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Pinterest, Inc. (PINS) stock

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NYSE: PINS NYSE Interactive Media & Services Next results ~February 11, 2027

C+ Fundamentals grade

Pinterest operates a visual search and discovery platform, reachable through a mobile app or the web, that sits between search, social media and shopping. People browse and save images, videos and collages known as Pins, organising them onto themed collections called boards. The company uses artificial intelligence and computer vision, drawing on signals it calls the Taste Graph, to recommend relevant content across surfaces such as the Home Feed, search results and related Pins.

The platform is free to users and earns money from advertising. Brands and retailers pay to place ads—formats include standard, video, shopping, carousel, collection and Idea ads—mostly bought through an auction and managed via the Ads Manager tool or an API. Advertisers span sectors including retail, packaged goods, financial services, technology, travel and motoring, and are served by an in-house sales team.

Pinterest reports 619 million monthly active users across more than 100 countries, about two-thirds of them women. It employs 5,265 people, is based in San Francisco and trades on the New York Stock Exchange as PINS.

Based on Pinterest, Inc.'s 10-K filed February 12, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($47.99) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($47.99) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

Pinterest, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Pinterest files

10-Q filed October 29: Pinterest

Pinterest's revenue reached $4.68bn in the twelve months to September 2026, a rise of 15.4% on the prior year. That pace has eased from the 16.6% growth recorded a quarter earlier. Free-cash-flow margin, meanwhile, held steady at 27.0%, showing no deterioration in cash generation even as growth cools. Operating margin tells a different story, narrowing to 4.2% from 6.9%, a sharper decline worth watching. On the capital structure side, the diluted share count has fallen 11.7% year on year. Buybacks of this scale help offset some of the margin pressure, since each remaining share now carries a larger claim on the business. Taken together, the figures point to a company still expanding but with profitability under more strain than before.

Our model value for Pinterest is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Pinterest stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.56bn, up 16.6% on a year earlier, about the same pace as a quarter earlier. That growth ranks 5 of 23 among the internet and data companies we cover. Free-cash-flow margin rose to 28.1% from 26.8% a year earlier. The diluted share count is down 7.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. At that price, our model says the market is pricing in about 23.4% a year of cash-flow growth for five years, faster than the 12.1% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 11, 2027 (estimated)

Pinterest, Inc.'s trailing-twelve-month revenue grew 15.4% year on year, with a free-cash-flow margin of 27.0%. Where it stands out: change in share count of -11.7% ranks 5 of 55 interactive media & services companies we cover. Where it lags: stock pay as % of revenue of 23.0% ranks 56 of 61 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$48 per share in the base case (~$36–$63 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 12.5% while net income fell 91.0%: a 104pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.4% over the last 12 months, against a median of 2.4% for interactive media & services companies we cover.
  • Strong cash generation. 27.0% of revenue turned into free cash flow, against a median of 8.9% for interactive media & services companies we cover.
  • Shrinking share count. Diluted shares fell 11.7% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.7bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.1% over 90 days.

Things to watch

  • Heavy stock-based pay. Stock pay equals 23.0% of revenue, against a median of 3.9% for interactive media & services companies we cover: a real cost that cash-flow figures leave out.
  • High earnings multiple. The shares trade at 70 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 0.9 against the S&P 500.
  • Insiders selling. 7 insiders sold $46M of stock over the past 365 days and none bought (97% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 71 days ranks 41 of 54 interactive media & services companies we cover (median 49 days).
  • Heavily shorted. 12.6% of the shares available to trade are sold short (3.3 days of average volume to cover).

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.46 against an average estimate of $0.49: missed by 5.2%
Revenue
$1.17bn, up 11.9% on a year earlier
Share reaction
-7.5% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $1,190m to $1,210m (Q3 2026); revenue growth year over year growth 13% to 15% (Q3 2026)
Next report
October 29, 2026; average EPS estimate $0.84

Pinterest's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.9%
  • 1 week-4.3%
  • 1 month+5.5%
  • This year-21.6%
  • 1 year-38.6%
  • 5 years-54.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.7B
Operating margin
4.2%
Net margin
3.8%
EPS (TTM, diluted)
$0.29

