Pearson revenue increased 5% on an underlying basis in the first nine months of 2026, while the group narrowed its full-year adjusted operating profit guidance to £650–675 million. Third-quarter underlying revenue growth accelerated to 6%, in line with expectations.
Key Takeaways
- Underlying group revenue grew 5% over nine months and 6% in the third quarter.
- The 2026 adjusted operating profit forecast narrowed from £640–685 million to £650–675 million.
- Pearson maintained its expectations for mid-single-digit underlying revenue growth and 90%–100% free cash flow conversion.
Table of Contents
Profit forecast tightens at both ends
The revised profit guidance raises the lower end of Pearson’s previous range and reduces the upper end. The £650–675 million forecast uses exchange rates at the end of 2025 and includes the impact of the 2025 product development impairment.
Pearson said it remained on track to deliver its 2026 guidance following the acceleration in quarterly revenue growth. Its full-year expectations continue to include mid-single-digit underlying revenue growth and free cash flow conversion of 90%–100%.
Pearson revenue outlook extends beyond 2026
For the medium term, Pearson said it was well positioned to achieve a mid-single-digit compound annual growth rate in underlying revenue, alongside sustained margin improvement and strong free cash conversion.
Pearson shares closed the London Stock Exchange session preceding October 22 at 1,360.50 pence.
Conclusion
The update pairs faster third-quarter revenue growth with a tighter profit forecast, while leaving Pearson’s full-year revenue growth and cash conversion expectations unchanged.
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