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Side-by-side financial comparison of PepsiCo (PEP) and XP Inc. (XP). Click either name above to swap in a different company.

PepsiCo is the larger business by last-quarter revenue ($19.4B vs $13.5B, roughly 1.4× XP Inc.). PepsiCo runs the higher net margin — 12.0% vs 0.0%, a 12.0% gap on every dollar of revenue.

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.

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.

PEP vs XP — Head-to-Head

Bigger by revenue
PEP
PEP
1.4× larger
PEP
$19.4B
$13.5B
XP
Higher net margin
PEP
PEP
12.0% more per $
PEP
12.0%
0.0%
XP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PEP
PEP
XP
XP
Revenue
$19.4B
$13.5B
Net Profit
$2.3B
$22.0K
Gross Margin
55.2%
Operating Margin
16.5%
1.1%
Net Margin
12.0%
0.0%
Revenue YoY
8.5%
Net Profit YoY
EPS (diluted)
$536884.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PEP
PEP
XP
XP
Q1 26
$19.4B
Q4 25
$29.3B
Q3 25
$23.9B
$13.5B
Q2 25
$22.7B
$8.8B
Q1 25
$17.9B
$4.3B
Q4 24
$27.8B
Q3 24
$23.3B
$12.6B
Q2 24
$22.5B
$8.3B
Net Profit
PEP
PEP
XP
XP
Q1 26
$2.3B
Q4 25
$2.5B
Q3 25
$2.6B
$22.0K
Q2 25
$1.3B
$22.0K
Q1 25
$1.8B
$22.0K
Q4 24
$1.5B
Q3 24
$2.9B
$21.0K
Q2 24
$3.1B
$21.0K
Gross Margin
PEP
PEP
XP
XP
Q1 26
55.2%
Q4 25
53.2%
Q3 25
53.6%
Q2 25
54.7%
Q1 25
55.8%
Q4 24
52.6%
Q3 24
55.4%
Q2 24
55.9%
Operating Margin
PEP
PEP
XP
XP
Q1 26
16.5%
Q4 25
12.1%
Q3 25
14.9%
1.1%
Q2 25
7.9%
1.0%
Q1 25
14.4%
1.1%
Q4 24
8.1%
Q3 24
16.6%
1.0%
Q2 24
18.0%
0.9%
Net Margin
PEP
PEP
XP
XP
Q1 26
12.0%
Q4 25
8.7%
Q3 25
10.9%
0.0%
Q2 25
5.6%
0.0%
Q1 25
10.2%
0.0%
Q4 24
5.5%
Q3 24
12.6%
0.0%
Q2 24
13.7%
0.0%
EPS (diluted)
PEP
PEP
XP
XP
Q1 26
Q4 25
$1.85
Q3 25
$1.90
$536884.00
Q2 25
$0.92
$537811.00
Q1 25
$1.33
$539533.00
Q4 24
$1.11
Q3 24
$2.13
$550958.00
Q2 24
$2.23
$554030.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PEP
PEP
XP
XP
Cash + ST InvestmentsLiquidity on hand
$10.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$21.5B
$20.0B
Total Assets
$110.6B
$347.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEP
PEP
XP
XP
Q1 26
$10.8B
Q4 25
$9.5B
Q3 25
$8.7B
Q2 25
$8.0B
Q1 25
$8.6B
Q4 24
$9.3B
Q3 24
$8.1B
Q2 24
$6.7B
Total Debt
PEP
PEP
XP
XP
Q1 26
Q4 25
$42.3B
Q3 25
$44.1B
Q2 25
$39.3B
Q1 25
$39.4B
Q4 24
$37.2B
Q3 24
$38.5B
Q2 24
$36.6B
Stockholders' Equity
PEP
PEP
XP
XP
Q1 26
$21.5B
Q4 25
$20.4B
Q3 25
$19.4B
$20.0B
Q2 25
$18.4B
$20.0B
Q1 25
$18.4B
$20.0B
Q4 24
$18.0B
Q3 24
$19.5B
$19.5B
Q2 24
$19.4B
$19.5B
Total Assets
PEP
PEP
XP
XP
Q1 26
$110.6B
Q4 25
$107.4B
Q3 25
$106.6B
$347.5B
Q2 25
$105.3B
$347.5B
Q1 25
$101.7B
$347.5B
Q4 24
$99.5B
Q3 24
$100.5B
$249.0B
Q2 24
$99.5B
$249.0B
Debt / Equity
PEP
PEP
XP
XP
Q1 26
Q4 25
2.07×
Q3 25
2.28×
Q2 25
2.14×
Q1 25
2.14×
Q4 24
2.06×
Q3 24
1.98×
Q2 24
1.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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