PEP
$125.89+0.23%
as of close, Oct 2, 2026
☾ AH $125.89 +0.23%
PEP financial statements
The full income statement, balance sheet, and cash-flow statement for PepsiCo Inc. (PEP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.37B2024-09 1.37B2024-12 1.37B2025-03 1.37B2025-06 1.37B2025-09 1.37B2025-12 1.37B2026-03 1.37B2026-06 1.36B-0.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| Revenue | 93.9B+2.3% | 91.9B+0.4% | 91.5B+5.9% | 86.4B+8.7% | 79.5B+12.9% | |
| 50.9B+1.5% | 50.1B+1.0% | 49.6B+8.2% | 45.8B+8.1% | 42.4B+9.9% | ||
| Cost of revenue | 43.1B+3.2% | 41.7B-0.3% | 41.9B+3.2% | 40.6B+9.4% | 37.1B+16.6% | |
| Research & development | 839M+3.2% | 813M+1.1% | 804M+4.3% | 771M+2.5% | 752M+4.6% | |
| Selling, general & administrative | 37.4B+0.5% | 37.2B+1.4% | 36.7B+6.4% | 34.5B+10.3% | 31.2B+9.8% | |
| Restructuring | — | -5.00M-400.0% | -1.00M | 0.00-100.0% | 1.00M+200.0% | |
| Amortization of intangibles | 83.0M+12.2% | 74.0M-1.3% | 75.0M-3.8% | 78.0M-14.3% | 91.0M+1.1% | |
| Operating income | 11.5B-10.8% | 12.9B+7.5% | 12.0B+4.1% | 11.5B+3.1% | 11.2B+10.7% | |
| Interest expense | 1.12B+22.0% | 919M+12.2% | 819M-12.8% | 939M-49.6% | 1.86B+65.2% | |
| Pre-tax income | 10.2B-14.2% | 11.9B+4.6% | 11.4B+6.7% | 10.7B+9.0% | 9.82B+8.3% | |
| Income tax | 1.95B-16.0% | 2.32B+2.6% | 2.26B+31.0% | 1.73B-19.4% | 2.14B+13.1% | |
| 8.24B-14.0% | 9.58B+5.6% | 9.07B+1.8% | 8.91B+17.0% | 7.62B+7.0% | ||
| Net income to non-controlling interest | 55.0M+14.6% | 48.0M-40.7% | 81.0M+19.1% | 68.0M+11.5% | 61.0M+10.9% | |
| Net income to common | 8.24B-14.0% | 9.58B+5.6% | 9.07B+1.8% | 8.91B+17.0% | 7.62B+7.0% | |
| $6.00-13.7% | $6.95+5.9% | $6.56+2.2% | $6.42+16.9% | $5.49+7.2% | ||
| EPS (basic) | $6.02-13.6% | $6.97+5.8% | $6.59+2.2% | $6.45+17.1% | $5.51+7.2% | |
| Weighted-avg shares (basic) | 1.37B-0.3% | 1.37B-0.2% | 1.38B-0.3% | 1.38B-0.1% | 1.38B-0.2% | |
| Weighted-avg shares (diluted) | 1.37B-0.4% | 1.38B-0.4% | 1.38B-0.3% | 1.39B-0.1% | 1.39B-0.2% | |
| Dividends per share | $5.62+5.5% | $5.33+7.8% | $4.95+9.3% | $4.53+6.5% | $4.25+5.6% | |
| Balance Sheet | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| 27.9B+8.2% | 25.8B-4.2% | 26.9B+25.1% | 21.5B-1.1% | 21.8B-5.3% | ||
| Cash & equivalents | 9.16B+7.7% | 8.51B-12.4% | 9.71B+96.0% | 4.95B-11.5% | 5.60B-31.6% | |
| Short-term investments | 371M-51.2% | 761M+160.6% | 292M-25.9% | 394M+0.5% | 392M-71.3% | |
| Inventory | 5.84B+10.2% | 5.31B-0.5% | 5.33B+2.1% | 5.22B+20.1% | 4.35B+4.2% | |
| Prepaid expenses | 1.07B+16.0% | 921M+15.4% | 798M-1.0% | 806M-17.8% | 980M+12.1% | |
| 107B+8.0% | 99.5B-1.0% | 100B+9.0% | 92.2B-0.2% | 92.4B-0.6% | ||
| Property, plant & equipment | 29.9B+6.8% | 28.0B+3.6% | 27.0B+11.3% | 24.3B+8.4% | 22.4B+4.9% | |
| Operating lease right-of-use | 3.75B+10.7% | 3.38B+16.5% | 2.90B+22.4% | 2.37B+17.5% | 2.02B+21.0% | |
| Goodwill | 18.9B+7.9% | 17.5B-1.1% | 17.7B-2.6% | 18.2B-1.0% | 18.4B-2.0% | |
| Intangible assets | 500M-54.6% | 1.10B-8.1% | 1.20B-6.1% | 1.28B-17.0% | 1.54B-9.7% | |
| Deferred tax assets | 4.54B+4.1% | 4.36B-2.5% | 4.47B+6.4% | 4.20B-2.5% | 4.31B-1.4% | |
