PepsiCo Inc (PEP) stock

PEPNasdaqBeveragesFiscal year ends December 26

Financials through Q3 FY2026, quarter ended Sep 5, 2026Last filing: 10-Q on Oct 8, 2026Score 24/3030% below fair value

$137.34+3.55 (+2.65%)

Close on Oct 30, 2026Market cap $187.45BP/E 17.3Yield 4.09%

Earnings

PepsiCo's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 2, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$25.27B

+5.6% on a year earlier

Core EPS, Q3 FY2026

$2.34

$2.29 a year earlier

Latest guidance

Raised

Oct 7, 2026 · 5 items

Quarterly results

Revenue and earnings per share from each of PepsiCo's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 27, 2026	Feb 2, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 5, 2026	Oct 8, 2026after the close	$25.27B	+5.6%	$2.23	$2.34	Release
Q2 FY2026ended Jun 13, 2026	Jul 9, 2026after the close	$24.18B	+6.4%	$2.18	$2.20	Release
Q1 FY2026ended Mar 21, 2026	Apr 16, 2026after the close	$19.44B	–	$1.70	$1.61	Release
Q4 FY2025ended Dec 27, 2025	Feb 3, 2026after the close	$29.34B	+5.6%	$1.85	–	Release
Q3 FY2025ended Sep 6, 2025	Oct 9, 2025after the close	$23.94B	+2.7%	$1.90	$2.29	Release
Q2 FY2025ended Jun 14, 2025	Jul 17, 2025after the close	$22.73B	+1.0%	$0.92	$2.12	Release
Q1 FY2025ended Mar 22, 2025	Apr 24, 2025after the close	–	–	–	–	Release
Q4 FY2024ended Dec 28, 2024	Feb 4, 2025after the close	$27.78B	-0.2%	$1.11	$1.96	Release
Q3 FY2024ended Sep 7, 2024	Oct 8, 2024after the close	$23.32B	-0.6%	$2.13	$2.31	Release
Q2 FY2024ended Jun 15, 2024	Jul 11, 2024after the close	$22.50B	+0.8%	$2.23	$2.28	Release
Q1 FY2024ended Mar 23, 2024	Apr 23, 2024after the close	$18.25B	+2.3%	$1.48	$1.61	Release
Q4 FY2023ended Dec 30, 2023	Feb 9, 2024after the close	$27.85B	-0.5%	$0.94	$1.78	Release
Q3 FY2023ended Sep 9, 2023	Oct 10, 2023before the open	$23.45B	+6.7%	$2.24	$2.25	Release
Q2 FY2023ended Jun 17, 2023	Jul 13, 2023after the close	$22.32B	+10.4%	$1.99	$2.09	Release
Q1 FY2023ended Mar 25, 2023	Apr 25, 2023after the close	$17.85B	+10.2%	$1.40	$1.50	Release
Q4 FY2022ended Dec 31, 2022	Feb 9, 2023after the close	$28.00B	+10.9%	$0.37	$1.67	Release
Q3 FY2022ended Sep 3, 2022	Oct 12, 2022after the close	$21.97B	–	$1.95	$1.97	Release
Q2 FY2022ended Jun 11, 2022	Jul 12, 2022after the close	$20.23B	–	$1.03	$1.86	Release
Q1 FY2022ended Mar 19, 2022	Apr 26, 2022after the close	$16.20B	–	$3.06	$1.29	Release
Q4 FY2021ended Dec 25, 2021	Feb 10, 2022after the close	$25.25B	–	$0.95	$1.53	Release
Q3 FY2021ended Sep 4, 2021	Oct 5, 2021after the close	–	–	–	–	Release
Q2 FY2021ended Jun 12, 2021	Jul 13, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Mar 20, 2021	Apr 15, 2021after the close	–	–	–	–	Filing
Q4 FY2020ended Dec 26, 2020	Feb 11, 2021after the close	–	–	–	–	Filing
Q3 FY2020ended Sep 5, 2020	Oct 1, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

