Q2 26 EPS
$0.43
BEAT +20.38%
Est. $0.36
Q2 26 Revenue
$1.18B
BEAT +2.73%
Est. $1.15B
vs S&P Since Q2 26
-3.8%
TRAILING MARKET
PINS -3.3% vs S&P +0.5%
Market Reaction
Did PINS Beat Earnings? Q2 2026 Results
Pinterest delivered a strong second-quarter beat in Q2 2026, posting non-GAAP EPS of $0.43 against a consensus estimate of $0.36, a 20.38% beat, while revenue climbed 18.2% year over year to $1.18 billion, edging past the $1.15 billion analysts had e… Read more Pinterest delivered a strong second-quarter beat in Q2 2026, posting non-GAAP EPS of $0.43 against a consensus estimate of $0.36, a 20.38% beat, while revenue climbed 18.2% year over year to $1.18 billion, edging past the $1.15 billion analysts had expected. The central driver was user momentum, with Pinterest reaching 640 million global monthly active users across its 11th consecutive quarter of double-digit growth, a scale that continued to attract advertiser dollars and lift global average revenue per user 7% to $1.86. Rest of World was the fastest-growing geography at 38% revenue growth, while U.S. And Canada ARPU rose 14% to $8.30, underscoring the platform's broadening monetization reach. Adjusted EBITDA expanded 24% to $311.31 million, delivering a 26% margin, even as GAAP results reflected heavier share-based compensation and restructuring charges. Free cash flow surged 37% to $269.93 million, supported by $2 billion-plus in year-to-date buybacks. Options markets had flagged a potential 12% stock move around the print. Looking ahead, Pinterest guided Q3 2026 revenue to $1.19 billion to $1.21 billion, representing 13% to 15% growth, with adjusted EBITDA of $335 million to $355 million.
Key Takeaways
- • 18% revenue growth year over year (17% constant currency)
- • Global MAUs grew 11% to 640 million, an all-time high
- • 11th consecutive quarter of double-digit user growth
- • Global ARPU increased 7% to $1.86
- • U.S. and Canada ARPU grew 14% to $8.30
- • Rest of World revenue grew 38% year over year
- • Adjusted EBITDA margin expanded to 26% from 25%
- • Free cash flow grew 37% year over year to $270 million
PINS Forward Guidance & Outlook
For Q3 2026, Pinterest expects revenue in the range of $1,190 million to $1,210 million, representing 13%-15% year-over-year growth, which assumes a modest headwind from foreign exchange based on current spot rates. Q3 2026 Adjusted EBITDA is expected to be in the range of $335 million to $355 million.
PINS YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
PINS Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our Q2 results reflect the scale and strength of our platform: more than $1.1 billion in revenue, growing 18%, and 640 million monthly active users, our 11th consecutive quarter of double digit user growth.”
— Bill Ready, Q2 2026 Earnings Press Release
PINS Earnings Trends
PINS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PINS EPS Trend
Earnings per share: estimate vs actual
PINS Revenue Trend
Quarterly revenue: estimate vs actual
PINS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.36 | $0.43 | +20.38% | $1.18B | +2.73% |
| Q1 26 BEAT | $0.22 | $0.27 | +24.71% | $1.01B | +4.07% |
| Q4 25 MISS FY | $0.67 | $0.67 | -0.70% | $1.32B | -0.81% |
| FY Full Year | $1.66 | $1.60 | -3.64% | $4.22B | -0.29% |
| Q3 25 MISS | $0.42 | $0.38 | -8.83% | $1.05B | +0.09% |
| Q2 25 MISS | $0.35 | $0.33 | -6.17% | $998.2M | +2.33% |
| Q1 25 MISS | $0.26 | $0.23 | -9.80% | $855.0M | +1.05% |