PepsiCo, Inc. (PEP) income statement
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
PepsiCo, Inc. (PEP) reported revenue of $25.3B for Q3 '26 (+5.6% year on year), operating income of $4.26B (16.9% of revenue) and net income of $3.05B. Over the last four quarters revenue was $98.2B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.9B | $18.3B | $22.5B | $23.3B | $27.8B | $17.9B | $22.7B | $23.9B | $29.3B | $19.4B | $24.2B | $25.3B | |
| Cost of revenue | $13.1B | $8.25B | $9.92B | $10.4B | $13.2B | $7.93B | $10.3B | $11.1B | $13.7B | $8.71B | $11.1B | $11.5B | |
| Gross profit | $14.8B | $10B | $12.6B | $12.9B | $14.6B | $9.99B | $12.4B | $12.8B | $15.6B | $10.7B | $13.1B | $13.8B | |
| General & administrative | $0 | $7.29B | $8.53B | $9.03B | $12.3B | $7.41B | $8.77B | $9.12B | $12.1B | $0 | $0 | $0 | |
| Other operating expenses | $921M | $0 | $0 | $24M | $9M | $0 | $1.86B | $133M | $0 | $0 | $0 | $0 | |
| Operating expenses | $13.1B | $7.29B | $8.53B | $9.05B | $12.4B | $7.41B | $10.6B | $9.26B | $12.1B | $7.52B | $9.09B | $9.49B | |
| Operating income | $1.68B | $2.72B | $4.05B | $3.87B | $2.25B | $2.58B | $1.79B | $3.57B | $3.56B | $3.21B | $4.02B | $4.26B | |
| Interest expense | $217M | $202M | $234M | $219M | $264M | $264M | $260M | $264M | $333M | $301M | $230M | $242M | |
| Other non-operating income (gains on investments, FX ...) | -$67M | -$58M | -$56M | -$41M | $177M | -$23M | -$42M | -$26M | $224M | -$58M | -$59M | $114M | |
| Total non-operating income | -$150M | -$144M | -$178M | -$178M | -$441M | -$241M | -$218M | -$238M | -$557M | -$243M | -$171M | -$356M | |
| Income before tax | $1.53B | $2.57B | $3.87B | $3.69B | $1.81B | $2.34B | $1.57B | $3.33B | $3B | $2.97B | $3.85B | $3.9B | |
| Income tax | $209M | $520M | $776M | $749M | $275M | $499M | $292M | $713M | $445M | $632M | $848M | $834M | |
| Net income | $1.3B | $2.04B | $3.08B | $2.93B | $1.52B | $1.83B | $1.26B | $2.6B | $2.54B | $2.34B | $2.98B | $3.05B | |
| EPS (basic) | $0.95 | $1.49 | $2.24 | $2.13 | $1.11 | $1.34 | $0.92 | $1.90 | $1.86 | $1.70 | $2.18 | $2.23 | |
| EPS (diluted) | $0.94 | $1.48 | $2.23 | $2.13 | $1.11 | $1.33 | $0.92 | $1.90 | $1.85 | $1.70 | $2.18 | $2.23 | |
| Shares (basic, weighted) | 1.37B | 1.38B | 1.38B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.36B | |
| Shares (diluted, weighted) | 1.38B | 1.38B | 1.38B | 1.38B | 1.38B | 1.38B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | |
| Depreciation & amortization | $1.16B | $768M | $889M | $899M | $1.26B | $829M | $977M | $998M | $1.37B | $904M | $1.08B | $1.08B | |
| EBITDA | $2.91B | $3.54B | $4.99B | $4.81B | $3.33B | $3.44B | $2.81B | $4.59B | $4.71B | $4.18B | $5.16B | $5.22B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.8B | $63.5B | $64.7B | $67.2B | $70.4B | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B | |
| Cost of revenue | $28.2B | $28.8B | $29.4B | $30.1B | $31.8B | $37.1B | $40.6B | $41.9B | $41.7B | $43.1B | |
| Gross profit | $34.6B | $34.7B | $35.3B | $37B | $38.6B | $42.4B | $45.8B | $49.6B | $50.1B | $50.9B | |
| General & administrative | $0 | $0 | $25.2B | $26.7B | $0 | $0 | $0 | $0 | $37.2B | $37.4B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $42M | $0 | -$155M | $927M | $33M | $1.99B | |
| Operating expenses | $24.8B | $24.5B | $25.2B | $26.7B | $28.5B | $31.2B | $34.3B | $37.6B | $37.2B | $39.4B | |
| Operating income | $9.8B | $10.3B | $10.1B | $10.3B | $10.1B | $11.2B | $11.5B | $12B | $12.9B | $11.5B | |
| Interest income | $110M | $244M | $306M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $1.34B | $1.15B | $1.53B | $935M | $1.13B | $1.86B | $939M | $819M | $919M | $1.12B | |
| Other non-operating income (gains on investments, FX ...) | -$91M | -$477M | -$604M | $44M | -$117M | -$522M | -$132M | -$250M | $22M | $133M | |
| Total non-operating income | -$1.25B | -$674M | -$921M | -$979M | -$1.01B | -$1.34B | -$807M | -$569M | -$941M | -$1.25B | |
| Income before tax | $8.55B | $9.6B | $9.19B | $9.31B | $9.07B | $9.82B | $10.7B | $11.4B | $11.9B | $10.2B | |
| Income tax | $2.17B | $4.69B | -$3.37B | $1.96B | $1.89B | $2.14B | $1.73B | $2.26B | $2.32B | $1.95B | |
| Net income | $6.33B | $4.86B | $12.5B | $7.31B | $7.12B | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B | |
| EPS (basic) | $4.39 | $3.42 | $8.84 | $5.23 | $5.14 | $5.51 | $6.46 | $6.59 | $6.98 | $6.03 | |
| EPS (diluted) | $4.36 | $3.38 | $8.78 | $5.20 | $5.11 | $5.48 | $6.42 | $6.56 | $6.95 | $6.00 | |
| Shares (basic, weighted) | 1.43B | 1.42B | 1.42B | 1.4B | 1.39B | 1.38B | 1.38B | 1.38B | 1.37B | 1.37B | |
| Shares (diluted, weighted) | 1.45B | 1.44B | 1.43B | 1.41B | 1.39B | 1.39B | 1.39B | 1.38B | 1.38B | 1.37B | |
| Depreciation & amortization | $2.37B | $2.37B | $2.4B | $2.43B | $2.55B | $3.22B | $3.28B | $3.52B | $3.82B | $4.18B | |
| EBITDA | $12.3B | $13.1B | $13.1B | $12.7B | $12.7B | $14.9B | $14.9B | $15.8B | $16.7B | $15.5B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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