PepsiCo Inc (PEP) operating KPIs
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%
KPIs
Operating metrics that drive PepsiCo's business · fiscal year ends Last Saturday of December (52/53-week fiscal year; Q1–Q3 are 12 weeks, Q4 is 16 weeks; FY2025 ended December 27, 2025; Q3 2026 ended September 5, 2026)
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PepsiCo's fiscal year ends Last Saturday of December (52/53-week fiscal year; Q1–Q3 are 12 weeks, Q4 is 16 weeks; FY2025 ended December 27, 2025; Q3 2026 ended September 5, 2026) — Q3 2026 = Jun–Aug 2026.
Column labels
| Add to chart | Metric | Q3 2026 2026-09-05 | Q2 2026 2026-06-13 | Q1 2026 2026-03-21 | Q4 2025 2025-12-27 | Q3 2025 2025-09-06 | Q2 2025 2025-06-14 | Q1 2025 2025-03-22 | Q4 2024 2024-12-28 | Q3 2024 2024-09-07 | Q2 2024 2024-06-15 | Q1 2024 2024-03-23 | Q4 2023 2023-12-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Convenient foods volume growth YoY, consolidated (%)(%)10 | 1.0% | 3.0% | 4.0% | -2.0% | -1.0% | -1.5% | -3.0% | 1.0% | -2.0% | -2.0% | -0.5% | -3.0% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | 0.0% | 2.0% | -1.0% | -4.0% | -1.0% | -1.0% | -4.0% | -4.0% | -7.0% | -7.0% | ||
Europe, Middle East and Africa (EMEA)(%) | -1.0% | 4.0% | 9.0% | -5.0% | -1.0% | -6.0% | -9.0% | 3.0% | -2.5% | 1.5% | 3.0% | ||
Latin America Foods (LatAm Foods)(%) | 3.0% | 0.0% | -2.0% | -1.0% | 0.0% | 4.0% | -0.5% | 0.0% | -2.0% | -6.0% | -0.5% | ||
Asia Pacific Foods (APAC Foods)(%) | 11.0% | 10.0% | 9.0% | 4.0% | 3.0% | 5.0% | 3.0% | 6.0% | 3.5% | 3.0% | 12.0% | ||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | -3.0% | -1.5% | -4.0% | -2.0% | -2.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | -6.0% | -13.0% | -17.0% | -22.0% | -8.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 0.0% | -2.0% | -6.0% | -0.5% | -6.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 1.0% | 1.0% | 5.0% | 2.0% | -1.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 5.0% | -3.0% | 1.0% | 4.5% | 0.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 4.0% | 1.0% | -1.0% | 12.0% | -4.0% | ||||||||
Beverages volume growth YoY, consolidated (%)(%)7 | 3.0% | 2.0% | 0.0% | 1.0% | -1.0% | 0.0% | 0.0% | 1.0% | -2.0% | 0.0% | 0.0% | -2.0% | |
PepsiCo Beverages North America (PBNA)(%) | -2.0% | -4.0% | -2.5% | -4.0% | -3.0% | -2.0% | -3.0% | -3.0% | -3.0% | -3.0% | -5.0% | -6.0% | |
International Beverage Franchise (IB Franchise)(%) | 5.0% | 5.0% | 0.5% | 3.0% | -1.0% | 1.0% | 3.0% | 3.0% | -1.0% | 2.0% | 2.0% | ||
Europe, Middle East and Africa (EMEA)(%) | 4.0% | 1.0% | 2.0% | 1.0% | 1.5% | 1.0% | -4.0% | -1.0% | -3.5% | 0.0% | 4.0% | ||
Legacy: Latin America (through FY2024)(%) | -1.0% | -1.0% | 2.0% | 2.0% | 0.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 3.0% | 0.0% | 1.0% | 7.0% | -2.5% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 2.0% | -2.0% | 2.0% | 2.0% | 0.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 5.5% | -3.0% | 1.0% | 0.0% | 0.0% | ||||||||
Organic volume growth YoY, consolidated (%)(%)12 | 0.5% | 1.0% | 0.0% | -2.0% | -3.0% | -1.5% | -2.0% | -1.0% | -2.0% | -3.0% | -2.0% | -4.0% | |
PepsiCo Foods North America (PFNA)(%) | 0.5% | 0.0% | 2.0% | -2.0% | -4.0% | -1.5% | -3.0% | -3.0% | -3.0% | -5.0% | -4.0% | ||
PepsiCo Beverages North America (PBNA)(%) | -3.0% | -2.0% | -4.0% | -5.0% | -4.0% | -4.0% | -1.0% | -3.0% | -3.0% | -3.5% | -5.0% | -7.0% | |
International Beverage Franchise (IB Franchise)(%) | 5.5% | 6.0% | -3.0% | 1.0% | -5.0% | 1.0% | 5.0% | 6.0% | 1.0% | 1.0% | 3.0% | ||
Europe, Middle East and Africa (EMEA)(%) | 1.0% | 3.0% | 6.0% | -3.0% | 0.0% | -4.0% | -8.0% | 1.0% | -3.0% | 1.0% | 4.0% | ||
Latin America Foods (LatAm Foods)(%) | 2.5% | 0.0% | -2.0% | -1.0% | 0.0% | 4.0% | -0.5% | 0.0% | -2.0% | -6.0% | -0.5% | ||
Asia Pacific Foods (APAC Foods)(%) | 11.0% | 10.0% | 10.0% | 5.0% | 4.0% | 6.0% | 3.5% | 6.0% | 4.0% | 3.0% | 12.0% | ||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | -2.5% | -2.0% | -3.0% | -2.0% | -1.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | -14.0% | -17.0% | -20.0% | -22.0% | -5.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 0.0% | -2.0% | -5.0% | -1.0% | -5.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 2.0% | 1.0% | 2.0% | 3.0% | -1.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 3.0% | -3.5% | 1.0% | 5.0% | 0.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 5.0% | -1.0% | 0.0% | 12.0% | -6.0% | ||||||||
Effective net pricing YoY, consolidated (%)(%)12 | 3.0% | 2.0% | 2.0% | 4.5% | 4.0% | 4.0% | 3.0% | 3.0% | 3.0% | 5.0% | 5.0% | 9.0% | |
PepsiCo Foods North America (PFNA)(%) | -1.0% | -2.0% | -1.0% | 1.0% | 2.0% | 0.0% | 1.0% | 1.5% | 0.5% | 3.0% | 3.0% | ||
PepsiCo Beverages North America (PBNA)(%) | 3.0% | 3.0% | 6.0% | 7.0% | 6.0% | 4.5% | 2.0% | 3.0% | 3.0% | 5.0% | 6.0% | 9.0% | |
