PepsiCoPEPEarnings & Financial Report
PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi to an immensely diversified range of food and beverage brands.
Revenue
$22.7B
Gross Profit
$12.4B
Operating Profit
$1.8B
Net Profit
$1.3B
Gross Margin
54.7%
Operating Margin
7.9%
Net Margin
5.6%
YoY Growth
1.0%
EPS
$0.92
PepsiCo Q2 FY2025 Financial Summary
PepsiCo reported revenue of $22.7B (up 1.0% YoY) for Q2 FY2025, with a net profit of $1.3B (down 59.0% YoY) (5.6% margin). Cost of goods sold was $10.3B, operating expenses totaled $10.6B.
Key Financial Metrics
| Total Revenue | $22.7B |
|---|---|
| Net Profit | $1.3B |
| Gross Margin | 54.7% |
| Operating Margin | 7.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
PepsiCo Q2 FY2025 revenue of $22.7B breaks down across 6 segments, led by Pepsi Co Beverages North America at $6.8B (29.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Pepsi Co Beverages North America | $6.8B | 29.9% |
| Pepsi Co Foods North America | $6.5B | 28.5% |
| Europe Middle East Africa Segment | $4.5B | 20.0% |
| Latin America Foods Segment | $2.5B | 11.2% |
| International Beverage Franchise | $1.4B | 6.0% |
| Asia Pacific Foods Segment | $1.0B | 4.4% |
PepsiCo Revenue by Segment — Quarterly Trend
PepsiCo revenue by segment across the last 4 reported quarters, showing how each business line (such as Pepsi Co Beverages North America and Pepsi Co Foods North America) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Pepsi Co Beverages North America | — | $8.2B | $7.3B | $6.8B |
| Pepsi Co Foods North America | — | $8.3B | $6.5B | $6.5B |
| Europe Middle East Africa Segment | — | $6.1B | $5.0B | $4.5B |
| Latin America Foods Segment | — | $3.7B | $2.7B | $2.5B |
| International Beverage Franchise | — | $1.6B | $1.3B | $1.4B |
PepsiCo Annual Revenue by Year
PepsiCo annual revenue history includes year-by-year totals (for example, 2025 revenue was $93.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $93.9B |
| 2024 | $91.9B |
| 2023 | $91.5B |
PepsiCo Quarterly Revenue & Net Profit History
PepsiCo results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $19.4B | +8.5% | $2.3B | 12.0% |
| Q4 FY2025 | $29.3B | +5.6% | $2.5B | 8.7% |
| Q3 FY2025 | $23.9B | +2.7% | $2.6B | 10.9% |
| Q2 FY2025 | $22.7B | +1.0% | $1.3B | 5.6% |
| Q1 FY2025 | $17.9B | -1.8% | $1.8B | 10.2% |
| Q4 FY2024 | $27.8B | -0.2% | $1.5B | 5.5% |
| Q3 FY2024 | $23.3B | -0.6% | $2.9B | 12.6% |
| Q2 FY2024 | $22.5B | +0.8% | $3.1B | 13.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.50B | $23.32B | $27.78B | $17.92B | $22.73B | $23.94B | $29.34B | $19.44B |
| YoY Growth | 0.8% | -0.6% | -0.2% | -1.8% | 1.0% | 2.7% | 5.6% | 8.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $99.53B | $100.51B | $99.47B | $101.74B | $105.34B | $106.56B | $107.40B | $110.65B |
| Liabilities | $79.95B | $80.91B | $81.30B | $83.21B | $86.79B | $87.02B | $86.85B | $89.11B |
| Equity | $19.45B | $19.45B | $18.04B | $18.39B | $18.42B | $19.39B | $20.41B | $21.54B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $2.36B | $4.91B | $6.29B | $-973.0M | $1.97B | $4.47B | $6.62B |