PepsiCo (PEP)

Nasdaq Consumer Staples Soft Drinks & Non-alcoholic Beverages S&P 500Nasdaq-100

$141.34

-1.37 (-0.96%)

Close of Nov 06, 2026 · end-of-day data

Source: PepsiCo's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$62.80B	$63.52B	$64.66B	$67.16B	$70.37B	$79.47B	$86.39B	$91.47B	$91.85B	$93.92B
Cost of revenue	$28.22B	$28.80B	$29.38B	$30.13B	$31.80B	$37.08B	$40.58B	$41.88B	$41.74B	$43.07B
Gross profit	$34.58B	$34.73B	$35.28B	$37.03B	$38.58B	$42.40B	$45.82B	$49.59B	$50.11B	$50.86B
Research & development	$760.00M	$737.00M	$680.00M	$711.00M	$719.00M	$752.00M	$771.00M	$804.00M	$813.00M	$839.00M
Selling, general & admin	$24.77B	$24.45B	$25.17B	$26.74B	$28.45B	$31.24B	$34.46B	$36.68B	$37.19B	$37.37B
Operating income	$9.80B	$10.28B	$10.11B	$10.29B	$10.08B	$11.16B	$11.51B	$11.99B	$12.89B	$11.50B
Interest expense	$1.34B	$1.15B	$1.22B	$935.00M	$1.13B	$1.86B	$939.00M	$819.00M	$919.00M	$1.12B
Pre-tax income	$8.55B	$9.60B	$9.19B	$9.31B	$9.07B	$9.82B	$10.71B	$11.42B	$11.95B	$10.24B
Income tax	$2.17B	$4.69B	-$3.37B	$1.96B	$1.89B	$2.14B	$1.73B	$2.26B	$2.32B	$1.95B
Net income	$6.33B	$4.86B	$12.52B	$7.31B	$7.12B	$7.62B	$8.91B	$9.07B	$9.58B	$8.24B
EBITDA	$12.17B	$12.64B	$12.51B	$12.72B	$12.63B	$13.87B	$14.28B	$14.93B	$16.05B	$14.95B
EPS (basic)	$4.39	$3.40	$8.84	$5.23	$5.14	$5.51	$6.45	$6.59	$6.97	$6.02
EPS (diluted)	$4.36	$3.38	$8.78	$5.20	$5.12	$5.49	$6.42	$6.56	$6.95	$6.00
Diluted shares	1.45B	1.44B	1.43B	1.41B	1.39B	1.39B	1.39B	1.38B	1.38B	1.37B
Gross margin	55.1%	54.7%	54.6%	55.1%	54.8%	53.3%	53.0%	54.2%	54.6%	54.1%
Operating margin	15.6%	16.2%	15.6%	15.3%	14.3%	14.0%	13.3%	13.1%	14.0%	12.2%
Net margin	10.1%	7.6%	19.4%	10.9%	10.1%	9.6%	10.3%	9.9%	10.4%	8.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$9.16B	$10.61B	$8.72B	$5.51B	$8.19B	$5.60B	$4.95B	$9.71B	$8.51B	$9.16B
Short-term investments	$6.97B	$8.90B	$272.00M	$229.00M	$1.37B	$392.00M	$394.00M	$292.00M	$761.00M	$371.00M
Inventory	$2.72B	$2.95B	$3.13B	$3.34B	$4.17B	$4.35B	$5.22B	$5.33B	$5.31B	$5.84B
Total current assets	$26.45B	$31.03B	$21.89B	$17.64B	$23.00B	$21.78B	$21.54B	$26.95B	$25.83B	$27.95B
Goodwill	$14.43B	$14.74B	$14.81B	$15.50B	$18.76B	$18.38B	$18.20B	$17.73B	$17.53B	$18.92B
Total assets	$73.49B	$79.80B	$77.65B	$78.55B	$92.92B	$92.38B	$92.19B	$100.50B	$99.47B	$107.40B
Total current liabilities	$21.14B	$20.50B	$22.14B	$20.46B	$23.37B	$26.22B	$26.79B	$31.65B	$31.54B	$32.76B
Short-term debt	$6.89B	$5.49B	$4.03B	$2.92B	$3.78B	$4.31B	$3.41B	$6.51B	$7.08B	$6.86B
Long-term debt	$30.05B	$33.80B	$28.30B	$29.15B	$40.37B	$36.03B	$35.66B	$37.59B	$37.22B	$42.32B
Total debt	$36.95B	$39.28B	$32.32B	$32.07B	$44.15B	$40.33B	$39.07B	$44.10B	$44.31B	$49.18B
Total liabilities	$62.29B	$68.82B	$63.05B	$63.68B	$79.37B	$76.23B	$74.91B	$81.86B	$81.30B	$86.85B
Shareholders' equity	$11.25B	$11.04B	$14.52B	$14.79B	$13.45B	$16.04B	$17.15B	$18.50B	$18.04B	$20.41B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$10.66B	$10.03B	$9.41B	$9.65B	$10.61B	$11.62B	$10.81B	$13.44B	$12.51B	$12.09B
Capital expenditures	$3.04B	$2.97B	$3.28B	$4.23B	$4.24B	$4.62B	$5.21B	$5.52B	$5.32B	$4.42B
Free cash flow	$7.62B	$7.06B	$6.13B	$5.42B	$6.37B	$6.99B	$5.60B	$7.92B	$7.19B	$7.67B
Investing cash flow	-$7.15B	-$4.40B	$4.56B	-$6.44B	-$11.62B	-$3.27B	-$2.43B	-$5.50B	-$5.47B	-$6.88B
Financing cash flow	-$3.21B	-$4.19B	-$13.77B	-$8.49B	$3.82B	-$10.78B	-$8.52B	-$3.01B	-$7.56B	-$4.98B
Dividends paid	$4.23B	$4.47B	$4.93B	$5.30B	$5.51B	$5.82B	$6.17B	$6.68B	$7.23B	$7.64B
Share buybacks	$3.00B	$2.00B	$2.00B	$3.00B	$2.00B	$106.00M	$1.50B	$1.00B	$1.00B	$1.00B
Stock-based compensation	$284.00M	$292.00M	$256.00M	$237.00M	$264.00M	$301.00M	$343.00M	$380.00M	$362.00M	$288.00M
Depreciation & amortization	$2.37B	$2.37B	$2.40B	$2.43B	$2.55B	$2.71B	$2.76B	$2.95B	$3.16B	$3.45B

