Connects visual discovery and saved ideas with shopping and advertising.
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Profile
Connects visual search, Pins, and boards with shopping and advertising. Revenue comes from ads shown as users discover and save ideas, while recommendation quality, advertiser demand, platform safety, privacy rules, and international monetization shape the business.
Turns visual search, image-led discovery, and saved collections into a platform for planning purchases, projects, and interests. Pins and boards organize ideas, while search, recommendations, video, product catalogs, and shopping tools help users move from inspiration toward action.
Operates as one segment and earns revenue from advertising. Awareness, consideration, conversion, and shopping-oriented formats connect advertisers with users whose browsing and saving behavior signals intent. The platform serves a global audience, while monetization outside the United States and Canada remains an operating dependency.
Recommendation and visual-search quality, measurement, advertiser demand, mobile operating-system and app-store access, content moderation, privacy rules, and youth protection shape performance. A dual-class share structure concentrates voting power among Class B holders.
Company facts
Categories
Key statistics
Year to date −12.7% · Average volume (30d) 10.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Wells Fargo | Reiterate | Overweight | $30 | $31 |
| Aug 5, 2026 | DA Davidson | Reiterate | Buy | $26 | $27 |
| Aug 5, 2026 | Robert W. Baird | Target | $24 | $26 | |
| Aug 5, 2026 | Evercore ISI | Target | $27 | $29 | |
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $17 | $25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.36 | $0.43 | +20.5% | $1.15B | $1.18B | +2.7% | −8.68% |
| May 4, 2026Q1 FY26 | $0.22 | $0.27 | +22.7% | $965.8M | $1.01B | +4.3% | +6.86% |
| Feb 12, 2026Q4 FY25 | $0.66 | $0.67 | +1.5% | $1.33B | $1.32B | −0.8% | −16.83% |
| Nov 4, 2025Q3 FY25 | $0.42 | $0.38 | −8.7% | $1.05B | $1.05B | 0.0% | −21.76% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $855.0M | $998.2M | $1.05B | $1.32B | $1.01B | $1.18B | |
| Gross profit | $655.7M | $795.2M | $836.9M | $1.09B | $769.0M | $922.3M | |
| Operating income | −$35.5M | −$4.3M | $58.5M | $301.2M | −$33.2M | −$55.2M | |
| Net income | $8.9M | $38.8M | $92.1M | $277.1M | −$73.6M | −$46.7M | |
| Diluted EPS | $0.01 | $0.06 | $0.13 | $0.41 | −$0.12 | −$0.08 | |
| Gross margin | 76.7% | 79.7% | 79.8% | 82.8% | 76.3% | 78.2% | |
| Operating margin | -4.1% | -0.4% | 5.6% | 22.8% | -3.3% | -4.7% |
Fiscal years (4-quarter sums)FY21 $2.58B · FY22 $2.80B · FY23 $3.06B · FY24 $3.65B · FY25 $4.22B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.27B · Total debt $1.20B · Total assets $4.76B · Shareholders' equity $2.89B
Dividends
No dividends on record.
Ownership
Shares outstanding 636.18M · Float 472.29M · 74.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 47.41M | 7.45% | 13F | Aug 7, 2026 |
| Ameriprise Financial, Inc. | 45.01M | 9.30% | 13G | Aug 14, 2026 |
| Benjamin Silbermann · director, 10 percent owner: | 34.72M | 5.46% | Form 4 | Aug 26, 2026 |
| Elliott Investment Management L.P. | 28.00M | 5.80% | 13G | Aug 14, 2026 |
| UBS Group AG | 23.99M | 3.77% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Benjamin Silbermann | director, 10 percent owner: | −46,875 | $23.57 |
| Aug 25, 2026 | Benjamin Silbermann | director, 10 percent owner: | −46,875 | $23.53 |
| Aug 19, 2026 | Benjamin Silbermann | director, 10 percent owner: | −46,875 | $23.11 |
| Aug 18, 2026 | Benjamin Silbermann | director, 10 percent owner: | −46,875 | $23.40 |
| Aug 19, 2026 | Gokul Rajaram | director | −1,050 | $23.03 |
Peers
- Meta
Largest overlap in visual social media, discovery, and digital ads
- Alphabet Class A
Competes across search, visual discovery, video, and performance ads
- Amazon
Competes for shopping discovery and commerce-focused ad budgets
- Snap
Competes for mobile visual attention and social ad spending
- Reddit
Competes for interest discovery, user time, and contextual ads
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| $22.80 | −1.70% | $14.76B | 68.2 | 10.8 | 3.2 | +18.2% | |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Snap | $5.44 | −0.18% | $9.17B | — | 22.5 | 1.4 | +18.9% |
| $153.35 | +0.28% | $29.44B | 35.6 | 25.0 | 10.6 | +61.1% | |
| Median | 21.6 | 25.0 | 6.5 | +24.2% |







