P 
PepsiCo PEP · USD
Consumer Staples · Beverages · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
141.88
+0.38%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$93.92bn
FY2016FY2025
Net income
$8.24bn
FY2016FY2025
Free cash flow
$7.67bn
FY2016FY2025
Shareholders' equity
$20.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.92bn | $91.85bn | $91.47bn | $86.39bn | $79.47bn | $70.37bn | $67.16bn | $64.66bn | $63.52bn | $62.80bn |
| Gross profit | $50.86bn | $50.11bn | $49.59bn | $45.82bn | $42.40bn | $38.58bn | $37.03bn | $35.28bn | $34.73bn | $34.58bn |
| Research and development | — | $813.0m | $804.0m | $771.0m | $752.0m | $719.0m | $711.0m | $680.0m | $737.0m | $760.0m |
| Operating income | $13.49bn | $12.89bn | $11.99bn | $11.51bn | $11.68bn | $10.20bn | $10.25bn | $10.41bn | $10.75bn | $9.80bn |
| Net income | $8.24bn | $9.58bn | $9.07bn | $8.91bn | $7.62bn | $7.12bn | $7.31bn | $12.52bn | $4.86bn | $6.33bn |
| Diluted earnings per share | 6.01 | 6.95 | 6.57 | 6.43 | 5.48 | 5.13 | 5.22 | 8.81 | 3.42 | 4.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $107.40bn | $99.47bn | $100.50bn | $92.19bn | $92.38bn | $92.92bn | $78.55bn | $77.65bn | $79.80bn | $73.49bn |
| Cash and short-term investments | $9.53bn | $9.27bn | $10.00bn | $5.35bn | $5.99bn | $9.55bn | $5.74bn | $8.99bn | $19.51bn | $16.13bn |
| Total liabilities | $86.85bn | $81.30bn | $81.86bn | $74.91bn | $76.23bn | $79.37bn | $63.68bn | $63.05bn | $68.82bn | $62.29bn |
| Debt | $49.90bn | $44.95bn | $44.66bn | $39.07bn | $40.78bn | $44.61bn | $32.51bn | $32.32bn | $39.28bn | $36.95bn |
| Shareholders' equity | $20.41bn | $18.04bn | $18.50bn | $17.27bn | $16.04bn | $13.55bn | $14.87bn | $14.52bn | $10.89bn | $11.10bn |
| Shares outstanding | 1,371m | 1,378m | 1,381m | 1,385m | 1,390m | 1,388m | 1,401m | 1,420m | 1,421m | 1,444m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $12.09bn | $12.51bn | $13.44bn | $10.81bn | $11.62bn | $10.61bn | $9.65bn | $9.41bn | $9.99bn | $10.40bn |
| Capital spending | −$4.42bn | −$5.32bn | −$5.52bn | −$5.21bn | −$4.63bn | −$4.24bn | −$4.23bn | −$3.28bn | −$2.97bn | −$3.04bn |
| Free cash flow | $7.67bn | $7.19bn | $7.92bn | $5.60bn | $6.99bn | $6.37bn | $5.42bn | $6.13bn | $7.03bn | $7.36bn |
| Dividends paid | −$7.64bn | −$7.23bn | −$6.68bn | −$6.17bn | −$5.82bn | −$5.51bn | −$5.30bn | −$4.93bn | −$4.47bn | −$4.23bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Sept 2025 | Jun 2025 | Jun 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.18bn | $19.44bn | $29.34bn | $23.94bn | $23.94bn | $22.73bn | $22.73bn | $17.92bn |
| Gross profit | $13.11bn | $10.73bn | $15.75bn | $12.82bn | $12.89bn | $12.42bn | $12.52bn | $9.99bn |
| Operating income | $4.02bn | $3.21bn | $4.08bn | $3.70bn | $4.12bn | $1.79bn | $3.91bn | $2.80bn |
| Net income | $3.00bn | $2.34bn | $2.54bn | $2.60bn | $2.60bn | $1.26bn | $1.26bn | $1.83bn |
