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PepsiCo Inc. (PEP)

PepsiCo is a global beverage and convenient food company, incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. Its brands include Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream, and through its own operations, authorised bottlers, contract manufacturers and other third parties it makes, markets, distributes and sells in more than 200 countries and territories. There are six reportable segments: PepsiCo Foods North America, PepsiCo Beverages North America, International Beverages Franchise, Europe, Middle East and Africa, Latin America Foods, and Asia Pacific Foods.

PepsiCo Inc.

PepsiCo is a global beverage and convenient food company, incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. Its brands include Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream, and through its own operations, authorised bottlers, contract manufacturers and other third parties it makes, markets, distributes and sells in more than 200 countries and territories. There are six reportable segments: PepsiCo Foods North America, PepsiCo Beverages North America, International Beverages Franchise, Europe, Middle East and Africa, Latin America Foods, and Asia Pacific Foods.

North America

PepsiCo Foods North America covers the convenient food businesses in the United States and Canada, spanning cereals, chips, dips, granola bars, oatmeal, pasta, rice and syrups and mixes, under brands including Cheetos, Doritos, Fritos, Lay's, Pearl Milling Company, Quaker, Ruffles and Tostitos, sold to independent distributors and retailers. It also owns Sabra, the refrigerated dips and spreads business, which became a wholly owned subsidiary in December 2024 when PepsiCo bought Strauss Group's 50 percent. PepsiCo Beverages North America makes, markets and sells beverage concentrates, fountain syrups and finished goods under brands including Aquafina, Bubly, Diet Pepsi, Gatorade, Mountain Dew, Pepsi, Pepsi Zero Sugar and Propel. It runs its own bottling plants and distribution facilities, selling branded finished goods directly to independent distributors and retailers, and it also sells concentrate and finished goods to authorised and independent bottlers who serve certain markets themselves. It handles a good deal that it does not own: ready-to-drink tea and coffee through joint ventures with Unilever under the Lipton name and with Starbucks; Crush, Dr Pepper and Schweppes licensed from Keurig Dr Pepper; juice brands licensed from Dole and Ocean Spray; Celsius, Alani Nu and Rockstar for Celsius Holdings in certain channels; and exclusive chilled direct-store-delivery to small-format and foodservice customers for the Tropicana Beverages Group portfolio.

The international segments

International Beverages Franchise sells beverage concentrates to authorised and independent bottlers under brands including 7UP, Aquafina, Gatorade, Mirinda, Mountain Dew, Pepsi, Pepsi Black, Pepsi Zero Sugar and Sting Energy, and it makes and distributes SodaStream sparkling water makers. EMEA carries both food and drink: food brands including Cheetos, Chipsy, Doritos, Lay's, Quaker, Sasko, Spekko, Walkers and White Star, beverage brands including 7UP, Adrenaline Rush, Aquafina, Lubimy, Mirinda, Pepsi and Pepsi Zero Sugar, and dairy products including Agusha, Chudo and Domik v Derevne, with its own bottling plants and distribution facilities. Latin America Foods carries Cheetos, Doritos, Emperador, Lay's, Marias Gamesa, Quaker, Ruffles, Sabritas, Saladitas Gamesa and Tostitos. Asia Pacific Foods carries BaiCaoWei, Cheetos, Doritos, Kurkure, Lay's, Quaker and Smith's, through consolidated businesses and through noncontrolled affiliates.

How it reaches the shelf

Products come to market through direct-store-delivery, customer warehouse and distributor networks, and are also sold to consumers on company-owned and third-party e-commerce websites and mobile commerce applications. Under direct-store-delivery, PepsiCo, its independent bottlers and its distributors deliver straight to retail stores, where the products are merchandised by their own people, which suits items that are restocked often and respond to in-store promotion. Customer warehouse delivery, from manufacturing plants and distribution centres to the customer's own warehouse, is the less costly of the two. Third-party distributors carry many products where a wider range on one delivery vehicle extends reach, and the foodservice and vending business reaches restaurants, businesses, schools and stadiums that way.

