NASDAQ · Beverages · Fiscal year endsFY ends December

PepsiCo, Inc.

PEP

$138.13-2.29 (-1.63%)Today

52-week low $123.47high $171.48

19.4% below its 52-week high

Next earningsFeb 1, 2027 · after the close

Revenue by fiscal year, $ billions

+50% over the years shown (2016–2025)

Fiscal years · gold is the latest

62.8

2016

63.5

2017+1%

64.7

2018+2%

67.2

2019+4%

70.4

2020+5%

79.5

2021+13%

86.4

2022+9%

91.5

2023+6%

91.9

20240%

93.9

2025+2%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income
Revenue	62.80	63.53	64.66	67.16	70.37	79.47	86.39	91.47	91.85	93.93
Revenue growth	0%	+1%	+2%	+4%	+5%	+13%	+9%	+6%	0%	+2%
Gross margin	55.1%	54.7%	54.6%	55.1%	54.8%	53.3%	53.0%	54.2%	54.6%	54.1%
Operating income	9.80^†	10.28^†	10.11	10.29	10.08	11.16	11.51	11.99	12.89	11.50
Operating margin	15.6%	16.2%	15.6%	15.3%	14.3%	14.0%	13.3%	13.1%	14.0%	12.2%
Net income	6.33	4.86	12.52	7.31	7.12	7.62	8.91	9.07	9.58	8.24
Net margin	10.1%	7.6%	19.4%	10.9%	10.1%	9.6%	10.3%	9.9%	10.4%	8.8%
Cash flow
Operating cash flow	10.66^†	10.03^†	9.42	9.65	10.61	11.62	10.81	13.44	12.51	12.09
Capital expenditure	3.04	2.97	3.28	4.23	4.24	4.63	5.21	5.52	5.32	4.42
Free cash flow (calculated)	7.62^†	7.06^†	6.13	5.42	6.37	6.99	5.60	7.92	7.19	7.67
Share repurchases	3.00	2.00	2.00	3.00	2.00	0.11	1.50	1.00	1.00	1.00
Balance sheet
Cash and equivalents	9.16	10.61	8.72	5.51	8.19	5.60	4.95	9.71	8.51	9.16
Total assets	73.5^†	79.8	77.6	78.5	92.9	92.4	92.2	100.5	99.5	107.4
Total equity	11.25	11.05	14.52	14.79	13.45	16.04	17.15	18.50	18.04	20.41

Source: PepsiCo, Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in December.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.