Earnings ·
Pearson narrows 2026 adjusted operating profit guidance to £650m-£675m and announces two strategic acquisitions
PSOPearson PLC
Pearson plc reported underlying group revenue growth of 5% for the nine months ended September 30, 2026, with acceleration to 6% in Q3. The company narrowed its full-year adjusted operating profit guidance range to £650m-£675m at constant foreign exchange rates, previously £640m-£685m, while maintaining expectations for mid-single-digit revenue growth and 90%-100% free cash flow conversion. Pearson announced the completion of its acquisition of ITS and an agreement to acquire Workera to strengthen assessment and AI-driven skills verification capabilities. Additionally, the company re-segmented into four customer-focused business units effective January 2027, incurring approximately £50m in one-off reorganization costs. Tom ap Simon is departing as President Higher Education and Virtual Learning, with Kate Eberle Walker appointed to lead the new US Higher Education unit. Pearson operates as a global lifelong learning company providing digital content, assessments, qualifications, and data.