PINTEREST, INC., DEF 14A filed on 4/8/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Pinterest, Inc.
Entity Central Index Key 0001506293
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended 29 Months Ended 31 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2024
Jul. 31, 2022
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for First PEO
($)(1)
Summary
Compensation
Table Total for
Second PEO
($)(1)
Compensation
Actually Paid
to First PEO
($)
Compensation
Actually Paid
to Second PEO
($)(2)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
($)(1)(3)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)(2)(3)
Value of Initial Fixed $100 Investment Based On:
Net Income
(Loss) ($)
(in thousands)
(5)
Company
Selected
Measure:
Revenue ($) (in thousands) (6)
Total
Stock
holder
Return
($)(4)
Peer Group
Total
Stock
holder
Return
($)(4)
2025— 39,312,010 — 22,037,070 15,866,156 16,323,245 39 120 416,855 4,221,767 
2024— 18,143,031 — (24,338,934)7,473,706 5,972,582 44 104 1,862,106 3,646,166 
2023— 522,667 — 74,249,630 11,333,745 13,760,300 56 80 (35,610)3,055,071 
2022202,028 122,651,735 (13,866,816)153,878,150 411,737 (11,364,015)37 50 (96,047)2,802,574 
2021199,100 — (32,587,745)— 11,394,930 (25,236,449)55 95 316,438 2,578,027 
            
Company Selected Measure Name revenue            
Named Executive Officers, Footnote The dollar amounts reported represent (i) the total compensation reported in our Summary Compensation Table above for our first PEO and second PEO and (ii) the average total compensation paid of our non-PEO NEOs for the covered fiscal years. For the years reported in the table, Mr. Silbermann was our first PEO from January 2020 to July 2022, and Mr. Ready was our second PEO from July 2022 to December 2025.The non-PEO NEOs represent the following individuals for each of the fiscal years shown:
YearNon-PEO NEOs
2025Julia Brau Donnelly, Malik Ducard, Matthew Madrigal, Wanji Walcott
2024Julia Brau Donnelly, Matthew Madrigal, Wanji Walcott, Malik Ducard, Sabrina Ellis
2023Julia Brau Donnelly, Todd Morgenfeld, Malik Ducard, Sabrina Ellis, Wanji Walcott
2022Todd Morgenfeld, Christine Flores, Naveen Gavini, Wanji Walcott
2021Evan Sharp, Todd Morgenfeld, Christine Flores, Naveen Gavini
            
Peer Group Issuers, Footnote The company and peer group total stockholder return (“TSR”) assumed an initial investment of $100 on December 31, 2020. The peer group TSR is based on the Nasdaq CTA Internet Index (QNET Index), which is the industry index used in our Annual Report pursuant to item 201(e) of Regulation S-K for the year ended December 31, 2025, and also serves as the performance benchmark for some of our executive compensation.            
Adjustment To PEO Compensation, Footnote
Year
Reported Summary
Compensation Table Total
for Second PEO
 ($)
Reported Value of
Equity Awards
 ($)(a)
Equity Award
Adjustments
($)(b)
Compensation Actually
Paid to Second PEO
($)
202539,312,010 37,928,927 20,653,987 22,037,070 
Equity award adjustments for each covered fiscal year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The fair value of stock options was calculated using the Black‑Scholes option-pricing model using updated assumptions as of each measurement date. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. See “Note 8 to the Consolidated Financial Statements” included in our 2025 annual report on Form 10-K filed with the SEC on February 12, 2026 for the assumptions used in calculating the grant date fair value. The amounts deducted or added in calculating the equity award adjustments are as follows:
Second PEO
Year
Year End Fair
Value of Equity
Awards
Granted in the
Year and
Unvested at
Year End
 ($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
Change in Fair
Value from Prior Year End to Vesting Date of Equity
Awards Granted in
Prior Years that
Vested in the Year
($)
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet Vesting
Conditions in the Year
($)
Value of Dividends or
other Earnings Paid on
Stock or Option Awards
not Otherwise Reflected
in Fair Value
($)
Total
Equity
Award
Adjustments ($)
202526,717,468 (10,978,736)— 4,915,255 — — 20,653,987 
Average Non-PEO NEOs
Year
Year End Fair
Value of Equity
Awards
Granted in the
Year and
Unvested at
Year End
 ($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
Change in Fair
Value from Prior Year End to Vesting Date of Equity
Awards Granted in
Prior Years that
Vested in the Year
($)
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet Vesting
Conditions in the Year
($)
Value of Dividends or
other Earnings Paid on
Stock or Option Awards
not Otherwise Reflected
in Fair Value
($)
Total
Equity
Award
Adjustments
($)
202514,478,470 (126,340)— 734,924 — — 15,087,054 
            
