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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.

131.49 3.11 +2.42%
Market cap
$175.0B
P/E
16.5×
Fwd P/E
17.5×
Dividend yield
4.41%
F-score
5/9
Altman Z
3.48
Beneish M
−2.54
Dividend safety
43/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

PepsiCo, Inc. (PEP) Gross margin

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PepsiCo, Inc.'s gross margin over the twelve months to 30 September 2026 was 54.2%, up 0.0 percentage points from fiscal 2025 (54.2%). Over the past ten years it has ranged from 53.0% (fiscal 2022) to 55.1% (fiscal 2019); the current reading is higher than 27% of that period. That is above the Beverages Non Alcoholic industry median of 41.1% and above the Consumer Defensive sector median of 34.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 54.2% (0.40)
FY2024 54.6% 0.34
FY2023 54.2% 1.18
FY2022 53.0% (0.32)
FY2021 53.4% (1.47)
FY2020 54.8% (0.31)
FY2019 55.1% 0.57
FY2018 54.6% (0.11)
FY2017 54.7% (0.39)
FY2016 55.1% 0.62

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 54.4% 0.20
Jun 2026 54.2% (0.97)
Mar 2026 55.2% 1.96
Dec 2025 53.2% (0.34)
47 more quarters

Against its own ten years

Low 53.0% High 55.1%
Ten-year median 54.6%
Current reading's percentile 38

Gross margin against peers

Company Gross margin
KO CocaCola Company (The) compare 61.9%
MNST Monster Beverage Corporation compare 55.6%
PEP PepsiCo, Inc. 54.2%
KDP Keurig Dr Pepper, Inc compare 49.4%
CELH Celsius Holdings Inc. compare 48.8%
KOF Coca Cola Femsa S.A.B. de C.V. compare 46.4%
COCO Vita Coco Company, Inc. compare 41.1%
COKE Coca-Cola Consolidated, Inc. compare 39.1%
CCEP Coca-Cola Europacific Partners compare 36.0%
Beverages Non Alcoholic industry median 41.1%
Consumer Defensive sector median 34.8%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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