PepsiCo PEP
$141.88 +$0.54 (+0.38%)
Market closed · Nov 10, 2:00 am ET · Last extended-hours $141.55 -0.23%
Open$141.56
Prev close$141.34
Day range$140.58 – $143.48
Volume11.45M
Market cap$193.35B
P/E (TTM)17.8
Dividend yield4.09%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$25.27B+5.6% YoY
Operating profit$4.26B+15.1% YoY
Net profit$3.07B+17.3% YoY
Diluted EPS$2.23+17.4% YoY
Free cash flow$4.67B+34.2% YoY
Operating cash flow$5.59B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin54.2%
Operating margin15.3%
Net margin11.1%
Return on equity52.3%
Return on assets10.0%
Return on invested capital16.3%
Current ratio0.94
Liabilities / assets79.9%
Cash & investments$11.16B
Total debt$51.88B
Net cash (debt)-$40.72B
Free cash flow / sales10.7%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $25.27B | $24.18B | $19.44B | $93.93B | $29.34B |
| Total Operating Revenue | $25.27B | $24.18B | $19.44B | $93.93B | $29.34B |
| Cost of Revenue | $11.52B | $11.07B | $8.71B | $43.07B | $13.72B |
| Gross Profit | $13.75B | $13.11B | $10.73B | $50.86B | $15.62B |
| Operating Expense | $9.49B | $9.09B | $7.52B | $37.37B | $12.06B |
| Selling and Admin Expenses | $9.49B | $9.09B | $7.52B | $37.37B | $12.06B |
| Operating Profit | $4.26B | $4.02B | $3.21B | $13.49B | $3.56B |
| Net Non-Operating Interest Income (Expense) | -$242.00M | -$230.00M | -$301.00M | -$1.12B | -$333.00M |
| Non-Operating Interest Expense | $242.00M | $230.00M | $301.00M | $1.12B | $333.00M |
| Other Income (Expense) | -$114.00M | $59.00M | $58.00M | -$2.13B | -$224.00M |
| Special Income (Charges) | $0.00 | $0.00 | – | -$1.99B | $0.00 |
| -Less:Impairment of Capital Assets | $0.00 | $0.00 | – | $1.99B | $0.00 |
| Other Non-Operating Income (Expenses) | -$114.00M | $59.00M | $58.00M | -$133.00M | -$224.00M |
| Pretax Profit | $3.90B | $3.85B | $2.97B | $10.24B | $3.00B |
| Tax | $834.00M | $848.00M | $632.00M | $1.95B | $445.00M |
| Net Profit | $3.07B | $3.00B | $2.34B | $8.30B | $2.56B |
| Profit from Continuing Operations | $3.07B | $3.00B | $2.34B | $8.30B | $2.56B |
| Minority Interests | $22.00M | $23.00M | $11.00M | $55.00M | $15.00M |
| Net Income to Parent Company | $3.05B | $2.98B | $2.33B | $8.24B | $2.54B |
| Net Income to Common Stockholders | $3.05B | $2.98B | $2.33B | $8.24B | $2.54B |
| Basic EPS | $2.23 | $2.18 | $1.70 | $6.02 | $1.86 |
| Diluted EPS | $2.23 | $2.18 | $1.70 | $6.00 | $1.85 |
| Dividend Per Share | $1.48 | $1.48 | $1.42 | $5.62 | $1.42 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $111.98B | $112.19B | $110.65B | $107.40B | $107.40B |
| Total Current Assets | $32.56B | $32.78B | $30.92B | $27.95B | $27.95B |
| Cash and Cash Equivalents & Short-Term Investments | $11.16B | $10.72B | $10.83B | $9.53B | $9.53B |
| -Cash and Cash Equivalents | $10.68B | $10.25B | $10.48B | $9.16B | $9.16B |
| -Short Term Investments | $488.00M | $465.00M | $353.00M | $371.00M | $371.00M |
