Pearson holds guidance as operating profit jumps 14%

(Sharecast News) - Educational publisher Pearson on Friday said it remained on track to meet its 2026 guidance, driven by strong growth in its virtual learning division and rising demand for its artificial intelligence-powered study tools in the US.

Underlying group revenue rose 4% in the first half to �1.78bn, while adjusted operating profit increased 14% to �276m, with last year's result affected by an �87m product development impairment charge "arising from a strategic platform convergence".

"This convergence is expected to deliver ongoing operational improvements and results in a c.�15m per annum adjusted operating profit improvement, on average, over the next six years in Higher Education." Pearson said.

The company added that its virtual learning division delivered a 19% rise in revenue, reflecting continued expansion in online teaching services and technology. Assessment and qualifications also performed well, and demand for US courseware was described as solid.

Higher Education revenue grew 2%, driven by a solid performance in core US Courseware and a return to growth in K12. This was partially offset by a decline in International Higher Education due to challenging trading conditions in mature markets. Inclusive Access growth increased to 20% and now represents 50% of the core US Courseware business.

Pearson reiterated its 2026 financial guidance, which includes midsingledigit underlying revenue growth and adjusted operating profit of �640m-�685m.

Reporting by Frank Prenesti for Sharecast.com