PepsiCo, Inc. logo

PepsiCo, Inc.

PEP

NASDAQConsumer DefensiveBeverages - Non-Alcoholic

Previous close

$143.48

+$1.40 · +0.99%

Aug 21, 4:00 PM ET

PEP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

98

Deep Value

Momentum

35

Weakening

Sentiment

68

Bullish

Risk resilience

78

Moderate Risk

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Company profile

Company website

PepsiCo, Inc. is a global enterprise that creates, promotes, and supplies a diverse array of drinks and easy-to-prepare food items across the globe. Its operations are structured into seven primary divisions: Frito-Lay North America, Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe, Africa/Middle East/South Asia, and the Asia Pacific, Australia, New Zealand, and China Region. The company's extensive product catalog encompasses popular snack foods like various dips, cheese snacks, spreads, and a range of chips (including corn, potato, and tortilla varieties). Its pantry staples feature cereals, rice, pasta, baking mixes, beverage syrups, granola bars, grits, oatmeal, rice cakes, and ready-made side dishes. In the beverage sector, PepsiCo offers concentrated syrups, fountain beverages, pre-packaged drinks, ready-to-consume teas, coffees, fruit juices, dairy-based items, and home carbonation systems with associated goods. PepsiCo reaches its broad clientele, which includes wholesale partners, food service providers, various retail outlets like supermarkets, pharmacies, convenience shops, discount stores, large-format retailers, membership-based stores, hard discount retailers, online merchants, and approved independent bottlers. This widespread distribution is achieved via direct store delivery, customer warehouse systems, and comprehensive distributor networks, along with direct sales to consumers through digital commerce channels and retail partners. Established in 1898, the corporation maintains its principal office in Purchase, New York.

Industry
Beverages - Non-Alcoholic
Sector
Consumer Defensive
Headquarters
US
CEO
Ramon Luis Laguarta
Listed since
Jun 1, 1972
Employees
306,000

Market position

Day range

Current $143.48

52-week range

Current $143.48

Open
$142.62
Previous close
$142.08
Volume
6.63M
0.84× average
Average volume
7.93M
Average daily volume
Market cap
195.99B USD
Beta
0.36
Market reference 1
50-day average
$140.05
+2.45% above average
200-day average
$148.95
-3.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
237.34B USD
P/E (TTM)
18.78×
P/B (TTM)
8.87×
P/S (TTM)
2.02×
EV / EBITDA
15.27×
Earnings yield
4.19%
Free cash flow yield
3.90%
Dividend yield
4.01%

Profitability & efficiency

Gross margin
53.96%
Operating margin
14.96%
Net margin
10.82%
Return on equity
40.38%
Return on assets
7.67%
Return on invested capital
13.29%

Financial health

Debt / equity
2.41×
Current ratio
0.85×
Altman Z-score
3.49
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%41%23%4%Gross margin, FY2021: 53.35%Gross margin, FY2022: 53.03%Gross margin, FY2023: 54.21%Gross margin, FY2024: 54.55%Gross margin, FY2025: 54.15%Operating margin, FY2021: 14.04%Operating margin, FY2022: 13.33%Operating margin, FY2023: 13.10%Operating margin, FY2024: 14.03%Operating margin, FY2025: 14.36%Net margin, FY2021: 9.59%Net margin, FY2022: 10.31%Net margin, FY2023: 9.92%Net margin, FY2024: 10.43%Net margin, FY2025: 8.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.35%. Gross margin FY2022 53.03%. Gross margin FY2023 54.21%. Gross margin FY2024 54.55%. Gross margin FY2025 54.15%. Operating margin FY2021 14.04%. Operating margin FY2022 13.33%. Operating margin FY2023 13.10%. Operating margin FY2024 14.03%. Operating margin FY2025 14.36%. Net margin FY2021 9.59%. Net margin FY2022 10.31%. Net margin FY2023 9.92%. Net margin FY2024 10.43%. Net margin FY2025 8.77%.

