PEP
PepsiCo, Inc.
Stock
$128.50−0.13 (−0.10%)Close Sep 28, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.9B | $93.9B | $91.9B | $91.5B | $86.4B | $79.5B | $70.4B | $67.2B | $64.7B | $63.5B | $62.8B | $63.1B | $66.7B | $66.4B | $65.5B | $66.5B | $57.8B | $43.2B | $43.3B | $39.5B |
| Cost of revenue | $44.6B | $43.1B | $41.7B | $41.9B | $40.6B | $37.1B | $31.8B | $30.1B | $29.4B | $28.8B | $28.2B | $28.7B | $31.2B | $31.2B | $31.3B | $31.6B | $26.6B | $20.1B | $20.4B | $18.0B |
| Gross profit | $52.3B | $50.9B | $50.1B | $49.6B | $45.8B | $42.4B | $38.6B | $37.0B | $35.3B | $34.7B | $34.6B | $34.3B | $35.4B | $35.2B | $34.2B | $34.9B | $31.3B | $23.1B | $22.9B | $21.4B |
| R&D | — | $839M | $813M | $804M | $771M | $752M | $719M | $711M | $680M | $737M | $760M | $754M | $718M | $665M | $552M | $525M | $488M | $414M | $388M | — |
| SG&A | $37.8B | $37.4B | $37.2B | $36.7B | $34.5B | $31.2B | $28.5B | $26.7B | $25.2B | $24.5B | $24.8B | $24.6B | $25.8B | $25.4B | $25.0B | $25.1B | $22.8B | $15.0B | $15.9B | $14.2B |
| Other operating expenses | $133M | $1.2B | — | $123M | — | — | — | — | — | — | — | $605M | — | — | — | — | — | — | — | $58M |
| Operating income | $14.4B | $11.5B | $12.9B | $12.0B | $11.5B | $11.2B | $10.1B | $10.3B | $10.1B | $10.3B | $9.8B | $8.4B | $9.6B | $9.7B | $9.1B | $9.6B | $8.3B | $8.0B | $7.0B | $7.2B |
| Non-operating income | −$1.2B | −$1.3B | −$941M | −$569M | −$807M | −$1.3B | −$1.0B | −$979M | −$921M | −$674M | −$1.3B | −$911M | −$824M | −$814M | −$808M | −$799M | −$100M | $35M | $86M | $461M |
| Pretax income | $13.2B | $10.2B | $11.9B | $11.4B | $10.7B | $9.8B | $9.1B | $9.3B | $9.2B | $9.6B | $8.6B | $7.4B | $8.8B | $8.9B | $8.3B | $8.8B | $8.2B | $8.1B | $7.0B | $7.6B |
| Taxes | $2.7B | $2.0B | $2.4B | $2.3B | $1.8B | $2.2B | $1.9B | $2.0B | −$3.3B | $4.7B | $2.2B | $2.0B | $2.2B | $2.2B | $2.1B | $2.4B | $1.9B | $2.1B | $1.9B | $2.0B |
| Net income | $10.5B | $8.2B | $9.6B | $9.1B | $8.9B | $7.6B | $7.1B | $7.3B | $12.5B | $4.9B | $6.3B | $5.5B | $6.5B | $6.7B | $6.2B | $6.4B | $6.3B | $5.9B | $5.1B | $5.7B |
| Diluted EPS | $7.63 | $6.00 | $6.95 | $6.56 | $6.42 | $5.49 | $5.12 | $5.20 | $8.78 | $3.38 | $4.36 | $3.67 | $4.27 | $4.32 | $3.92 | $4.03 | $3.91 | $3.77 | $3.21 | $3.41 |
| Diluted shares | — | 1.37B | 1.38B | 1.38B | 1.39B | 1.39B | 1.39B | 1.41B | 1.43B | 1.44B | 1.45B | 1.49B | 1.53B | 1.56B | 1.58B | 1.60B | 1.61B | 1.58B | 1.60B | — |
| Revenue growth | — | +2.3% | +0.4% | +5.9% | +8.7% | +12.9% | +4.8% | +3.9% | +1.8% | +1.2% | −0.4% | −5.4% | +0.4% | +1.4% | −1.5% | +15.0% | +33.8% | 0.0% | +9.6% | — |
| Gross margin | 54.0% | 54.1% | 54.6% | 54.2% | 53.0% | 53.3% | 54.8% | 55.1% | 54.6% | 54.7% | 55.1% | 54.4% | 53.2% | 53.0% | 52.2% | 52.5% | 54.1% | 53.5% | 52.9% | 54.3% |
| Operating margin | 14.8% | 12.2% | 14.0% | 13.1% | 13.3% | 14.0% | 14.3% | 15.3% | 15.6% | 16.2% | 15.6% | 13.2% | 14.4% | 14.6% | 13.9% | 14.5% | 14.4% | 18.6% | 16.1% | 18.2% |
| Net margin | 10.8% | 8.8% | 10.4% | 9.9% | 10.3% | 9.6% | 10.1% | 10.9% | 19.4% | 7.6% | 10.1% | 8.6% | 9.8% | 10.1% | 9.4% | 9.7% | 10.9% | 13.8% | 11.9% | 14.3% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.