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 operating margin
Operating margin is operating income as a percentage of revenue.
PepsiCo's operating margin for the twelve months ending Sep 5, 2026 was 15.3%. For fiscal 2025 it was 12.2%, against 14.0% the year before. The highest annual figure on record is 18.6% in fiscal 2009.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 27, 2025 | 12.2% | −1.8 |
| FY2024 | Dec 28, 2024 | 14.0% | +0.9 |
| FY2023 | Dec 30, 2023 | 13.1% | −0.2 |
| FY2022 | Dec 31, 2022 | 13.3% | −0.7 |
| FY2021 | Dec 25, 2021 | 14.0% | −0.3 |
| FY2020 | Dec 26, 2020 | 14.3% | −1.0 |
| FY2019 | Dec 28, 2019 | 15.3% | −0.3 |
| FY2018 | Dec 29, 2018 | 15.6% | −0.5 |
| FY2017 | Dec 30, 2017 | 16.2% | +0.6 |
| FY2016 | Dec 31, 2016 | 15.6% | +2.4 |
| FY2015 | Dec 26, 2015 | 13.2% | −1.1 |
| FY2014 | Dec 27, 2014 | 14.4% | −0.2 |
| FY2013 | Dec 28, 2013 | 14.6% | +0.7 |
| FY2012 | Dec 29, 2012 | 13.9% | −0.6 |
| FY2011 | Dec 31, 2011 | 14.5% | +0.1 |
| FY2010 | Dec 25, 2010 | 14.4% | −4.2 |
| FY2009 | Dec 26, 2009 | 18.6% | +2.5 |
| FY2008 | Dec 27, 2008 | 16.1% | −2.1 |
| FY2007 | Dec 29, 2007 | 18.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 5, 2026 | 16.9% | +1.9 |
| Q2 FY2026 | Jun 13, 2026 | 16.6% | +8.8 |
| Q1 FY2026 | Mar 21, 2026 | 16.5% | +2.1 |
| Q4 FY2025 | Dec 27, 2025 | 12.1% | +4.0 |
| Q3 FY2025 | Sep 6, 2025 | 14.9% | −1.7 |
| Q2 FY2025 | Jun 14, 2025 | 7.9% | −10.1 |
| Q1 FY2025 | Mar 22, 2025 | 14.4% | −0.5 |
| Q4 FY2024 | Dec 28, 2024 | 8.1% | +2.1 |
| Q3 FY2024 | Sep 7, 2024 | 16.6% | −0.5 |
| Q2 FY2024 | Jun 15, 2024 | 18.0% | +1.6 |
| Q1 FY2024 | Mar 23, 2024 | 14.9% | +0.2 |
| Q4 FY2023 | Dec 30, 2023 | 6.0% | +3.1 |
| Q3 FY2023 | Sep 9, 2023 | 17.1% | +1.9 |
| Q2 FY2023 | Jun 17, 2023 | 16.4% | +6.1 |
| Q1 FY2023 | Mar 25, 2023 | 14.7% | −17.8 |
| Q4 FY2022 | Dec 31, 2022 | 2.9% | −7.2 |
| Q3 FY2022 | Sep 3, 2022 | 15.3% | −0.4 |
| Q2 FY2022 | Jun 11, 2022 | 10.3% | −6.0 |
| Q1 FY2022 | Mar 19, 2022 | 32.5% | +16.9 |
| Q4 FY2021 | Dec 25, 2021 | 10.1% | −2.4 |
| Q3 FY2021 | Sep 4, 2021 | 15.6% | −1.0 |
| Q2 FY2021 | Jun 12, 2021 | 16.3% | +1.7 |
| Q1 FY2021 | Mar 20, 2021 | 15.6% | +1.7 |
| Q4 FY2020 | Dec 26, 2020 | 12.6% | −0.5 |
| Q3 FY2020 | Sep 5, 2020 | 16.6% | +0.0 |
| Q2 FY2020 | Jun 13, 2020 | 14.5% | −2.0 |
| Q1 FY2020 | Mar 21, 2020 | 13.9% | −1.7 |
| Q4 FY2019 | Dec 28, 2019 | 13.1% | +0.6 |
| Q3 FY2019 | Sep 7, 2019 | 16.6% | −0.6 |
| Q2 FY2019 | Jun 15, 2019 | 16.6% | −2.2 |
| Q1 FY2019 | Mar 23, 2019 | 15.6% | +1.2 |
| Q4 FY2018 | Dec 29, 2018 | 12.5% | −0.7 |
| Q3 FY2018 | Sep 8, 2018 | 17.3% | −0.8 |
| Q2 FY2018 | Jun 16, 2018 | 18.8% | +0.2 |
| Q1 FY2018 | Mar 24, 2018 | 14.4% | −1.1 |
| Q4 FY2017 | Dec 30, 2017 | 13.2% | +0.9 |
| Q3 FY2017 | Sep 9, 2017 | 18.0% | – |
| Q2 FY2017 | Jun 17, 2017 | 18.6% | – |
| Q1 FY2017 | Mar 25, 2017 | 15.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 12.3% | – |
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