PepsiCo

PEP · NASDAQ · USD

$125.89+0.23%+$0.29

Close · October 2, 2026

At a glance

Revenue growth: +2.25%; 2025 vs 2024
Net income growth: −13.97%; 2025 vs 2024
Net margin: 8.8%; 2024: 10.4%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	93,925	91,854	91,471	86,392	79,474	70,372	67,161	64,661	63,525	62,799
Cost of revenue	42,773	41,435	41,732	40,342	37,046	31,735	29,983	29,381	28,796	28,222
Gross profit	51,152	50,419	49,739	46,050	42,428	38,637	37,178	35,280	34,729	34,577
Selling, general and administrative	35,326	34,718	34,938	32,954	29,814	26,993	25,749	24,227	23,366	23,584
Research and development	839	813	804	771	752	719	711	680	737	760
Operating income	14,983	14,881	13,996	12,310	11,858	10,931	10,719	10,376	10,627	10,229
EBIT	14,983	14,881	13,996	12,310	11,858	10,931	10,719	10,376	10,627	10,229
EBITDA	18,174	17,842	16,785	14,950	14,433	13,327	12,985	12,571	12,772	12,383
Interest expense	1,121	926	828	780	1,799	1,257	928	1,219	1,151	1,342
Pre-tax income	10,244	11,946	11,417	10,705	9,821	9,069	9,312	9,189	9,602	8,553
Income tax	1,949	2,320	2,262	1,727	2,142	1,894	1,959	-3,370	4,694	2,174
Net income	8,240	9,578	9,074	8,910	7,618	7,120	7,314	12,515	4,857	6,329
Net income to common shareholders	8,240	9,578	9,074	8,910	7,618	7,120	7,314	12,513	4,853	6,323
Basic EPS	6.02	6.98	6.59	6.46	5.51	5.14	5.23	8.84	3.41	4.39
Diluted EPS	6.00	6.95	6.56	6.42	5.49	5.12	5.20	8.78	3.38	4.36
Average shares (basic)	1,369	1,373	1,376	1,380	1,382	1,385	1,399	1,415	1,425	1,439
Average shares (diluted)	1,373	1,378	1,383	1,387	1,389	1,392	1,407	1,425	1,438	1,452
Dividend per share	5.62	5.33	4.95	4.53	4.25	4.02	3.79	3.59	3.17	2.96