PepsiCo (PEP): financials, SEC filings and peers
PepsiCo (PEP) is a soft drinks & non-alcoholic beverages company in the Consumer Staples sector of the S&P 500, headquartered in Purchase, New York.
It was founded in 1898 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Beverages”.
PepsiCo at a glance
- Revenue (12 months)
- $92.4B
- Revenue growth
- +0.5%
- Operating margin
- 11.0%
- Net income (12 months)
- $7.2B
- Free cash flow (12 months)
- $6.8B
- Cash
- $8.1B
- Debt
- $54.0B
- Diluted EPS (12 months)
- $5.26
Twelve months to September 6, 2025, from the 10-Q filed October 9, 2025.
Latest twelve months
Over the twelve months to September 6, 2025, PepsiCo reported revenue of $92.4 billion, about the same as a year earlier (+0.5%).
Its operating margin was 11.0%, down 2.4 percentage points from a year earlier: for every $100 of sales, about $11 was left as operating profit.
Net income was $7.2 billion (7.8% of revenue), 22.8% lower than a year earlier.
Operating cash flow was $11.8 billion and capital spending $5.0 billion, leaving free cash flow of $6.8 billion (7.3% of revenue).
At the end of the period it held $8.1 billion in cash and $54.0 billion in debt, a net debt position of $45.9 billion.
Five-year trend
- Revenue went from $70.4 billion in fiscal 2020 to $93.9 billion in fiscal 2025, about 5.9% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin narrowed from 14.3% to 12.2% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B |
| Revenue growth | 12.9% | 8.7% | 5.9% | 0.4% | 2.3% |
| Operating margin | 14.0% | 13.3% | 13.1% | 14.0% | 12.2% |
| Net income | $7.6B | $8.9B | $9.1B | $9.6B | $8.2B |
| Free cash flow | $7.0B | $5.6B | $7.9B | $7.2B | $7.7B |
| Diluted EPS | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
Fiscal years as reported in PepsiCo’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 17, 2026 — Executive or director change
- 8-K filed July 9, 2026 — Earnings results
- 10-Q filed July 9, 2026 — quarterly report
- 8-K filed May 22, 2026 — Other event
- 8-K filed May 8, 2026 — Shareholder vote results
- 8-K filed April 16, 2026 — Earnings results
- 10-Q filed April 16, 2026 — quarterly report
- 8-K filed February 11, 2026 — Other event
Companies like PepsiCo
Other S&P 500 companies in Soft Drinks & Non-alcoholic Beverages:
- KDPKeurig Dr PepperBurlington, Massachusetts
- KOCoca-Cola Company (The)Atlanta, Georgia
- MNSTMonster BeverageCorona, California
More from Consumer Staples
Questions about PepsiCo
Is PepsiCo's revenue growing?
Yes. Revenue for the twelve months to September 6, 2025 was $92.4 billion, up 0.5% from a year earlier, according to its SEC filings.
Is PepsiCo profitable?
Yes. It earned $7.2 billion in net income over the twelve months to September 6, 2025, a net margin of 7.8%.
Does PepsiCo have more cash or more debt?
At September 6, 2025 it had $8.1 billion in cash and $54.0 billion in debt, so more debt than cash.
When did PepsiCo last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 9, 2026.
Which companies are similar to PepsiCo?
In the S&P 500, PepsiCo is grouped in Soft Drinks & Non-alcoholic Beverages within the Consumer Staples sector. Keurig Dr Pepper (KDP), Coca-Cola Company (The) (KO), Monster Beverage (MNST) are in the same group.
Understand the numbers
Source: PepsiCo’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.