PepsiCo, Inc. (PEP) balance sheet

NASDAQ · Consumer Defensive · Beverages - Non-Alcoholic · 306,000 employees · CEO Ramon Luis Laguarta

Price: $137.34 +2.65%
Market cap: $187B
Enterprise value: $228B
Last report: Q3 '26 filed 2026-10-08
Next report: 2027-02-02 EPS est. $2.24

At the end of Q3 '26 PepsiCo, Inc. (PEP) held $11.2B in cash and short-term investments against $51.9B of debt incl. leases. Total assets $112B, total liabilities $89.5B, shareholders' equity $22.3B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$9.71B	$8.05B	$6.35B	$7.31B	$8.51B	$8.27B	$7.63B	$8.13B	$9.16B	$10.5B	$10.3B	$10.7B
Short-term investments	$292M	$303M	$315M	$743M	$761M	$314M	$342M	$535M	$371M	$353M	$465M	$488M
Receivables	$10.8B	$10.9B	$11.9B	$12.1B	$10.3B	$10.8B	$12.4B	$12.6B	$11.5B	$12.2B	$13.5B	$13.6B
Inventory	$5.33B	$5.57B	$5.89B	$5.64B	$5.31B	$5.66B	$6.49B	$6.09B	$5.85B	$6.21B	$6.73B	$6.43B
Other current assets	$798M	$1.15B	$1.21B	$1.07B	$921M	$1.25B	$1.36B	$1.33B	$1.07B	$1.71B	$1.83B	$1.34B
Current assets	$27B	$26B	$25.7B	$26.9B	$25.8B	$26.3B	$28.2B	$28.7B	$27.9B	$30.9B	$32.8B	$32.6B
Property, plant & equipment (net)	$29.9B	$26.8B	$27B	$27.2B	$31.4B	$28.2B	$28.8B	$29.1B	$33.7B	$29.8B	$29.8B	$29.7B
Long-term investments	$4.33B	$2.73B	$2.67B	$2.65B	$3.33B	$2B	$2.06B	$2.08B	$4.56B	$2.14B	$2.18B	$2.22B
Goodwill	$17.7B	$17.6B	$17.6B	$17.7B	$17.5B	$18.4B	$19B	$18.8B	$18.9B	$19B	$19.1B	$18.9B
Intangible assets	$14.9B	$14.9B	$14.8B	$14.9B	$14.8B	$15.4B	$15.5B	$14.9B	$15.1B	$15.1B	$15.2B	$15.1B
Deferred tax assets	$4.47B	$4.44B	$4.47B	$4.32B	$4.36B	$4.35B	$4.29B	$4.34B	$4.54B	$4.56B	$4.46B	$4.33B
Other non-current assets	$2.14B	$7.57B	$7.18B	$6.94B	$2.22B	$7.16B	$7.51B	$8.66B	$2.71B	$9.06B	$8.74B	$9.12B
Non-current assets	$73.5B	$74B	$73.8B	$73.7B	$73.6B	$75.4B	$77.1B	$77.8B	$79.5B	$79.7B	$79.4B	$79.4B
Total assets	$100B	$100B	$99.5B	$101B	$99.5B	$102B	$105B	$107B	$107B	$111B	$112B	$112B
Liabilities
Accounts payable	$11.6B	$22.1B	$22.9B	$23.8B	$11B	$22.4B	$24.3B	$24.8B	$11.7B	$24.3B	$24.5B	$25.3B
Accrued expenses	$3.52B	$0	$0	$0	$3.46B	$0	$0	$0	$3.51B	$0	$0	$0
Short-term debt	$6.51B	$8.16B	$8.29B	$6.52B	$7.08B	$9.1B	$12.1B	$6.74B	$6.86B	$10.2B	$10.6B	$9.22B
Other current liabilities	$7.66B	$0	$0	$0	$7.47B	$0	$0	$0	$8B	$0	$0	$0
Current liabilities	$31.6B	$30.2B	$31.1B	$30.3B	$31.5B	$31.5B	$36.4B	$31.5B	$32.8B	$34.5B	$35.1B	$34.5B
Long-term debt	$37.6B	$37.7B	$36.6B	$38.5B	$37.2B	$39.4B	$39.3B	$44.1B	$42.3B	$42.6B	$42.6B	$42.7B
Deferred tax liabilities	$3.9B	$4.09B	$3.91B	$3.68B	$3.48B	$3.54B	$3.1B	$3.47B	$3.8B	$4.05B	$4.06B	$4.11B
Other non-current liabilities	$8.72B	$8.82B	$8.26B	$8.42B	$9.05B	$8.74B	$7.96B	$7.93B	$7.97B	$8.01B	$8.15B	$8.2B
Non-current liabilities	$50.2B	$50.6B	$48.8B	$50.6B	$49.8B	$51.7B	$50.4B	$55.5B	$54.1B	$54.6B	$54.8B	$55B
Total liabilities	$81.9B	$80.9B	$80B	$80.9B	$81.3B	$83.2B	$86.8B	$87B	$86.9B	$89.1B	$89.9B	$89.5B
Equity
Common stock & paid-in capital	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M
Retained earnings	$70B	$70.3B	$71.5B	$72.6B	$72.3B	$72.2B	$71.5B	$72.2B	$72.8B	$73.2B	$74.1B	$75.1B
Accumulated other comprehensive income	-$15.5B	-$15.2B	-$15.8B	-$16.7B	-$17.6B	-$17.1B	-$16.1B	-$15.6B	-$15B	-$14.3B	-$14.3B	-$15B