International Beverage Franchise (IB Franchise)(%) | 2.0% | 3.0% | 8.0% | 0.0% | 4.0% | 4.0% | 2.0% | 5.5% | 5.0% | 7.0% | 3.0% | ||
Europe, Middle East and Africa (EMEA)(%) | 7.0% | 3.0% | 0.0% | 8.0% | 6.0% | 11.0% | 16.0% | 8.0% | 9.0% | 8.0% | 5.0% | ||
Latin America Foods (LatAm Foods)(%) | 3.0% | 4.0% | 5.5% | 6.0% | 4.0% | 2.0% | 3.0% | 3.0% | 4.0% | 7.0% | 9.0% | ||
Asia Pacific Foods (APAC Foods)(%) | -2.0% | -1.0% | -2.0% | 0.0% | -3.0% | -6.0% | -4.0% | -5.0% | -2.0% | -3.0% | -2.0% | ||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | 2.0% | 2.0% | 3.0% | 3.0% | 10.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | 0.5% | -1.0% | -1.0% | -2.0% | 5.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 3.5% | 4.0% | 6.0% | 9.0% | 13.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 5.5% | 5.0% | 5.0% | 7.0% | 11.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 11.0% | 10.0% | 11.0% | 2.0% | 11.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | -4.0% | 0.0% | 1.5% | -1.0% | 5.0% | ||||||||
Product category mix of net revenue: Beverages vs. Convenient Foods (%)8 | |||||||||||||
Consolidated — Convenient Foods share of net revenue (%)(%) | 55.0% | 56.0% | 58.0% | 55.0% | 57.0% | 58.0% | 56.0% | 57.0% | 59.0% | ||||
Consolidated — Beverages share of net revenue (%)(%)1 | 45.0% | 44.0% | 42.0% | 45.0% | 43.0% | 42.0% | 44.0% | 43.0% | 41.0% | ||||
Company-owned bottlers beverage revenue (% of consolidated net revenue)(%) | 38.0% | 36.0% | 36.0% | 38.0% | 36.0% | 36.0% | 37.0% | 36.0% | 35.0% | ||||
North America — Convenient Foods share of net revenue (%)(%) | 46.0% | 47.0% | 50.0% | 47.0% | 49.0% | 51.0% | 48.0% | 49.0% | 52.0% | ||||
North America — Beverages share of net revenue (%)(%) | 54.0% | 53.0% | 50.0% | 53.0% | 51.0% | 49.0% | 52.0% | 51.0% | 48.0% | ||||
International — Convenient Foods share of net revenue (%)(%) | 67.0% | 68.0% | 73.0% | 67.0% | 67.0% | 73.0% | 68.0% | 70.0% | 75.0% | ||||
International — Beverages share of net revenue (%)(%) | 33.0% | 32.0% | 27.0% | 33.0% | 33.0% | 27.0% | 32.0% | 30.0% | 25.0% | ||||
EMEA segment — Convenient Foods share of EMEA net revenue (%)(%) | 59.0% | 63.0% | 66.0% | 59.0% | 62.0% | 66.0% | |||||||
EMEA segment — Beverages share of EMEA net revenue (%)(%) | 41.0% | 37.0% | 34.0% | 41.0% | 38.0% | 34.0% | |||||||
Organic revenue growth YoY (%)(%)12 | 3.0% | 2.0% | 3.0% | 2.0% | 1.0% | 2.0% | 1.0% | 2.0% | 1.0% | 2.0% | 3.0% | 4.5% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | -2.0% | 1.0% | -1.0% | -3.0% | -2.0% | -2.0% | -2.0% | -2.0% | -2.0% | -1.5% | ||
PepsiCo Beverages North America (PBNA)(%) | 0.0% | 1.0% | 2.0% | 2.0% | 2.0% | 1.0% | 1.0% | 0.0% | 1.0% | 1.0% | 1.0% | 3.0% | |
International Beverage Franchise (IB Franchise)(%) | 7.0% | 9.0% | 5.0% | 2.0% | -1.0% | 5.0% | 7.0% | 11.0% | 6.0% | 8.0% | 7.0% | ||
Europe, Middle East and Africa (EMEA)(%) | 9.0% | 6.0% | 7.0% | 5.0% | 5.5% | 7.0% | 8.0% | 9.0% | 6.0% | 9.0% | 9.0% | ||
Latin America Foods (LatAm Foods)(%) | 6.0% | 4.0% | 3.0% | 5.0% | 4.0% | 6.0% | 3.0% | 3.0% | 2.0% | 1.0% | 9.0% | ||
Asia Pacific Foods (APAC Foods)(%) | 9.0% | 9.0% | 7.0% | 4.0% | 1.0% | 0.0% | -1.0% | 2.0% | 1.5% | 1.0% | 10.0% | ||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | -0.5% | 0.0% | 1.0% | 2.0% | 9.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | -14.0% | -18.0% | -21.0% | -24.0% | 1.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 4.0% | 3.0% | 2.0% | 8.0% | 8.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 7.0% | 6.0% | 7.0% | 10.0% | 10.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 14.0% | 6.0% | 12.0% | 7.0% | 11.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 1.0% | -1.0% | 1.0% | 11.0% | -1.0% | ||||||||
Reported (GAAP) net revenue growth YoY (%)(%)12 | 6.0% | 6.0% | 9.0% | 6.0% | 3.0% | 1.0% | -2.0% | 0.0% | -1.0% | 1.0% | 2.0% | -0.5% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | -2.0% | 2.0% | 1.5% | 0.0% | 1.0% | -1.0% | -2.0% | -2.5% | -2.0% | -1.0% | ||
PepsiCo Beverages North America (PBNA)(%) | 5.0% | 7.0% | 9.0% | 4.0% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 1.0% | -2.0% | |
International Beverage Franchise (IB Franchise)(%) | 8.0% | 11.0% | 9.0% | 3.5% | 0.0% | 3.0% | 3.0% | 9.0% | 4.0% | 7.0% | 7.0% | ||
Europe, Middle East and Africa (EMEA)(%) | 8.0% | 10.0% | 18.0% | 12.0% | 9.0% | 8.0% | -2.0% | 4.5% | 2.0% | 1.5% | 2.0% | ||
Latin America Foods (LatAm Foods)(%) | 14.0% | 15.0% | 16.0% | 11.0% | 2.0% | -7.0% | -12.0% | -8.0% | -5.0% | 6.0% | 17.0% | ||
