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Pinterest, Inc.

PINS Communication Services Internet Content & Information

Pinterest, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 15.8% from fiscal 2024.

Revenue
+11.9%
EPS
−72.9%
Free cash flow
−5.70%

Quarter to September 2026, against a year earlier

19.70 1.52 −7.16%
Market cap
$11.4B
P/E
79.5×
Fwd P/E
49.6×
Dividend yield
—
F-score
6/9
Altman Z
15.70
Beneish M
−3.51
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Sold, $m 45.90
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 1 1 1 1 4 7 4 6 7 6 1
Insider Ownership 13.40%

Capital & Financial Ratios $m

Size
Market Cap 11,350.00
Revenue ttm 4,680.44
Net income ttm 178.33
Free cash flow ttm 1,262.25
Net debt Q (487.93)
Valuation
P/E 79.47 (above 35: high)
Forward P/E 49.60 (above 35: high)
Price / sales 2.39
Forward P/S Powerpack
Price / FCF 8.85
Price / book 3.60
Financial health
Current ratio Q 4.28 (at or above 1.5: strong)
Debt / equity Q 0.32 (at or below 0.5: strong)
Interest coverage Q 1.30
Growth
Revenue growth Q +11.89% (above 0%: growing)
Operating income growth Q −48.15% (below 0%: shrinking)
EPS, this year +22.46% (at or above 15%: strong)
EPS, next year A +15.96% (at or above 15%: strong)
Revenue, next year A +14.62% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +18.35% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.3×, against a ten-year median of 5.7×; over the ten years it ranged from 2.2× in 2026 to 29.4× in 2020.
P/E against its own 10 years 64.22%
10-year low 10-year high
P/S against its own 10 years 0.95%
10-year low 10-year high
P/B against its own 10 years 4.38%
10-year low 10-year high
EV/Sales against its own 10 years 1.37%
10-year low 10-year high
EV/FCF against its own 10 years 3.07%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,511 2,513 2,467 1,470
Receivables 763 893 998 917
Inventory — — — —
Other — — — —
3,339 3,485 3,556 2,532
2023 2024 2025 Q'26
Payables 79 84 130 154
ST’ Debt — — — —
Other — — — —
317 398 465 591

Compound Annual Growth %

10y 5y 3y
Sales — 20.06% 14.63%
Cash Flow — 113.68% 39.88%
Earnings — 0.00% 0.00%
Book Value — 16.17% 13.08%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.50 Actual 0.46

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.66 0.67 Beat by 0.01
Q1 FY26 0.22 0.27 Beat by 0.05
Q2 FY26 0.36 0.43 Beat by 0.07
Q3 FY26 0.50 0.46 Miss by 0.04
Q4 FY26 0.83 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.12) (0.08) 0.04 — —
’25 0.01 0.06 0.13 0.41 0.61
’24 (0.04) 0.01 0.04 2.68 2.67
’23 (0.31) (0.05) 0.01 0.29 (0.05)
’22 (0.01) (0.07) (0.10) 0.03 (0.14)
’21 (0.03) 0.10 0.14 0.25 0.46
’20 (0.25) (0.17) (0.16) 0.30 (0.22)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,008 1,180 1,174 — —
’25 855 998 1,049 1,319 4,222
’24 740 854 898 1,154 3,646
’23 603 708 763 981 3,055
’22 575 666 685 877 2,803
’21 485 613 633 847 2,578
’20 272 272 443 706 1,693
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 328 293 316 — —
’25 364 208 322 391 1,284
’24 356 106 248 254 965
’23 183 63 109 258 613
’22 213 120 77 58 469
’21 271 105 166 212 753
’20 57 (37) (93) 101 29
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 312 270 300 — —
’25 356 197 318 380 1,252
’24 344 102 244 250 940
’23 181 62 108 254 605
’22 206 107 69 57 440
’21 269 103 164 208 744
’20 50 (41) (95) 97 11
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 21.0% a year for ten years.