Customers

Customers include wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount and dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorised independent bottlers. Independent bottlers normally hold exclusive contracts to sell and manufacture certain branded beverages within a defined geographic area, and PepsiCo charges them for concentrate, finished goods and Aquafina royalties while specifying the manufacturing process required for product quality. Customers get financial incentives to help distribute and promote the products: volume-based rebates, product placement fees, promotions and displays for independent distributors and retailers, and annually negotiated bottler funding covering consumer incentives, advertising support, new product support and vending and cooler equipment placement. Sales to Walmart and its affiliates, including Sam's Club, were about 14 percent of what the company sold in 2025, spread across every segment and including concentrate sold to independent bottlers for finished goods they then sold on to Walmart.

From PepsiCo's annual report on Form 10-K for the year ended 27 December 2025. The filing

Compare with another name What $10,000 in PepsiCo became

Latest results

Latest quarterQ3 FY2026ended 5 September 2026 · 10-Q filed 8 October 2026
Revenue
$25.3 billion
+5.6% on the year · +4.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
$3.0 billion
+17.1% on the year · +2.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.23
+17.4% on the year · +2.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 27 December 2025 · 10-K filed 3 February 2026
Revenue
$93.9 billion
+2.3% on the year
FY2018FY2025
Net income
$8.2 billion
-14.0% on the year
FY2018FY2025
Diluted EPS
$6.00
-13.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsPepsiCo (PEP) reported revenue of $93.9 billion for fiscal 2025, the year ended 27 December 2025, up 2.3% on the year before. Net income was $8.2 billion and diluted earnings per share $6.00. Revenue was $91.9 billion in fiscal 2024, $91.5 billion in fiscal 2023, $86.4 billion in fiscal 2022 and $79.5 billion in fiscal 2021. Net income in the same years was $9.6 billion, $9.1 billion, $8.9 billion and $7.6 billion. Over the twelve months to 5 September 2026, PepsiCo reported revenue of $98.2 billion and net income of $10.9 billion. Revenue grew 5.9% a year, compounded, over the five years to fiscal 2025. PepsiCo declared $5.80 a share in dividends over the last four quarters and had 1.36 billion shares outstanding at the latest filed count. At 5 September 2026 it carried $51.9 billion of debt and $10.7 billion of cash. At the close of 6 November 2026 the market cap of PepsiCo was $192.6 billion, 17.8 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE48.9%
ROCE20.3%
Operating margin15.3%
Net margin11.1%
FCF margin10.7%
Interest cover13.6x
Debt to equity2.33x
Cash conversion1.34x
Share count, last 12 months-0.3%
Sales CAGR, 3 years2.8%
Profit CAGR, 3 years-2.6%
EPS, TTM$7.96