Asia Pacific Foods (APAC Foods)(%) | 10.0% | 12.0% | 11.0% | 5.0% | 2.0% | 0.5% | -2.0% | 2.0% | 0.5% | -2.0% | 5.0% | ||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | -1.0% | 0.0% | 0.5% | 2.0% | 7.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | -14.0% | -18.0% | -21.0% | -24.0% | -2.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | -7.0% | -5.0% | 7.0% | 16.0% | 18.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 6.0% | 7.0% | 2.5% | 3.0% | -1.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 5.0% | -4.0% | 2.0% | 2.0% | -4.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 2.0% | -2.0% | -2.0% | 6.0% | -2.0% | ||||||||
Foreign exchange translation impact on net revenue growth (percentage points)(%)12 | -1.0% | -2.0% | -3.0% | -2.0% | -0.5% | 1.5% | 3.0% | 2.0% | 2.0% | 1.0% | 0.5% | 1.5% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||
PepsiCo Beverages North America (PBNA)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
International Beverage Franchise (IB Franchise)(%) | -1.0% | -2.0% | -4.0% | -2.0% | -1.0% | 2.0% | 5.0% | ||||||
Europe, Middle East and Africa (EMEA)(%) | 1.0% | -3.0% | -12.0% | -7.0% | -4.0% | -2.0% | 9.0% | ||||||
Latin America Foods (LatAm Foods)(%) | -8.0% | -11.0% | -13.0% | -6.0% | 2.0% | 14.0% | 15.0% | ||||||
Asia Pacific Foods (APAC Foods)(%) | -1.0% | -3.0% | -4.0% | 0.0% | 0.0% | 1.0% | 2.0% | ||||||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 11.0% | 7.0% | -5.0% | -8.0% | -10.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 1.0% | 0.0% | 5.0% | 7.0% | 11.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 9.0% | 11.0% | 11.0% | 4.0% | 13.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | -1.0% | 1.0% | 3.0% | 5.0% | 1.0% | ||||||||
Acquisitions, divestitures and structural changes impact on net revenue growth (percentage points)(%)12 | -2.0% | -2.0% | -2.5% | -1.0% | -1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | 0.0% | -1.0% | -2.0% | -2.5% | -2.0% | -1.0% | ||||||
PepsiCo Beverages North America (PBNA)(%) | -6.0% | -6.0% | -7.0% | -2.0% | 0.0% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | |
International Beverage Franchise (IB Franchise)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||
Europe, Middle East and Africa (EMEA)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||
Latin America Foods (LatAm Foods)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||
Asia Pacific Foods (APAC Foods)(%) | 0.0% | 0.0% | 0.0% | -1.0% | -1.0% | -1.0% | -1.0% | ||||||
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 0.0% | 0.0% | -1.0% | 0.0% | 1.5% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Organic net revenue ($M, recast Schedule A-6)($M)6 | 24,668 | 23,266 | 18,376 | 28,365 | 23,627 | 22,970 | 18,464 | 28,437 | 23,750 | 22,745 | 18,325 | ||
PepsiCo Foods North America (PFNA)($M) | 6,514 | 6,364 | 6,259 | 8,132 | 6,366 | 6,326 | 6,171 | 8,203 | 6,548 | 6,441 | 6,267 | ||
PepsiCo Beverages North America (PBNA)($M) | 7,289 | 6,827 | 5,968 | 8,037 | 7,305 | 6,868 | 5,906 | 7,934 | 7,202 | 6,832 | 5,873 | ||
International Beverage Franchise (IB Franchise)($M) | 1,387 | 1,494 | 796 | 1,549 | 1,278 | 1,391 | 791 | 1,549 | 1,314 | 1,331 | 739 | ||
Europe, Middle East and Africa (EMEA)($M) | 5,455 | 4,830 | 2,544 | 5,699 | 4,864 | 4,466 | 2,620 | 5,640 | 4,766 | 4,491 | 2,595 | ||
Latin America Foods (LatAm Foods)($M) | 2,807 | 2,654 | 1,713 | 3,470 | 2,710 | 2,920 | 1,940 | 3,707 | 2,819 | 2,620 | 1,757 | ||
Asia Pacific Foods (APAC Foods)($M) | 1,216 | 1,097 | 1,096 | 1,478 | 1,104 | 999 | 1,036 | 1,404 | 1,101 | 1,030 | 1,094 | ||
Foreign exchange translation adjustment to net revenue ($M)($M)6 | -178 | -503 | -608 | -616 | -125 | 337 | 609 | 632 | 420 | 240 | 80 | ||
PepsiCo Foods North America (PFNA)($M) | 10 | -4 | -19 | 2 | 2 | 8 | 25 | 12 | 12 | 6 | -2 | ||
PepsiCo Beverages North America (PBNA)($M) | 11 | -4 | -18 | 2 | 2 | 8 | 24 | 12 | 12 | 6 | -1 | ||
International Beverage Franchise (IB Franchise)($M) | -14 | -29 | -28 | -29 | -11 | 25 | 34 | 28 | 24 | 5 | 0 | ||
Europe, Middle East and Africa (EMEA)($M) | 42 | -153 | -279 | -383 | -169 | -82 | 225 | 199 | 158 | 319 | 167 | ||
Latin America Foods (LatAm Foods)($M) | -214 | -286 | -221 | -214 | 54 | 372 | 279 | 393 | 204 | -129 | -133 | ||
Asia Pacific Foods (APAC Foods)($M) | -13 | -27 | -43 | 6 | -3 | 6 | 23 | -12 | 10 | 33 | 49 | ||
Acquisitions and divestitures adjustment to net revenue ($M)($M)6 | -428 | -412 | -459 | -362 | -185 | -93 | -64 | 21 | 11 | 4 | -5 | ||
PepsiCo Foods North America (PFNA)($M) | 0 | 0 | -54 | -183 | -162 | -158 | -68 | 0 | 0 | 0 | 0 | ||
PepsiCo Beverages North America (PBNA)($M) | -428 | -412 | -405 | -163 | -24 | 64 | 7 | 13 | 15 | 15 | 0 | ||
International Beverage Franchise (IB Franchise)($M) | 0 | 0 | 0 | -1 | -2 | -2 | -2 | -3 | 0 | 0 | 0 | ||
Europe, Middle East and Africa (EMEA)($M) | 0 | 0 | 0 | 3 | 11 | 12 | 7 | 11 | -4 | -11 | -5 | ||
Latin America Foods (LatAm Foods)($M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Asia Pacific Foods (APAC Foods)($M) | 0 | 0 | 0 | -18 | -8 | -9 | -8 | 0 | 0 | 0 | 0 | ||
