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.