Implied
21.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 473 756 1,143 1,693 2,578 2,803 3,055 3,646 4,222 4,680 +31.5% 4,839 5,466 6,100 +13.1%
Gross margin, % — 62.22 68.04 68.59 73.45 79.47 75.79 77.46 79.42 80.07 78.97 +17.8 pt
EBT — (130) (63) (1,361) (127) 321 (86) (16) 288 446 250 n/m
EBT margin, % — (27.44) (8.28) (119.08) (7.50) 12.45 (3.07) (0.54) 7.89 10.56 5.35 +38.0 pt
Net income — (130) (63) (1,361) (128) 316 (96) (36) 1,862 417 178 n/m
Per share, $
Per share, $ Revenue — 3.74 5.95 2.72 2.84 4.03 4.21 4.53 5.37 6.26 8.25 +6.7%
Earnings — (1.03) (0.50) (3.24) (0.22) 0.49 (0.14) (0.05) 2.74 0.62 0.25 n/m
Cash flow — (0.81) (0.47) 0.00 0.05 1.18 0.70 0.91 1.42 1.90 2.34 n/m
Capex — (0.33) (0.17) (0.08) (0.03) (0.01) (0.04) (0.01) (0.04) (0.05) (0.12) (21.3%)
Free cash flow — (1.14) (0.65) (0.08) 0.02 1.16 0.66 0.90 1.38 1.86 2.23 n/m
Book value — 0.00 6.85 4.81 3.76 4.75 4.93 4.58 7.00 7.03 5.47 n/m
Shares, m — 127 127 420 596 640 666 675 679 675 610 +23.3%
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 72.70 0.00 0.00 10.51 41.76 79.47 13.9
P/S — 3.76 3.76 6.86 23.21 9.02 5.44 8.00 5.40 4.14 2.39 7.7
P/B — 0.00 0.00 3.87 17.52 7.66 4.64 7.90 4.14 3.68 3.60 5.5
EV/Sales — 3.18 3.18 5.51 22.26 8.14 4.54 7.23 4.76 3.59 2.28 6.9
EV/FCF — (44.96) (44.96) (190.10) 3,297.37 28.22 28.89 36.52 18.45 12.12 8.47 349.1
Cash, $m
Cash, $m Operating cash flow — (103) (60) 1 29 753 469 613 965 1,284 1,328 n/m
Capex — (41) (22) (34) (17) (9) (29) (8) (25) (32) (66) (3.0%)
Free cash flow — (144) (83) (33) 11 744 440 605 940 1,252 1,262 n/m
Balance, $m
Balance, $m Working capital — 807 781 1,891 2,153 2,922 3,074 3,021 3,087 3,090 1,941 +18.3%
Net debt — (712) (628) (1,713) (1,760) (2,480) (2,698) (2,511) (2,513) (2,467) (488) +16.8%
Shareholders’ equity — — 871 2,024 2,242 3,039 3,282 3,091 4,751 4,745 3,104 +27.4%
Returns, %
Returns, % ROA — (10.81) (10.93) (76.78) (5.13) 10.30 (2.60) (0.96) 41.67 7.69 3.41 +18.5 pt
ROIC — 0.00 (19.22) (279.69) (18.48) 36.49 (10.89) (13.55) 5.02 8.78 4.68 +8.8 pt
ROE — 22.79 11.04 (190.52) (6.02) 11.98 (3.04) (1.12) 47.49 8.78 4.50 (14.0) pt
People
People Employees — — 1,797 2,217 2,545 3,225 3,987 4,014 4,666 5,265 — +16.6%
Revenue/emp, $m — 0.00 0.42 0.52 0.67 0.80 0.70 0.76 0.78 0.80 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Pinterest is a visual search and discovery platform where people find ideas, save them and explore products. It is available through a mobile app and on the web. The company is headquartered in San Francisco, and Bill Ready is its chief executive officer.

People browse content called Pins, which can include images, videos, collages and product listings. They can search for an idea, tap a Pin to see related content, or save Pins to virtual boards organized around a topic. Someone planning a room, for example, can collect ideas and explore products as their preferences take shape.

