the company's plans to grow revenue and expand margins for the mid term. Pearson has indicated that its £300 million share buyback program is very likely to be completed by the end of the current year. Pearson stock is still rated as a Buy, as I think that PSO's recent management disclosures have positive read-throughs for the stock. Read the full article on Seeking Alpha
Seeking Alpha • Sep 04

Pearson: Capital Allocation Matters (Rating Upgrade)

Summary Pearson plans to execute on its new share buyback program starting in Q3 2023, following an increase in the company's interim dividend. PSO is in a strong financial position, and this means that the company should have no issues financing its future investments. My rating for Pearson is revised to a Buy, as I take a favorable view of PSO's recent capital allocation initiatives. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

Pearson: AI In The Limelight

Summary PSO's shares have underperformed on both an absolute and relative basis in 2023 year-to-date, and this is largely attributable to the perceived threat of generative AI. AI represents both a risk and an opportunity for Pearson. I continue to have a Hold rating assigned to PSO; my view of Pearson is mixed, as it is too early to determine how AI could affect the company's prospects. Read the full article on Seeking Alpha
Seeking Alpha • Jan 18

Pearson: Expensive For What It Is

Summary Education provider Pearson shows positive business momentum, though it is uneven. While its strategic shift to education makes sense in theory, the evidence for its positive financial impact remains mixed for now. Accordingly, I see the current share price as overvalued and maintain my "sell" rating. Education group Pearson (PSO) has had a good run lately in the stock market. I last covered the company in April with my bearish piece Pearson: Not Unlocking Much Value On Its Own. Since then, the shares have increased in value by 21%. However, I continue to see the shares as overvalued relative to the company’s earnings generation potential. Accordingly, I maintain my “sell” rating on the name. Business Performance is Decent While not stellar, recent business performance has been decent and arguably good. At the interim stage, sales were up 12% and earnings per share soared albeit from a low base last year. company announcement The company said after its third quarter that it expected to deliver sales and adjusted operating profit consensus expectations for the full year, with sales growth in the first nine months of 7% compared to the prior year period. This is positive momentum for the business. But I do not think the results are great. I think some of the strong performance in the assessment and qualifications and English language learning divisions are basically clearing a post-Covid backlog, so expect sales growth in those divisions to slow sharply over the next couple of years. It is also worth noting that Pearson has struggled to convert sales into operating profits consistently, as shown in the first half results. company announcement Has the company’s strategic pivot towards education in recent years worked? I think there is not yet sufficient evidence to say that it has. For example, virtual learning in the first half grew by double digits in percentage terms (a change in reporting segments means one can make no direct comparison to the prior year, though I think this growth was from a strong base) but adjusted operating profit was flat and the adjusted operating profit margin was a meagre 3.6%. Maybe a shift towards more virtual learning in coming years can help boost the top line, while lower costs can improve the bottom line. The company has identified cost savings of at least £100m for this year, on top of the efficiencies the company expects from its prior reorganisation of divisions. However, none of this is yet compelling in my view. The strategy makes sense to me, but its long-term impact remains unproven and it is not clear how financially attractive the pivot to education will turn out to be. It has not yet delivered high growth, so I see it as premature for shares to be valued on the expectation that it will do. Valuation Looks Stretched Currently Pearson has a market cap of £6.6bn. Net debt at the end of June was £810m (up 231% in a year), meaning the enterprise value is £7.4bn. That looks high to me. Last year’s profits after tax were £160m, meaning the price to earnings ratio stands at 42. For the current year, the company outlook is for adjusted operating profit of £416m. But that is broadly in line with last year, when although the reported profit was £160m, the adjusted operating profit was £385m. So, if excluding adjustments and the operating profit level and focussing instead on basic reported earnings after tax, which I see as a more relevant measure, the prospective P/E ratio is likely in the mid-twenties to mid-thirties depending on the size of the adjustments. In recent history, Pearson has had a history of frequent substantial adjustments.
Seeking Alpha • Dec 19

Pearson to acquire workforce assessment provider PDRI

Pearson (NYSE:PSO) has entered into an agreement with SHL Group to acquire workforce assessment provider, Personnel Decisions Research Institutes (PDRI). The consideration for PDRI represents an enterprise value of $190M, which will be funded from Pearson's existing cash and available liquidity. The transaction is expected to occur during H1 2023 subject to regular closing conditions, including any required regulatory filings or approvals. Founded in 1975, PDRI has significant expertise in providing assessment solutions to the U.S. federal government. The business will join Pearson's Assessment & Qualifications division and significantly expand the company's services to U.S. federal government. PSO shares are up 1.26% premarket
Seeking Alpha • Oct 24

Pearson reports Q3 and nine months update

Pearson press release (NYSE:PSO): Q3 sales show a surge of 7% vs. last year figure. Over the last nine months: Assessment & Qualifications sales increased 12%; Professional Certification sales were down 3%; Clinical Assessment performed well with sales up 9%; US Student Assessment sales grew 32%. In UK & International Qualifications, sales grew 35%. On track to deliver at least £100m of efficiencies in 2023 which will accelerate improved margin expectations from 2025 to 2023.
Seeking Alpha • Aug 09