| Receivables | $13.62B | $13.50B | $12.17B | $11.51B | $11.51B |
| -Accounts Receivable | $13.85B | $13.72B | $12.40B | $9.27B | $9.27B |
| -Receivables Adjustments Allowances | -$222.00M | -$226.00M | -$225.00M | -$230.00M | -$230.00M |
| Inventory | $6.43B | $6.73B | $6.21B | $5.85B | $5.85B |
| Other Current Assets | $1.34B | $1.83B | $1.71B | $1.07B | $1.07B |
| Total Non-Current Assets | $79.42B | $79.41B | $79.73B | $79.45B | $79.45B |
| Net PPE | $29.73B | $29.77B | $29.81B | $33.65B | $33.65B |
| -Gross PPE | $62.38B | $61.95B | $61.48B | $64.65B | $64.65B |
| -Accumulated Depreciation | -$32.65B | -$32.18B | -$31.67B | -$31.00B | -$31.00B |
| Investments and Advances | $2.22B | $2.18B | $2.14B | $4.56B | $4.56B |
| -Long Term Equity Investment | $2.22B | $2.18B | $2.14B | $2.04B | $2.04B |
| Goodwill and Other Intangible Assets | $34.03B | $34.27B | $34.16B | $33.98B | $33.98B |
| -Goodwill | $18.88B | $19.09B | $19.02B | $18.92B | $18.92B |
| -Other Intangible Assets | $15.14B | $15.18B | $15.14B | $15.07B | $15.07B |
| Non-Current Deferred Assets | $4.33B | $4.46B | $4.56B | $4.75B | $4.75B |
| Other Non-Current Assets | $9.12B | $8.74B | $9.06B | $923.00M | $923.00M |
| Total Liabilities | $89.49B | $89.92B | $89.11B | $86.85B | $86.85B |
| Total Current Liabilities | $34.53B | $35.11B | $34.48B | $32.76B | $32.76B |
| Payables | $25.31B | $24.50B | $24.33B | $13.67B | $13.67B |
| -Accounts Payable | $25.31B | $24.50B | $24.33B | $11.70B | $11.70B |
| Short-Term Debt and Capital Lease Obligation | $9.22B | $10.60B | $10.15B | $7.58B | $7.58B |
| -Current Debt | $9.22B | $10.60B | $10.15B | $6.86B | $6.86B |
| Total Non-Current Liabilities | $54.96B | $54.81B | $54.63B | $54.09B | $54.09B |
| Long Term Debt and Capital Lease Obligation | $42.66B | $42.61B | $42.58B | $42.32B | $42.32B |
| -Long Term Debt | $42.66B | $42.61B | $42.58B | $42.32B | $42.32B |
| Non-Current Deferred Liabilities | $4.11B | $4.06B | $4.05B | $3.80B | $3.80B |
| Other Non-Current Liabilities | $8.20B | $8.15B | $8.01B | $7.97B | $7.97B |
| Total Equity | $22.49B | $22.27B | $21.54B | $20.55B | $20.55B |
| Stockholders' Equity | $22.29B | $22.10B | $21.38B | $20.41B | $20.41B |
| Capital Stock | $23.00M | $23.00M | $23.00M | $23.00M | $23.00M |
| -Common Stock | $23.00M | $23.00M | $23.00M | $23.00M | $23.00M |
| Additional Paid-In Capital | $4.52B | $4.45B | $4.40B | $4.45B | $4.45B |
| Retained Earnings | $75.14B | $74.12B | $73.17B | $72.79B | $72.79B |
| Less: Treasury Stock | $42.41B | $42.15B | $41.86B | $41.83B | $41.83B |
| Gains/Losses Not Affecting Retained Earnings | -$14.99B | -$14.34B | -$14.34B | -$15.02B | -$15.02B |
| Minority Interests | $195.00M | $172.00M | $153.00M | $141.00M | $141.00M |
| -Other Receivables | – | – | – | $2.47B | $2.47B |
| Non-Current Note Receivables | – | – | – | $136.00M | $136.00M |
| Defined Pension Benefit | – | – | – | $1.45B | $1.45B |
