Pershing Square Reports Q3 2026 Financial Results

Overview

On November 2, 2026, Pershing Square Inc. (NYSE: PS) filed a Current Report on Form 8-K under Items 2.02 and 7.01 to announce its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Total Revenue: $56.6 million for Q3 2026, compared to $66.2 million in Q3 2025.
  • Management Fees: $56.6 million (vs. $62.3 million in Q3 2025).
  • Performance Fees: $0 (vs. $3.9 million in Q3 2025).
• Expenses: Total expenses rose to $76.7 million compared to $41.9 million in the prior-year period, primarily driven by an increase in employee compensation and benefits to $70.5 million (vs. $5.7 million in Q3 2025).
• Operating Loss: Recorded an operating loss of $(20.1) million compared to operating income of $24.2 million in Q3 2025.
• Net Loss: Reported a net loss of $(18.4) million, down from net income of $161.0 million in Q3 2025, impacted by lower non-operating gains and higher compensation expenses.

Corporate & Capital Return Updates

• Dividend: Paid a dividend of $0.103 per share on October 20, 2026, to shareholders of record as of October 12, 2026.
• Shareholder Communications: CEO Bill Ackman and CIO Ryan Israel published a shareholder letter and scheduled an investor webcast and live Q&A session for November 3, 2026.