Core operating profit ($M, Non-GAAP)($M)13 | 4,277 | 4,067 | 3,050 | 4,075 | 4,137 | 3,911 | 2,789 | 3,462 | 4,176 | 4,121 | 2,939 | 3,185 | |
PepsiCo Foods North America (PFNA)($M) | 1,382 | 1,369 | 1,505 | 1,912 | 1,570 | 1,488 | 1,575 | 1,952 | 1,627 | 1,705 | 1,698 | ||
PepsiCo Beverages North America (PBNA)($M) | 1,012 | 992 | 639 | 721 | 975 | 994 | 595 | 543 | 1,047 | 992 | 522 | 643 | |
International Beverage Franchise (IB Franchise)($M) | 564 | 638 | 328 | 528 | 511 | 538 | 279 | 472 | 473 | 502 | 261 | ||
Europe, Middle East and Africa (EMEA)($M) | 940 | 767 | 301 | 873 | 808 | 657 | 233 | 638 | 758 | 604 | 232 | ||
Latin America Foods (LatAm Foods)($M) | 626 | 620 | 431 | 725 | 523 | 545 | 351 | 633 | 491 | 550 | 427 | ||
Asia Pacific Foods (APAC Foods)($M) | 179 | 134 | 218 | 54 | 156 | 93 | 161 | -22 | 131 | 107 | 175 | ||
Corporate unallocated expenses($M) | -426 | -453 | -372 | -738 | -406 | -404 | -405 | -754 | -351 | -339 | -376 | -911 | |
Legacy: Frito-Lay North America (FLNA, through FY2024)($M) | 1,763 | 1,531 | 1,605 | 1,576 | 1,863 | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)($M) | 189 | 96 | 100 | 122 | 176 | ||||||||
Legacy: Latin America (through FY2024)($M) | 765 | 606 | 653 | 490 | 713 | ||||||||
Legacy: Europe (through FY2024)($M) | 644 | 784 | 639 | 220 | 460 | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)($M) | 220 | 201 | 244 | 152 | 157 | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)($M) | 101 | 264 | 227 | 233 | 84 | ||||||||
Core constant currency operating profit ($M, Non-GAAP)($M)7 | 4,239 | 3,964 | 2,938 | 3,925 | 4,114 | 4,003 | 2,906 | 3,588 | 4,259 | 4,142 | |||
PepsiCo Foods North America (PFNA)($M) | 1,384 | 1,368 | 1,501 | 1,913 | 1,570 | 1,489 | 1,580 | 1,954 | 1,630 | 1,705 | |||
PepsiCo Beverages North America (PBNA)($M) | 1,015 | 992 | 636 | 721 | 975 | 996 | 597 | 544 | 1,049 | 994 | |||
International Beverage Franchise (IB Franchise)($M) | 556 | 627 | 317 | 517 | 508 | 549 | 291 | 485 | 481 | 506 | |||
Europe, Middle East and Africa (EMEA)($M) | 958 | 749 | 272 | 785 | 778 | 643 | 261 | 666 | 781 | 651 | |||
Latin America Foods (LatAm Foods)($M) | 577 | 550 | 375 | 672 | 534 | 638 | 417 | 719 | 536 | 514 | |||
Asia Pacific Foods (APAC Foods)($M) | 175 | 131 | 209 | 55 | 155 | 92 | 165 | -27 | 133 | 111 | |||
Corporate unallocated expenses($M) | -426 | -453 | -372 | -738 | -406 | -404 | -405 | -753 | -351 | -339 | |||
Core constant currency operating profit growth YoY (%)(%)13 | 2.5% | 1.0% | 5.0% | 13.0% | -1.5% | -3.0% | -1.0% | 13.0% | 6.0% | 7.0% | 5.0% | 10.0% | |
PepsiCo Foods North America (PFNA)(%) | -12.0% | -8.0% | -5.0% | -2.0% | -3.5% | -13.0% | -7.0% | ||||||
PepsiCo Beverages North America (PBNA)(%) | 4.0% | 0.0% | 7.0% | 33.0% | -7.0% | 0.0% | 14.0% | -15.0% | 7.0% | 17.0% | 6.0% | 1.0% | |
International Beverage Franchise (IB Franchise)(%) | 9.0% | 17.0% | 14.0% | 9.0% | 7.0% | 9.0% | 12.0% | ||||||
Europe, Middle East and Africa (EMEA)(%) | 19.0% | 14.0% | 17.0% | 23.0% | 3.0% | 6.0% | 13.0% | ||||||
Latin America Foods (LatAm Foods)(%) | 10.0% | 1.0% | 7.0% | 6.0% | 9.0% | 16.0% | -2.0% | ||||||
Asia Pacific Foods (APAC Foods)(%) | 12.0% | 41.0% | 30.0% | 18.0% | -13.0% | -6.0% | |||||||
Corporate unallocated expenses(%) | 5.0% | 12.0% | -8.0% | -2.0% | 16.0% | 20.0% | 8.0% | -16.0% | -36.0% | -9.0% | -6.0% | 10.0% | |
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | -5.0% | -9.0% | -3.0% | -2.0% | -3.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | 7.0% | -28.0% | -23.0% | -35.0% | -9.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 21.0% | 9.0% | 2.0% | 22.0% | 51.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 41.0% | 11.0% | 29.0% | 50.0% | 60.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 57.0% | -9.0% | 3.0% | -2.0% | 45.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | 14.0% | 11.0% | 4.0% | 7.0% | -17.0% | ||||||||
Foreign exchange translation impact on core operating profit growth (percentage points)(%)13 | -1.0% | -3.0% | -4.0% | -4.0% | -1.0% | 2.0% | 4.0% | 4.0% | 2.0% | 0.5% | 0.0% | 2.0% | |
PepsiCo Foods North America (PFNA)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||
PepsiCo Beverages North America (PBNA)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
International Beverage Franchise (IB Franchise)(%) | -1.5% | -2.0% | -4.0% | -2.0% | -1.0% | 2.0% | 5.0% | ||||||
Europe, Middle East and Africa (EMEA)(%) | 2.0% | -3.0% | -12.0% | -14.0% | -4.0% | -2.0% | 12.0% | ||||||
Latin America Foods (LatAm Foods)(%) | -9.0% | -13.0% | -16.0% | -8.0% | 2.0% | 17.0% | 16.0% | ||||||
Asia Pacific Foods (APAC Foods)(%) | -2.0% | -3.0% | -6.0% | -1.0% | -0.5% | 2.0% | |||||||
Corporate unallocated expenses(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
Legacy: Frito-Lay North America (FLNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)(%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||||||
