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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) Operating margin

Alert me on Operating margin

PepsiCo, Inc.'s operating margin over the twelve months to 30 September 2026 was 15.3%, up 3.1 percentage points from fiscal 2025 (12.2%). Over the past ten years it has ranged from 12.2% (fiscal 2025) to 16.2% (fiscal 2017) — the current reading is the lowest in ten years. That is above the Beverages Non Alcoholic industry median of 13.4% and above the Consumer Defensive sector median of 1.55%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 12.2% (1.79)
FY2024 14.0% 0.93
FY2023 13.1% (0.23)
FY2022 13.3% (0.71)
FY2021 14.0% (0.28)
FY2020 14.3% (1.00)
FY2019 15.3% (0.32)
FY2018 15.6% (0.54)
FY2017 16.2% 0.57
FY2016 15.6% 2.36

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 16.9% 0.22
Jun 2026 16.6% 0.11
Mar 2026 16.5% 4.41
Dec 2025 12.1% (2.79)
47 more quarters

Against its own ten years

Low 12.2% High 16.2%
Ten-year median 14.0%
Current reading's percentile 65

Operating margin against peers

Company Operating margin
KO CocaCola Company (The) compare 29.6%
MNST Monster Beverage Corporation compare 29.2%
COCO Vita Coco Company, Inc. compare 19.1%
KDP Keurig Dr Pepper, Inc compare 16.2%
PEP PepsiCo, Inc. 15.3%
KOF Coca Cola Femsa S.A.B. de C.V. compare 14.4%
COKE Coca-Cola Consolidated, Inc. compare 13.0%
CELH Celsius Holdings Inc. compare 5.26%
CCEP Coca-Cola Europacific Partners compare 0.00%
Beverages Non Alcoholic industry median 13.4%
Consumer Defensive sector median 1.55%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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