Income statement

quarters · USD

Quarter ended	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$17.85B	$22.32B	$23.45B	$18.25B	$22.50B	$23.32B	$17.92B	$22.73B	$23.94B	$19.44B	$24.18B	$25.27B
Cost of revenue	$7.99B	$10.12B	$10.68B	$8.25B	$9.92B	$10.40B	$7.93B	$10.30B	$11.11B	$8.71B	$11.07B	$11.52B
Gross profit	$9.86B	$12.20B	$12.78B	$10.00B	$12.58B	$12.92B	$9.99B	$12.42B	$12.82B	$10.73B	$13.11B	$13.75B
Selling, general & admin	$7.23B	$8.54B	$8.76B	$7.29B	$8.53B	$9.03B	$7.41B	$8.77B	$9.12B	$7.52B	$9.09B	$9.49B
Operating income	$2.63B	$3.66B	$4.01B	$2.72B	$4.05B	$3.87B	$2.58B	$1.79B	$3.57B	$3.21B	$4.02B	$4.26B
Interest expense	$200.00M	$201.00M	$201.00M	$202.00M	$234.00M	$219.00M	$264.00M	$260.00M	$264.00M	$301.00M	$230.00M	$242.00M
Pre-tax income	$2.49B	$3.52B	$3.88B	$2.57B	$3.87B	$3.69B	$2.34B	$1.57B	$3.33B	$2.97B	$3.85B	$3.90B
Income tax	$546.00M	$747.00M	$760.00M	$520.00M	$776.00M	$749.00M	$499.00M	$292.00M	$713.00M	$632.00M	$848.00M	$834.00M
Net income	$1.93B	$2.75B	$3.09B	$2.04B	$3.08B	$2.93B	$1.83B	$1.26B	$2.60B	$2.33B	$2.98B	$3.05B
EBITDA	$3.22B	$4.34B	$4.72B	$3.36B	$4.79B	$4.61B	$3.27B	$2.60B	$4.39B	$3.96B	$4.92B	$5.15B
EPS (basic)	$1.40	$1.99	$2.25	$1.49	$2.24	$2.13	$1.34	$0.92	$1.90	$1.70	$2.18	$2.23
EPS (diluted)	$1.40	$1.99	$2.24	$1.48	$2.23	$2.13	$1.33	$0.92	$1.90	$1.70	$2.18	$2.23
Diluted shares	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.37B	1.37B	1.37B	1.37B	1.37B
Gross margin	55.2%	54.7%	54.5%	54.8%	55.9%	55.4%	55.8%	54.7%	53.6%	55.2%	54.2%	54.4%
Operating margin	14.7%	16.4%	17.1%	14.9%	18.0%	16.6%	14.4%	7.9%	14.9%	16.5%	16.6%	16.9%
Net margin	10.8%	12.3%	13.2%	11.2%	13.7%	12.6%	10.2%	5.6%	10.9%	12.0%	12.3%	12.1%