At the close of 6 November 2026

Price$141.31
Market cap$192.6 billion
Stock P/E17.8x
Price to book8.6x
EV / EBITDA12.5x
Dividend yield4.1%
Market cap / sales2.0x
52-week high$170.49
52-week low$123.63
Price, 1 year-0.2%
Price CAGR, 3 years-5.4%
Price CAGR, 5 years-3.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of PepsiCo Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
PEPgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022Q3 FY2022Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue25,24816,20020,22521,97127,99617,84622,32223,45327,85018,25022,50123,31927,78417,91922,72623,93729,34319,44324,18125,274
Cost of revenue12,1307,4339,41510,30813,4207,98810,12110,67513,0978,2489,91910,39613,1817,92610,30411,11313,7238,71211,07011,520
Gross profit13,1188,76710,81011,66314,5769,85812,20112,77814,75310,00212,58212,92314,6039,99312,42212,82415,62010,73113,11113,754
Gross margin52%54%53%53%52%55%55%54%53%55%56%55%53%56%55%54%53%55%54%54%
SG&A10,5566,5807,3878,29512,1977,2298,5428,75712,1497,2858,5349,02712,3207,4108,7739,12212,0637,5189,0889,494
Operating income2,5625,2672,0773,3538152,6293,6594,0151,6832,7174,0483,8722,2502,5831,7893,5693,5573,2134,0234,260
Operating margin10%33%10%15%3%15%16%17%6%15%18%17%8%14%8%15%12%17%17%17%
Interest expense1,132240236190273200201201217202234219264264260264333301230242
Pre-tax income1,5885,1611,8393,1995062,4903,5183,8761,5332,5733,8703,6941,8092,3421,5713,3313,0002,9703,8523,904
Tax rate16%17%21%15%-6%22%21%20%14%20%20%20%15%21%19%21%15%21%22%21%
Net income1,3224,2611,4292,7025181,9322,7483,0921,3022,0423,0832,9301,5231,8341,2632,6032,5402,3272,9813,048
Net margin5%26%7%12%2%11%12%13%5%11%14%13%5%10%6%11%9%12%12%12%
Diluted EPS$0.95$3.06$1.03$1.95$0.37$1.40$1.99$2.24$0.94$1.48$2.23$2.13$1.11$1.33$0.92$1.90$1.85$1.70$2.18$2.23
Operating cash flow4,982-1742,0554,4254,505-3922,4115,6115,812-1,0412,3564,9056,287-9731,9694,4726,61941.02,3245,585
Capital expenditure2,3495229771,0572,6515819321,0242,9816141,0871,1492,4686039049921,916447819916
Free cash flow2,633-6961,0783,3681,854-9731,4794,5872,831-1,6551,2693,7563,819-1,5761,0653,4804,703-4061,5054,669
Buybacks0.0193506457344160293298249146315299240183311258248182297260
Dividends paid1,4871,5051,4921,5891,5861,6081,5911,7421,7411,7671,7391,8631,8601,8821,8611,9491,9461,9661,9482,021
Shares outstanding1,383m1,383m1,380m1,378m1,377m1,378m1,377m1,375m1,374m1,375m1,374m1,372m1,371m1,371m1,369m1,367m1,367m1,367m1,365m1,363m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue39,47443,25143,23257,83866,50465,49266,41566,68363,05662,79963,52564,66167,16170,37279,47486,39291,47191,85493,92598,241
Cost of revenue18,03820,35120,09926,57531,59331,29131,24331,23828,73128,20928,78529,38130,13231,79737,07540,57641,88141,74443,06645,025
Gross profit21,43622,90023,13331,26334,91134,20135,17235,44534,32534,59034,74035,28037,02938,57542,39945,81649,59050,11050,85953,216
Gross margin54.3%52.9%53.5%54.1%52.5%52.2%53.0%53.2%54.4%55.1%54.7%54.6%55.1%54.8%53.3%53.0%54.2%54.6%54.1%54.2%
Research and developmentn/a388414488525552665718754760737680711719752771804813839n/a
Selling, general and administrative14,19615,87715,02622,81425,14524,97025,35725,77224,61324,73524,45325,17026,73828,49531,23734,45936,67737,19037,36838,163
Operating income7,1826,9598,0448,3329,6339,1129,7059,5818,3539,78510,27610,11010,29110,08011,16211,51211,98612,88711,49815,053
Operating margin18.2%16.1%18.6%14.4%14.5%13.9%14.6%14.4%13.2%15.6%16.2%15.6%15.3%14.3%14.0%13.3%13.1%14.0%12.2%15.3%
Interest expense2243293979038568999119099701,3421,1511,2199351,1281,8639398199191,1211,106
Pre-tax income7,6437,0458,0798,2328,8348,3048,8918,7577,4428,5539,6029,1899,3129,0699,82110,70511,41711,94610,24413,726
Income tax1,9731,8792,1001,8942,3722,0902,1042,1991,9412,1744,694-3,3701,9591,8942,1421,7272,2622,3201,9492,759
