Pinterest (PINS) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Pinterest published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Pinterest reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Geographic revenue is based on Pinterest's estimate of where its users are, not where advertisers are billed. The current-quarter figures are from the 10-Q; the year-ago figures are the release's rounded millions.
• Pinterest's diluted share count fell to 582,652 thousand from 694,532 thousand. In March 2026 it entered into a $1,000.0 million accelerated share repurchase.

Source: Pinterest Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Pinterest splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Pinterest's U.S. and Canada revenue was $894 million in Q3 2026, up 14% from $786 million in Q3 2025, 76% of total revenue.
• Pinterest's Europe revenue was $193 million in Q3 2026, flat on $193 million in Q3 2025, 16% of total revenue.
• Pinterest's Rest of World revenue was $87.1 million in Q3 2026, up 24% from $70.0 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Pinterest said:

“For Q4 2026, we expect revenue to be in the range of $1,425 million to $1,475 million, representing 8% - 12% growth year over year, which assumes a modest headwind from foreign exchange based on current spot rates.”

“We expect Q4 2026 Adjusted EBITDA* to be in the range of $538 million to $588 million.”

Source: Pinterest Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PINS forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Pinterest's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Pinterest generates substantially all of its revenue from advertising. Revenue in Q3 2026 was $1,174 million, up 12% from $1,049 million on both a reported and a constant currency basis. The 10-Q attributes the growth mainly to ads bought for consideration objectives and, to a lesser extent, awareness objectives. (Pinterest Q3 2026 release, Oct 29, 2026; Pinterest Form 10-Q, Q3 2026, Oct 29, 2026; Pinterest Form 10-K, 2025, Feb 12, 2026)

Pinterest's growth came from volume. The number of advertisements served rose 17% while the price of advertisements fell 4%. Average revenue per user rose 1% to $1.80, on a 10% increase in average monthly active users. (Pinterest Form 10-Q, Q3 2026, Oct 29, 2026; Pinterest Q3 2026 release, Oct 29, 2026)

U.S. and Canada users produce most of the revenue: $894.2 million, up 14%, from 107 million of the 661 million monthly active users. ARPU there was $8.38, against $1.21 in Europe and $0.23 in Rest of World. Rest of World revenue rose 24% to $87.1 million, while Europe was flat at $192.6 million, which Pinterest attributes mainly to lower advertising demand. (Pinterest Q3 2026 release, Oct 29, 2026; Pinterest Form 10-Q, Q3 2026, Oct 29, 2026)

Cost of revenue rose 23% to $261.6 million, 22% of revenue against 20% a year earlier. Infrastructure costs rose $28.4 million, which Pinterest attributes to more users and engagement, investments in additional GPU capacity, and higher payments associated with partner arrangements. (Pinterest Form 10-Q, Q3 2026, Oct 29, 2026)

Pinterest earned $0.04 per diluted share on a GAAP basis in Q3 2026, against $0.13 a year earlier. Net income fell 77% to $21.5 million. Income from operations was $30.3 million, down from $58.5 million, and net interest income dropped to $6.0 million from $28.5 million. Income tax was an expense of $13.6 million, against a benefit of $4.9 million a year earlier. (Pinterest Q3 2026 release, Oct 29, 2026; Pinterest Form 10-Q, Q3 2026, Oct 29, 2026)

Pinterest's non-GAAP EPS was $0.46, against $0.38. Non-GAAP net income excludes share-based compensation ($288.2 million in the quarter), the related payroll tax ($5.6 million), amortization of acquired intangible assets ($4.8 million) and restructuring charges ($4.1 million), and taxes the result at a long-term projected rate of 20%. (Pinterest Q3 2026 release, Oct 29, 2026)

The share count fell sharply. Diluted weighted-average shares were 582,652 thousand against 694,532 thousand. In the first nine months of 2026 Pinterest repurchased 111,412 thousand Class A shares for $2,039.8 million, including 54,796,613 shares retired through the accelerated share repurchase, and in March 2026 it issued $1,000.0 million of 1.75% convertible senior notes due 2031 to Elliott. (Pinterest Q3 2026 release, Oct 29, 2026; Pinterest Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Pinterest guides one quarter ahead in its release. For Q4 2026 it expects revenue of $1,425 million to $1,475 million, 8% to 12% growth, assuming a modest headwind from foreign exchange, and Adjusted EBITDA of $538 million to $588 million. It gives no GAAP equivalent for the Adjusted EBITDA range. (Pinterest Q3 2026 release, Oct 29, 2026)

The restructuring plan Pinterest began in January 2026, which included a workforce reduction of less than 15% and office space reductions to shift resources toward AI-focused roles and products, was completed during Q3 2026. (Pinterest Form 10-Q, Q3 2026, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Pinterest, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Pinterest's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PINS is on is PINS a buy or a sell?, what analysts expect next is on the PINS forecast, and what the company does is on the Pinterest (PINS) stock page.

Every number on this page can be traced to a document Pinterest published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.