PepsiCo PEP financials
Consumer Staples ยท Statements and segments from its SEC filings, 2007 to 2025.
PepsiCo revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.
- revenue by segment: PepsiCo Beverages North America, PepsiCo Foods North America, Europe, Middle East & Africa (Segment), Latin America Foods (Segment), International Beverage Franchise, Asia Pacific Foods (Segment), Frito Lay North America, NAB, ESSA, Europe, Latin America, Amena, Africa, Middle East and South Asia, Asia Pacific, Australia and New Zealand, and China Region, Quaker Foods North America, Corporate
- revenue by region: United States, All Other Countries, Mexico, Russian Federation, Canada, China, United Kingdom, Brazil, South Africa, Russia
- operating income by segment: PepsiCo Foods North America, Europe, Middle East & Africa (Segment), Latin America Foods (Segment), International Beverage Franchise, PepsiCo Beverages North America, Asia Pacific Foods (Segment), Frito Lay North America, NAB, Latin America, Corporate, ESSA, Europe, Amena, Africa, Middle East and South Asia, Asia Pacific, Australia and New Zealand, and China Region, Quaker Foods North America
The numbers
Annual figures
| Line | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.8B | $63.5B | $64.7B | $67.2B | $70.4B | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B |
| Gross profit | $34.6B | $34.7B | $35.3B | $37B | $38.6B | $42.4B | $45.8B | $49.6B | $50.1B | $50.9B |
| Operating income | $9.8B | $10.3B | $10.1B | $10.3B | $10.1B | $11.2B | $11.5B | $12B | $12.9B | $11.5B |
| Net income | $6.3B | $4.9B | $12.5B | $7.3B | $7.1B | $7.6B | $8.9B | $9.1B | $9.6B | $8.2B |
| EPS (diluted) | $4.36 | $3.38 | $8.78 | $5.20 | $5.12 | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
| Operating cash flow | $10.7B | $10B | $9.4B | $9.6B | $10.6B | $11.6B | $10.8B | $13.4B | $12.5B | $12.1B |
| Free cash flow | $7.6B* | $7.1B* | $6.1B* | $5.4B* | $6.4B* | $7B* | $5.6B* | $7.9B* | $7.2B* | $7.7B* |
| Cash & equivalents | $9.2B | $10.6B | $8.7B | $5.5B | $8.2B | $5.6B | $5B | $9.7B | $8.5B | $9.2B |
| Total debt | $34.5B | $37.8B | $32.2B | $32B | $43.7B | $39.9B | $38.8B | $41.5B | $41.2B | $46.4B |
| 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% |
Latest quarters
| Line | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.8B* | $17.9B | $22.7B | $23.9B | $29.3B* | $19.4B | $24.2B | $25.3B |
| Gross profit | $14.6B* | $10B | $12.4B | $12.8B | $15.6B* | $10.7B | $13.1B | $13.8B |
| Operating income | $2.3B* | $2.6B | $1.8B | $3.6B | $3.6B* | $3.2B | $4B | $4.3B |
| Net income | $1.5B* | $1.8B | $1.3B | $2.6B | $2.5B* | $2.3B | $3B | $3B |
| EPS (diluted) | $1.11* | $1.33 | $0.92 | $1.90 | $1.85* | $1.70 | $2.18 | $2.23 |
| Operating cash flow | $6.3B* | -$973M | $2B* | $4.5B* | $6.6B* | $41M | $2.3B* | $5.6B* |
| Free cash flow | $3.8B* | -$1.6B* | $1.1B* | $3.5B* | $4.7B* | -$406M* | $1.5B* | $4.7B* |
| Cash & equivalents | $8.5B | $8.3B | $7.6B | $8.1B | $9.2B | $10.5B | $10.3B | $10.7B |
| Total debt | $41.2B | $39.4B | $39.3B | $44.1B | $46.4B | $42.6B | $42.6B | $42.7B |
| Gross margin | 52.6% | 55.8% | 54.7% | 53.6% | 53.2% | 55.2% | 54.2% | 54.4% |
| Operating margin | 8.1% | 14.4% | 7.9% | 14.9% | 12.1% | 16.5% | 16.6% | 16.9% |
| Net margin | 5.5% | 10.2% | 5.6% | 10.9% | 8.7% | 12.0% | 12.3% | 12.1% |
Revenue by segment
| Line | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PepsiCo Beverages North America | - | $20.9B | $21.1B | $21.7B | $22.6B | $25.3B | $26.2B | $27.6B | $27.8B | $28.2B |
| PepsiCo Foods North America | - | - | - | - | - | - | - | $28B | $27.4B | $27.5B |
| Europe, Middle East & Africa (Segment) | - | - | - | - | - | - | - | $16.2B | $16.7B | $18B |