Effective tax rate25.8%26.7%26.0%23.0%26.9%25.2%23.7%25.1%26.1%25.4%48.9%-36.7%21.0%20.9%21.8%16.1%19.8%19.4%19.0%20.1%
Net income5,6585,1425,9466,3206,4436,1786,7406,5135,4526,3294,85712,5157,3147,1207,6188,9109,0749,5788,24010,896
Net margin14.3%11.9%13.8%10.9%9.7%9.4%10.1%9.8%8.6%10.1%7.6%19.4%10.9%10.1%9.6%10.3%9.9%10.4%8.8%11.1%
Diluted EPS$3.41$3.21$3.77$3.91$4.03$3.92$4.32$4.27$3.67$4.36$3.38$8.78$5.20$5.12$5.49$6.42$6.56$6.95$6.00$7.96
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
PepsiCo Beverages North American/an/an/an/an/an/an/an/a20,93621,07221,73022,55925,27626,21327,62627,76928,19730.0%
PepsiCo Foods North American/an/an/an/an/an/an/an/an/an/an/an/an/an/a28,01527,43127,52829.3%
Europe, Middle East & Africa (Segment)n/an/an/an/an/an/an/an/an/an/an/an/an/an/a16,21016,65818,02519.2%
Latin America Foods (Segment)n/an/an/an/an/an/an/an/an/an/an/an/an/an/a10,57610,56810,54911.2%
International Beverage Franchisen/an/an/an/an/an/an/an/an/an/an/an/an/an/a4,5594,8794,9975.3%
Asia Pacific Foods (Segment)n/an/an/an/an/an/an/an/an/an/an/an/an/an/a4,4854,5494,6294.9%
Africa, Middle East and South Asian/an/an/an/an/an/an/an/a3,6743,6573,6514,5736,0786,438n/an/an/an/a
All Other Countriesn/an/an/a16,070n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Asia Pacific, Australia and New Zealand, and China Regionn/an/an/an/an/an/an/an/a2,8842,7942,9193,4454,6154,787n/an/an/an/a
Asia, Middle East and North African/an/an/an/a6,4316,6186,3756,338n/an/an/an/an/an/an/an/an/an/a
Braziln/an/an/a1,866n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Canada1,996n/an/a3,290n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Europen/a9,60213,560n/an/an/an/an/a10,52210,97311,72811,92213,03812,724n/an/an/an/a
Europe Sub-Saharan African/an/an/an/a13,82813,39910,51010,216n/an/an/an/an/an/an/an/an/an/a
Frito Lay North America12,42112,57313,32213,57414,12614,50214,78215,54915,79816,34617,07818,18919,60823,291n/an/an/an/a
LAF5,7036,3157,156n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Latin American/an/an/an/a9,3359,4258,2286,8207,2087,3547,5736,9428,1089,779n/an/an/an/a
Mexico3,210n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
North America Beveragesn/an/an/an/a20,08320,17120,61821,312n/an/an/an/an/an/an/an/an/an/a
PAB10,11620,40122,41821,408n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pepsico Asia Middle East And Africa5,2776,2917,3926,653n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Quaker Foods North America2,6872,6562,6562,6362,6122,5682,5432,5642,5032,4652,4822,7422,7513,160n/an/an/an/a
United Kingdom1,826n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Corporaten/an/an/an/an/a00n/an/an/an/an/an/an/an/an/an/an/a
Corporate Unallocatedn/an/an/an/an/an/an/a0n/an/an/an/an/an/an/an/an/an/a
PepsiCo Beverages North America FY2017 to FY2025PepsiCo Foods North America FY2023 to FY2025Europe, Middle East & Africa (Segment) FY2023 to FY2025Latin America Foods (Segment) FY2023 to FY2025International Beverage Franchise FY2023 to FY2025Asia Pacific Foods (Segment) FY2023 to FY2025Frito Lay North America FY2009 to FY2022Europe FY2010 to FY2022Latin America FY2013 to FY2022Quaker Foods North America FY2009 to FY2022Africa, Middle East and South Asia FY2017 to FY2022Asia Pacific, Australia and New Zealand, and China Region FY2017 to FY2022North America Beverages FY2013 to FY2016Europe Sub-Saharan Africa FY2013 to FY2016Asia, Middle East and North Africa FY2013 to FY2016PAB FY2009 to FY2012Pepsico Asia Middle East And Africa FY2009 to FY2012All Other Countries FY2012Canada FY2009 to FY2012Brazil FY2012LAF FY2009 to FY2011Mexico FY2009United Kingdom FY2009
57.8FY201066.4FY201362.8FY201667.2FY201986.4FY202293.9FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Corporate and Corporate Unallocated are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2010 to FY2025, 1 year left out

