PEARSON PLC (PSO) Form 6-K — Oct 22, 2026
Pearson reported accelerated Q3 2026 growth, with underlying Group revenue up 6% in the quarter and 5% for the nine months, putting the company on track for its full-year guidance.
Key figures
- Guidance
- 2026: mid-single digit underlying revenue growth; adjusted operating profit £650m-£675m (narrowed from £640m-£685m) at £:$1.35; adjusted net finance costs c.£80m; effective tax rate c.25%; free cash flow conversion 90%-100%; medium-term margin improvement averaging 40bps per annum
- Revenue Yoy
- 5% underlying growth for nine months; 6% in Q3
- Fx sensitivity
- every 1c move in £:$ equals ~£5m adjusted operating profit
- Reorganisation costs
- c.£50m across FY26-FY27
- Prior year impairment
- £87m non-cash product development impairment in 2025
- Q3 higher education growth
- 2%
- Q3 virtual learning growth
- 13%
- New business units fy25 revenue
- ["US K12 c.£1.2bn","US Higher Education c.£0.6bn","UK & International Education c.£0.8bn","Enterprise c.£1.0bn"]
- Q3 assessment qualifications growth
- 10%
- Q3 english language learning growth
- -5%
- Q3 enterprise learning skills growth
- 6%
- Virtual learning enrolment growth fall
- 8%
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