PepsiCo, Inc. (PEP)
NASDAQ: PEP · Real-Time Price · USD
140.42
+3.08 (2.24%)
At close: Nov 2, 2026, 4:00 PM EST
140.74
+0.32 (0.23%)
After-hours: Nov 2, 2026, 5:52 PM EST
PepsiCo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Jun '26 Jun 13, 2026 | Mar '26 Mar 21, 2026 | Dec '25 Dec 27, 2025 | Sep '25 Sep 6, 2025 | Jun '25 Jun 14, 2025 | Mar '25 Mar 22, 2025 | Dec '24 Dec 28, 2024 | Sep '24 Sep 7, 2024 | Jun '24 Jun 15, 2024 | Mar '24 Mar 23, 2024 | Dec '23 Dec 30, 2023 | Sep '23 Sep 9, 2023 | Jun '23 Jun 17, 2023 | Mar '23 Mar 25, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 3, 2022 | Jun '22 Jun 11, 2022 | Mar '22 Mar 19, 2022 | Dec '21 Dec 25, 2021 |
| 98,241 | 96,904 | 95,449 | 93,925 | 92,366 | 91,748 | 91,523 | 91,854 | 91,920 | 92,054 | 91,875 | 91,471 | 91,617 | 90,135 | 88,038 | 86,392 | 83,644 | 81,862 | 80,854 | 79,474 | |
Revenue Growth (YoY) | 6.36% | 5.62% | 4.29% | 2.25% | 0.48% | -0.33% | -0.38% | 0.42% | 0.33% | 2.13% | 4.36% | 5.88% | 9.53% | 10.11% | 8.88% | 8.71% | 9.08% | 9.76% | 13.38% | 12.93% |
Cost of Revenue | 44,870 | 44,410 | 43,541 | 42,773 | 42,240 | 41,576 | 41,118 | 41,435 | 41,328 | 41,620 | 41,994 | 41,732 | 42,126 | 41,743 | 41,039 | 40,342 | 39,112 | 38,201 | 37,664 | 37,046 |
Gross Profit | 53,371 | 52,494 | 51,908 | 51,152 | 50,126 | 50,172 | 50,405 | 50,419 | 50,592 | 50,434 | 49,881 | 49,739 | 49,491 | 48,392 | 46,999 | 46,050 | 44,532 | 43,661 | 43,190 | 42,428 |
Selling, General & Admin | 37,039 | 36,273 | 35,778 | 35,326 | 34,967 | 34,886 | 34,761 | 34,718 | 35,252 | 35,161 | 35,020 | 34,938 | 35,453 | 34,927 | 34,075 | 32,954 | 31,234 | 30,636 | 30,234 | 29,814 |
Research & Development | 839 | 839 | 839 | 839 | 813 | 813 | 813 | 813 | 804 | 804 | 804 | 804 | 771 | 771 | 771 | 771 | 752 | 752 | 752 | 752 |
Other Operating Expenses | -271 | -161 | -156 | 4 | -13 | 17 | 31 | 7 | 50 | -39 | -41 | 1 | -168 | -97 | -104 | 15 | -94 | -111 | -108 | 4 |
Operating Expenses | 37,607 | 36,951 | 36,461 | 36,169 | 35,767 | 35,716 | 35,605 | 35,538 | 36,106 | 35,926 | 35,783 | 35,743 | 36,056 | 35,601 | 34,742 | 33,740 | 31,892 | 31,277 | 30,878 | 30,570 |
Operating Income | 15,764 | 15,543 | 15,447 | 14,983 | 14,359 | 14,456 | 14,800 | 14,881 | 14,486 | 14,508 | 14,098 | 13,996 | 13,435 | 12,791 | 12,257 | 12,310 | 12,640 | 12,384 | 12,312 | 11,858 |
Interest Expense | -1,106 | -1,188 | -1,189 | -1,121 | -1,062 | -959 | -943 | -926 | -909 | -921 | -882 | -828 | -541 | -597 | -723 | -780 | -1,907 | -1,908 | -1,805 | -1,799 |
Currency Exchange Gain (Loss) | -169 | -66 | -119 | -133 | 106 | 69 | 53 | 46 | -85 | -79 | -64 | -31 | 54 | 19 | 63 | - | 17 | 22 | 4 | - |
EBT Excluding Unusual Items | 14,489 | 14,289 | 14,139 | 13,729 | 13,403 | 13,566 | 13,910 | 14,001 | 13,492 | 13,508 | 13,152 | 13,137 | 12,948 | 12,213 | 11,597 | 11,530 | 10,750 | 10,498 | 10,511 | 10,059 |
Merger & Restructuring Charges | -687 | -742 | -906 | -983 | -968 | -983 | -844 | -727 | -580 | -411 | -429 | -445 | -744 | -723 | -903 | -1,059 | -720 | -710 | -472 | -247 |
