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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pearson
Pearson (PSON) investor relations material
Pearson Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary22 Oct, 2026
Executive summary
Underlying revenue grew 5% in 9M 2026 and accelerated to 6% in Q3, in line with expectations; FY26 guidance remains on track.
Strategic acquisitions and a four-unit customer-led structure are intended to strengthen growth, assessment capabilities and accountability.
Financial highlights
Adjusted operating profit guidance narrowed to £650m–£675m at year-end 2025 FX rates (£1:$1.35); the midpoint is unchanged.
Free cash flow conversion guidance remains 90%–100%; adjusted net finance costs are expected to be ~£80m.
Nine-month underlying revenue growth was 5%, with Q3 growth at 6%.
Outlook and guidance
FY26 underlying revenue growth and medium-term CAGR are expected to be mid-single digit.
Medium-term margin improvement target is an average 40 bps per year, with average free cash flow conversion of 90%–100%.
Full-year expectations include Virtual Learning growth above 2025, Higher Education growth and low-to-mid-single-digit Assessment & Qualifications growth.
Institutional English Language Learning revenue is expected to grow while PTE declines; Enterprise Learning & Skills growth is expected from vocational qualifications and enterprise accounts.
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Latest events from Pearson
- High-margin assessment business leverages digital platforms and renewals for sustained growth.PSON
Investor presentation - H1 2026 saw 4% revenue growth, higher profits, increased dividend, and a £350m buyback.PSONH1 2026
- Q1 2026 revenue up 4%, Virtual Learning surges 21%, outlook and guidance reaffirmed.PSONQ1 2026 TU
- 2025 saw strong growth and margin gains, with 2026 set for further sales and profit increases.PSONH2 2025
- 2025 delivered 4% sales growth and 6% profit rise, with strong Q4 acceleration and robust cash flow.PSONQ4 2025 TU
- 3% nine-month and 5% Q3 sales growth, AI gains, and GBP 105m tax repayment expected.PSONQ3 2024 TU
- Solid H1 2024 growth, strong cash flow, and guidance reaffirmed for margin expansion.PSONH1 2024
- Strong H1 2024 results, cash flow growth, and guidance reaffirmed; buyback nearly complete.PSONH1 2024
- Strong profit growth, margin expansion, and AI-driven innovation underpin a positive 2025 outlook.PSONH2 2024
Next Pearson earnings date
Q4 202625 Feb, 2027
Pearson
Next Pearson earnings date
Q4 202625 Feb, 2027
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Frequently asked questions
Pearson plc is a global education company specializing in digital learning, educational content, assessments, and qualifications. The company provides a wide range of products and services, including online learning platforms, textbooks, standardized testing, and professional certifications. Pearson serves learners, educators, and institutions across sectors such as K-12, higher education, and corporate training. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE (London Stock Exchange).