Pershing Square Holdings, Ltd.

LSE:PSHD.LFinancial Services

——At close · Market cap —

PSHD.L · Income statement · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	2.8	1.2	1.6	3.1	1.7	1.7	+3.8%
Cost of revenue	0.8	0.6	0.2	0.5	0.4	0.7	+76.7%
Gross profit	1.9	0.6	1.4	2.6	1.7	1.0	−39.7%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.8	0.6	0.2	0.5	0.4	0.0	−100.0%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	0.8	0.6	0.2	0.5	0.4	(1.8)	−523.5%
Operating income	4.1	2.6	(1.1)	2.7	1.2	2.8	+128.6%
Interest expense	0.0	0.0	0.0	0.0	0.1	0.1	+36.6%
Interest income	0.0	0.0	0.0	0.0	0.0	0.2	—
Other income / expense	(0.1)	(0.1)	(0.1)	(0.1)	(0.0)	(0.2)	−362.6%
Pre-tax income	4.0	2.5	(1.2)	2.6	1.2	2.6	+120.0%
Income tax	0.1	0.1	(0.0)	0.1	0.0	0.0	+124.6%
Net income	3.8	2.4	(1.2)	2.5	1.2	2.6	+119.9%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	(0.1)	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	18.76	12.03	(4.84)	13.48	6.38	14.39	+125.5%
EPS, diluted (per share)	18.76	12.03	(4.84)	13.48	6.38	14.39	+125.5%
EBITDA	4.1	2.6	(1.1)	2.7	1.3	2.7	+114.9%
Depreciation & amortization	0.0	0.0	0.0	0.0	0.0	0.0	−100.0%
Weighted average shares (shares)	269,519,942	269,171,609	237,663,749	188,818,798	184,022,651	241,674,393	+31.3%
Weighted average diluted shares (shares)	269,519,942	269,171,609	237,663,749	188,818,791	184,022,639	241,674,393	+31.3%
Gross margin	69.3%	48.4%	90.0%	84.3%	100.0%	58.1%	−41.9 pts
Operating margin	148.3%	225.3%	−71.4%	84.6%	74.2%	163.3%	+89.1 pts
Net margin	137.9%	205.1%	−73.3%	79.1%	70.7%	149.7%	+79.0 pts

USD billionsUpdated 31 Dec 2025 ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.