Our 2022 Annual Report

A focused strategy for a lifetime of learning

At Pearson, we’re connecting our different products and brands to support people in their learning journey and create real-life impact. We’re forming an exciting lifelong digital learning ecosystem that provides people with affordable learning throughout their lifetime.

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2022 Highlights

In 2022, our products and services reached more than
160 million users around the world.

Achieved underlying sales growth of 5%

Achieved adjusted operating profit growth of 11% on an underlying basis, ahead of expectations

Acquired Mondly and Credly to support growth strategy across the Pearson ecosystem

Announced £120m of cost efficiencies, accelerating our improved margin expectation to 2023 from 2025

Launched our people strategy with a focus on engagement and high-performance

Launched 18 study channels on Pearson+

Enterprise Learning reaching c.2000 enterprise clients across Workforce Skills and Pearson VUE.

Completed the disposal of our international local courseware publishing businesses

We saw continuing momentum in 2022, with 5% underlying sales growth and adjusted operating profit of £456 million.

SALLY JOHNSON,

Chief Financial Officer
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Our strategy

We want everyone to realise the life they imagine through learning.

Our strategy is to create trusted relationships with consumers throughout their lifelong learning journeys. We want to empower them to realise their goals and potential, by developing their skills across multiple stages of their learning lifetime, encompassing not only formal primary, secondary and higher education, but also, increasingly, the world of work. Our strategy places consumers at the heart of everything we do, and we are integrating our products to create a learning ecosystem that reaches our consumers across all their life stages.