Growth

Revenue growth
+15.4%
Change in growth rate
−1.3 pts
Share count change
−11.7%

Cash

Free cash flow (TTM)
$1.3B
FCF margin
27.0%
Stock pay % of revenue
23.0%

Earnings

Last results
October 29, 2026
Next results (est.)
February 11, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Insider trade
  4. Insider trade
  5. Results
  6. Agreement
  7. Insider trade
  8. Insider trade
  9. Leadership
  10. Leadership
  11. Announcement
  12. Leadership
  13. Leadership
  14. Results
  15. Guidance
  16. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Pinterest, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($47.99) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Pinterest, Inc.'s free cash flow after stock-based pay ( $257M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Pinterest, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.15 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$48 ~$36–$63 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$23 ~$19–$41 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$6.5 ~$4.4–$9.6 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.5 ~$5.7–$7.5 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Pinterest, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$18.64$65.90$36.35$24.28$37.04$29.00$25.89$20.31
Market value$7.8bn$39.3bn$25.1bn$16.2bn$25.0bn$20.3bn$17.8bn$12.5bn
+ Net debt (− = net cash)−$650m−$669m−$1.4bn−$1.6bn−$1.4bn−$1.1bn−$969m$328m
Enterprise value$7.2bn$38.6bn$23.7bn$14.6bn$23.6bn$19.1bn$16.8bn$12.8bn
Multiples
Price / sales 6.9x23.2x9.8x5.8x8.2x5.6x4.2x2.7x
Price / earnings ——79.5x——10.9x42.7x70.0x
Price / free cash flow —n/m33.8x36.7x41.3x21.5x14.2x9.9x
EV / EBITDA ——67.1x——95.1x48.8x55.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

59 /100

Moderate moat

How hard Pinterest's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 28.9% of total assets over 7 years.

  • Pricing power 18 / 20

    Gross margin has been a median 77.9%, moving by 4.4 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 2.9%; its worst year was -128.1%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 6 of 8 years, at a median 23.7% of revenue.

  • Discipline 9 / 20

    The diluted share count fell 6.5% over five years; stock-based pay has been a median 21.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.02 +26% $4.9bn +16%
Next $2.39 +18% $5.5bn +13%

Next year's EPS estimate has moved +7.1% in 90 days, across 25 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.3% on 90 days ago. In the last 30 days, 1 analyst raised Pinterest, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Pinterest, Inc., last 90 days
$1.80 $2.00 $2.20 $2.40 $2.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.90 Current fiscal year, 60 days ago: $2.02 Current fiscal year, 30 days ago: $2.02 Current fiscal year, 7 days ago: $2.02 Current fiscal year, Now: $2.02 $2.02 Next fiscal year, 90 days ago: $2.23 Next fiscal year, 60 days ago: $2.40 Next fiscal year, 30 days ago: $2.40 Next fiscal year, 7 days ago: $2.39 Next fiscal year, Now: $2.39 $2.39

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.90$2.23
60 days ago $2.02$2.40
30 days ago $2.02$2.40
7 days ago $2.02$2.39
Now $2.02$2.39

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.49 $0.46 −5.2%
Jun 2026 $0.36 $0.43 +20.4%
Mar 2026 $0.22 $0.27 +24.7%
Dec 2025 $0.67 $0.67 −0.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • revenue Q3 2026 $1,190m to $1,210m
    “For Q3 2026, we expect revenue to be in the range of $1,190 million to $1,210 million, representing 13% - 15% growth year over year, which assumes a modest headwind from foreign exchange based on current spot rates.” source
  • revenue growth year over year Q3 2026 13% growth to 15% growth
    “For Q3 2026, we expect revenue to be in the range of $1,190 million to $1,210 million, representing 13% - 15% growth year over year, which assumes a modest headwind from foreign exchange based on current spot rates.” source
  • Adjusted EBITDA Q3 2026 $335m to $355m Non-GAAP
    “We expect Q3 2026 Adjusted EBITDA* to be in the range of $335 million to $355 million.” source

How earlier guidance turned out

  • revenue, Q3 2026 guided $1,190m to $1,210m Below range: $1,174m
  • revenue, Q2 2026 guided $1,133m to $1,153m Above range: $1,180m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Pinterest, Inc.'s revenue by +14.9% next year and +15.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.8%, weight 57%) , management guidance (+14.0%, weight 18%) and the company's own record (+16.0%, weight 25%) . How the weights are set.