| -Dividends Payable | – | – | – | $1.97B | $1.97B |
| Current Accrued Expenses | – | – | – | $3.51B | $3.51B |
| -Current Capital Lease Obligation | – | – | – | $719.00M | $719.00M |
| Other Current Liabilities | – | – | – | $5.77B | $5.77B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.59B | $2.32B | $41.00M | $12.09B | $6.62B |
| Net cash flow from continuing operations | $5.59B | $2.32B | $41.00M | $12.09B | $6.62B |
| Net Income from Continuing Operations | $3.07B | $3.00B | $2.34B | $8.30B | $2.56B |
| Gain/Loss from Continuing Operations | $197.00M | $17.00M | $13.00M | $504.00M | $340.00M |
| Depreciation & Depletion & Amortization | $1.08B | $1.08B | $904.00M | $4.18B | $1.37B |
| Deferred Tax | $169.00M | $268.00M | $226.00M | $71.00M | $41.00M |
| Other Non-Cash Items | -$194.00M | -$301.00M | -$625.00M | -$778.00M | -$64.00M |
| Change in Working Capital | $1.19B | -$850.00M | -$2.97B | -$1.65B | $2.42B |
| -Change in Receivables | -$267.00M | -$1.33B | -$530.00M | -$580.00M | $1.17B |
| -Change in Inventory | $214.00M | -$487.00M | -$315.00M | -$150.00M | $299.00M |
| -Change in Prepaid Assets | $298.00M | $135.00M | -$406.00M | $195.00M | $418.00M |
| -Change in Payables and Accrued Expense | $944.00M | $829.00M | -$1.72B | -$1.11B | $531.00M |
| Net cash flow from investing | -$955.00M | -$915.00M | -$477.00M | -$6.88B | -$1.64B |
| Net Cash Flow from Continuing Investing Activities | -$955.00M | -$915.00M | -$477.00M | -$6.88B | -$1.64B |
| Capital Expenditure | -$916.00M | -$819.00M | -$447.00M | -$4.42B | -$1.92B |
| Net PPE Purchase and Sale | $18.00M | $58.00M | $13.00M | $528.00M | $256.00M |
| Net Business Purchase and Sale | $0.00 | -$81.00M | -$67.00M | -$3.35B | -$176.00M |
| Net Investment Purchase and Sale | -$11.00M | -$73.00M | $5.00M | $460.00M | $182.00M |
| Net Other Investing Changes | -$46.00M | $0.00 | $19.00M | -$100.00M | $12.00M |
| Financing Cash Flow | -$3.77B | -$1.79B | $1.66B | -$4.98B | -$3.97B |
| Net Cash Flow from Continuing Financing Activities | -$3.77B | -$1.79B | $1.66B | -$4.98B | -$3.97B |
| Net Issuance Payments Of Debt | -$1.50B | $467.00M | $3.79B | $3.75B | -$1.74B |
| Net Common Stock Issuance | -$260.00M | -$297.00M | -$182.00M | -$1.00B | -$248.00M |
| Cash Dividends Paid | -$2.02B | -$1.95B | -$1.97B | -$7.64B | -$1.95B |
| Proceeds from Stock Option Exercised | $8.00M | $6.00M | $93.00M | $97.00M | $21.00M |
| Net Other Financing Charges | $0.00 | -$20.00M | -$77.00M | -$186.00M | -$56.00M |
| Ending Cash Balance | $10.73B | $10.30B | $10.55B | $9.20B | $9.20B |
| Net Change in Cash | $856.00M | -$383.00M | $1.23B | $229.00M | $1.01B |
| Beginning Cash Balance | $10.30B | $10.55B | $9.20B | $8.55B | $8.17B |
| Effect of Exchange Rate Changes | -$431.00M | $135.00M | $121.00M | $422.00M | $27.00M |
| Free Cash Flow | $4.67B | $1.51B | -$406.00M | $7.67B | $4.70B |
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