PEPSICO INC PEP

Consumer staples SIC 2080 - Beverages NAICS Manufacturing › Beverage and Tobacco Product Manufacturing › Beverage Manufacturing derived Nasdaq

Last close 135.77 2026-10-23
Market cap $185.31B 2026-06-13 share count
52-week range 123.47 - 171.48

Valuation FY2025 figures against the last close

P/S2.0x
P/E22.6x
P/FCF24.2x
EV/EBITDA15.0x
Dividend yield4.1%
Diluted EPS6.00

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • All Other Countries
  • Mexico
  • Russian Federation
  • Canada
  • China
  • United Kingdom
  • Brazil
  • South Africa
Revenue by geography, 9 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 52.2B (55.6%) 56% United States All Other Countries, FY2025: 17.9B (19.1%) 19% All Other Countries Mexico, FY2025: 6.9B (7.4%) 7% Mexico Russian Federation, FY2025: 4.8B (5.1%) 5% Canada, FY2025: 3.7B (4.0%) 4% China, FY2025: 2.6B (2.8%) United Kingdom, FY2025: 2.1B (2.3%) Brazil, FY2025: 1.8B (1.9%) South Africa, FY2025: 1.8B (1.9%) FY2024 United States, FY2024: 51.7B (56.3%) 56% All Other Countries, FY2024: 17B (18.5%) 19% Mexico, FY2024: 7.1B (7.8%) 8% Russian Federation, FY2024: 3.9B (4.2%) 4% Canada, FY2024: 3.8B (4.1%) 4% China, FY2024: 2.7B (2.9%) United Kingdom, FY2024: 2.1B (2.2%) Brazil, FY2024: 1.8B (1.9%) South Africa, FY2024: 1.9B (2.0%) FY2023 United States, FY2023: 52.2B (57.0%) 57% All Other Countries, FY2023: 16.9B (18.4%) 18% Mexico, FY2023: 7B (7.7%) 8% Russian Federation, FY2023: 3.6B (3.9%) 4% Canada, FY2023: 3.7B (4.1%) 4% China, FY2023: 2.7B (3.0%) United Kingdom, FY2023: 1.9B (2.1%) Brazil, FY2023: 1.8B (1.9%) South Africa, FY2023: 1.7B (1.9%)
Region FY2025FY2024FY2023
United States $52.23B $51.67B $52.16B
All Other Countries $17.94B $17.02B $16.87B
Mexico $6.95B $7.12B $7.01B
Russian Federation $4.77B $3.88B $3.57B
Canada $3.73B $3.76B $3.72B
China $2.62B $2.71B $2.70B
United Kingdom $2.14B $2.06B $1.95B
Brazil $1.78B $1.76B $1.78B
South Africa $1.77B $1.86B $1.71B

