PepsiCo, Inc.
PEP Consumer Defensive Beverages Non Alcoholic
PepsiCo, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $93.9 billion, up 2.25% from fiscal 2024. In the quarter to September 2026, revenue grew 5.59%, EPS grew 18.5%, free cash flow grew 1,051.6% and total debt fell 3.30%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for twenty-five consecutive years, revenue growth for five.
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PepsiCo, Inc. (PEP) Free cash flow
PepsiCo, Inc.'s free cash flow for fiscal 2025 was $8.2B, up 8.88% from $7.5B in fiscal 2024. Over the twelve months to 30 September 2026 it was $10.8B. Over the past ten years it has ranged from $5.6B (fiscal 2019) to $8.2B (fiscal 2025) — the current reading is the highest in ten years. PepsiCo, Inc. ranks 2nd of 17 Beverages Non Alcoholic companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $8.2B | 8.88% |
| FY2024 | $7.5B | (7.28%) |
| FY2023 | $8.1B | 38.72% |
| FY2022 | $5.9B | (18.19%) |
| FY2021 | $7.2B | 11.34% |
| FY2020 | $6.4B | 15.05% |
| FY2019 | $5.6B | (10.85%) |
| FY2018 | $6.3B | (13.45%) |
| FY2017 | $7.2B | (6.23%) |
| FY2016 | $7.7B | (5.74%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $4.7B | 199.87% |
| Jun 2026 | $1.6B | — |
| Mar 2026 | −$460.0M | — |
| Dec 2025 | $5.0B | 1,118.43% |
| 47 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| KO CocaCola Company (The) compare | $14.3B |
| PEP PepsiCo, Inc. | $10.8B |
| CCEP Coca-Cola Europacific Partners compare | $2.4B |
| MNST Monster Beverage Corporation compare | $2.1B |
| KDP Keurig Dr Pepper, Inc compare | $2.0B |
| KOF Coca Cola Femsa S.A.B. de C.V. compare | $793.0M |
| COKE Coca-Cola Consolidated, Inc. compare | $644.7M |
| CELH Celsius Holdings Inc. compare | $462.8M |
| COCO Vita Coco Company, Inc. compare | $124.4M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on PEP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
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- Net margin
- Free cash flow margin
- P/E ratio
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- Price to free cash flow
- EV/EBITDA
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