Non-PEO NEO Average Total Compensation Amount $ 15,866,156 $ 7,473,706 $ 11,333,745 $ 411,737 $ 11,394,930    
Non-PEO NEO Average Compensation Actually Paid Amount $ 16,323,245 5,972,582 13,760,300 (11,364,015) (25,236,449)    
Adjustment to Non-PEO NEO Compensation Footnote
Year
Average Reported
Summary Compensation
Table Total for
Non-PEO NEOs
($)
Average Reported
Value of Equity Awards
($)(a)
Average
Equity Award
Adjustments
($)(b)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2025
15,866,156 
14,629,965 
15,087,054 
16,323,245 
Equity award adjustments for each covered fiscal year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The fair value of stock options was calculated using the Black‑Scholes option-pricing model using updated assumptions as of each measurement date. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. See “Note 8 to the Consolidated Financial Statements” included in our 2025 annual report on Form 10-K filed with the SEC on February 12, 2026 for the assumptions used in calculating the grant date fair value. The amounts deducted or added in calculating the equity award adjustments are as follows:
Second PEO
Year
Year End Fair
Value of Equity
Awards
Granted in the
Year and
Unvested at
Year End
 ($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
Change in Fair
Value from Prior Year End to Vesting Date of Equity
Awards Granted in
Prior Years that
Vested in the Year
($)
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet Vesting
Conditions in the Year
($)
Value of Dividends or
other Earnings Paid on
Stock or Option Awards
not Otherwise Reflected
in Fair Value
($)
Total
Equity
Award
Adjustments ($)
202526,717,468 (10,978,736)— 4,915,255 — — 20,653,987 
Average Non-PEO NEOs
Year
Year End Fair
Value of Equity
Awards
Granted in the
Year and
Unvested at
Year End
 ($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
Change in Fair
Value from Prior Year End to Vesting Date of Equity
Awards Granted in
Prior Years that
Vested in the Year
($)
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet Vesting
Conditions in the Year
($)
Value of Dividends or
other Earnings Paid on
Stock or Option Awards
not Otherwise Reflected
in Fair Value
($)
Total
Equity
Award
Adjustments
($)
202514,478,470 (126,340)— 734,924 — — 15,087,054 
            
Compensation Actually Paid vs. Total Shareholder Return
The following charts set forth the relationship between CAP to our PEOs and the average CAP to our other NEOs to (i) the company’s cumulative TSR and peer group TSR, (ii) net income, and (iii) revenue, each over the five most recently completed fiscal years.
Compensation actually paid versus company TSR
2026Proxy_Chart_CompensationActuallyPaidVersusCompanyTSRv2.jpg
            
Compensation Actually Paid vs. Net Income
Compensation actually paid versus company net income
company net income.jpg
            
Compensation Actually Paid vs. Company Selected Measure
Compensation actually paid versus company revenue
Company revenue.jpg
            
Tabular List, Table
Most Important Financial Performance Measures
Revenue
Adjusted EBITDA(1)
Relative TSR
            
Total Shareholder Return Amount $ 39 44 56 37 55    
Peer Group Total Shareholder Return Amount 120 104 80 50 95    
Net Income (Loss) $ 416,855,000 $ 1,862,106,000 $ (35,610,000) $ (96,047,000) $ 316,438,000    
Company Selected Measure Amount 4,221,767,000 3,646,166,000 3,055,071,000 2,802,574,000 2,578,027,000    
Additional 402(v) Disclosure The dollar amounts reported represent the amount of “compensation actually paid” (“CAP”), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amounts of compensation earned by or paid during the applicable year. In accordance with SEC rules, for the year shown, the following adjustments were made to total compensation reported in our Summary Compensation Table to determine the compensation actually paid for our second PEO and the average total compensation paid of our non-PEO NEOs:The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” columns in the Summary Compensation Table for the covered fiscal year.The dollar amounts reported represent net income (loss) in our “Notes to consolidated financial statements” included in our annual report on Form 10-K for the applicable year.
(6)The dollar amounts reported represent revenue in our “Notes to consolidated financial statements” included in our annual report on Form 10-K for the applicable year.
Adjusted EBITDA is a non-GAAP financial measure. See Appendix A for more information. 		           
Measure:: 1              
Pay vs Performance Disclosure              
Name Revenue            
Measure:: 2              
Pay vs Performance Disclosure              
Name Adjusted EBITDA(1)            
Measure:: 3              
Pay vs Performance Disclosure              
Name Relative TSR            
Benjamin Silberman [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount $ 0 $ 0 $ 0 $ 202,028 $ 199,100    
PEO Actually Paid Compensation Amount 0 0 0 (13,866,816) (32,587,745)    
PEO Name             Mr. Silbermann
Bill Ready [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount 39,312,010 18,143,031 522,667 122,651,735 0    
PEO Actually Paid Compensation Amount 22,037,070 $ (24,338,934) $ 74,249,630 $ 153,878,150 $ 0    
PEO Name           Mr. Ready  
PEO | Bill Ready [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (37,928,927)            
PEO | Bill Ready [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 20,653,987            
PEO | Bill Ready [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 26,717,468            
PEO | Bill Ready [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (10,978,736)            
PEO | Bill Ready [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
PEO | Bill Ready [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 4,915,255            
PEO | Bill Ready [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
PEO | Bill Ready [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (14,629,965)            
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 15,087,054            
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 14,478,470            
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (126,340)            
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 734,924            
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 0            
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Pinterest’s equity compensation programs do not currently include annual or periodic stock option awards, and during 2025, the Company did not grant such awards. During 2025, the Company did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Award Timing Method
Pinterest’s equity compensation programs do not currently include annual or periodic stock option awards, and during 2025, the Company did not grant such awards. During 2025, the Company did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Award Timing Predetermined false
Award Timing MNPI Considered true
Award Timing, How MNPI Considered During 2025, the Company did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true