PS (Pershing Square) Pre-Tax Income: $ Mil (TTM As of Dec. 2025)

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PS Pershing Square Inc PS
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! 2 Warning Signs
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What is Pershing Square Pre-Tax Income?

Pershing Square PS +2.22% 10 Pre-Tax Income is $ Mil as of Dec. 2025. GuruFocus rates PS with a GF Score™ of 10/100. The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Pershing Square's pretax income for the six months ended in Dec. 2025 was $-233.1 Mil. Pershing Square does not have enough years/quarters to calculate the pretax income for the trailing twelve months (TTM) ended in Dec. 2025. Pershing Square's pretax margin was -31.07%.

During the past 2 years, Pershing Square's highest Pretax Margin was 4.03%. The lowest was -31.07%. And the median was -13.52%.


Pershing Square  (NYSE:PS) Pre-Tax Income Explanation

Pershing Square's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=-233.057/750.006
=-31.07%

During the past 2 years, Pershing Square's highest Pretax Margin was 4.03%. The lowest was -31.07%. And the median was -13.52%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pershing Square Pre-Tax Income Related Terms


Pershing Square Pre-Tax Income Historical Data

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The historical data trend for Pershing Square's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pershing Square Pre-Tax Income Chart

Pershing Square Annual Data
Trend Dec24 Dec25
Pre-Tax Income
18.38 -233.06

Pershing Square Semi-Annual Data
Dec24 Dec25
Pre-Tax Income 18.38 -233.06

PS vs ARCC, IVZ, EQH: Pre-Tax Income Comparison

For the Asset Management subindustry, Pershing Square's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pershing Square Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Pershing Square's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Pershing Square's Pre-Tax Income falls into.


PS
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Pershing Square Inc PS
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pershing Square Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Pershing Square's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-354.344+131.915+-14.959+4.331+2.8421709430404E-14
=-233.1

Pershing Square's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-354.344+131.915+-14.959+4.331+2.8421709430404E-14
=-233.1

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $ Mil mean?
Pershing Square (PS) has a Pre-Tax Income of $ Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Pershing Square and its competitors.
Is Pershing Square's Pre-Tax Income too high?
Pershing Square's current Pre-Tax Income is $ Mil. Overall, Pershing Square has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square's Pre-Tax Income compare to ARCC and IVZ?
Pershing Square's Pre-Tax Income of $ Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Pershing Square and its competitors. Pershing Square's current Pre-Tax Income is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square stock overvalued right now?
Pershing Square (PS) has a current Pre-Tax Income of $ Mil. The current Pre-Tax Income is $ Mil. Pershing Square's overall GF Score™ is 10/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Pershing Square (PS), the current Pre-Tax Income is $ Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pershing Square Business Description

Address 787 Eleventh Avenue, 9th Floor, New York, NY, USA, 10019
Pershing Square Inc is a main alternative asset manager. It employs a disciplined, research-intensive approach to fundamental value investing to preserve and grow its permanent capital at high rates of return using a set of core investment principles and opportunistic asymmetric hedges. The group generates all of its revenue from management fees and performance fees. It conductbusiness and generates all of its revenues in the United States.
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Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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