The operating profit each segment reports. Costs PepsiCo does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2010FY2011FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
PepsiCo Beverages North American/an/an/an/an/an/a2,7002,2762,1791,9372,4425,4262,5842,3021,0893.9%
PepsiCo Foods North American/an/an/an/an/an/an/an/an/an/an/an/a7,2476,6196,17322.4%
Europe, Middle East & Africa (Segment)n/an/an/an/an/an/an/an/an/an/an/an/a1,7641,9712,10611.7%
Latin America Foods (Segment)n/an/an/an/an/an/an/an/an/an/an/an/a1,8982,0522,01019.1%
International Beverage Franchisen/an/an/an/an/an/an/an/an/an/an/an/a5671,4621,76935.4%
Asia Pacific Foods (Segment)n/an/an/an/an/an/an/an/an/an/an/an/a3013773698.0%
Africa, Middle East and South Asian/an/an/an/an/an/a789661671600858666n/an/an/an/a
Asia Pacific, Australia and New Zealand, and China Regionn/an/an/an/an/an/a401619477590673537n/an/an/an/a
Asia, Middle East and North African/an/a1,140985941619n/an/an/an/an/an/an/an/an/an/a
Europe1,0541,210n/an/an/an/a1,1991,2561,3271,3531,292-1,380n/an/an/an/a
Europe Sub-Saharan African/an/a1,3271,3891,0811,061n/an/an/an/an/an/an/an/an/an/a
Frito Lay North America3,3763,6213,8774,0544,3044,6124,7935,0085,2585,3405,6336,135n/an/an/an/a
LAF1,0041,078n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Latin American/an/a1,6171,636-2069049241,0491,1411,0331,3691,627n/an/an/an/a
North America Beveragesn/an/a2,5802,4212,7852,947n/an/an/an/an/an/an/an/an/an/a
PAB2,7763,273n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pepsico Asia Middle East And Africa708887n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Quaker Foods North America741797617621560649640637544669578604n/an/an/an/a
PepsiCo Beverages North America FY2017 to FY2025North America Beverages FY2013 to FY2016PAB FY2010 to FY2011PepsiCo Foods North America FY2023 to FY2025Frito Lay North America FY2010 to FY2022Europe, Middle East & Africa (Segment) FY2023 to FY2025Europe FY2010 to FY2022Europe Sub-Saharan Africa FY2013 to FY2016Latin America Foods (Segment) FY2023 to FY2025Latin America FY2013 to FY2022Pepsico Asia Middle East And Africa FY2010 to FY2011International Beverage Franchise FY2023 to FY2025Quaker Foods North America FY2010 to FY2022Asia Pacific Foods (Segment) FY2023 to FY2025Africa, Middle East and South Asia FY2017 to FY2022Asia, Middle East and North Africa FY2013 to FY2016Asia Pacific, Australia and New Zealand, and China Region FY2017 to FY2022LAF FY2010 to FY2011
9.7FY201011.2FY20139.5FY201511.4FY201711.6FY201912.8FY202114.4FY202313.5FY2025

