PepsiCo Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Revenue	93,925	91,854	91,471	86,392	79,474
Revenue Growth (YoY)	2.25%	0.42%	5.88%	8.71%	12.93%
Cost of Revenue	43,066	41,744	41,881	40,576	37,075
Gross Profit	50,859	50,110	49,590	45,816	42,399
Selling, General & Admin	37,368	37,190	36,683	34,459	31,237
Other Operating Expenses	1,993	33	-	-155	-
Operating Income	11,498	12,887	11,986	11,512	11,162
Interest Expense	-1,121	-919	-819	-939	-1,863
Other Non-Operating Income (Expense)	-133	-22	250	132	522
Total Non-Operating Income (Expense)	-1,254	-941	-569	-807	-1,341
Pretax Income	10,244	11,946	11,417	10,705	9,821
Provision for Income Taxes	1,949	2,320	2,262	1,727	2,142
Net Income	8,240	9,578	9,074	8,910	7,618
Minority Interest in Earnings	55	48	81	68	61
Net Income to Common	8,240	9,578	9,074	8,910	7,618
Net Income Growth	-13.97%	5.55%	1.84%	16.96%	6.99%
Shares Outstanding (Basic)	1,369	1,373	1,376	1,380	1,382
Shares Outstanding (Diluted)	1,373	1,378	1,383	1,387	1,389
Shares Change (YoY)	-0.36%	-0.36%	-0.29%	-0.14%	-0.22%
EPS (Basic)	6.02	6.97	6.59	6.45	5.51
EPS (Diluted)	6.00	6.95	6.56	6.42	5.49
EPS Growth	-13.67%	5.95%	2.18%	16.94%	7.23%
Free Cash Flow	7,672	7,189	7,924	5,604	6,991
Free Cash Flow Growth	6.72%	-9.28%	41.40%	-19.84%	9.70%
Free Cash Flow Per Share	5.59	5.22	5.73	4.04	5.03
Dividends Per Share	5.622	5.330	4.945	4.525	4.247
Dividend Growth	5.49%	7.79%	9.28%	6.53%	5.59%
Gross Margin	54.15%	54.55%	54.21%	53.03%	53.35%
Operating Margin	12.24%	14.03%	13.10%	13.33%	14.04%
Profit Margin	8.83%	10.48%	10.01%	10.39%	9.66%
FCF Margin	8.17%	7.83%	8.66%	6.49%	8.80%
EBITDA	15,676	16,702	15,504	14,792	14,377
EBITDA Margin	16.69%	18.18%	16.95%	17.12%	18.09%
EBIT	11,498	12,887	11,986	11,512	11,162
EBIT Margin	12.24%	14.03%	13.10%	13.33%	14.04%
Effective Tax Rate	19.03%	19.42%	19.81%	16.13%	21.81%

Updated Dec 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.