Legacy: Latin America (through FY2024)(%) | 14.0% | 8.0% | -7.0% | -11.0% | -18.0% | ||||||||
Legacy: Europe (through FY2024)(%) | 1.0% | 0.0% | 6.0% | 13.0% | 28.0% | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)(%) | 16.0% | 10.0% | 6.0% | 2.0% | 20.0% | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)(%) | -5.0% | 2.0% | 4.0% | 5.0% | 0.0% | ||||||||
Core gross profit ($M, Non-GAAP)($M)7 | 13,748 | 13,118 | 10,715 | 15,742 | 12,904 | 12,526 | 9,983 | 14,927 | 12,951 | 12,571 | 10,162 | ||
PepsiCo Foods North America (PFNA)($M) | 3,928 | 3,870 | 3,940 | 5,125 | 3,969 | 4,005 | 3,865 | 5,037 | 4,047 | 4,105 | 3,997 | ||
PepsiCo Beverages North America (PBNA)($M) | 4,171 | 3,823 | 3,399 | 4,344 | 3,920 | 3,806 | 3,217 | 4,201 | 3,987 | 3,759 | 3,121 | ||
International Beverage Franchise (IB Franchise)($M) | 992 | 1,086 | 590 | 1,067 | 886 | 968 | 547 | 1,045 | 904 | 926 | 522 | ||
Europe, Middle East and Africa (EMEA)($M) | 2,372 | 2,144 | 1,150 | 2,551 | 2,158 | 1,898 | 981 | 2,246 | 2,034 | 1,777 | 962 | ||
Latin America Foods (LatAm Foods)($M) | 1,787 | 1,761 | 1,154 | 2,110 | 1,522 | 1,474 | 963 | 1,896 | 1,523 | 1,604 | 1,125 | ||
Asia Pacific Foods (APAC Foods)($M) | 498 | 434 | 482 | 545 | 449 | 375 | 410 | 502 | 456 | 400 | 435 | ||
Corporate unallocated expenses($M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Core cost of sales by segment ($M)($M)7 | 11,526 | 11,063 | 8,728 | 13,601 | 11,033 | 10,200 | 7,936 | 12,857 | 10,368 | 9,930 | 8,088 | ||
PepsiCo Foods North America (PFNA)($M) | 2,576 | 2,498 | 2,392 | 3,188 | 2,557 | 2,471 | 2,348 | 3,154 | 2,489 | 2,330 | 2,272 | ||
PepsiCo Beverages North America (PBNA)($M) | 3,535 | 3,420 | 2,992 | 3,854 | 3,407 | 2,990 | 2,659 | 3,708 | 3,188 | 3,052 | 2,753 | ||
International Beverage Franchise (IB Franchise)($M) | 409 | 437 | 234 | 512 | 405 | 400 | 212 | 479 | 386 | 400 | 217 | ||
Europe, Middle East and Africa (EMEA)($M) | 3,041 | 2,839 | 1,673 | 3,528 | 2,864 | 2,638 | 1,407 | 3,184 | 2,578 | 2,406 | 1,471 | ||
Latin America Foods (LatAm Foods)($M) | 1,234 | 1,179 | 780 | 1,574 | 1,134 | 1,074 | 698 | 1,418 | 1,092 | 1,145 | 765 | ||
Asia Pacific Foods (APAC Foods)($M) | 731 | 690 | 657 | 945 | 666 | 627 | 612 | 914 | 635 | 597 | 610 | ||
Corporate unallocated expenses($M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Core selling, general and administrative expenses by segment ($M)($M)7 | 9,471 | 9,051 | 7,665 | 11,667 | 8,767 | 8,615 | 7,194 | 11,465 | 8,775 | 8,450 | 7,223 | ||
PepsiCo Foods North America (PFNA)($M) | 2,546 | 2,501 | 2,435 | 3,213 | 2,399 | 2,517 | 2,290 | 3,085 | 2,420 | 2,400 | 2,299 | ||
PepsiCo Beverages North America (PBNA)($M) | 3,159 | 2,831 | 2,760 | 3,623 | 2,945 | 2,812 | 2,622 | 3,658 | 2,940 | 2,767 | 2,599 | ||
International Beverage Franchise (IB Franchise)($M) | 428 | 448 | 262 | 539 | 375 | 430 | 268 | 573 | 431 | 424 | 261 | ||
Europe, Middle East and Africa (EMEA)($M) | 1,432 | 1,377 | 849 | 1,678 | 1,350 | 1,241 | 748 | 1,608 | 1,276 | 1,173 | 730 | ||
Latin America Foods (LatAm Foods)($M) | 1,161 | 1,141 | 723 | 1,385 | 999 | 929 | 612 | 1,263 | 1,032 | 1,054 | 698 | ||
Asia Pacific Foods (APAC Foods)($M) | 319 | 300 | 264 | 491 | 293 | 282 | 249 | 524 | 325 | 293 | 260 | ||
Corporate unallocated expenses($M) | 426 | 453 | 372 | 738 | 406 | 404 | 405 | 754 | 351 | 339 | 376 | ||
Consolidated Core vs. Reported Margins (%)(%)4 | 16.9% | 16.8% | 15.7% | 13.9% | 17.3% | 17.2% | 15.6% | 12.5% | 17.9% | 18.3% | 16.1% | ||
Core gross margin (%)(%) | 54.4% | 54.3% | 55.1% | 53.6% | 53.9% | 55.1% | 55.7% | 53.7% | 55.5% | 55.9% | 55.7% | ||
Reported (GAAP) gross margin (%)(%) | 54.4% | 54.2% | 55.2% | 53.2% | 53.6% | 54.7% | 55.8% | 52.6% | 55.4% | 55.9% | 54.8% | ||
Core operating margin (%)(%) | 16.9% | 16.8% | 15.7% | 13.9% | 17.3% | 17.2% | 15.6% | 12.5% | 17.9% | 18.3% | 16.1% | ||
Reported (GAAP) operating margin (%)(%) | 16.9% | 16.6% | 16.5% | 12.1% | 14.9% | 7.9% | 14.4% | 8.1% | 16.6% | 18.0% | 14.9% | ||
Core diluted EPS ($/share, Non-GAAP)($)2 | 2.34 | 2.20 | 1.61 | 2.26 | 2.29 | 2.12 | 1.48 | 1.96 | 2.31 | 2.28 | 1.61 | 1.78 | |
Core constant currency EPS growth YoY (%)(%) | 1.5% | 1.0% | 5.0% | 11.0% | -2.0% | -5.0% | -4.0% | 14.0% | 5.0% | 10.0% | 7.0% | 9.0% | |
Reported (GAAP) diluted EPS growth YoY (%)(%) | 17.0% | 137.0% | 27.0% | 68.0% | -11.0% | -59.0% | -10.0% | 17.0% | -5.0% | 13.0% | 6.0% | 152.0% | |
Full-year guidance: Total cash returns to shareholders ($B)($M)3 | 8.90 | 8.90 | 8.90 | 8.90 | 8.60 | 8.60 | 8.60 | 8.60 | 8.20 | 8.20 | 8.20 | 8.20 | |
Full-year guidance: Annualized dividend payments ($B)($M) | 7.90 | 7.90 | 7.90 | 7.90 | 7.60 | 7.60 | 7.60 | 7.60 | 7.20 | 7.20 | 7.20 | 7.20 | |
Full-year guidance: Share repurchases ($B)($M) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