Pearson: Watch Pandemic Recovery And Digital Metrics

Pearson's Assessment & Qualifications business segment witnessed a substantial recovery in sales and operating earnings in 1H 2022, as examinations proceeded as per normal in the absence of pandemic lockdowns. But PSO's key digital revenue growth metrics like Higher Education US digital registrations and OPM student enrollments weren't as good as what investors would have hoped for. I retain my Hold investment rating for Pearson, in view of a mixed outlook implying slower top line growth and stronger profitability. Elevator Pitch I continue to rate Pearson plc's (PSO) shares as a Hold. I last wrote about PSO in an article published on October 12, 2021, and I discussed about Pearson's digital textbook platform and the company's portfolio optimization plans in that earlier update. Pearson's 1H 2022 performance wasn't as good as what headline numbers imply. PSO's Assessment & Qualifications business delivered solid growth as examinations were no longer delayed or cancelled due to COVID-19 restrictions. But Pearson's digital growth metrics, which are a key indicator of the company's progress in pivoting towards digital learning, were below expectations. In the medium term, PSO's revenue growth will likely slow as a result of lower-than-expected enrollments, but this will be offset by better-than-expected profitability thanks to the success of its cost optimization initiatives. This suggests that a Hold rating is the most appropriate for Pearson. Good Recovery From The Pandemic Pearson did reasonably well in the first half of the current year. The company's revenue and core operating income expanded by +6% YoY and +22% YoY to £1,788 million and £160 million, respectively in 1H 2022 as per its most recent interim results press release. PSO's Assessment & Qualifications business segment benefited from a low base in 1H 2021 when the business division was negatively affected by COVID-19 related lockdowns. With the relaxation of pandemic restrictions, the Assessment & Qualifications business saw its core revenue and operating income grow by +16% YoY and +34% YoY, respectively in the most recent interim period. Notably, Pearson's Assessment & Qualifications segment contributed 86% of the company's core operating profit in 1H 2022, which meant that the recovery of this business segment was the main reason for Pearson's strong growth in the first half of the year. Pearson highlighted at its 1H 2022 results call that "exam timetables returned to normal", which helped its Assessment & Qualifications business to perform well for the first six months of 2022. In comparison, examinations were disrupted last year due to new COVID-19 waves. Digital Growth Metrics Were A Disappointment It will be misleading to conclude that all is well at Pearson based on the company's good headline financial metrics (revenue and operating income) as mentioned in the preceding section. This is because investors are more concerned about Pearson's long-term growth outlook in a post-pandemic environment, and they are watching the progress of Pearson's push into digital learning very closely. In that respect, Pearson's metrics relating to digital revenue growth would have most probably disappointed the majority of investors. As indicated in the company's 1H 2022 earnings media release, PSO's Higher Education US digital registrations declined by -9% YoY from 5.3 million in the first half of 2021 to 4.8 million in the recent interim period. Also, OPM (Online Program Management) student enrollments for its Virtual Learning segment came in at 143,000 for 1H 2022, which represented a -0.7% contraction as compared to 1H 2021. The weak operating metrics for Pearson's Virtual Learning and Higher Education business segments translated into poor financial performances for these two business divisions in the most recent interim financial period. Core operating income for PSO's Virtual Learning business fell by -21% YoY in 1H 2022, as increased investments more than offset a modest +3% YoY rise in segment revenue over the same period. Pearson's Higher Education business segment turned from a positive operating profit in 1H 2021 into an operating loss for 1H 2022, as the division was hurt by a -4% YoY decrease in segment sales and negative operating leverage. Mixed Outlook The intermediate term financial outlook for Pearson is mixed. Based on the analysts' consensus financial estimates taken from S&P Capital IQ, PSO's top line expansion is forecasted to slow from +8.7% in fiscal 2022 to +4.2% and +4.3% for FY 2023 and FY 2024, respectively. As I indicated earlier, PSO's solid +6% revenue growth for 1H 2022 was helped by the fact that 1H 2021 was a low base for the company as a result of pandemic disruptions. As such, it isn't a surprise that Pearson's top line growth will moderate in the subsequent years ahead. Moreover, Pearson has guided for "increased pressure on enrolments in OPM and Higher Ed (Education)" going forward as per its management comments at the 1H 2022 earnings briefing. Specifically, PSO acknowledged at its interim results call that "there is an enrolment issue", considering that "many people who have yet to finish their college degrees because they were impacted by the pandemic." On the other hand, the sell-side's consensus financial projections point to Pearson's EBIT margin improving from 11.6% in FY 2022 to 14.6% for FY 2023 and 15.4% for FY 2025.
Seeking Alpha • Aug 01