PepsiCo's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
net revenue growth	FY2026	+4% – +6%	+4% – +6%	Reaffirmed	Jul 8, 2026
Organic Revenuenon-GAAP	FY2026	+3%	+2% – +4%	Narrowed	Oct 7, 2026
Core Constant Currency EPSnon-GAAP	FY2026	+1% – +2%	+4% – +6%	Lowered	Oct 7, 2026
free cash flow conversion rationon-GAAP	FY2026	80%	–	New	Apr 15, 2026
Capital spending	FY2026	5%	5%	Reaffirmed	Jul 8, 2026
Capital spendingnon-GAAP	FY2026	5%	–	New	Apr 15, 2026
Cash Returns to Shareholdersnon-GAAP	FY2026	$8.90B	–	Reaffirmed	Oct 7, 2026
core annual effective tax ratenon-GAAP	FY2026	22%	22%	Reaffirmed	Jul 8, 2026
free cash flow conversion rationon-GAAP	FY2026	80%	80%	Raised	Jul 8, 2026
Total cash returns to shareholders	FY2026	$8.90B	$8.90B	Reaffirmed	Jul 8, 2026
Total cash returns to shareholdersnon-GAAP	FY2026	$8.90B	–	New	Apr 15, 2026

Guidance history

Every forecast PepsiCo put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 7, 2026	Core Constant Currency EPS	FY2026	+1% – +2%	Lowered
Oct 7, 2026	Core EPS	FY2026	+2.5% – +3.5%	Raised
Oct 7, 2026	Cash Returns to Shareholders	FY2026	$8.90B	Reaffirmed
Oct 7, 2026	Organic Revenue	FY2026	+3%	Narrowed
Oct 7, 2026	Net Revenue	FY2026	+6%	Raised
Jul 8, 2026	Capital spending	FY2026	5%	Reaffirmed
Jul 8, 2026	Core constant currency EPS	FY2026	+4% – +6%	Lowered
Jul 8, 2026	core EPS growth	FY2026	+5% – +7%	Raised
Jul 8, 2026	core annual effective tax rate	FY2026	22%	Reaffirmed
Jul 8, 2026	free cash flow conversion ratio	FY2026	80%	Raised
Jul 8, 2026	Total cash returns to shareholders	FY2026	$8.90B	Reaffirmed
Jul 8, 2026	net revenue growth	FY2026	+4% – +6%	Reaffirmed
Jul 8, 2026	Organic revenue	FY2026	+2% – +4%	Lowered
Apr 15, 2026	Capital spending	FY2026	5%	New
Apr 15, 2026	Core constant currency EPS	FY2026	+4% – +6%	Lowered
Apr 15, 2026	core EPS growth	FY2026	+5% – +7%	Raised
Apr 15, 2026	free cash flow conversion ratio	FY2026	80%	New
Apr 15, 2026	core annual effective tax rate	FY2026	22%	Lowered
Apr 15, 2026	Total cash returns to shareholders	FY2026	$8.90B	New
Apr 15, 2026	Organic revenue	FY2026	+2% – +4%	Reaffirmed
Apr 15, 2026	net revenue growth	FY2026	+4% – +6%	Raised
Feb 2, 2026	Capital spending	FY2026	5%	New
Feb 2, 2026	Core constant currency EPS	FY2026	+4% – +6%	New
Feb 2, 2026	core EPS growth	FY2026	+5% – +7%	Raised
Feb 2, 2026	core annual effective tax rate	FY2026	22%	New
Feb 2, 2026	free cash flow conversion ratio	FY2026	80%	Raised
Feb 2, 2026	Total cash returns to shareholders	FY2026	$8.90B	New
Feb 2, 2026	net revenue growth	FY2026	+4% – +6%	New
Feb 2, 2026	Organic revenue	FY2026	+2% – +4%	New
Oct 8, 2025	core EPS decline	FY2025	+0.5%	Raised
Oct 8, 2025	core annual effective tax rate	FY2025	20%	Reaffirmed
Oct 8, 2025	Total cash returns to shareholders	FY2025	$8.60B	New
Oct 8, 2025	dividends	FY2025	$7.60B	Lowered
Oct 8, 2025	share repurchases	FY2025	$1.00B	Lowered
Jul 16, 2025	core EPS	FY2025	-1.5%	New