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
PepsiCo Beverages North America30%8%
PepsiCo Foods North America29%46%
Europe, Middle East & Africa (Segment)19%16%
Latin America Foods (Segment)11%15%
International Beverage Franchise5%13%
Asia Pacific Foods (Segment)5%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2014 to FY2025

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States34,21935,26636,73236,54637,14838,64440,80044,54549,39052,16551,66852,22855.6%
All Other Countries16,95115,37414,25413,36614,36914,80514,75415,47715,82616,87217,02317,94119.1%
Mexico4,1133,6873,4313,6503,8784,1903,9244,5805,4727,0117,1236,9477.4%
RUn/an/an/an/a3,1913,2633,0093,4264,1183,5663,8804,7685.1%
Canada3,0222,6772,6922,6912,7362,8312,9893,4053,5363,7223,7643,7294.0%
Chinan/an/an/a9631,1641,3001,7322,6792,7522,7032,7092,6212.8%
United Kingdom2,1741,9661,7371,6501,7431,7231,8822,1021,8441,9462,0632,1422.3%
Brazil1,7901,2891,3051,427n/an/an/a1,2521,6171,7791,7651,7821.9%
ZAn/an/an/an/a4324051,2822,0081,8371,7071,8591,7671.9%
Russia4,4142,7972,6483,232n/an/an/an/an/an/an/an/an/a
United StatesAll Other CountriesMexicoRU FY2018 to FY2025CanadaChina FY2017 to FY2025United KingdomRussia FY2014 to FY2017Other
63.1FY201563.5FY201767.2FY201979.5FY202191.5FY202393.9FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow6,9346,9996,7968,4488,9448,4799,68810,50610,86410,66310,0309,4159,64910,61311,61610,81113,44212,50712,08714,569
Capital expenditure2,4302,4462,1283,2533,3392,7142,7952,8592,7583,0402,9693,2824,2324,2404,6255,2075,5185,3184,4154,098
Free cash flow4,5044,5534,6685,1955,6055,7656,8937,6478,1067,6237,0616,1335,4176,3736,9915,6047,9247,1897,67210,471
Free cash flow margin11.4%10.5%10.8%9.0%8.4%8.8%10.4%11.5%12.9%12.1%11.1%9.5%8.1%9.1%8.8%6.5%8.7%7.8%8.2%10.7%
Cash from investing-3,744-2,667-2,401-7,668-5,618-3,005-2,625-4,937-3,569-7,148-4,4034,564-6,437-11,619-3,269-2,430-5,495-5,472-6,879-3,989
Cash from financing-4,006-3,025-2,4971,386-5,135-3,306-3,789-8,264-4,112-3,211-4,186-13,769-8,4893,819-10,780-8,523-3,009-7,556-4,979-7,875
Depreciation and amortisation1,4261,5431,6352,3272,7372,6892,6632,6252,4162,3682,3692,3992,4322,5482,7102,7632,9483,1603,4513,708
Share-based compensation260238227299326278303297295284292256237264301343380362288321
Buybacks4,3004,7200.04,9782,4893,2193,0015,0125,0003,0002,0002,0003,0002,0001061,5001,0001,0001,000987
Dividends paid2,2042,5412,7322,9783,1573,3053,4343,7304,0404,2274,4724,9305,3045,5095,8156,1726,6827,2297,6387,881
Dividend per sharen/a$1.65$1.77$1.89$2.02$2.13$2.24$2.53$2.76$2.96$3.17$3.59$3.79$4.02$4.25$4.53$4.95$5.33$5.62n/a
Diluted shares, weightedn/a1,602m1,577m1,614m1,597m1,575m1,560m1,527m1,485m1,452m1,438m1,425m1,407m1,392m1,389m1,387m1,383m1,378m1,373m1,367m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,363m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity17,29612,20316,90821,27320,70422,41724,40917,57812,06811,24611,04514,51814,78613,45416,04317,14918,50318,04120,40622,292
Non-controlling interestn/a476638312311-10511011010710492.084.082.098.0108124134130141195
Short-term borrowingsn/a369464n/an/an/an/an/an/an/an/a4,0262,920n/an/an/an/an/an/an/a
Debtn/a7,8587,50224,89726,77328,35929,63928,89733,28436,94539,28132,24831,99644,15040,33439,07144,10544,30649,18251,881
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a1,1181,2331,5981,9332,4002,8033,127n/a
Other liabilitiesn/a15,08814,33621,67125,09423,96723,32023,92424,20825,19529,38626,77227,64533,98334,29433,91035,35334,18734,54337,608
Total liabilities and equityn/a35,99439,84868,15372,88274,63877,47870,50969,66773,49079,80477,64878,54792,91892,37792,187100,49599,467107,399111,976
Owned
Fixed assetsn/a11,66312,67119,05819,69819,13618,57517,24416,31716,59117,24017,58919,30521,36922,40724,29127,03928,00829,90529,731
Goodwilln/a5,1246,53414,66116,80016,97116,61314,96514,17714,43014,74414,80815,50118,75718,38118,20217,72817,53418,91618,884
Intangible assetsn/a7328412,0251,8881,7811,6381,4491,2701,2371,2681,6441,4331,7031,5381,2771,1991,1025001,165
Investmentsn/a2131924263583223032,5922,9136,9678,9002722291,366392394292761371488
Trading assetsn/an/an/a167157161184n/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents9102,0643,9435,9434,0676,2979,3756,1349,0969,15810,6108,7215,5098,1855,5964,9549,7118,5059,15910,675
Inventoryn/a2,5222,6183,3723,8273,5813,4093,1432,7202,7232,9473,1283,3384,1724,3475,2225,3345,3065,8456,434
Other assetsn/a13,67613,04922,50126,08726,38927,38124,98223,17422,38424,09531,48633,23237,36639,71637,84739,19238,25142,70344,599
Total assetsn/a35,99439,84868,15372,88274,63877,47870,50969,66773,49079,80477,64878,54792,91892,37792,187100,49599,467107,399111,976
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.1%5.9%2.8%6.4%
Profit growth, compounded4.2%3.0%-2.6%50.9%
Return on equity, average53.1%48.4%47.5%40.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was PepsiCo's revenue in fiscal 2025?

PepsiCo (PEP) reported revenue of $93.9 billion for fiscal 2025, the year ended 27 December 2025, up 2.3% on the year before.

How much did PepsiCo earn in fiscal 2025?

Net income was $8.2 billion for fiscal 2025, and diluted earnings per share $6.00.

What is PepsiCo's P/E ratio?