Analyst recommendations

39 analysts, Oct 2026
Buy2051%
Hold1949%
Sell00%

Monthly trend

  1. Oct 2026181939
  2. Sep 2026171938
  3. Aug 2026172039
  4. Jul 2026172039

Counts of recommendations published by analysts covering Pinterest, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.6%
of tradable shares
Days to cover
3.3
at average volume
Short interest, 1 month
−21%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
5,116
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −38.6%

$33.10 on October 31, 2025 to $20.31

ThenNowEffect
Revenue (last 12 months) $3.9bn $4.6bn +16.6%
Net margin 49.3% 5.5% −88.9%
P/E multiple 12.0x 52.5x +338.2%
Share count 696m 643m +8.3%

Biggest factor: net margin.

Last 3 years −34.4%

$30.94 on November 3, 2023 to $20.31

ThenNowEffect
Revenue (last 12 months) $2.9bn $4.6bn +58.6%
P/S multiple 7.3x 2.9x −60.6%
Share count 675m 643m +5.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PINS−45%−33%+53%−22%−11%−22%
Industry peers (median)−25%−54%−6%−19%−13%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PINS25%42%67%42%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PINS−61%−53%−29%−37%−40%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 18, 2019: 83% from February 16, 2021 to February 13, 2026. Getting back needed a 478% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$15.42 – $33.70
From 52-week high
−39.7%
vs 50-day average
−1.3%
vs 200-day average
−1.8%
Volatility (1 year)
54%
Beta vs S&P 500
0.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±13.2%
After a week
4 up, 7 down
typical move ±13.0%
After a month
3 up, 8 down
typical move ±11.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −7.5% −2.1% — —
August 4, 2026 −3.3% +1.6% −1.7% −12.2%
May 4, 2026 +10.2% +0.4% +2.7% +2.2%
February 12, 2026 −19.2% −1.5% −6.9% −4.3%
November 4, 2025 −23.6% −0.8% −18.8% −19.2%
August 7, 2025 −10.2% +0.7% −7.0% −2.9%
May 8, 2025 +6.9% +0.6% +17.9% +24.9%
February 6, 2025 +20.1% −0.6% +17.4% −4.7%
November 7, 2024 −13.6% +1.2% −13.0% −2.1%
July 30, 2024 −14.5% +1.1% −22.8% −16.3%
April 30, 2024 +19.8% −1.9% +24.0% +22.5%
February 8, 2024 −9.7% +0.6% −10.4% −15.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Pinterest, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Pinterest, Inc.
$3B $3.5B $4B $4.5B $5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $3.1B Revenue (TTM), FY24 Q1: $3.2B Revenue (TTM), FY24 Q2: $3.3B Revenue (TTM), FY24 Q3: $3.5B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.8B Revenue (TTM), FY25 Q2: $3.9B Revenue (TTM), FY25 Q3: $4.1B Revenue (TTM), FY25 Q4: $4.2B Revenue (TTM), FY26 Q1: $4.4B Revenue (TTM), FY26 Q2: $4.6B Revenue (TTM), FY26 Q3: $4.7B $4.7B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $3.1B
FY24 Q1 $3.2B
FY24 Q2 $3.3B
FY24 Q3 $3.5B
FY24 Q4 $3.6B
FY25 Q1 $3.8B
FY25 Q2 $3.9B
FY25 Q3 $4.1B
FY25 Q4 $4.2B
FY26 Q1 $4.4B
FY26 Q2 $4.6B
FY26 Q3 $4.7B
Revenue growth, TTM YoY Pinterest, Inc.
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 9.0% Revenue growth, TTM YoY, FY24 Q1: 12.8% Revenue growth, TTM YoY, FY24 Q2: 16.2% Revenue growth, TTM YoY, FY24 Q3: 17.7% Revenue growth, TTM YoY, FY24 Q4: 19.3% Revenue growth, TTM YoY, FY25 Q1: 17.8% Revenue growth, TTM YoY, FY25 Q2: 17.0% Revenue growth, TTM YoY, FY25 Q3: 16.8% Revenue growth, TTM YoY, FY25 Q4: 15.8% Revenue growth, TTM YoY, FY26 Q1: 16.3% Revenue growth, TTM YoY, FY26 Q2: 16.6% Revenue growth, TTM YoY, FY26 Q3: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 9.0%
FY24 Q1 12.8%
FY24 Q2 16.2%
FY24 Q3 17.7%
FY24 Q4 19.3%
FY25 Q1 17.8%
FY25 Q2 17.0%
FY25 Q3 16.8%
FY25 Q4 15.8%
FY26 Q1 16.3%
FY26 Q2 16.6%
FY26 Q3 15.4%
Operating margin (TTM) Pinterest, Inc.
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -4.1% Operating margin (TTM), FY24 Q1: 2.0% Operating margin (TTM), FY24 Q2: 3.5% Operating margin (TTM), FY24 Q3: 3.3% Operating margin (TTM), FY24 Q4: 4.9% Operating margin (TTM), FY25 Q1: 5.3% Operating margin (TTM), FY25 Q2: 5.5% Operating margin (TTM), FY25 Q3: 6.9% Operating margin (TTM), FY25 Q4: 7.6% Operating margin (TTM), FY26 Q1: 6.3% Operating margin (TTM), FY26 Q2: 4.9% Operating margin (TTM), FY26 Q3: 4.2% 4.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -4.1%
FY24 Q1 2.0%
FY24 Q2 3.5%
FY24 Q3 3.3%
FY24 Q4 4.9%
FY25 Q1 5.3%
FY25 Q2 5.5%
FY25 Q3 6.9%
FY25 Q4 7.6%
FY26 Q1 6.3%
FY26 Q2 4.9%
FY26 Q3 4.2%
FCF margin (TTM) Pinterest, Inc.
15% 20% 25% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 19.8% FCF margin (TTM), FY24 Q1: 24.0% FCF margin (TTM), FY24 Q2: 24.2% FCF margin (TTM), FY24 Q3: 27.2% FCF margin (TTM), FY24 Q4: 25.8% FCF margin (TTM), FY25 Q1: 25.3% FCF margin (TTM), FY25 Q2: 26.8% FCF margin (TTM), FY25 Q3: 27.7% FCF margin (TTM), FY25 Q4: 29.7% FCF margin (TTM), FY26 Q1: 27.6% FCF margin (TTM), FY26 Q2: 28.1% FCF margin (TTM), FY26 Q3: 27.0% 27.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 19.8%
FY24 Q1 24.0%
FY24 Q2 24.2%
FY24 Q3 27.2%
FY24 Q4 25.8%
FY25 Q1 25.3%
FY25 Q2 26.8%
FY25 Q3 27.7%
FY25 Q4 29.7%
FY26 Q1 27.6%
FY26 Q2 28.1%
FY26 Q3 27.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Pinterest took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $4.2B
  2. Other income $126M · 3.0%
  3. Cost of revenue $842M · 19.9%
  4. Gross profit $3.4B · 80.1%
  5. Research and development $1.4B · 33.8%
  6. Selling, general and admin $1.6B · 38.7%
  7. Operating income $320M · 7.6%
  8. Income tax $29M · 0.7%
  9. Net income $417M · 9.9%

