PepsiCo Inc (PEP) financials
PepsiCo revenue and earnings by year
PepsiCo's revenue was $93.9 billion in the fiscal year to December 27, 2025, up 2.3% from the year before. Net income was $8.24 billion, 8.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 93.9 | 91.9 | 91.5 | 86.4 | 79.5 | 70.4 | 67.2 | 64.7 | 63.5 | 62.8 |
| Revenue growth | 2.3% | 0.4% | 5.9% | 8.7% | 12.9% | 4.8% | 3.9% | 1.8% | 1.2% | — |
| Gross profit | 50.9 | 50.1 | 49.6 | 45.8 | 42.4 | 38.6 | 37.0 | 35.3 | 34.7 | 34.6 |
| Gross margin | 54.1% | 54.6% | 54.2% | 53.0% | 53.3% | 54.8% | 55.1% | 54.6% | 54.7% | 55.1% |
| Operating income | 11.5 | 12.9 | 12.0 | 11.5 | 11.2 | 10.1 | 10.3 | 10.1 | 10.3 | 9.8 |
| Operating margin | 12.2% | 14.0% | 13.1% | 13.3% | 14.0% | 14.3% | 15.3% | 15.6% | 16.2% | 15.6% |
| Net income | 8.2 | 9.6 | 9.1 | 8.9 | 7.6 | 7.1 | 7.3 | 12.5 | 4.9 | 6.3 |
| Net margin | 8.8% | 10.4% | 9.9% | 10.3% | 9.6% | 10.1% | 10.9% | 19.4% | 7.6% | 10.1% |
| Diluted EPS | $6.00 | $6.95 | $6.56 | $6.42 | $5.49 | $5.12 | $5.20 | $8.78 | $3.38 | $4.36 |
| Free cash flow | 8.2 | 7.5 | 8.1 | 5.9 | 7.2 | 6.4 | 5.6 | 6.3 | 7.2 | 7.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PEP in Markets.
How PepsiCo makes money
Revenue by segment in the quarter to September 5, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Pepsi Co Beverages North America | $7.71B | 30.5% |
| Pepsi Co Foods North America | $6.50B | 25.7% |
| Europe Middle East Africa | $5.41B | 21.4% |
| Latin America Foods | $3.02B | 12.0% |
| International Beverage Franchise | $1.40B | 5.5% |
| Asia Pacific Foods | $1.23B | 4.9% |
See also: PEP valuation and P/E history · PEP returns
No forecast, no recommendation. This page describes PepsiCo Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.