Pinterest, Inc. vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BIDU Baidu, Inc. $22.0B — (loss-making) 15.7× +1.09% (above 0%: growing) −69.18% (below 0%: shrinking) −128.87% (below 0%: shrinking) 39.03% 9.66% Compare
RDDT Reddit Inc. $18.1B 18.2× 16.6× +53.01% (above 0%: growing) +69.06% (above 0%: growing) +98.02% (above 0%: growing) 91.53% 29.23% Compare
PINS Pinterest, Inc. $11.4B 79.5× 49.6× +11.89% (above 0%: growing) −72.93% (below 0%: shrinking) −5.70% (below 0%: shrinking) 77.72% 2.58%
MTCH Match Group Inc. $8.9B 12.7× 14.8× −2.52% (below 0%: shrinking) +13.45% (above 0%: growing) −0.54% (below 0%: shrinking) 76.83% 30.13% Compare
SNAP Snap Inc. $8.6B — (loss-making) — (loss-making) +14.31% (above 0%: growing) n/m +75.99% (above 0%: growing) 62.30% 4.45% Compare
BZ KANZHUN LIMITED Sponsored ADR $7.1B 12.2× 10.9× +20.45% (above 0%: growing) +186.36% (above 0%: growing) −2.73% (below 0%: shrinking) 86.97% 35.99% Compare
ZG Zillow Group, Inc. $6.9B — (loss-making) 61.2× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
Z Zillow Group, Inc. $6.8B — (loss-making) 139× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
TME Tencent Music Entertainment Group Sponsored ADR $6.0B 11.4× 9.8× +11.80% (above 0%: growing) +4.55% (above 0%: growing) +83.69% (above 0%: growing) 44.19% 29.69% Compare
Median of peers $7.8B 12.5× 15.7× +9.45% +13.45% +79.54% 71.27% 19.45%

All 68 Internet Content & Information stocks →

From the latest earnings call

Updated

  • On Pinterest’s third-quarter call, Bill Ready said the regulatory impact in Europe was greater than the company had anticipated.
  • Ready said the cross-border advertising shortfall grew in the later weeks of the quarter and he did not expect the spending to return for the holidays.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
KeyBanc Oct 30, 2026 Reiterated Outperform —
Citi Oct 30, 2026 Reiterated Hold —
Mizuho Oct 30, 2026 Target cut — 32.00 → 25.00
Barclays Oct 30, 2026 Target cut — 31.00 → 24.00
Wells Fargo Oct 30, 2026 Target cut — 31.00 → 23.00
UBS Oct 30, 2026 Target cut Buy 33.00 → 32.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 90.50%
Held by the ten largest 47.80%
Holder Shares Stake Change
BlackRock 47.41m 8.37% −16.71m
Ameriprise (Columbia Threadneedle) 44.95m 7.94% +26.33m
Vanguard 44.81m 7.91% −15.43m
Elliott Investment Management L.P. 28.00m 4.94% 0.00
UBS 25.34m 4.47% +6.13m
Victory Capital 21.68m 3.83% −1.20m
Goldman Sachs 18.33m 3.24% −33.56m
State Street 15.32m 2.70% −6.21m
Davis Selected Advisers 12.57m 2.22% +174.62k
Norges Bank 12.29m 2.17% +12.29m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 8 April 2026

Ownership

Directors and executive officers, together 35.75% of the votes
Benjamin Silbermann 35.33% of the votes
Paul Sciarra 31.19% of the votes
The Vanguard Group 2.88% of the votes
BlackRock, Inc. 2.85% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Pinterest, Inc. (PINS) Latest News

2 Nov

Impact 3 · · The Motley Fool
Impact 3 · · mediapost.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · StockStory

30 Oct

Impact 4 · · InvestorsHub
Impact 4 · · Stocktwits
Impact 3 · · MarketBeat transcript
Impact 3 · · TIKR
Impact 3 · · TIKR
Impact 3 · · Simply Wall St.
Impact 3 · · Proactive Investors
Impact 3 · · TIKR
Impact 3 · · Moby transcript

29 Oct

Impact 4 · · socialmediatoday.com
Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · TIKR

28 Oct

Impact 4 · · TIKR
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · StockStory

27 Oct

Impact 4 · · TIKR

26 Oct

Impact 4 · · TIKR
Impact 4 · · Trefis
Impact 4 · · marketingdive.com
Impact 4 · · mediapost.com
Impact 3 · · Zacks

PINS metrics, ten years each

stockrow.com/PINS · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com