Shares of revenue. Source: Pinterest's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 473 756 1,143 1,693 2,578 2,803 3,055 3,646 4,222 4,680
Gross profit 294 514 784 1,243 2,049 2,124 2,366 2,896 3,380 3,696
EBITDA −122 −54 −1,361 −106 354 −55 −104 201 345 231
Operating income −138 −75 −1,389 −143 326 −102 −126 180 320 196
Net income −130 −63 −1,361 −128 316 −96 −36 1,862 417 178
Diluted EPS −$1.03 −$0.50 −$3.24 −$0.22 $0.46 −$0.14 −$0.05 $2.67 $0.61 $0.29
Growth (year on year)
Revenue — +59.9% +51.2% +48.1% +52.3% +8.7% +9.0% +19.3% +15.8% +15.4%
EBITDA — — — — — −115.6% — — +71.6% −24.5%
Operating income — — — — — −131.2% — — +77.9% −30.1%
Net income — — — — — −130.4% — — −77.6% −91.0%
Diluted EPS — — — — — −130.4% — — −77.2% −89.8%
Margins
Gross margin 62.2% 68.0% 68.6% 73.5% 79.5% 75.8% 77.5% 79.4% 80.1% 79.0%
EBITDA margin −25.8% −7.1% −119.1% −6.2% 13.7% −2.0% −3.4% 5.5% 8.2% 4.9%
Operating margin −29.2% −9.9% −121.5% −8.4% 12.7% −3.6% −4.1% 4.9% 7.6% 4.2%
Net margin −27.5% −8.3% −119.1% −7.6% 12.3% −3.4% −1.2% 51.1% 9.9% 3.8%
Free-cash-flow margin −30.5% −10.9% −2.9% 0.7% 28.9% 15.7% 19.8% 25.8% 29.7% 27.0%
Cash flow
Cash from operations −103 −60 1 29 753 469 613 965 1,284 1,328
Capital spending 41 22 34 17 9 29 8 25 32 66
Free cash flow −144 −83 −33 11 744 440 605 940 1,252 1,262
Stock-based pay 29 15 1,378 321 415 497 648 766 880 1,078
Free cash flow after stock pay −173 −97 −1,411 −310 328 −57 −43 174 371 184
Balance sheet
Cash 71 123 650 669 1,420 1,611 1,362 1,136 969 654
Total debt 0 0 0 0 0 0 0 0 0 982
Net debt (negative = net cash) −71 −123 −650 −669 −1,420 −1,611 −1,362 −1,136 −969 328
Diluted shares 127m 127m 420m 596m 692m 666m 675m 698m 688m 615m
Returned to shareholders
Buybacks — — — — 0 0 500 600 927 2,527
Total returned — — — — 0 0 500 600 927 2,527