Pearson raises margin target amid cost saving strategy driving top line

Pearson (NYSE:PSO) shares rallied 10.5% higher premarket after the company estimated margins to hit a mid-teen target earlier than expected amid its new integrated structure which supported to cut costs, grow the top line and keep it on track for the full year. Pearson under its new boss Andy Bird is starting to see the fruits of a strategy to sell directly to consumers as they move through school, college and work. The company indicated that it is seeing strong demand for professional certifications in the tech and clinical industries, while its English Language Learning and Virtual Learning courses were seeing strong retention rates. Pearson said its new structure of five divisions, underpinned by a direct to consumer team, had helped to identify £100M of costs that could be cut by next year, bringing a mid-teen margin target forward to 2023, from 2025.
Seeking Alpha • Apr 07

Pearson: Not Unlocking Much Value On Its Own

Educational provider Pearson reported underwhelming annual results. It knocked back a trio of takeover bids from Apollo. In the absence of a better management plan to unlock shareholder value and declining earnings, I now rate the shares as a "sell".
Seeking Alpha • Jan 06

Pearson: Fair Value But Not Cheap Enough To Tempt Me

Pearson is well-positioned for changing educational, training and assessment needs. That should help it grow. Its share price fall means I now see it as fairly priced. There is a decent dividend and some potential for share price increase in the coming year in my view. But I still don't think it's cheap and execution risk remains, with recent results being a mixed bag. So I remain neutral.
Seeking Alpha • Oct 12

Pearson Stock: Market's Focus Is On Portfolio Optimization And Pearson+

Pearson's portfolio optimization activities are worth watching, as they could serve as potential re-rating catalysts for the stock. The launch of Pearson+, PSO's new digital college textbook platform, could encourage students to switch away from used textbooks, but this could come at the expense of short-term profitability. The market values Pearson at consensus forward fiscal 2021 and 2022 normalized P/E multiples of 21.9 times and 18.4 times, respectively.
Seeking Alpha • Jul 29

Pearson: Virtual Learning Powers Likely Growth, But Only Modestly

Pearson's digital learning business has grown sharply - I expect growth to slow but remain decent. The rest of the business is showing signs of recovery. Digital learning can help Pearson grow overall, but it's not a rocket given its relative contribution. I consider the shares fairly valued right now.

Ripartizione dei ricavi e delle spese

Come Pearson guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

NYSE:PSO Ricavi, spese e utili (GBP Millions )
DataRicaviUtiliSpese G+ASpese di R&S
31 Dec 253,5773351,3510
30 Sep 253,5493881,2930
30 Jun 253,5204411,2360
31 Mar 253,5364381,2410
31 Dec 243,5524341,2440
30 Sep 243,5513921,2450
30 Jun 243,5493491,2670
31 Mar 243,6123641,2830
31 Dec 233,6743781,2880
30 Sep 233,8033351,4660
30 Jun 233,9322921,4310
31 Mar 233,8872671,4370
31 Dec 223,8412421,5430
30 Sep 223,7302691,3840
30 Jun 223,6192961,3250
31 Mar 223,5242371,3530
31 Dec 213,4281771,3810
30 Sep 213,4652481,4240
30 Jun 213,5022791,4660
31 Mar 213,4502951,4540
31 Dec 203,3973301,4410
30 Sep 203,4652881,4720
30 Jun 203,5322651,5020
31 Mar 203,7012651,5960
31 Dec 193,8692641,6900
30 Sep 193,9813561,7670
30 Jun 194,0934471,8430
31 Mar 194,1115181,8590
31 Dec 184,1295881,8750
30 Sep 184,2306001,9590
30 Jun 184,3316112,0420
31 Mar 184,4225092,1130
31 Dec 174,5134062,1840
30 Sep 174,623-8632,1160
30 Jun 174,733-2,1332,0480
31 Mar 174,643-2,2352,1370
31 Dec 164,552-2,3372,2250
30 Sep 164,445-1,4092,2440
30 Jun 164,337-4812,2630
31 Mar 164,403-4162,2150
31 Dec 154,468-3522,1660
30 Sep 154,479-1092,1980
30 Jun 154,4901342,2290

Guadagni di qualità: PSO ha guadagni di alta qualità.

Margine di profitto in crescita: Gli attuali margini di profitto netti di PSO (9.4%) sono inferiori rispetto allo scorso anno (12.2%).

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: Gli utili di PSO sono cresciuti del 10.7% all'anno negli ultimi 5 anni.

Accelerare la crescita: PSO ha avuto una crescita negativa degli utili nell'ultimo anno, quindi non può essere confrontata con la sua media quinquennale.

Guadagni vs Settore: PSO ha avuto una crescita negativa degli utili ( -22.8% ) nell'ultimo anno, rendendo difficile il confronto con la media del settore Consumer Services ( 10.2% ).

Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 9.2% ) di PSO è considerato basso.

Rendimento delle attività

Rendimento del capitale investito

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/25 03:54
Prezzo dell'azione a fine giornata2026/05/22 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Pearson plc è coperta da 27 analisti. 10 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
JULIEN ROCHBarclays
Nicholas Michael DempseyBarclays
Nicholas Michael DempseyBarclays