Full-year guidance: Core effective tax rate (%)(%) | 21.0% | 22.0% | 22.0% | 22.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | |
Inventory breakdown by stage of production ($M)3 | |||||||||||||
Finished goods inventory ($M)($M) | 3,467 | 3,623 | 3,364 | 3,121 | 3,134 | 3,412 | 2,869 | 2,762 | 2,954 | 3,131 | 3,007 | 2,842 | |
Raw materials and packaging inventory ($M)($M) | 2,792 | 2,948 | 2,714 | 2,581 | 2,805 | 2,940 | 2,673 | 2,440 | 2,559 | 2,635 | 2,465 | 2,388 | |
Work-in-process inventory ($M)($M) | 175 | 163 | 133 | 143 | 154 | 135 | 118 | 104 | 131 | 121 | 97 | 104 | |
Supplier finance program (SCF) obligations outstanding ($B / $M)($M) | 1.80 | 1.80 | 1.60 | 1.70 | 1.50 | 1.50 | 1.40 | 1.50 | 1.60 | 1.60 | 1.60 | 1.70 | |
Varun Beverages (VBL — largest international franchise bottler): Total sales volume (million 8-oz unit cases)(M)11 | 467 | 363 | 237 | 274 | 390 | 312 | 215 | 268 | 402 | 240 | 156 | ||
Carbonated soft drinks (CSD) volume (million unit cases)(M) | 351 | 268 | 170 | 202 | 291 | 234 | 158 | 200 | 307 | 169 | 106 | ||
Packaged drinking water volume (million unit cases)(M) | 85 | 68 | 57 | 60 | 71 | 56 | 49 | 56 | 63 | 53 | 42 | ||
Non-carbonated beverages (NCB — juice, energy, dairy) volume (million unit cases)(M) | 30 | 27 | 10 | 12 | 28 | 22 | 8 | 11 | 32 | 18 | 8 | ||
CSD share of VBL volume (%)(%) | 75.0% | 74.0% | 72.0% | 74.0% | 75.0% | 75.0% | 73.0% | 75.0% | 76.0% | 71.0% | 68.0% | ||
Packaged drinking water share of VBL volume (%)(%) | 18.0% | 19.0% | 24.0% | 22.0% | 18.0% | 18.0% | 23.0% | 21.0% | 16.0% | 22.0% | 27.0% | ||
NCB share of VBL volume (%)(%) | 7.0% | 7.0% | 4.0% | 4.0% | 7.0% | 7.0% | 4.0% | 4.0% | 8.0% | 7.0% | 5.0% | ||
Net realization per case (INR / case)($) | 175 | 174 | 177 | 179 | 173 | 171 | 180 | 180 | |||||
VBL net revenue from operations (INR millions)(M) | 84,512 | 65,742 | 42,044 | 48,967 | 70,174 | 55,669 | 36,888 | 48,047 | 71,969 | 43,173 | 26,677 | ||
VBL gross margin (%)(%) | 55.0% | 55.2% | 56.7% | 54.5% | 54.6% | 55.5% | 54.7% | 56.3% | 53.8% | ||||
VBL EBITDA (INR millions)(M)1 | 23,430 | 15,289 | 6,393 | 19,988 | 12,640 | 5,800 | 11,511 | 19,912 | 9,888 | ||||
VBL EBITDA margin (%)(%) | 27.7% | 23.3% | 15.2% | 23.4% | 28.5% | 15.7% | 24.0% | 27.7% | 22.9% | ||||
VBL profit after tax — PAT (INR millions)(M) | 15,254 | 8,787 | 2,600 | 7,452 | 13,255 | 7,314 | 1,956 | 6,288 | 12,618 | 5,480 | |||
Celsius Holdings (CELH — North America energy drink partner): Revenue sold through PepsiCo distribution ($M)($M)3 | 492 | 462 | 395 | 257 | 246 | 190 | 194 | 125 | 211 | 211 | |||
PepsiCo share of Celsius Holdings total consolidated revenue (%)(%) | 60.2% | 59.0% | 35.4% | 33.3% | 57.6% | 47.0% | 52.9% | 59.2% | |||||
Accounts receivable due from PepsiCo to Celsius Holdings ($M)($M)1 | 387 | 378 | 349 | 192 | 205 | 137 | 168 | 118 | 130 | ||||
PepsiCo share of Celsius Holdings total accounts receivable (%)(%) | 52.7% | 45.5% | 46.2% | 37.4% | 41.7% | 53.5% | 62.2% | 55.3% | 69.0% | ||||
Promotional allowances & distribution payables owed to PepsiCo ($M)($M) | 248 | 197 | 129 | 95.3 | 94.8 | 88.7 | 75.1 | 101 | 98.5 | 75.8 | 51.8 | ||
Net revenue by segment ($M, GAAP)($M)12 | 25,274 | 24,181 | 19,443 | 29,343 | 23,937 | 22,726 | 17,919 | 27,784 | 23,319 | 22,501 | 18,250 | 27,850 | |
PepsiCo Foods North America (PFNA)($M) | 6,504 | 6,368 | 6,332 | 8,313 | 6,526 | 6,476 | 6,213 | 8,191 | 6,536 | 6,435 | 6,269 | 8,366 | |
PepsiCo Beverages North America (PBNA)($M) | 7,706 | 7,243 | 6,391 | 8,198 | 7,327 | 6,796 | 5,876 | 7,909 | 7,175 | 6,811 | 5,874 | 7,912 | |
International Beverage Franchise (IB Franchise)($M) | 1,401 | 1,523 | 824 | 1,579 | 1,291 | 1,368 | 759 | 1,524 | 1,290 | 1,326 | 739 | 1,393 | |
Europe, Middle East and Africa (EMEA)($M) | 5,413 | 4,983 | 2,823 | 6,079 | 5,022 | 4,536 | 2,388 | 5,430 | 4,612 | 4,183 | 2,433 | 5,194 | |
Latin America Foods (LatAm Foods)($M) | 3,021 | 2,940 | 1,934 | 3,684 | 2,656 | 2,548 | 1,661 | 3,314 | 2,615 | 2,749 | 1,890 | 3,603 | |
Asia Pacific Foods (APAC Foods)($M) | 1,229 | 1,124 | 1,139 | 1,490 | 1,115 | 1,002 | 1,022 | 1,416 | 1,091 | 997 | 1,045 | 1,382 | |
Legacy: Frito-Lay North America (FLNA, through FY2024)($M) | 7,317 | 5,888 | 5,874 | 5,676 | 7,473 | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)($M) | 874 | 648 | 561 | 593 | 893 | ||||||||
Legacy: Latin America (through FY2024)($M) | 3,691 | 2,915 | 3,045 | 2,067 | 3,966 | ||||||||
Legacy: Europe (through FY2024)($M) | 4,477 | 3,946 | 3,515 | 1,936 | 4,216 | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)($M) | 2,033 | 1,552 | 1,592 | 1,040 | 1,937 | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)($M) | 1,483 | 1,195 | 1,103 | 1,064 | 1,453 | ||||||||
Operating profit by segment ($M, GAAP)($M)13 | 4,260 | 4,023 | 3,213 | 3,557 | 3,569 | 1,789 | 2,583 | 2,250 | 3,872 | 4,048 | 2,717 | 1,683 | |