| Diluted earnings per share | 2.19 | 1.71 | 1.85 | 1.90 | 1.90 | 0.92 | 0.92 | 1.33 |
| Cash from operations | $2.32bn | $41.0m | $6.62bn | $4.47bn | — | $1.97bn | — | $1.97bn |
| Capital spending | −$819.0m | −$447.0m | −$1.92bn | −$992.0m | — | −$904.0m | — | −$904.0m |
| Free cash flow | $1.50bn | −$406.0m | $4.70bn | $3.48bn | — | $1.06bn | — | $1.06bn |
| Total assets | $112.19bn | $110.65bn | $107.40bn | $106.56bn | $106.56bn | $105.34bn | $105.34bn | $101.74bn |
| Cash and short-term investments | $10.72bn | $10.83bn | $9.53bn | $8.66bn | $8.66bn | $7.97bn | $7.97bn | $8.58bn |
| Debt | $53.21bn | $52.73bn | $42.32bn | $50.85bn | $44.11bn | $51.38bn | $39.33bn | $39.42bn |
| Shareholders' equity | $22.10bn | $21.38bn | $20.41bn | $19.39bn | $19.39bn | $18.42bn | $18.42bn | $18.39bn |
Financial ratios
Data as of 4 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 54.1% | 54.6% | 54.2% | 53.0% | 53.3% | 54.8% | — |
| Operating margin | 14.4% | 14.0% | 13.1% | 13.3% | 14.7% | 14.5% | — |
| Net margin | 8.8% | 10.4% | 9.9% | 10.3% | 9.6% | 10.1% | — |
| Return on equity | 40.4% | 53.1% | 49.0% | 51.6% | 47.5% | 52.5% | — |
| Return on assets | 7.7% | 9.6% | 9.0% | 9.7% | 8.2% | 7.7% | — |
| Free cash flow yield | 8.6% | 9.2% | 9.8% | 8.3% | 8.3% | 7.6% | — |
| Revenue growth | 2.3% | 0.4% | 5.9% | 8.7% | 12.9% | 4.8% | — |
| Earnings growth | -14.0% | 5.6% | 1.8% | 17.0% | 7.0% | -2.7% | — |
| Current ratio | 0.85x | 0.82x | 0.85x | 0.80x | 0.83x | 0.98x | — |
| Debt to equity | 2.45x | 2.49x | 2.41x | 2.29x | 2.54x | 3.29x | — |
| Equity ratio | 19.0% | 18.1% | 18.4% | 18.7% | 17.4% | 14.6% | — |
| Interest coverage | 12.03x | 14.02x | 14.63x | 12.26x | 6.27x | 9.04x | — |
| R&D as a share of sales | — | 0.9% | 0.9% | 0.9% | 0.9% | 1.0% | 1.1% |
| Buybacks as a share of market value | 0.5% | 0.2% | 0.3% | 0.4% | -0.1% | 0.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.8% | 5.9% | 4.1% |
| Operating income | 5.4% | 5.8% | 4.9% |
| Net income | -2.6% | 3.0% | 4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 54.3% | 54.0% | 54.0% | 54.3% |
| Operating margin | 14.2% | 13.7% | 14.0% | 14.5% |
| Net margin | 9.6% | 9.8% | 9.8% | 10.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.9 | 21.9 | 25.9 | 28.1 | 31.7 | 28.9 | 26.2 | 12.5 | 35.1 | 23.9 |
| Price to sales | 2.1 | 2.3 | 2.6 | 2.9 | 3.0 | 2.9 | 2.9 | 2.4 | 2.7 | 2.4 |
Market value over time
31 Oct 2016 to 3 Sept 2026, in USD
$155.65bn$191.69bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -3% | -8% | -7% | 7% | 17% | 5% | 25% | -7% | 13% | 6% |
Dividends and splits
Per share, in the currency the company pays
Paid for 52 years. Last went ex-dividend on 4 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.383 | 5.623 | 5.33 | 4.945 | 4.525 | 4.248 | 4.023 | 3.792 |
- 2-for-1 split · 29 May 1996
- 3-for-1 split · 5 Sept 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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