PEARSON PLC
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 13, 2026
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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 13, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
20-F
(Mark One)
| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
or
for the fiscal year ended December 31,2025
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
for the transition period from to
or
| ☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
Date of event requiring this shell company report
Commission file number
1-16055
PEARSON PLC
(Exact name of Registrant as specified in its charter)
England and Wales
(Jurisdiction of incorporation or organization)
80 Strand
London, England WC2R 0RL
(Address of principal executive offices)
Graeme Baldwin
Telephone: +4420 7010 2000
Email address: companysecretary@pearson.com
80 Strand
London, England WC2R 0RL
(Name, Telephone,
and/or Facsimile Number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| Title of Class | Trading Symbol | Name of Each Exchange on Which Registered |
|---|---|---|
| *Ordinary Shares, 25p par value | PSO | New York Stock Exchange |
| American Depositary Shares, each | New York Stock Exchange | |
| Representing One Ordinary Share, 25p per Ordinary Share | ||
| * | Not for trading, but only in connection with the registration of American Depositary Shares, pursuant to the requirements of the SEC. |
|---|
Securities registered or to be registered pursuant to Section 12(g) of the Act:
None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
None
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock at the close of the period covered by the annual report:
| Ordinary Shares, 25p par value | 635,814,880 |
|---|
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐No ☒
Note — Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T
during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer or an emerging growth company. See definition of “accelerated file”, “large accelerated filer” and “emerging growth company”, in Rule
12b-2
of the Exchange Act.
☒Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer
☐ Emerging growth company
If an emerging growth company that prepares its financial statements in accordance with US GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b) ☐
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing
| ☐ US GAAP | ☒ International financial Reporting Standards as Issuedby the International Accounting Standards Board | ☐ Other |
|---|
If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the Registrant has elected to follow: Item 17 ☐ Item 18 ☐
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule
12b-2
of the Exchange Act): Yes ☐ No☒
| Auditor Firm Id: | 01438 | Auditor Name: | Ernst & Young LLP | Auditor Location: | London, United Kingdom |
|---|
Powering growth through innovation Helping people realise the life they imagine through learning Annual report and accounts 2025
Strategic report Governance report Financial statements Other information Pearson plc Annual report and accounts 2025 We are uniquely positioned to meet the evolving global demand for skills through innovation, partnership and measurable impact.
| Strategic report · Governance report | |||
|---|---|---|---|
| At a glance | 2 | Corporate governance | 70 |
| 2025 highlights | 3 | Directors’ Remuneration Report | 117 |
| Business unit overviews | 4 | Additional disclosures | 153 |
| AI is accelerating demand for trusted skills assessment and verification | 6 | ||
| Using AI to improve efficiency, performance and learning outcomes | 7 | Financial statements | |
| Chair’s note | 8 | Statement of Directors’ responsibilities | 157 |
| Chief Executive’s review | 10 | Consolidated financial statements | 168 |
| Strategic framework | 12 | Other information | |
| Our business model and value drivers | 13 | ||
| Engaging with our stakeholders | 17 | ||
| Key performance indicators for 2025 | 23 | Five-year summary | 234 |
| Financial review | 25 | Financial key performance indicators | 235 |
| Sustainability | 32 | Additional information for US listing purposes | 241 |
| Risk management | 55 | Shareholder information | 262 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.