PepsiCo Foods North America (PFNA)($M) | 1,333 | 1,342 | 1,429 | 1,710 | 1,536 | 1,391 | 1,536 | 1,817 | 1,620 | 1,677 | 1,505 | ||
PepsiCo Beverages North America (PBNA)($M) | 1,056 | 1,053 | 736 | 539 | 729 | -639 | 460 | -109 | 914 | 987 | 510 | 408 | |
International Beverage Franchise (IB Franchise)($M) | 562 | 637 | 321 | 521 | 436 | 535 | 277 | 241 | 458 | 502 | 261 | ||
Europe, Middle East and Africa (EMEA)($M) | 897 | 751 | 278 | 796 | 720 | 370 | 220 | 462 | 713 | 582 | 214 | ||
Latin America Foods (LatAm Foods)($M) | 624 | 616 | 428 | 709 | 424 | 533 | 344 | 616 | 480 | 534 | 422 | ||
Asia Pacific Foods (APAC Foods)($M) | 174 | 127 | 217 | 48 | 151 | 10 | 160 | -30 | 129 | 103 | 175 | ||
Corporate unallocated($M) | -386 | -503 | -196 | -766 | -427 | -411 | -414 | -747 | -442 | -337 | -370 | -1,044 | |
Legacy: Frito-Lay North America (FLNA, through FY2024)($M) | 1,647 | 1,523 | 1,592 | 1,554 | 1,840 | ||||||||
Legacy: Quaker Foods North America (QFNA, through FY2024)($M) | 170 | 97 | 85 | -49 | 40 | ||||||||
Legacy: Latin America (through FY2024)($M) | 528 | 595 | 637 | 485 | 703 | ||||||||
Legacy: Europe (through FY2024)($M) | 469 | 728 | 620 | 202 | -439 | ||||||||
Legacy: Africa, Middle East and South Asia (AMESA, through FY2024)($M) | 208 | 197 | 241 | 152 | 151 | ||||||||
Legacy: Asia Pacific, Australia and New Zealand and China Region (through FY2024)($M) | 93 | 262 | 223 | 233 | 24 | ||||||||
Capital expenditures by segment ($M)($M)7 | 916 | 819 | 447 | 1,916 | 992 | 904 | 603 | 2,468 | 1,149 | 1,087 | 614 | 2,981 | |
PepsiCo Foods North America (PFNA)($M) | 214 | 211 | 110 | 406 | 220 | 230 | 195 | -518 | -253 | -298 | -237 | ||
PepsiCo Beverages North America (PBNA)($M) | 321 | 261 | 183 | 535 | 278 | 283 | 248 | -750 | -313 | -298 | -180 | ||
International Beverage Franchise (IB Franchise)($M) | 22 | 20 | 9 | 47 | 31 | 30 | 16 | -71 | -33 | -33 | -11 | ||
Europe, Middle East and Africa (EMEA)($M) | 159 | 151 | 66 | 390 | 167 | 137 | 50 | -444 | -189 | -177 | -70 | ||
Latin America Foods (LatAm Foods)($M) | 110 | 107 | 41 | 333 | 178 | 115 | 46 | -396 | -207 | -145 | -61 | ||
Asia Pacific Foods (APAC Foods)($M) | 43 | 35 | 16 | 105 | 60 | 68 | 24 | -145 | -96 | -52 | -19 | ||
Corporate unallocated($M) | 47 | 34 | 22 | 100 | 58 | 41 | 24 | ||||||
Depreciation and amortization by segment ($M)($M)7 | 892 | 897 | 742 | 1,136 | 824 | 807 | 684 | 1,042 | 722 | 719 | 641 | 975 | |
PepsiCo Foods North America (PFNA)($M) | 224 | 229 | 227 | 292 | 237 | 230 | 210 | 298 | 190 | 185 | 189 | ||
PepsiCo Beverages North America (PBNA)($M) | 277 | 275 | 252 | 363 | 236 | 241 | 253 | 356 | 234 | 243 | 236 | ||
International Beverage Franchise (IB Franchise)($M) | 25 | 28 | 18 | 34 | 29 | 27 | 19 | 48 | 24 | 22 | 15 | ||
Europe, Middle East and Africa (EMEA)($M) | 151 | 160 | 101 | 191 | 142 | 135 | 81 | 174 | 117 | 110 | 76 | ||
Latin America Foods (LatAm Foods)($M) | 127 | 123 | 80 | 150 | 105 | 100 | 62 | 120 | 96 | 102 | 64 | ||
Asia Pacific Foods (APAC Foods)($M) | 44 | 42 | 28 | 54 | 38 | 38 | 23 | 52 | 32 | 29 | 20 | ||
Corporate unallocated($M) | 44 | 40 | 36 | 52 | 37 | 36 | 36 | ||||||
Net revenue by country ($M, Note 1 Geographic Disaggregation)($M) | 25,274 | 24,181 | 19,443 | 29,343 | 23,937 | 22,726 | 17,919 | 27,784 | 23,319 | 22,501 | 18,250 | 27,850 | |
Long-lived assets by country ($M, Note 1 Geographic Disaggregation)($M) | 29,731 | 29,771 | 29,807 | 29,905 | 29,053 | 28,797 | 28,213 | 28,008 | 27,188 | 27,042 | 26,792 | 27,039 | |
Consolidated financial context (DB)6 | |||||||||||||
Gross profit ($M, GAAP)($M) | 13,754 | 13,111 | 10,731 | 15,620 | 12,824 | 12,422 | 9,993 | 14,603 | 12,923 | 12,582 | 10,002 | 14,753 | |
Selling, general and administrative expenses ($M, GAAP)($M) | 9,494 | 9,088 | 7,518 | 12,063 | 9,122 | 8,773 | 7,410 | 12,344 | 9,027 | 8,534 | 7,285 | 12,143 | |
Net income attributable to PepsiCo ($M, GAAP)($M) | 3,048 | 2,981 | 2,327 | 2,540 | 2,603 | 1,263 | 1,834 | 1,523 | 2,930 | 3,083 | 2,042 | 1,302 | |
Diluted EPS ($/share, GAAP)($) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Cash dividends declared per common share ($/share)($) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Operating cash flow ($M)($M) | 5,585 | 2,324 | 41 | 6,619 | 4,472 | 1,969 | -973 | 6,287 | 4,905 | 2,356 | -1,041 | 5,812 | |
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- Primary operational KPIs: (1) Convenient Foods & Beverages physical volume growth YoY (%) and Organic Volume growth YoY (%), (2) Effective Net Pricing YoY (%), (3) Organic Revenue & Core Constant Currency Operating Profit growth bridge across 6 current segments (PFNA, PBNA, IB Franchise, EMEA, LatAm Foods, APAC Foods) and 7 legacy divisions (FLNA, QFNA, PBNA, LatAm, Europe, AMESA, APAC), and (4) Disaggregated revenue share between Beverages and Convenient Foods.