Jul 16, 2025	core annual effective tax rate	FY2025	20%	New
Jul 16, 2025	Total cash returns to shareholders	FY2025	$8.60B	New
Apr 23, 2025	core EPS	FY2025	-3%	New
Apr 23, 2025	core annual effective tax rate	FY2025	20%	Reaffirmed
Feb 3, 2025	share repurchases	FY2025	$1.00B	Lowered
Feb 3, 2025	annualized dividend	FY2025	$5.69	New
Feb 3, 2025	Total cash returns to shareholders	FY2025	$8.60B	New
Feb 3, 2025	foreign exchange translation headwind	FY2025	3%	New
Feb 3, 2025	core annual effective tax rate	FY2025	20%	New
Feb 3, 2025	increase in its annualized dividend	FY2025	+5%	New
Feb 3, 2025	dividends	FY2025	$7.60B	Lowered
Oct 7, 2024	core constant currency EPS	FY2024	+8%	Reaffirmed
Oct 7, 2024	core annual effective tax rate	FY2024	20%	Reaffirmed
Jul 10, 2024	core constant currency EPS	FY2024	+8%	Reaffirmed
Jul 10, 2024	Total cash returns to shareholders	FY2024	$8.20B	Reaffirmed
Jul 10, 2024	core annual effective tax rate	FY2024	20%	Reaffirmed
Jul 10, 2024	organic revenue growth	FY2024	+4%	Reaffirmed
Apr 22, 2024	core constant currency EPS	FY2024	+8%	Reaffirmed
Apr 22, 2024	core annual effective tax rate	FY2024	20%	Reaffirmed
Apr 22, 2024	Total cash returns to shareholders	FY2024	$8.20B	New
Apr 22, 2024	organic revenue	FY2024	+4%	Reaffirmed
Feb 8, 2024	core constant currency EPS	FY2024	+8%	New
Feb 8, 2024	core annual effective tax rate	FY2024	20%	New
Feb 8, 2024	organic revenue	FY2024	+4%	New
Oct 10, 2023	core constant currency EPS growth	FY2023	+13%	Raised
Oct 10, 2023	core annual effective tax rate	FY2023	20%	Reaffirmed
Oct 10, 2023	organic revenue growth	FY2023	+10%	Reaffirmed
Jul 12, 2023	core constant currency EPS growth	FY2023	+12%	Raised
Jul 12, 2023	core annual effective tax rate	FY2023	20%	New
Jul 12, 2023	organic revenue growth	FY2023	+10%	Raised
Apr 24, 2023	core constant currency EPS growth	FY2023	+9%	Raised
Apr 24, 2023	organic revenue growth	FY2023	+8%	Raised
Feb 8, 2023	core constant currency earnings per share growth	FY2023	+8%	New
Feb 8, 2023	organic revenue growth	FY2023	+6%	New
Oct 11, 2022	core constant currency EPS growth	FY2022	+10%	Raised
Oct 11, 2022	core annual effective tax rate	FY2022	20%	Reaffirmed
Oct 11, 2022	organic revenue growth	FY2022	+12%	Raised
Jul 11, 2022	core constant currency EPS	FY2022	+8%	Reaffirmed
Jul 11, 2022	core annual effective tax rate	FY2022	20%	Reaffirmed
Jul 11, 2022	Total cash returns to shareholders	FY2022	$7.70B	Reaffirmed
Jul 11, 2022	organic revenue growth	FY2022	+10%	Raised
Apr 25, 2022	core constant currency EPS	FY2022	+8%	Reaffirmed
Apr 25, 2022	core annual effective tax rate	FY2022	20%	Reaffirmed
Apr 25, 2022	Total cash returns to shareholders	FY2022	$7.70B	New
Apr 25, 2022	organic revenue growth	FY2022	+8%	Raised
Feb 9, 2022	core constant currency EPS	FY2022	+8%	New
Feb 9, 2022	core annual effective tax rate	FY2022	20%	New
Feb 9, 2022	organic revenue	FY2022	+6%	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.