Gain (Loss) on Sale of Investments | - | - | - | - | -376 | -376 | -376 | -376 | - | 113 | - | -321 | - | -74 | - | - | -69 | -39 | - | - |
Gain (Loss) on Sale of Assets | - | - | - | - | -76 | -76 | - | - | 292 | 207 | 216 | 108 | -108 | -37 | -109 | 3,321 | 3,339 | 3,353 | 3,322 | 18 |
Asset Writedown | 14 | -86 | -1,946 | -1,946 | -2,664 | -2,574 | -714 | -714 | -1,138 | -1,230 | -1,230 | -927 | -2,980 | -1,680 | -2,637 | -2,878 | - | -1,198 | -241 | - |
Other Unusual Items | -90 | -308 | -415 | -556 | -266 | -141 | -261 | -238 | -396 | -335 | -209 | -135 | 1,274 | 14 | 86 | -209 | -1,513 | -271 | -312 | -9 |
Pretax Income | 13,726 | 13,153 | 10,872 | 10,244 | 9,053 | 9,416 | 11,715 | 11,946 | 11,670 | 11,852 | 11,500 | 11,417 | 10,390 | 9,713 | 8,034 | 10,705 | 11,787 | 11,633 | 12,808 | 9,821 |
Income Tax Expense | 2,759 | 2,638 | 2,082 | 1,949 | 1,779 | 1,815 | 2,299 | 2,320 | 2,254 | 2,265 | 2,236 | 2,262 | 2,024 | 1,739 | 1,385 | 1,727 | 2,003 | 2,330 | 2,579 | 2,142 |
Earnings From Continuing Operations | 10,967 | 10,515 | 8,790 | 8,295 | 7,274 | 7,601 | 9,416 | 9,626 | 9,416 | 9,587 | 9,264 | 9,155 | 8,366 | 7,974 | 6,649 | 8,978 | 9,784 | 9,303 | 10,229 | 7,679 |
Minority Interest in Earnings | -71 | -64 | -57 | -55 | -51 | -51 | -46 | -48 | -59 | -68 | -80 | -81 | -76 | -74 | -68 | -68 | -70 | -67 | -64 | -61 |
Net Income | 10,896 | 10,451 | 8,733 | 8,240 | 7,223 | 7,550 | 9,370 | 9,578 | 9,357 | 9,519 | 9,184 | 9,074 | 8,290 | 7,900 | 6,581 | 8,910 | 9,714 | 9,236 | 10,165 | 7,618 |
Net Income to Common | 10,896 | 10,451 | 8,733 | 8,240 | 7,223 | 7,550 | 9,370 | 9,578 | 9,357 | 9,519 | 9,184 | 9,074 | 8,290 | 7,900 | 6,581 | 8,910 | 9,714 | 9,236 | 10,165 | 7,618 |
Net Income Growth (YoY) | 50.85% | 38.42% | -6.80% | -13.97% | -22.81% | -20.69% | 2.02% | 5.55% | 12.87% | 20.49% | 39.55% | 1.84% | -14.66% | -14.46% | -35.26% | 16.96% | 19.32% | 12.52% | 35.61% | 6.99% |
Shares Outstanding (Basic) | 1,366 | 1,367 | 1,368 | 1,369 | 1,370 | 1,371 | 1,372 | 1,373 | 1,374 | 1,375 | 1,375 | 1,376 | 1,376 | 1,378 | 1,379 | 1,380 | 1,383 | 1,383 | 1,383 | 1,382 |
Shares Outstanding (Diluted) | 1,370 | 1,371 | 1,372 | 1,373 | 1,374 | 1,375 | 1,377 | 1,378 | 1,379 | 1,381 | 1,382 | 1,383 | 1,383 | 1,384 | 1,385 | 1,387 | 1,390 | 1,391 | 1,390 | 1,389 |
Shares Change (YoY) | -0.26% | -0.29% | -0.38% | -0.36% | -0.42% | -0.43% | -0.36% | -0.36% | -0.29% | -0.22% | -0.24% | -0.29% | -0.47% | -0.47% | -0.34% | -0.14% | 0.11% | 0.18% | 0.02% | -0.22% |
EPS (Basic) | 7.98 | 7.65 | 6.38 | 6.02 | 5.27 | 5.51 | 6.83 | 6.98 | 6.81 | 6.93 | 6.68 | 6.59 | 6.02 | 5.74 | 4.77 | 6.46 | 7.03 | 6.68 | 7.35 | 5.51 |
EPS (Diluted) | 7.95 | 7.63 | 6.37 | 6.00 | 5.26 | 5.49 | 6.80 | 6.95 | 6.78 | 6.89 | 6.64 | 6.56 | 6.00 | 5.71 | 4.75 | 6.42 | 6.99 | 6.64 | 7.31 | 5.49 |