| Latin America Foods (Segment) | - | - | - | - | - | - | - | $10.6B | $10.6B | $10.5B |
| International Beverage Franchise | - | - | - | - | - | - | - | $4.6B | $4.9B | $5B |
| Asia Pacific Foods (Segment) | - | - | - | - | - | - | - | $4.5B | $4.5B | $4.6B |
| Frito Lay North America | $15.5B | $15.8B | $16.3B | $17.1B | $18.2B | $19.6B | $23.3B | - | - | - |
| NAB | $21.3B | - | - | - | - | - | - | - | - | - |
| ESSA | $10.2B | - | - | - | - | - | - | - | - | - |
| Europe | - | $10.5B | $11B | $11.7B | $11.9B | $13B | $12.7B | - | - | - |
| Latin America | $6.8B | $7.2B | $7.4B | $7.6B | $6.9B | $8.1B | $9.8B | - | - | - |
| Amena | $6.3B | - | - | - | - | - | - | - | - | - |
| Africa, Middle East and South Asia | - | $3.7B | $3.7B | $3.7B | $4.6B | $6.1B | $6.4B | - | - | - |
| Asia Pacific, Australia and New Zealand, and China Region | - | $2.9B | $2.8B | $2.9B | $3.4B | $4.6B | $4.8B | - | - | - |
| Quaker Foods North America | $2.6B | $2.5B | $2.5B | $2.5B | $2.7B | $2.8B | $3.2B | - | - | - |
| Corporate | $0 | - | - | - | - | - | - | - | - | - |
Revenue by region
| Line | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $36.7B | $36.5B | $37.1B | $38.6B | $40.8B | $44.5B | $49.4B | $52.2B | $51.7B | $52.2B |
| All Other Countries | $14.3B | $13.4B | $13.5B | $13.9B | $14.8B | $16.7B | $17.4B | $16.9B | $17B | $17.9B |
| Mexico | $3.4B | $3.7B | $3.9B | $4.2B | $3.9B | $4.6B | $5.5B | $7B | $7.1B | $6.9B |
| Russian Federation | - | - | - | - | $3B | $3.4B | $4.1B | $3.6B | $3.9B | $4.8B |
| Canada | $2.7B | $2.7B | $2.7B | $2.8B | $3B | $3.4B | $3.5B | $3.7B | $3.8B | $3.7B |
| China | - | $963M | $1.2B | $1.3B | $1.7B | $2.7B | $2.8B | $2.7B | $2.7B | $2.6B |
| United Kingdom | $1.7B | $1.7B | $1.7B | $1.7B | $1.9B | $2.1B | $1.8B | $1.9B | $2.1B | $2.1B |
| Brazil | $1.3B | $1.4B | $1.3B | $1.3B | - | - | - | $1.8B | $1.8B | $1.8B |
| South Africa | - | - | - | - | $1.3B | $2B | $1.8B | $1.7B | $1.9B | $1.8B |
| Russia | $2.6B | $3.2B | $3.2B | $3.3B | - | - | - | - | - | - |
Operating income by segment
| Line | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PepsiCo Foods North America | - | - | - | - | - | - | - | $7.2B | $6.6B | $6.2B |
| Europe, Middle East & Africa (Segment) | - | - | - | - | - | - | - | $1.8B | $2B | $2.1B |
| Latin America Foods (Segment) | - | - | - | - | - | - | - | $1.9B | $2.1B | $2B |
| International Beverage Franchise | - | - | - | - | - | - | - | $567M | $1.5B | $1.8B |
| PepsiCo Beverages North America | - | $2.7B | $2.3B | $2.2B | $1.9B | $2.4B | $5.4B | $2.6B | $2.3B | $1.1B |
| Asia Pacific Foods (Segment) | - | - | - | - | - | - | - | $301M | $377M | $369M |
| Frito Lay North America | $4.7B | $4.8B | $5B | $5.3B | $5.3B | $5.6B | $6.1B | - | - | - |
| NAB | $3B | - | - | - | - | - | - | - | - | - |
| Latin America | $887M | $924M | $1B | $1.1B | $1B | $1.4B | $1.6B | - | - | - |
| Corporate | -$1.1B | - | - | - | - | - | - | - | - | - |
| ESSA | $1.1B | - | - | - | - | - | - | - | - | - |
| Europe | - | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | -$1.4B | - | - | - |
| Amena | $619M | - | - | - | - | - | - | - | - | - |
| Africa, Middle East and South Asia | - | $789M | $661M | $671M | $600M | $858M | $666M | - | - | - |
| Asia Pacific, Australia and New Zealand, and China Region | - | $401M | $619M | $477M | $590M | $673M | $537M | - | - | - |
| Quaker Foods North America | $653M | $640M | $637M | $544M | $669M | $578M | $604M | - | - | - |
* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.
About this page
Every figure on this page is read from PepsiCo's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.
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