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PepsiCo, Inc. (PEP)
NASDAQ: PEP · Real-Time Price · USD
140.42
+3.08 (2.24%)
At close: Nov 2, 2026, 4:00 PM EST
140.30
-0.12 (-0.09%)
After-hours: Nov 2, 2026, 4:59 PM EST

PepsiCo Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
10,89610,4518,7338,2407,2237,5509,3709,5789,3579,5199,1849,0748,2907,9006,5818,9109,7149,23610,1657,618
Depreciation & Amortization
4,1764,0983,9933,9183,8643,7653,6773,6163,5583,5003,4213,3593,3143,2553,2053,1573,0773,0653,0793,080
Other Amortization
260260260260199199199199159159159159123123123123135135135135
Loss (Gain) From Sale of Assets
-------------141-3,321-3,321-3,335-3,322-
Asset Writedown & Restructuring Costs
1541522,1402,1332,8372,9079501,0051,2761,1241,2421,2412,0422,0553,3633,8051,8961,882474-9
Stock-Based Compensation
321319304288309310342362373384384380377366355343319313303301
Other Operating Activities
-1,025-766-1,028-1,107-1,238-1,541-1,089-775-1,016-1,043-492-434-437-875-1,325-1,318-472-208193-227
Change in Accounts Receivable
-957-855-792-580-364-582-360-138-615-601-541-793-1,204-1,340-1,274-1,763-1,493-1,190-1,033-651
Change in Inventory
-289-152-227-150-271-418-261-314-280-106-10-261-778-1,003-1,135-1,142-840-762-734-582
Change in Accounts Payable
612206147-677-278-58-206-943-1,033-588-7294205578728211,8422,0891,8862,4301,762
Change in Income Taxes
-24-535-525-433-5435-122-123224497242310-149-451-1425710312229230
Change in Other Net Operating Assets
445278961951751754029-107-67-13-33201188113179159
Operating Cash Flow
14,56913,45613,10112,08711,75512,18812,57512,50712,03212,73812,79313,44212,13510,94910,59310,81111,28811,15712,16111,616
Operating Cash Flow Growth (YoY)
23.94%10.40%4.18%-3.36%-2.30%-4.32%-1.70%-6.96%-0.85%16.34%20.77%24.34%7.50%-1.86%-12.89%-6.93%1.47%-2.91%14.26%9.45%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-4,098-4,174-4,259-4,415-4,967-5,124-5,307-5,318-5,831-5,706-5,551-5,518-5,188-5,221-5,266-5,207-4,905-4,819-4,676-4,625
Sale of Property, Plant & Equipment
345430409528437384467342244203186198154151267251354366164166
Cash Acquisitions
-363-409-2,258-3,391-3,401-3,356-1,450-256-213-261-304-314-201-927-876-873-837-68-61-61
Divestitures
39393939213111316614513543751091091293,5053,4823,5203,595169
Investment in Securities
103-55244602792613-420-440736316-45-181-178-117-30175611,077
Other Investing Activities
-1525-79-100-113-10622141430384853447116395
Investing Cash Flow
-3,989-4,144-6,124-6,879-7,744-8,145-6,142-5,472-6,081-5,526-5,525-5,495-5,118-6,025-5,917-2,430-1,930-981-408-3,269

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
---7,561---6,178---5,428---1,969---442
Long-Term Debt Issued
---8,189---4,042---5,482---3,377---4,122
Total Debt Issued
10,50312,77214,31515,75016,44915,29912,90610,2209,76410,37211,88810,9109,0919,2368,0105,3469,8697,2545,7174,564
Short-Term Debt Repaid
----7,920----5,639----3,135----1,982----397
Long-Term Debt Repaid
----4,082----3,886----3,005----4,174----8,299
Total Debt Repaid
-9,485-10,938-10,647-12,002-11,127-9,540-10,302-9,525-9,910-8,882-7,771-6,140-4,266-5,232-6,157-6,156-6,181-4,961-4,706-8,696
Net Debt Issued (Repaid)
1,0181,8343,6683,7485,3225,7592,604695-1461,4904,1174,7704,8254,0041,853-8103,6882,2931,011-4,132
Issuance of Common Stock
12813814097104117150166154137136116125135135138152174172185
Repurchase of Common Stock
-1,084-1,082-1,099-1,113-1,107-1,148-1,153-1,135-1,146-1,160-1,118-1,140-1,240-1,393-1,605-1,607-1,263-805-299-198
Common Dividends Paid
-7,881-7,809-7,722-7,638-7,552-7,466-7,344-7,229-7,110-6,989-6,841-6,682-6,527-6,374-6,275-6,172-6,073-5,970-5,891-5,815
Dividends Paid
-7,881-7,809-7,722-7,638-7,552-7,466-7,344-7,229-7,110-6,989-6,841-6,682-6,527-6,374-6,275-6,172-6,073-5,970-5,891-5,815
Other Financing Activities
-56-58-72-73-49-50-55-53-77-77-70-73-65-73-74-72-5,670-5,660-5,665-820
Financing Cash Flow
-7,875-6,977-5,085-4,979-3,282-2,788-5,798-7,556-8,325-6,599-3,776-3,009-2,882-3,701-5,966-8,523-9,166-9,968-10,672-10,780

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-1482563404229939-446-687-414-437-199-277-522-526-564-465-281-209-121-114
Net Cash Flow
2,5572,5912,2326518281,294189-1,208-2,7881763,2934,6613,613697-1,854-607-89-1960-2,547

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
10,4719,2828,8427,6726,7887,0647,2687,1896,2017,0327,2427,9246,9475,7285,3275,6046,3836,3387,4856,991
Free Cash Flow Growth (YoY)
54.26%31.40%21.66%6.72%9.47%0.46%0.36%-9.28%-10.74%22.77%35.95%41.40%8.84%-9.62%-28.83%-19.84%-4.47%-11.16%16.66%9.70%
Free Cash Flow Margin
10.66%9.58%9.26%8.17%7.35%7.70%7.94%7.83%6.75%7.64%7.88%8.66%7.58%6.35%6.05%6.49%7.63%7.74%9.26%8.80%
Free Cash Flow Per Share
7.646.776.455.594.945.145.285.224.505.095.245.735.024.143.854.044.594.565.385.03
Levered Free Cash Flow
9,0447,8328,7468,2337,4177,8567,8657,2016,3867,1606,7697,5656,3325,4295,0656,6817,1275,9846,9105,188
Unlevered Free Cash Flow
9,7368,5749,4898,9338,0808,4558,4547,7806,9547,7367,3208,0836,6705,8025,5177,1698,3197,1768,0386,312

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
1,7481,7481,7481,7481,5851,5851,5851,5851,4011,4011,4011,4011,0431,0431,0431,0431,1841,1841,1841,184
Cash Income Tax Paid
3,0833,2763,0833,0833,0643,8363,0643,0642,2232,2232,5322,5322,7662,7662,7662,7661,9331,9331,9331,933
Change in Working Capital
-213-1,058-1,301-1,645-1,439-1,002-874-1,478-1,675-905-1,105-337-1,574-1,889-1,710-888-60691,134718
SEC Filings: 10-K · 10-Q