Shareholders' equity	$18.5B	$19B	$19.4B	$19.5B	$18B	$18.4B	$18.4B	$19.4B	$20.4B	$21.4B	$22.1B	$22.3B
Debt
Total debt (incl. leases)	$44.7B	$45.9B	$44.9B	$45B	$44.9B	$48.5B	$51.4B	$50.8B	$49.9B	$52.7B	$53.2B	$51.9B
Net debt (debt - cash)	$35B	$37.8B	$38.6B	$37.7B	$36.4B	$40.3B	$43.8B	$42.7B	$40.7B	$42.3B	$43B	$41.2B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$9.16B	$10.6B	$8.72B	$5.51B	$8.19B	$5.6B	$4.95B	$9.71B	$8.51B	$9.16B
Short-term investments	$6.97B	$8.9B	$272M	$229M	$1.37B	$392M	$394M	$292M	$761M	$371M
Receivables	$6.69B	$7.02B	$7.14B	$7.82B	$8.4B	$8.68B	$10.2B	$10.8B	$10.3B	$11.5B
Inventory	$2.72B	$2.95B	$3.13B	$3.34B	$4.17B	$4.35B	$5.22B	$5.33B	$5.31B	$5.85B
Other current assets	$0	$0	$2B	$0	$0	$1.79B	$0	$798M	$921M	$1.07B
Current assets	$26.5B	$31B	$21.9B	$17.6B	$23B	$21.8B	$21.5B	$27B	$25.8B	$27.9B
Property, plant & equipment (net)	$16.6B	$17.2B	$17.6B	$20.9B	$23B	$24.4B	$26.7B	$29.9B	$31.4B	$33.7B
Long-term investments	$1.95B	$2.04B	$2.41B	$2.68B	$2.79B	$2.63B	$3.89B	$4.33B	$3.33B	$4.56B
Goodwill	$14.4B	$14.7B	$14.8B	$15.5B	$18.8B	$18.4B	$18.2B	$17.7B	$17.5B	$18.9B
Intangible assets	$13.4B	$13.8B	$15.8B	$16B	$19.3B	$18.7B	$15.6B	$14.9B	$14.8B	$15.1B
Deferred tax assets	$0	$0	$4.36B	$4.36B	$4.37B	$4.31B	$4.2B	$4.47B	$4.36B	$4.54B
Other non-current assets	$636M	$913M	$760M	$1.46B	$1.64B	$2.18B	$2.11B	$2.14B	$2.22B	$2.71B
Non-current assets	$47B	$48.8B	$55.8B	$60.9B	$69.9B	$70.6B	$70.6B	$73.5B	$73.6B	$79.5B
Total assets	$73.5B	$79.8B	$77.6B	$78.5B	$92.9B	$92.4B	$92.2B	$100B	$99.5B	$107B
Liabilities
Accounts payable	$6.16B	$6.73B	$7.21B	$8.01B	$8.85B	$9.83B	$10.7B	$11.6B	$11B	$11.7B
Accrued expenses	$2.44B	$2.39B	$2.54B	$2.77B	$2.94B	$3.09B	$3.64B	$3.52B	$3.46B	$3.51B
Short-term debt	$6.89B	$5.49B	$4.03B	$2.92B	$3.78B	$4.31B	$3.41B	$6.51B	$7.08B	$6.86B
Other current liabilities	$4.54B	$4.74B	$5.03B	$4.97B	$5.91B	$7.04B	$6.91B	$7.66B	$7.47B	$8B
Current liabilities	$21.1B	$20.5B	$22.1B	$20.5B	$23.4B	$26.2B	$26.8B	$31.6B	$31.5B	$32.8B
Long-term debt	$30.1B	$33.8B	$28.3B	$29.1B	$40.4B	$36B	$35.7B	$37.6B	$37.2B	$42.3B
Deferred tax liabilities	$4.43B	$3.24B	$3.5B	$4.09B	$4.28B	$4.83B	$4.13B	$3.9B	$3.48B	$3.8B
Other non-current liabilities	$6.67B	$11.3B	$9.11B	$9.98B	$11.3B	$9.15B	$8.34B	$8.72B	$9.05B	$7.97B
Non-current liabilities	$41.2B	$48.3B	$40.9B	$43.2B	$56B	$50B	$48.1B	$50.2B	$49.8B	$54.1B
Total liabilities	$62.3B	$68.8B	$63B	$63.7B	$79.4B	$76.2B	$74.9B	$81.9B	$81.3B	$86.9B
Equity
Common stock & paid-in capital	$24M	$24M	$23M	$23M	$23M	$23M	$23M	$23M	$23M	$23M
Retained earnings	$52.5B	$52.8B	$59.9B	$61.9B	$63.4B	$65.2B	$67.8B	$70B	$72.3B	$72.8B
Accumulated other comprehensive income	-$13.9B	-$13.1B	-$15.1B	-$14.3B	-$15.5B	-$14.9B	-$15.3B	-$15.5B	-$17.6B	-$15B
Shareholders' equity	$11.1B	$10.9B	$14.5B	$14.8B	$13.5B	$16B	$17.1B	$18.5B	$18B	$20.4B
Debt
Total debt (incl. leases)	$36.9B	$39.3B	$32.3B	$32.5B	$44.6B	$40.8B	$39.6B	$44.7B	$44.9B	$49.9B
Net debt (debt - cash)	$27.8B	$28.7B	$23.6B	$27B	$36.4B	$35.2B	$34.6B	$35B	$36.4B	$40.7B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-05, 10-Q 2026-06-13, 10-Q 2026-03-21, 10-K 2025-12-27, 10-Q 2025-09-06, 10-Q 2025-06-14, 10-Q 2025-03-22, 10-K 2024-12-28, 10-Q 2024-09-07

Data as of 2026-11-01