Balance sheet

quarters · USD

Quarter ended	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$4.77B	$6.12B	$10.02B	$8.05B	$6.35B	$7.31B	$8.27B	$7.63B	$8.13B	$10.47B	$10.25B	$10.68B
Short-term investments	$434.00M	$338.00M	$266.00M	$303.00M	$315.00M	$743.00M	$314.00M	$342.00M	$535.00M	$353.00M	$465.00M	$488.00M
Inventory	$5.70B	$5.97B	$5.56B	$5.57B	$5.89B	$5.64B	$5.66B	$6.49B	$6.09B	$6.21B	$6.73B	$6.43B
Total current assets	$22.43B	$24.95B	$28.65B	$26.00B	$25.70B	$26.85B	$26.29B	$28.21B	$28.72B	$30.92B	$32.77B	$32.56B
Goodwill	$18.09B	$18.00B	$17.89B	$17.65B	$17.65B	$17.71B	$18.36B	$18.95B	$18.84B	$19.02B	$19.09B	$18.88B
Total assets	$93.04B	$95.91B	$99.95B	$100.04B	$99.53B	$100.51B	$101.74B	$105.34B	$106.56B	$110.65B	$112.19B	$111.98B
Total current liabilities	$25.84B	$29.62B	$32.66B	$30.23B	$31.15B	$30.32B	$31.51B	$36.40B	$31.50B	$34.48B	$35.11B	$34.53B
Short-term debt	$1.30B	$2.30B	$2.30B	$1.30B	$1.30B	$1.30B	$1.50B	$2.50B	$3.20B	$1.60B	$1.60B	$9.22B
Long-term debt	$37.49B	$36.01B	$35.84B	$37.71B	$36.64B	$38.49B	$39.42B	$39.33B	$44.11B	$42.58B	$42.61B	$42.66B
Total debt	$38.79B	$38.31B	$38.14B	$39.01B	$37.94B	$39.79B	$40.92B	$41.83B	$47.31B	$44.18B	$44.21B	$51.88B
Total liabilities	$75.87B	$78.08B	$80.98B	$80.85B	$79.95B	$80.91B	$83.21B	$86.79B	$87.02B	$89.11B	$89.92B	$89.49B
Shareholders' equity	$17.04B	$17.68B	$18.81B	$19.05B	$19.45B	$19.45B	$18.39B	$18.42B	$19.39B	$21.38B	$22.10B	$22.29B

Cash flow

quarters · USD

Quarter ended	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$392.00M	$2.41B	$5.61B	-$1.04B	$2.36B	$4.91B	-$973.00M	$1.97B	$4.47B	$41.00M	$2.32B	$5.58B
Capital expenditures	$581.00M	$932.00M	$1.02B	$614.00M	$1.09B	$1.15B	$603.00M	$904.00M	$992.00M	$447.00M	$819.00M	$916.00M
Free cash flow	-$973.00M	$1.48B	$4.59B	-$1.66B	$1.27B	$3.76B	-$1.58B	$1.06B	$3.48B	-$406.00M	$1.50B	$4.67B
Investing cash flow	-$532.00M	-$891.00M	-$956.00M	-$562.00M	-$892.00M	-$1.51B	-$1.23B	-$2.90B	-$1.11B	-$477.00M	-$915.00M	-$955.00M
Financing cash flow	$777.00M	-$87.00M	-$656.00M	$10.00M	-$2.91B	-$2.38B	$1.77B	$100.00M	-$2.88B	$1.66B	-$1.79B	-$3.77B
Dividends paid	$1.61B	$1.59B	$1.74B	$1.77B	$1.74B	$1.86B	$1.88B	$1.86B	$1.95B	$1.97B	$1.95B	$2.02B
Share buybacks	$160.00M	$293.00M	$298.00M	$146.00M	$315.00M	$299.00M	$183.00M	$311.00M	$258.00M	$182.00M	$297.00M	$260.00M
Stock-based compensation	$93.00M	$86.00M	$88.00M	$97.00M	$86.00M	$77.00M	$77.00M	$54.00M	$76.00M	$93.00M	$69.00M	$78.00M
Depreciation & amortization	$590.00M	$678.00M	$705.00M	$641.00M	$738.00M	$739.00M	$684.00M	$807.00M	$824.00M	$742.00M	$897.00M	$892.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.