PepsiCo, Inc. (BMV:PEP)

PepsiCo Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 14, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Revenue	91,748	91,854	91,471	86,392	79,474	70,372
Revenue Growth (YoY)	-0.33%	0.42%	5.88%	8.71%	12.93%	4.78%
Cost of Revenue	41,553	41,435	41,737	40,342	37,046	31,735
Gross Profit	50,195	50,419	49,734	46,050	42,428	38,637
Selling, General & Admin	35,421	35,235	34,951	32,954	29,814	26,993
Research & Development	813	813	804	771	752	719
Other Operating Expenses	-9	-9	-32	15	4	-6
Operating Expenses	36,225	36,039	35,723	33,740	30,570	27,706
Operating Income	13,970	14,380	14,011	12,310	11,858	10,931
Interest Expense	-966	-878	-859	-780	-1,799	-1,257
Currency Exchange Gain (Loss)	2	2	41	-	-	-
EBT Excluding Unusual Items	13,006	13,504	13,193	11,530	10,059	9,674
Merger & Restructuring Charges	-983	-727	-445	-1,059	-247	-289
Gain (Loss) on Sale of Investments	122	122	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	108	3,321	18	-
Asset Writedown	-2,574	-714	-1,230	-2,878	-	-42
Other Unusual Items	-155	-239	-209	-209	-9	-274
Pretax Income	9,416	11,946	11,417	10,705	9,821	9,069
Income Tax Expense	1,815	2,320	2,262	1,727	2,142	1,894
Earnings From Continuing Operations	7,601	9,626	9,155	8,978	7,679	7,175
Minority Interest in Earnings	-51	-48	-81	-68	-61	-55
Net Income	7,550	9,578	9,074	8,910	7,618	7,120
Net Income to Common	7,550	9,578	9,074	8,910	7,618	7,120
Net Income Growth	-20.69%	5.55%	1.84%	16.96%	6.99%	-2.65%
Shares Outstanding (Basic)	1,370	1,373	1,376	1,380	1,382	1,385
Shares Outstanding (Diluted)	1,375	1,378	1,383	1,387	1,389	1,392
Shares Change (YoY)	-0.43%	-0.36%	-0.29%	-0.14%	-0.22%	-1.07%
EPS (Basic)	5.51	6.98	6.59	6.46	5.51	5.14
EPS (Diluted)	5.49	6.95	6.56	6.42	5.49	5.12
EPS Growth	-20.31%	5.95%	2.18%	16.94%	7.23%	-1.54%
Free Cash Flow	7,064	7,189	7,924	5,604	6,991	6,373
Free Cash Flow Per Share	5.14	5.22	5.73	4.04	5.03	4.58
Dividend Per Share	5.487	5.330	4.945	4.525	4.247	4.022
Dividend Growth	6.55%	7.79%	9.28%	6.53%	5.59%	6.07%
Gross Margin	54.71%	54.89%	54.37%	53.30%	53.39%	54.90%
Operating Margin	15.23%	15.65%	15.32%	14.25%	14.92%	15.53%
Profit Margin	8.23%	10.43%	9.92%	10.31%	9.59%	10.12%
Free Cash Flow Margin	7.70%	7.83%	8.66%	6.49%	8.80%	9.06%
EBITDA	17,043	17,341	16,800	14,950	14,433	13,327
EBITDA Margin	18.58%	18.88%	18.37%	17.30%	18.16%	18.94%
D&A For EBITDA	3,073	2,961	2,789	2,640	2,575	2,396
EBIT	13,970	14,380	14,011	12,310	11,858	10,931
EBIT Margin	15.23%	15.65%	15.32%	14.25%	14.92%	15.53%
Effective Tax Rate	19.28%	19.42%	19.81%	16.13%	21.81%	20.88%
Advertising Expenses	-	3,900	3,800	3,500	3,500	3,000

Source: S&P Global Market Intelligence. Standard template. Financial Sources.