At the close of 6 November 2026, PepsiCo traded at 17.8 times its earnings over the twelve months to 5 September 2026.

What is PepsiCo's market cap?

The market cap of PepsiCo was $192.6 billion at the close of 6 November 2026.

Does PepsiCo pay a dividend?

Yes. PepsiCo declared $5.80 a share in dividends over the four quarters to 5 September 2026.

Peers: Beer & Liquor

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Coca-Cola Co. KO$411.5 billion28.1439.1%30.0%7.1%1.112.2%
PepsiCo Inc. PEP$192.6 billion17.7548.9%15.3%6.4%2.334.1%
Anheuser-Busch InBev SA/NV BUD *$169.5 billion24.777.8%26.0%-0.7%0.842.7%
Diageo plc DEO *$55.5 billion32.0116.0%11.4%-0.7%1.983.3%
Keurig Dr Pepper Inc. KDP$49.8 billion36.985.7%16.2%27.5%1.202.5%
Ambev S.A. ABEV *$44.0 billion15.3117.6%26.4%-1.4%0.04n/a
Constellation Brands, Inc. STZ$24.0 billion12.7422.4%30.2%-4.3%1.202.9%
Brown Forman Corp. BF.B$14.0 billion19.7418.2%25.4%-0.8%0.613.0%
Primo Brands Corp. PRMB$8.1 billion39.956.8%8.6%-13.0%1.692.1%
Vita Coco Company, Inc. COCO$3.6 billion31.3628.1%19.9%26.0%0.00n/a
Westrock Coffee Co. WEST$876 millionn/an/a-0.3%16.3%n/an/a
Amass Brands AMSS$3 millionn/an/an/an/an/an/a
All 14 in Beer & Liquor
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Coca-Cola Co. KO$411.5 billion28.1439.1%30.0%7.1%1.112.2%
PepsiCo Inc. PEP$192.6 billion17.7548.9%15.3%6.4%2.334.1%
Anheuser-Busch InBev SA/NV BUD *$169.5 billion24.777.8%26.0%-0.7%0.842.7%
Diageo plc DEO *$55.5 billion32.0116.0%11.4%-0.7%1.983.3%
Keurig Dr Pepper Inc. KDP$49.8 billion36.985.7%16.2%27.5%1.202.5%
Ambev S.A. ABEV *$44.0 billion15.3117.6%26.4%-1.4%0.04n/a
Constellation Brands, Inc. STZ$24.0 billion12.7422.4%30.2%-4.3%1.202.9%
Brown Forman Corp. BF.B$14.0 billion19.7418.2%25.4%-0.8%0.613.0%
Primo Brands Corp. PRMB$8.1 billion39.956.8%8.6%-13.0%1.692.1%
Molson Coors Beverage Co. TAP$7.5 billion8.588.7%10.2%-2.3%0.584.7%
Vita Coco Company, Inc. COCO$3.6 billion31.3628.1%19.9%26.0%0.00n/a
Boston Beer Co. Inc. SAM$2.2 billionn/a-9.9%-5.1%-3.7%0.00n/a
Westrock Coffee Co. WEST$876 millionn/an/a-0.3%16.3%n/an/a
Amass Brands AMSS$3 millionn/an/an/an/an/an/a
10 companies share its SEC industry code (Beverages); the rest are the names nearest in size in its wider industry, Beer & Liquor, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on PEP

Dividends$5.805 a share over the four quarters to 5 September 2026, a 4.11% yield
Filings21 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 other events; 2 officer or director change; 1 shareholder vote; 1 regulation FD disclosure
Planned insider sales8 Form 144 notices in twelve months, $14.9 million; latest 21 October 2026
Options tapeput/call 0.62 by open interest at the 6 November 2026 close; the straddle prices a 2.9% move to 13 November 2026
13F holders3,438 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading5 sales and 4 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest27.5 million shares short, 2.52 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q5 September 20268 October 2026EDGAR
10-Q13 June 20269 July 2026EDGAR
10-Q21 March 202616 April 2026EDGAR
10-K27 December 20253 February 2026EDGAR
10-Q6 September 20259 October 2025EDGAR
10-Q14 June 202517 July 2025EDGAR
10-Q22 March 202524 April 2025EDGAR
10-K28 December 20244 February 2025EDGAR
10-Q7 September 20248 October 2024EDGAR
10-Q15 June 202411 July 2024EDGAR

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