EPS Growth (YoY) | 51.19% | 39.00% | -6.33% | -13.67% | -22.42% | -20.31% | 2.41% | 5.95% | 13.05% | 20.74% | 39.68% | 2.18% | -14.22% | -14.06% | -34.97% | 16.94% | 19.07% | 12.13% | 35.35% | 7.23% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Jun '26 Jun 13, 2026 | Mar '26 Mar 21, 2026 | Dec '25 Dec 27, 2025 | Sep '25 Sep 6, 2025 | Jun '25 Jun 14, 2025 | Mar '25 Mar 22, 2025 | Dec '24 Dec 28, 2024 | Sep '24 Sep 7, 2024 | Jun '24 Jun 15, 2024 | Mar '24 Mar 23, 2024 | Dec '23 Dec 30, 2023 | Sep '23 Sep 9, 2023 | Jun '23 Jun 17, 2023 | Mar '23 Mar 25, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 3, 2022 | Jun '22 Jun 11, 2022 | Mar '22 Mar 19, 2022 | Dec '21 Dec 25, 2021 |
Free Cash Flow | 10,471 | 9,282 | 8,842 | 7,672 | 6,788 | 7,064 | 7,268 | 7,189 | 6,201 | 7,032 | 7,242 | 7,924 | 6,947 | 5,728 | 5,327 | 5,604 | 6,383 | 6,338 | 7,485 | 6,991 |
Free Cash Flow Per Share | 7.64 | 6.77 | 6.45 | 5.59 | 4.94 | 5.14 | 5.28 | 5.22 | 4.50 | 5.09 | 5.24 | 5.73 | 5.02 | 4.14 | 3.85 | 4.04 | 4.59 | 4.56 | 5.38 | 5.03 |
Dividend Per Share | 5.805 | 5.747 | 5.690 | 5.622 | 5.555 | 5.487 | 5.420 | 5.330 | 5.240 | 5.150 | 5.060 | 4.945 | 4.830 | 4.715 | 4.600 | 4.525 | 4.450 | 4.375 | 4.300 | 4.247 |
Dividend Growth (YoY) | 4.50% | 4.74% | 4.98% | 5.49% | 6.01% | 6.55% | 7.12% | 7.79% | 8.49% | 9.23% | 10.00% | 9.28% | 8.54% | 7.77% | 6.98% | 6.53% | 6.08% | 5.61% | 5.13% | 5.59% |
Gross Margin | 54.33% | 54.17% | 54.38% | 54.46% | 54.27% | 54.68% | 55.07% | 54.89% | 55.04% | 54.79% | 54.29% | 54.38% | 54.02% | 53.69% | 53.39% | 53.30% | 53.24% | 53.34% | 53.42% | 53.39% |
Operating Margin | 16.05% | 16.04% | 16.18% | 15.95% | 15.55% | 15.76% | 16.17% | 16.20% | 15.76% | 15.76% | 15.35% | 15.30% | 14.66% | 14.19% | 13.92% | 14.25% | 15.11% | 15.13% | 15.23% | 14.92% |
Profit Margin | 11.09% | 10.79% | 9.15% | 8.77% | 7.82% | 8.23% | 10.24% | 10.43% | 10.18% | 10.34% | 10.00% | 9.92% | 9.05% | 8.77% | 7.47% | 10.31% | 11.61% | 11.28% | 12.57% | 9.59% |
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% |
EBITDA | 19,171 | 18,882 | 18,696 | 18,174 | 17,517 | 17,529 | 17,804 | 17,842 | 17,420 | 17,408 | 16,938 | 16,785 | 16,194 | 15,504 | 14,932 | 14,950 | 15,206 | 14,941 | 14,882 | 14,433 |
EBITDA Margin | 19.51% | 19.48% | 19.59% | 19.35% | 18.96% | 19.11% | 19.45% | 19.42% | 18.95% | 18.91% | 18.44% | 18.35% | 17.68% | 17.20% | 16.96% | 17.30% | 18.18% | 18.25% | 18.41% | 18.16% |
D&A For EBITDA | 3,407 | 3,339 | 3,249 | 3,191 | 3,158 | 3,073 | 3,004 | 2,961 | 2,934 | 2,900 | 2,840 | 2,789 | 2,759 | 2,713 | 2,675 | 2,640 | 2,566 | 2,557 | 2,570 | 2,575 |
EBIT | 15,764 | 15,543 | 15,447 | 14,983 | 14,359 | 14,456 | 14,800 | 14,881 | 14,486 | 14,508 | 14,098 | 13,996 | 13,435 | 12,791 | 12,257 | 12,310 | 12,640 | 12,384 | 12,312 | 11,858 |
EBIT Margin | 16.05% | 16.04% | 16.18% | 15.95% | 15.55% | 15.76% | 16.17% | 16.20% | 15.76% | 15.76% | 15.35% | 15.30% | 14.66% | 14.19% | 13.92% | 14.25% | 15.11% | 15.13% | 15.23% | 14.92% |
Effective Tax Rate | 20.10% | 20.06% | 19.15% | 19.03% | 19.65% | 19.28% | 19.62% | 19.42% | 19.31% | 19.11% | 19.44% | 19.81% | 19.48% | 17.90% | 17.24% | 16.13% | 16.99% | 20.03% | 20.14% | 21.81% |
Advertising Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,500 | - | - | - | 3,500 |