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 24/3023% below fair value
$145.44+3.18 (+2.24%)
Close on Nov 13, 2026Market cap $198.20BP/E 18.3Yield 3.87%
PepsiCo gross margin
Gross margin is gross profit as a percentage of revenue.
PepsiCo's gross margin for the twelve months ending Sep 5, 2026 was 54.2%. For fiscal 2025 it was 54.1%, against 54.6% the year before. The highest annual figure on record is 55.1% in fiscal 2019.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 27, 2025 | 54.1% | −0.4 |
| FY2024 | Dec 28, 2024 | 54.6% | +0.3 |
| FY2023 | Dec 30, 2023 | 54.2% | +1.2 |
| FY2022 | Dec 31, 2022 | 53.0% | −0.3 |
| FY2021 | Dec 25, 2021 | 53.3% | −1.5 |
| FY2020 | Dec 26, 2020 | 54.8% | −0.3 |
| FY2019 | Dec 28, 2019 | 55.1% | +0.6 |
| FY2018 | Dec 29, 2018 | 54.6% | −0.1 |
| FY2017 | Dec 30, 2017 | 54.7% | −0.4 |
| FY2016 | Dec 31, 2016 | 55.1% | +0.6 |
| FY2015 | Dec 26, 2015 | 54.4% | +1.3 |
| FY2014 | Dec 27, 2014 | 53.2% | +0.2 |
| FY2013 | Dec 28, 2013 | 53.0% | +0.7 |
| FY2012 | Dec 29, 2012 | 52.2% | −0.3 |
| FY2011 | Dec 31, 2011 | 52.5% | −1.6 |
| FY2010 | Dec 25, 2010 | 54.1% | +0.5 |
| FY2009 | Dec 26, 2009 | 53.5% | +0.6 |
| FY2008 | Dec 27, 2008 | 52.9% | −1.4 |
| FY2007 | Dec 29, 2007 | 54.3% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 5, 2026 | 54.4% | +0.8 |
| Q2 FY2026 | Jun 13, 2026 | 54.2% | −0.4 |
| Q1 FY2026 | Mar 21, 2026 | 55.2% | −0.6 |
| Q4 FY2025 | Dec 27, 2025 | 53.2% | +0.7 |
| Q3 FY2025 | Sep 6, 2025 | 53.6% | −1.8 |
| Q2 FY2025 | Jun 14, 2025 | 54.7% | −1.3 |
| Q1 FY2025 | Mar 22, 2025 | 55.8% | +1.0 |
| Q4 FY2024 | Dec 28, 2024 | 52.6% | −0.4 |
| Q3 FY2024 | Sep 7, 2024 | 55.4% | +0.9 |
| Q2 FY2024 | Jun 15, 2024 | 55.9% | +1.3 |
| Q1 FY2024 | Mar 23, 2024 | 54.8% | −0.4 |
| Q4 FY2023 | Dec 30, 2023 | 53.0% | +0.9 |
| Q3 FY2023 | Sep 9, 2023 | 54.5% | +1.4 |
| Q2 FY2023 | Jun 17, 2023 | 54.7% | +1.2 |
| Q1 FY2023 | Mar 25, 2023 | 55.2% | +1.1 |
| Q4 FY2022 | Dec 31, 2022 | 52.1% | +0.1 |
| Q3 FY2022 | Sep 3, 2022 | 53.1% | −0.4 |
| Q2 FY2022 | Jun 11, 2022 | 53.4% | −0.3 |
| Q1 FY2022 | Mar 19, 2022 | 54.1% | −0.9 |
| Q4 FY2021 | Dec 25, 2021 | 52.0% | −1.6 |
| Q3 FY2021 | Sep 4, 2021 | 53.5% | −1.4 |
| Q2 FY2021 | Jun 12, 2021 | 53.8% | −1.8 |
| Q1 FY2021 | Mar 20, 2021 | 55.0% | −0.9 |
| Q4 FY2020 | Dec 26, 2020 | 53.6% | −1.1 |
| Q3 FY2020 | Sep 5, 2020 | 54.9% | −0.3 |
| Q2 FY2020 | Jun 13, 2020 | 55.5% | +0.6 |
| Q1 FY2020 | Mar 21, 2020 | 55.9% | +0.0 |
| Q4 FY2019 | Dec 28, 2019 | 54.7% | +0.5 |
| Q3 FY2019 | Sep 7, 2019 | 55.2% | +0.9 |
| Q2 FY2019 | Jun 15, 2019 | 55.0% | +0.1 |
| Q1 FY2019 | Mar 23, 2019 | 55.9% | +0.9 |
| Q4 FY2018 | Dec 29, 2018 | 54.2% | +0.7 |
| Q3 FY2018 | Sep 8, 2018 | 54.3% | −0.3 |
| Q2 FY2018 | Jun 16, 2018 | 54.9% | −0.2 |
| Q1 FY2018 | Mar 24, 2018 | 55.0% | −1.1 |
| Q4 FY2017 | Dec 30, 2017 | 53.5% | −0.6 |
| Q3 FY2017 | Sep 9, 2017 | 54.6% | – |
| Q2 FY2017 | Jun 17, 2017 | 55.1% | – |
| Q1 FY2017 | Mar 25, 2017 | 56.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 54.1% | – |
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