Pershing Square Holdings, Ltd.

LSE:PSHD.LFinancial Services

——At close · Market cap —

PSHD.L · Cash flow · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Net income	3.8	2.4	(1.2)	2.5	1.2	2.6	+119.9%
Depreciation & amortization	0.0	0.0	0.0	0.0	0.0	0.0	−100.0%
Stock-based compensation	0.0	0.0	0.0	0.0	0.0	0.0	—
Change in working capital	0.5	0.8	(1.0)	0.3	0.1	0.2	+72.9%
Operating cash flow	4.4	3.2	(2.2)	1.1	(1.3)	2.9	+328.9%
Capital expenditure	0.0	0.0	0.0	0.0	0.0	0.0	—
Acquisitions	0.0	0.0	0.0	0.0	0.0	0.0	—
Investing cash flow	(4.1)	(4.1)	2.5	(1.7)	(2.1)	(2.9)	−36.5%
Dividends paid	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	0.0	+100.0%
Share buybacks	(0.3)	(0.0)	(0.3)	(0.2)	(0.1)	(0.4)	−217.1%
Debt issued / repaid	0.7	0.9	(0.6)	0.0	0.0	1.3	—
Financing cash flow	0.3	0.8	(1.0)	(0.3)	(0.2)	0.8	+431.2%
Free cash flow	4.4	3.2	(2.2)	1.1	(1.3)	2.9	+328.9%
Net change in cash	0.7	(0.1)	(0.6)	0.8	(1.5)	0.7	+147.4%

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.