Pearson narrows its profit range and reshapes its assessment business
Pearson ($PSON) reported underlying revenue growth of 6% in the third quarter of 2026 and 5% across the first nine months. It narrowed its full-year 2026 adjusted operating-profit range to £650–675 million from £640–685 million, while retaining mid-single-digit underlying revenue growth and 90–100% free cash flow conversion targets. Assessment and Qualifications grew 10% in the quarter and Virtual Learning expanded 13%, although English Language Learning declined 5%. The company completed its ac