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $5.0bn
Short-term assets $2.5bnLonger-term assets $2.4bn
What it owes, and who funded it · $5.0bn
Short-term liabilities $591mLonger-term liabilities $1.3bnShareholders' equity $3.1bn
  • Short-term assets cover short-term liabilities $2.5bn of assets due within a year against $591m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.5bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Pinterest, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$2.5B
Returned to shareholders
200%
of free cash flow
Buybacks, last 3 fiscal years
$2B
Diluted share count
−11.7%
year over year
Total shareholder yield
21.4%
dividends 0.0% + buybacks 21.4% of market value
R&D spending
34.7%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated PINS TME BILI MTCH SNAP RDDT Median
Revenue, last 12 months $4.7bn $4.6bn $4.2bn $3.5bn $6.4bn $3.1bn $615m
Revenue growth, last 12 months 15.4% 16.0% 13.2% 0.5% 12.6% 62.2% 2.4%
Revenue growth, 3-year average 16.6% — — 2.0% 12.3% — 5.0%
Revenue growth, latest quarter 11.9% — — −2.5% 18.9% 53.0% 2.4%
Gross margin 79.0% 44.2% 36.6% 75.8% 57.3% 91.5% 60.4%
Operating margin 4.2% 40.6% 3.7% 29.7% −5.1% 29.4% 0.3%
Operating margin, 3-year average 4.8% 22.4% −12.8% 25.9% −13.7% −3.7% −0.4%
Net margin 3.8% 33.6% 3.9% 20.7% −4.9% 32.1% 3.8%
Cash from operations / revenue 28.4% 31.1% 23.6% 34.7% 14.5% 39.0% 11.4%
Free-cash-flow margin 27.0% 30.2% 21.9% 32.7% 11.1% 38.8% 7.5%
Free-cash-flow margin, 3-year average 27.3% 22.8% 5.4% 28.7% 6.1% 25.0% 7.2%
Stock pay / revenue 23.0% 2.0% 3.9% 6.9% 16.2% 12.5% 3.7%
Change in share count −11.7% −0.7% 38.7% −6.9% 0.6% 7.0% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth 15.4% 2.4% 20 of 63
Change in growth rate Growth -1.3pp -0.2pp 37 of 63
Gross margin Profitability 79.0% 60.9% 14 of 54
Operating margin Profitability 4.2% 0.3% 26 of 63
Net margin Profitability 3.8% 3.8% 32 of 63
Free-cash-flow margin Cash generation 27.0% 8.9% 11 of 59
Stock pay as % of revenue Cash generation 23.0% 3.9% 56 of 61
Change in share count Balance sheet -11.7% 1.7% 5 of 55
Days sales outstanding Balance sheet 71 days 49 days 41 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
United States and Canada $3.1B ▲ 11.4%
United States $2.9B ▲ 11.5%
Europe $779M ▲ 29.6%
Rest of World $390M ▲ 27.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Pinterest, Inc.'s 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$10.8B
Institutions reporting
671
Shares held vs prior quarter
▼ 2.9%
Positions opened / closed
108 / 133