- Segment realignment (FY2025): Beginning Q1 2025, PepsiCo realigned its 7 legacy divisions into 6 reportable segments (combining FLNA + QFNA into PFNA; separating International Beverage Franchise; combining Europe + AMESA into EMEA; and focusing LatAm Foods and APAC Foods on convenient foods). Recast historical series for FY2023–FY2024 from Form 8-K (fy2023recast.htm) are unified with 2025–2026 filings, while legacy 7-division series are preserved through FY2024Q4.
- Partner & Subsidiary Self-Reported Data: Varun Beverages Limited (NSE: VBL — PepsiCo's largest international franchise bottler outside the U.S.) provides physical unit case volumes (Total, India, International, CSD, NCB, Water) and realization per case; Celsius Holdings, Inc. (NASDAQ: CELH) provides North American energy drink distribution revenue and receivables through PepsiCo's DSD network; UK Companies House filings provide statutory financial, headcount, and energy data for Walkers Snack Foods Limited and PepsiCo International Limited.
- Step 4 calculation rule: Only two derivations are used anywhere in the table — Q4 = Full Year (10-K) minus 9M YTD (10-Q Q3) (for segment CapEx, segment D&A, and Celsius revenue from PepsiCo) and quarterly cash-flow splits from YTD in the DB.
Not shown because recent periods are missing (12)
- Regenerative agriculture adoption (acres) — 2024 figure is reported as a lower bound ('>3.5 million acres') after goal refinement in 2025; only 2025 ('4.7 million acres') is an exact point on the refined methodology
- Agricultural supply chain livelihoods reached (people) — 2023 ('>57,000 people') and 2024 ('>185,000 people') are reported only as lower bounds ('>')
- Cumulative safe water access (million people) — 2022 ('>80 million'), 2023 ('>91 million'), and 2024 ('>96 million') are reported as lower bounds ('>')
- Nutritious food accessibility (million people) — All years are reported as lower bounds ('>61 million' in 2023, '>62 million' in 2024, '>65 million' in 2025)
- Sustainably sourced key ingredients (%) & Virgin plastic / rPET / RRC packaging (2025 refined goal) — Goal refined in May 2025; only 2 consecutive years (2024 and 2025) are reported on the refined methodology (< 3 consecutive periods required by Step 5)
- Operational electricity consumption - renewable (GWh) — 2023 figure is reported as an upper bound ('nearly 3,500'), leaving only 2 point years (2024: ~3,900 GWh, 2025: ~4,300 GWh)
- Global Fleet Total Fuel Used (GJ) — 2023 figure is reported as an upper bound ('nearly 19 million'), leaving only 2 point years (2024: ~19 million GJ, 2025: ~19 million GJ)
- Speak Up Ethics Hotline contacts — 2025 Speak Up Report states 'over 13,000 Speak Up reports' (bound expression 'over')
- Consolidated & Segment Physical Volume in Absolute Tonnes / Unit Cases — PepsiCo only discloses physical volume as YoY percentage growth (Volume % YoY for Convenient Foods and Beverages) and never reports absolute consolidated unit cases or metric tons; absolute unit cases are captured via franchise bottler Varun Beverages (VBL).
- North America Top 5 Customers Share (%) & Walmart Share of North America Net Revenue (%) — Discontinued disclosure after FY2019 (retained in tree with cadence='legacy' for FY2016–FY2019; from FY2020 onward PepsiCo only discloses Walmart's share of consolidated net revenue).
- Supplier Finance Program Rollforward: Invoices Confirmed & Paid During the Year ($M) — Only 2 annual periods disclosed (FY2024: $4,705M confirmed / $4,619M paid; FY2025: $5,431M confirmed / $5,263M paid), fewer than 3 periods for standalone annual series without quarterly data.
- Approximate / Bounded Operational Mentions ('more than $1 billion retail sales per brand', 'over 200 countries and territories', 'nearly 1 million retail outlets') — Rejected per Step 5 (No approximate/bounded inequalities 'more than', 'over', 'nearly', '>').
Data updated 2026-10-28.
Every KPI on its own page
Full history, chart, sources and a citation for each metric
1. Volume & Effective Net Pricing by Category & Segment (Key)
- Convenient foods volume growth YoY, consolidated (%) (%)41 periods
- Beverages volume growth YoY, consolidated (%) (%)41 periods
- Organic volume growth YoY, consolidated (%) (%)27 periods
- Effective net pricing YoY, consolidated (%) (%)27 periods
- Product category mix of net revenue: Beverages vs. Convenient Foods (%) (%)0 periods
2. Organic Revenue Growth Bridge & Non-GAAP Revenue Adjustments
- Organic revenue growth YoY (%) (%)41 periods
- Reported (GAAP) net revenue growth YoY (%) (%)41 periods
- Foreign exchange translation impact on net revenue growth (percentage points) (%)41 periods
- Acquisitions, divestitures and structural changes impact on net revenue growth (percentage points) (%)41 periods
- Organic net revenue ($M, recast Schedule A-6) ($M)12 periods
- Foreign exchange translation adjustment to net revenue ($M) ($M)11 periods
- Acquisitions and divestitures adjustment to net revenue ($M) ($M)11 periods
3. Core Operating Profit, Segment Cost Structure & Core EPS (Non-GAAP)
- Core operating profit ($M, Non-GAAP) ($M)34 periods
- Core constant currency operating profit ($M, Non-GAAP) ($M)10 periods
- Core constant currency operating profit growth YoY (%) (%)36 periods
- Foreign exchange translation impact on core operating profit growth (percentage points) (%)36 periods
- Core gross profit ($M, Non-GAAP) ($M)11 periods
- Core cost of sales by segment ($M) ($M)11 periods
- Core selling, general and administrative expenses by segment ($M) ($M)11 periods
- Consolidated Core vs. Reported Margins (%) (%)11 periods
- Core diluted EPS ($/share, Non-GAAP) ($)42 periods
4. Full-Year Financial Guidance, Supply Chain Finance, Customer Concentration & Inventory
5. Strategic Bottler & Distribution Partner Self-Reported KPIs (Varun Beverages & Celsius Holdings)
6. UK Operating Subsidiaries Statutory Disclosures (Walkers Snack Foods & PepsiCo International)
7. Human Capital & PepsiCo Positive (pep+) Sustainability Metrics (ESG Data Hub & Green Bond)
8. U.S. Beverage & Snack Industry Monthly Retail CPI & Input PPI Benchmarks (BLS)
9. Financial, Segment & Geographic Context (DB + 10-Q/10-K Note 1)
- Net revenue by segment ($M, GAAP) ($M)73 periods
- Operating profit by segment ($M, GAAP) ($M)73 periods
- Capital expenditures by segment ($M) ($M)72 periods
- Depreciation and amortization by segment ($M) ($M)72 periods
- Net revenue by country ($M, Note 1 Geographic Disaggregation) ($M)73 periods
- Long-lived assets by country ($M, Note 1 Geographic Disaggregation) ($M)70 periods
- Consolidated financial context (DB) ($M)0 periods