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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q to Aug 2025	Q2 2025	Q1 2025	Q4 2024	Q to Aug 2024	Q2 2024	Q1 2024	Q4 2023	Q to Aug 2023
Total revenue	24,181	19,443	29,343	23,937	22,726	17,919	27,784	23,319	22,501	18,250	27,850	23,453
Cost of revenue	11,071	8,693	13,595	11,051	10,202	7,925	13,062	10,387	9,911	8,242	12,955	10,687
Gross profit	13,110	10,750	15,748	12,886	12,524	9,994	14,722	12,932	12,590	10,008	14,895	12,766
Selling, general and administrative	9,055	7,613	10,773	8,835	8,557	7,161	10,414	8,753	8,430	7,118	10,948	8,643
Research and development	—	—	839	—	—	—	813	—	—	—	804	—
Operating income	4,071	3,298	4,128	4,046	3,975	2,834	3,504	4,143	4,155	2,915	3,109	4,122
EBIT	4,071	3,298	4,128	4,046	3,975	2,834	3,504	4,143	4,155	2,915	3,109	4,122
EBITDA	4,968	4,040	5,004	4,870	4,782	3,518	4,347	4,882	4,893	3,556	3,925	4,827
Interest expense	225	311	333	264	226	243	274	216	237	226	257	201
Pre-tax income	3,852	2,970	3,000	3,331	1,571	2,342	1,809	3,694	3,870	2,573	1,533	3,876
Income tax	848	632	445	713	292	499	275	749	776	520	209	760
Net income	2,981	2,327	2,540	2,603	1,263	1,834	1,523	2,930	3,083	2,042	1,302	3,092
Net income to common shareholders	2,981	2,327	2,540	2,603	1,263	1,834	1,523	2,930	3,083	2,042	1,302	3,092
Basic EPS	2.18	1.70	1.85	1.90	0.92	1.34	1.11	2.13	2.24	1.49	0.94	2.25
Diluted EPS	2.18	1.70	1.85	1.90	0.92	1.33	1.11	2.13	2.23	1.48	0.94	2.24
Average shares (basic)	1,366	1,367	1,371	1,369	1,371	1,372	1,377	1,373	1,375	1,375	1,381	1,376
Average shares (diluted)	1,369	1,371	1,371	1,372	1,373	1,376	1,377	1,378	1,379	1,380	1,381	1,383
Dividend per share	1.48	1.42	1.42	1.42	1.42	1.36	1.36	1.36	1.36	1.27	1.27	1.27