Top buyers and sellers, Q2 2026: 298 institutions bought and 405 sold ; the biggest buyer was Ameriprise Financial Inc (+26.3M shares) and the biggest seller Goldman Sachs Group Inc (−33.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $997M 47.4M 9.2% ▼ 26.1%
Ameriprise Financial Inc $945M 44.9M 8.7% ▲ 141.4%
Elliott Investment Management L.P. $589M 28.0M 5.4% 0.0%
UBS Group AG $504M 24.0M 4.7% ▲ 49.7%
Victory Capital Management Inc $456M 21.7M 4.2% ▼ 5.2%
Vanguard Capital Management LLC $425M 20.2M 3.9% ▼ 20.2%
Vanguard Portfolio Management LLC $415M 19.7M 3.8% ▼ 32.9%
Goldman Sachs Group Inc $385M 18.3M 3.6% ▼ 64.7%
State Street Corp $322M 15.3M 3.0% ▼ 28.9%
Davis Selected Advisers $264M 12.6M 2.4% ▲ 1.4%
Norges Bank $259M 12.3M 2.4% —
Citadel Advisors LLC $237M 11.3M 2.2% ▲ 254.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Pinterest, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $46.1M 62 trades by 7 insiders · 97% under pre-set plans
Net ▼ $46.1M net selling
Insider Date Trade Shares Price Value
Silbermann Benjamin Director October 21, 2026 Sell pre-set plan 46,875 $22.94 $1.1M
Rajaram Gokul Director October 21, 2026 Sell pre-set plan 1,050 $22.84 $23,982
Silbermann Benjamin Director October 20, 2026 Sell pre-set plan 46,875 $22.56 $1.1M
Silbermann Benjamin Director October 14, 2026 Sell pre-set plan 46,875 $22.02 $1M
Silbermann Benjamin Director October 13, 2026 Sell pre-set plan 46,875 $21.56 $1M
Silbermann Benjamin Director October 7, 2026 Sell pre-set plan 46,875 $20.07 $940,791
Silbermann Benjamin Director October 6, 2026 Sell pre-set plan 46,875 $19.66 $921,600
Brown Claude Leonard Chief Business Officer October 5, 2026 Sell pre-set plan 12,240 $20.00 $244,861
Rajaram Gokul Director October 5, 2026 Sell pre-set plan 1,050 $20.00 $21,000
Silbermann Benjamin Director September 30, 2026 Sell pre-set plan 46,875 $18.72 $877,617
Silbermann Benjamin Director September 29, 2026 Sell pre-set plan 46,875 $18.33 $859,388
Brau Donnelly Julia Chief Financial Officer September 24, 2026 Sell pre-set plan 29,548 $18.61 $549,841

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 15 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 5 sales of Pinterest, Inc. shares.

  • Christian D. Menefee(D-TX 18):Sale (full), $15,001 - $50,000, traded August 7, 2026, filed August 7, 2026
  • Christian D. Menefee(D-TX 18):Sale (full), $15,001 - $50,000, traded June 11, 2026 (as filed, after the report date), filed June 1, 2026
  • Christian D. Menefee(D-TX 18):Sale (full), $15,001 - $50,000, traded May 28, 2026, filed June 1, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 11, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • August 4, 2026
  • May 4, 2026
  • February 12, 2026
  • November 4, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Pinterest, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Pinterest, Inc. in brief

What does Pinterest, Inc. do?
Pinterest, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Pinterest, Inc.'s stock ticker?
Pinterest, Inc. trades under the ticker PINS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Pinterest, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Pinterest, Inc. reported revenue of $4.7B, 15.4% higher than a year earlier, according to its SEC filings.
What is Pinterest, Inc.'s free cash flow?
Pinterest, Inc.'s free-cash-flow margin is 27.0% of revenue over the trailing twelve months, ranking 11 of the 59 interactive media & services companies we cover.
Who are Pinterest, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Ameriprise Financial Inc and Elliott Investment Management L.P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Pinterest, Inc. buying back stock, and does it pay a dividend?
Pinterest, Inc. spent $2.5B on share repurchases over the trailing twelve months, and its diluted share count fell 11.7% over the year.
What is Pinterest, Inc.'s market cap?
On November 2, 2026, Pinterest, Inc.'s market capitalisation was about $12.5B, with a price-to-earnings ratio of 70.0 and net debt of $328M. Market figures come from third-party market data and may be delayed.
Who are Pinterest, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Pinterest, Inc. are Tencent Music Entertainment Group, Bilibili Inc., Match Group, Inc., Snap Inc and Reddit, Inc. The side-by-side comparison below sets their revenue, margins and growth against Pinterest, Inc.'s.
Are insiders buying or selling Pinterest, Inc. stock?
Over the last 12 months, Pinterest, Inc.'s directors and officers reported 0 open-market purchases and 62 sales on Form 4. The insider trading page charts every trade.
When is Pinterest, Inc.'s next earnings date?
Around February 11, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Pinterest, Inc. announces its own schedule.