Income trends

Revenue

93.93B USD+2.25%

Operating income

13.49B USD+4.69%

Net income

8.24B USD-13.97%
Income trends across reported periods102.56B USD68.03B USD33.51B USD−1.01B USDRevenue, FY2021: 79.47B USDRevenue, FY2022: 86.39B USDRevenue, FY2023: 91.47B USDRevenue, FY2024: 91.85B USDRevenue, FY2025: 93.93B USDOperating income, FY2021: 11.16B USDOperating income, FY2022: 11.51B USDOperating income, FY2023: 11.99B USDOperating income, FY2024: 12.89B USDOperating income, FY2025: 13.49B USDNet income, FY2021: 7.62B USDNet income, FY2022: 8.91B USDNet income, FY2023: 9.07B USDNet income, FY2024: 9.58B USDNet income, FY2025: 8.24B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 79.47B USD. Revenue FY2022 86.39B USD. Revenue FY2023 91.47B USD. Revenue FY2024 91.85B USD. Revenue FY2025 93.93B USD. Operating income FY2021 11.16B USD. Operating income FY2022 11.51B USD. Operating income FY2023 11.99B USD. Operating income FY2024 12.89B USD. Operating income FY2025 13.49B USD. Net income FY2021 7.62B USD. Net income FY2022 8.91B USD. Net income FY2023 9.07B USD. Net income FY2024 9.58B USD. Net income FY2025 8.24B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue93.93B USD91.85B USD91.47B USD86.39B USD79.47B USD
Cost of goods sold43.07B USD41.74B USD41.88B USD40.58B USD37.08B USD
Gross profit50.86B USD50.11B USD49.59B USD45.82B USD42.4B USD
Selling, general, and administrative37.37B USD37.19B USD36.68B USD34.46B USD31.24B USD
Operating expenses37.37B USD37.22B USD37.6B USD34.3B USD31.24B USD
Interest expense1.12B USD919M USD819M USD939M USD1.86B USD
Depreciation and amortization4.18B USD3.82B USD3.52B USD3.28B USD3.22B USD
Operating income13.49B USD12.89B USD11.99B USD11.51B USD11.16B USD
Net income8.24B USD9.58B USD9.07B USD8.91B USD7.62B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+2.49%
11 comparable reports
Latest EPS result
2.2
Estimate 2.19 · Beat by 0.46%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.42.061.731.39Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.96, estimate 1.95, surprise +0.51%, Beat. Q2 2025, reported Apr 24, 2025: actual 1.48, estimate 1.49, surprise -0.67%, Miss. Q3 2025, reported Jul 17, 2025: actual 2.12, estimate 2.03, surprise +4.43%, Beat. Q4 2025, reported Oct 9, 2025: actual 2.29, estimate 2.26, surprise +1.33%, Beat. Q1 2026, reported Feb 3, 2026: actual 2.26, estimate 2.24, surprise +0.89%, Beat. Q2 2026, reported Apr 16, 2026: actual 1.61, estimate 1.54, surprise +4.55%, Beat. Q3 2026, reported Jul 9, 2026: actual 2.2, estimate 2.19, surprise +0.46%, Beat. Q4 2026, reported Oct 8, 2026: actual —, estimate 2.31, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates30.52B25.87B21.23B16.58BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 27.78B USD, estimate 27.89B USD, surprise -0.38%, Miss. Q2 2025, reported Apr 24, 2025: actual 17.92B USD, estimate 17.76B USD, surprise +0.91%, Beat. Q3 2025, reported Jul 17, 2025: actual 22.73B USD, estimate 22.27B USD, surprise +2.04%, Beat. Q4 2025, reported Oct 9, 2025: actual 23.94B USD, estimate 23.84B USD, surprise +0.42%, Beat. Q1 2026, reported Feb 3, 2026: actual 29.34B USD, estimate 28.98B USD, surprise +1.26%, Beat. Q2 2026, reported Apr 16, 2026: actual 19.44B USD, estimate 18.95B USD, surprise +2.63%, Beat. Q3 2026, reported Jul 9, 2026: actual 24.18B USD, estimate 23.95B USD, surprise +0.98%, Beat. Q4 2026, reported Oct 8, 2026: actual —, estimate 25B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$155.64

8.48% upside
Past 12 months12-month forecastHigh $183Average $155.64Low $134

Rating distribution

46 ratings
Strong buy12%
Buy1533%
Hold2963%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions
BNP ParibasmaintainOutperform

PEP news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$5.6225

2025 complete year+32.4% since 2021

2026 partial: $2.9025

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 4, 2026

$1.48

Quarterly

Record Sep 4, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 5, 2026

$1.48

Quarterly

Record Jun 5, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 6, 2026

$1.4225

Quarterly

Record Mar 6, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 5, 2025

$1.4225

Quarterly

Record Dec 5, 2025 · Payment Jan 6, 2026

Dividend

Ex-dividend Sep 5, 2025

$1.4225

Quarterly

Record Sep 5, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 6, 2025

$1.4225

Quarterly

Record Jun 6, 2025 · Payment Jun 30, 2025

PEP peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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