Pinterest, Inc. income statement
In fiscal 2025, Pinterest, Inc. reported revenue of $4.22bn, up 15.8% on the year before, operating income of $320m (a 7.6% margin) and net income of $417m, or $0.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 473 | 756 | 1,143 | 1,693 | 2,578 | 2,803 | 3,055 | 3,646 | 4,222 | 4,680 |
| Cost of revenue | 179 | 242 | 359 | 449 | 529 | 679 | 689 | 750 | 842 | 984 |
| Gross profit | 294 | 514 | 784 | 1,243 | 2,049 | 2,124 | 2,366 | 2,896 | 3,380 | 3,696 |
| Research and development | 208 | 252 | 1,207 | 606 | 780 | 949 | 1,068 | 1,241 | 1,427 | 1,625 |
| Selling and marketing | 163 | 260 | 612 | 443 | 641 | 933 | 911 | 1,012 | 1,167 | 1,332 |
| General and administrative | 62 | 77 | 354 | 337 | 301 | 344 | 512 | 464 | 466 | 478 |
| Operating income | −138 | −75 | −1,389 | −143 | 326 | −102 | −126 | 180 | 320 | 196 |
| Income before tax | −130 | −63 | −1,361 | −127 | 321 | −86 | −16 | 288 | 446 | 250 |
| Income tax | 0 | 0 | 1 | 1 | 5 | 10 | 19 | −1,575 | 29 | 72 |
| 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 |
| Diluted shares (average) | 127m | 127m | 420m | 596m | 692m | 666m | 675m | 698m | 688m | 615m |
| EBITDA | −122 | −54 | −1,361 | −106 | 354 | −55 | −104 | 201 | 345 | 231 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,154 | 855 | 998 | 1,049 | 1,319 | 1,008 | 1,180 | 1,174 |
| Cost of revenue | 197 | 199 | 203 | 212 | 227 | 239 | 257 | 262 |
| Gross profit | 957 | 656 | 795 | 837 | 1,092 | 769 | 922 | 912 |
| Research and development | 321 | 332 | 360 | 371 | 365 | 381 | 451 | 428 |
| Selling and marketing | 271 | 254 | 313 | 297 | 303 | 318 | 374 | 337 |
| General and administrative | 104 | 106 | 127 | 110 | 123 | 104 | 138 | 113 |
| Operating income | 262 | −35 | −4 | 59 | 301 | −80 | −55 | 30 |
| Income before tax | 277 | −4 | 35 | 87 | 328 | −64 | −49 | 35 |
| Income tax | −1,571 | −13 | −4 | −5 | 51 | 10 | −2 | 14 |
| Net income | 1,847 | 9 | 39 | 92 | 277 | −74 | −47 | 22 |
| Diluted EPS | $2.65 | $0.01 | $0.06 | $0.13 | $0.41 | −$0.12 | −$0.08 | $0.04 |
| EBITDA | 268 | −30 | 2 | 66 | 307 | −71 | −43 | 38 |
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