- Following on from a difficult 2020, Pearson Education’s annual revenue for FY 2021 was $4.71 billion, an annual increase of 8.06%, making Pearson Education the largest publishing company in the United States.
- Since peaking in 2017 at $5.82 billion, Pearson’s revenue dropped annually until 2021’s increase to $4.71 billion.
- Pearson’s revenue for fiscal years 2017 through to 2021 was recorded at an average of $5.07 billion.
- When compared alongside other academic publishers, Pearson boasts 40% of the market share within the United States.
- Pearson achieved the most sales in the Assessment & qualifications segment during 2021 at $1.66 billion, comparatively to the previous 3 years.
- For the segment of virtual learning, Pearson’s sales grew year-on-year, from $695 million in 2018 to $980 million as of 2021.
- For 2018 – 2021, Pearson’s sales by segment show that assessment and qualifications account for 32.10% of Pearson’s sales. This is followed by:
- Higher education at 27.64%
- Virtual learning at 16.95%
- Strategic review at 11.31%
- English language learning at 7.32%
- Workforce skills at 4.68%
- As of FY 2021, Pearson Education recorded a gross profit of $2.31 billion, a 10.46% increase on the previous year.
- From 2017 to 2021, Pearson Education recorded its largest gross profit in 2017 at $3.15 billion.
Pearson Education revenue statistics
- As of FY 2021, Pearson Education’s annual revenue was $4.71 billion, showing an annual increase of 8.06%.
- Since peaking in 2017 at $5.82 billion, Pearson’s revenue continued to decline yearly until 2021’s rise to $4.71 billion.
- Pearson’s revenue for fiscal years 2017 through to 2021 averaged $5.07 billion.
- As of 2021, Pearson’s revenue was at its lowest point during the last previous 5 years at the end of 2020, dipping to $4.36 billion, representing a -11.70% change for that fiscal year.
- From 2017 to 2021, Pearson Education’s revenue showed an 18.95% decrease in total.
- Despite operating in more than 70 countries, Pearson still generates around 60% of sales in the North America region.
- Pearson also accounts for around 5.1% of total industry revenue in Testing & Educational Support.
Year | Annual revenue ($ million) | Change |
2021 | $4,714 | 8.06% |
2020 | $4,362 | -11.70% |
2019 | $4,940 | -10.36% |
2018 | $5,511 | -5.24% |
2017 | $5,816 | – |
A graphical representation of Pearson’s annual revenue is presented on the chart below:
Pearson sales by operating segment
- Pearson achieved the most sales in the Assessment & qualifications segment during 2021 at $1.66 billion, when compared to the previous 3 years.
- For the segment of virtual learning, Pearson’s sales have been growing year-on-year, from $695 million in 2018 to $980 million in 2021.
- Sales in the English language learning segment peaked in 2018 at $414 million before dipping and resuming growth in 2021 at $327 million.
- The workforce skills segment peaked at $236 million in 2019 before dropping and eventually increasing to $237 million in 2021.
- Higher education and strategic review sales have declined yearly.
- Higher education: from $1.60 billion in 2018 to $1.17 billion in 2021.
- Strategic review: from $986 million in 2018 to $347 million in 2021.
Below is a table representation of Pearson’s sales by operating segment ($ million) converted from pounds:
Segment | 2018 | 2019 | 2020 | 2021 |
Assessment & qualifications | $1,588 | $1,634 | $1,389 | $1,656 |
Virtual learning | $695 | $746 | $889 | $980 |
English language learning | $414 | $409 | $280 | $327 |
Workforce skills | $232 | $236 | $209 | $237 |
Higher education | $1,595 | $1,407 | $1,228 | $1,167 |
Strategic review | $986 | $508 | $367 | $347 |
Total | $5,511 | $4,940 | $4,362 | $4,714 |
Below is a graphical representation of Pearson’s sales by operating segment:
Pearson Education gross profit statistics
- As of the 2021 fiscal year, Pearson Education recorded a gross profit of $2.31 billion, a 10.46% increase on the previous financial year.
- From 2017 to 2021, Pearson Education recorded its largest gross profit in 2017 at $3.15 billion.
- Since then, figures continued to drop yearly until finally achieving + $219 million over the 2020’s $2.31 billion in 2021.
- For the years given, the average gross profit for Pearson Education was $2.61 billion.
- The overall percentage change from 2017 through to 2021 was -26.7%.
Year | Gross profit ($ million) | Change |
2021 | 2,312 | 10.46% |
2020 | 2,093 | -18.49% |
2019 | 2,568 | -11.99% |
2018 | 2,918 | -7.48% |
2017 | 3,154 | – |
A graphical representation of Pearson’s gross profit from 2017 – 2021:
Pearson Education employment statistics
- In 2021, Pearson exceeded their succession planning objectives with 72% of succession plans including a woman (goal >50%) and 24% including a person of color (goal >20%).
- For 2021 and 2020, on average Pearson employed 55.3% of its workforce from the U.S. This was followed by the UK at 16% and the Asia Pacific region at 13.2%.
- People employed in countries outside of the UK & Europe, North America or the Asia Pacific region dropped 34.42% from 2,109 to 1,383 on average.
- Pearson was ranked #19 in Stonewall’s Workplace Equality Index 2022.
- The index was based on lesbian, gay, bisexual, and transgender people inclusion across workplaces, services, and communities.
- Pearson Education was recognized as a Best Place to Work for Disability Inclusion in the US by Disability:IN.
Pearson Education average employees per location:
Location | FY 2020 | FY 2021 |
UK | 3,304 | 3,395 |
Other European | 886 | 878 |
US | 11,432 | 11,757 |
Canada | 648 | 593 |
Asia Pacific | 2,812 | 2,738 |
Rest of world | 2,109 | 1,383 |
Total | 21,191 | 20,744 |
A graphical representation of Pearson’s average employees is given below:
Pearson Education FAQ
Does Pearson Education have an English examination test?
- The company offers the renowned Pearson Test of English, used by more than 3,000 institutions.
Where do Pearson provide English solutions to?
- Pearson provides English solutions to 163 different countries through different educational establishments.
Does Pearson have a plan to reduce its carbon footprint?
- Pearson is committed to reducing its carbon footprint by reducing printed copies and increasing digital units.
- Print units have decreased from 21 million in 2010 to just 2 million in 2021.
- Meanwhile, digital units have almost doubled in the same period, from 5.5 million units to 9.7 million units.
What is Pearson+?
- Pearson+ is an eTextbook platform subscription service designed for students
- The service boasts 2.75 million users, 133,000 subscriptions and 1,600+ titles as of 2021.