As the company reported it, from the “Basis of Presentation and Our Segments (Segment Reporting Information by Net Revenue and PP&E) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $93.92B$91.85B$91.47B$86.39B$79.47B$70.37B$67.16B$64.66B$63.52B$62.80B
Cost of revenue $43.07B$41.74B$41.88B$40.58B$37.08B$31.80B$30.13B$29.38B$28.80B$28.22B
Gross profit $50.86B$50.11B$49.59B$45.82B$42.40B$38.58B$37.03B$35.28B$34.73B$34.58B
R&D $839.0M$813.0M$804.0M$771.0M$752.0M$719.0M$711.0M$680.0M$737.0M$760.0M
SG&A $37.37B$37.19B$36.68B$34.46B$31.24B$28.45B$26.74B$25.17B$24.45B$24.77B
Operating income $11.50B$12.89B$11.99B$11.51B$11.16B$10.08B$10.29B$10.11B$10.28B$9.80B
Interest expense $1.12B$919.0M$819.0M$939.0M$1.86B$1.13B$935.0M$1.22B$1.15B$1.34B
Pre-tax income $10.24B$11.95B$11.42B$10.71B$9.82B$9.07B$9.31B$9.19B$9.60B$8.55B
Income tax $1.95B$2.32B$2.26B$1.73B$2.14B$1.89B$1.96B$3.37B$4.69B$2.17B
Net income $8.24B$9.58B$9.07B$8.91B$7.62B$7.12B$7.31B$12.52B$4.86B$6.33B
EPS, basic 6.026.976.596.455.515.145.238.843.404.39
EPS, diluted 6.006.956.566.425.495.125.208.783.384.36
Shares, diluted (wtd. avg.) 1.37B1.38B1.38B1.39B1.39B1.39B1.41B1.43B1.44B1.45B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $9.16B$8.51B$9.76B$5.10B$5.71B$8.25B$5.57B$10.77B$10.66B$9.17B
Short-term investments $371.0M$761.0M$292.0M$394.0M$392.0M$1.37B$229.0M$272.0M$8.90B$6.97B
Inventory $5.84B$5.31B$5.33B$5.22B$4.35B$4.17B$3.34B$3.13B$2.95B$2.72B
Total current assets $27.95B$25.83B$26.95B$21.54B$21.78B$23.00B$17.64B$21.89B$31.03B$26.45B
Property, plant and equipment $29.91B$28.01B$27.04B$24.29B$22.41B$21.37B$19.30B$17.59B$17.24B$16.59B
Goodwill $18.92B$17.53B$17.73B$18.20B$18.38B$18.76B$15.50B$14.81B$14.74B$14.43B
Other intangibles $500.0M$1.10B$1.20B$1.28B$1.54B$1.70B$1.43B$1.64B$1.27B$1.24B
Total assets $107.40B$99.47B$100.50B$92.19B$92.38B$92.92B$78.55B$77.65B$79.80B$73.49B
Accounts payable $11.70B$11.00B$11.63B$10.73B$9.83B$8.85B$8.01B$7.21B$6.73B$6.16B
Short-term debt $6.86B$7.08B$6.51B$3.41B$4.31B$3.78B$2.92B$4.03B$5.49B$6.89B
Total current liabilities $32.76B$31.54B$31.65B$26.79B$26.22B$23.37B$20.46B$22.14B$20.50B$21.14B
Long-term debt $42.32B$37.22B$37.59B$35.66B$36.03B$40.37B$29.15B$28.30B$33.80B$30.05B
Total liabilities $86.85B$81.30B$81.86B$74.91B$76.23B$79.37B$63.68B$63.05B$68.82B$62.29B
Retained earnings $72.79B$72.27B$70.03B$67.80B$65.17B$63.44B$61.95B$59.95B$52.84B$52.52B
Total equity $20.41B$18.04B$18.64B$17.27B$16.15B$13.55B$14.87B$14.60B$10.98B$11.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $12.09B$12.51B$13.44B$10.81B$11.62B$10.61B$9.65B$9.41B$10.03B$10.66B
Depreciation and amortisation $3.45B$3.16B$2.95B$2.76B$2.71B$2.55B$2.43B$2.40B$2.37B$2.37B
Stock-based compensation $288.0M$362.0M$380.0M$343.0M$301.0M$264.0M$237.0M$256.0M$292.0M$284.0M
Capital expenditure $4.42B$5.32B$5.52B$5.21B$4.62B$4.24B$4.23B$3.28B$2.97B$3.04B
Investing cash flow -$6.88B-$5.47B-$5.50B-$2.43B-$3.27B-$11.62B-$6.44B$4.56B-$4.40B-$7.15B
Financing cash flow -$4.98B-$7.56B-$3.01B-$8.52B-$10.78B$3.82B-$8.49B-$13.77B-$4.19B-$3.21B
Dividends paid $7.64B$7.23B$6.68B$6.17B$5.82B$5.51B$5.30B$4.93B$4.47B$4.23B
Buybacks $1.00B$1.00B$1.00B$1.50B$106.0M$2.00B$3.00B$2.00B$2.00B$3.00B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000077476-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 25B 50B 75B 100B Revenue, FY2016: 62.8B Gross profit, FY2016: 34.6B Net income, FY2016: 6.3B Revenue, FY2017: 63.5B Gross profit, FY2017: 34.7B Net income, FY2017: 4.9B Revenue, FY2018: 64.7B Gross profit, FY2018: 35.3B Net income, FY2018: 12.5B Revenue, FY2019: 67.2B Gross profit, FY2019: 37B Net income, FY2019: 7.3B Revenue, FY2020: 70.4B Gross profit, FY2020: 38.6B Net income, FY2020: 7.1B Revenue, FY2021: 79.5B Gross profit, FY2021: 42.4B Net income, FY2021: 7.6B Revenue, FY2022: 86.4B Gross profit, FY2022: 45.8B Net income, FY2022: 8.9B Revenue, FY2023: 91.5B Gross profit, FY2023: 49.6B Net income, FY2023: 9.1B Revenue, FY2024: 91.9B Gross profit, FY2024: 50.1B Net income, FY2024: 9.6B Revenue, FY2025: 93.9B Gross profit, FY2025: 50.9B Net income, FY2025: 8.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $62.80B $63.52B $64.66B $67.16B $70.37B $79.47B $86.39B $91.47B $91.85B $93.92B
Gross profit $34.58B $34.73B $35.28B $37.03B $38.58B $42.40B $45.82B $49.59B $50.11B $50.86B
Net income $6.33B $4.86B $12.52B $7.31B $7.12B $7.62B $8.91B $9.07B $9.58B $8.24B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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BRCC BRC Inc. $1.33B — 1.7%
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BUDA BUDA JUICE, INC. $82.9M 33.0x 11.8%