| Other non-current assets | 8.98B+29.2% | 6.95B+4.4% | 6.66B+25.9% | 5.29B+18.1% | 4.48B+35.3% | |
| 32.8B+3.9% | 31.5B-0.4% | 31.6B+18.2% | 26.8B+2.2% | 26.2B+12.2% | ||
| Accounts payable | 11.7B+6.4% | 11.0B-5.5% | 11.6B+8.4% | 10.7B+9.1% | 9.83B+11.1% | |
| Accrued liabilities | 25.9B+5.9% | 24.5B-2.7% | 25.1B+7.6% | 23.4B+10.5% | 21.2B+8.0% | |
| Short-term & current debt | 6.86B-3.1% | 7.08B+8.8% | 6.51B+90.7% | 3.41B-20.8% | 4.31B+14.0% | |
| Current lease liability | 719M+12.0% | 642M+15.5% | 556M+15.1% | 483M+8.3% | 446M-3.0% | |
| Other current liabilities | 5.77B+10.6% | 5.22B+5.0% | 4.97B+13.2% | 4.39B+10.9% | 3.96B+2.7% | |
| 86.9B+6.8% | 81.3B-0.7% | 81.9B+9.3% | 74.9B-1.7% | 76.2B-4.0% | ||
| Long-term debt | 42.3B+13.7% | 37.2B-1.0% | 37.6B+5.4% | 35.7B-1.0% | 36.0B-10.8% | |
| Non-current lease liability | 3.13B+11.6% | 2.80B+16.8% | 2.40B+24.2% | 1.93B+21.0% | 1.60B+29.6% | |
| Operating lease liability (total) | 3.85B+11.6% | 3.44B+16.5% | 2.96B+22.4% | 2.42B+18.2% | 2.04B+20.7% | |
| Deferred tax liabilities | 3.80B+9.1% | 3.48B-10.6% | 3.90B-5.8% | 4.13B-14.4% | 4.83B+12.7% | |
| Other non-current liabilities | 7.96B-12.0% | 9.05B+3.8% | 8.72B+4.6% | 8.34B-8.9% | 9.15B-19.3% | |
| 20.4B+13.1% | 18.0B-2.5% | 18.5B+7.9% | 17.1B+6.9% | 16.0B+19.2% | ||
| Common stock | 23.0M+0.0% | 23.0M+0.0% | 23.0M+0.0% | 23.0M+0.0% | 23.0M+0.0% | |
| Additional paid-in capital | 4.45B+1.5% | 4.38B+2.9% | 4.26B+3.1% | 4.13B+3.3% | 4.00B+2.3% | |
| Retained earnings | 72.8B+0.7% | 72.3B+3.2% | 70.0B+3.3% | 67.8B+4.0% | 65.2B+2.7% | |
| Treasury stock | 41.8B+2.0% | 41.0B+1.8% | 40.3B+2.0% | 39.5B+3.3% | 38.2B-0.5% | |
| Accumulated other comprehensive income | -15.0B+14.7% | -17.6B-13.4% | -15.5B-1.5% | -15.3B-2.7% | -14.9B+3.7% | |
| Non-controlling interest | 141M+8.5% | 130M-3.0% | 134M+8.1% | 124M+14.8% | 108M+10.2% | |
| Total equity incl. non-controlling | 20.5B+13.1% | 18.2B-2.5% | 18.6B+7.9% | 17.3B+6.9% | 16.2B+19.2% | |
| Total liabilities & equity | 107B+8.0% | 99.5B-1.0% | 100B+9.0% | 92.2B-0.2% | 92.4B-0.6% | |
| Common shares issued | 1.37B-0.4% | 1.37B-0.1% | 1.37B-0.2% | 1.38B-0.4% | 1.38B+0.2% | |
| Shares outstanding (cover) | 1.37B-0.4% | 1.37B-0.2% | 1.37B-0.2% | 1.38B-0.4% | 1.38B+0.3% | |
| Cash Flow | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| 12.1B-3.4% | 12.5B-7.0% | 13.4B+24.3% | 10.8B-6.9% | 11.6B+9.5% | ||
| Depreciation & amortization | 3.45B+9.2% | 3.16B+7.2% | 2.95B+6.7% | 2.76B+2.0% | 2.71B+6.4% | |
| Intangible amortization | 83.0M+12.2% | 74.0M-1.3% | 75.0M-3.8% | 78.0M-14.3% | 91.0M+1.1% | |
| Share-based compensation | 288M-20.4% | 362M-4.7% | 380M+10.8% | 343M+14.0% | 301M+14.0% | |
| Deferred income taxes | 25.0M+106.7% | -374M+1.8% | -381M+44.2% | -683M-254.9% | 441M+221.9% | |
| Change in inventory | 150M-52.2% | 314M+20.3% | 261M-77.1% | 1.14B+96.2% | 582M+12.8% | |
| Other operating activities | -712M-128.9% | -311M-264.6% | 189M+158.2% | -325M-186.7% | 375M+128.7% | |
| -6.88B-25.7% | -5.47B+0.4% | -5.50B-126.1% | -2.43B+25.7% | -3.27B+71.9% | ||
| Capital expenditure | 4.42B-17.0% | 5.32B-3.6% | 5.52B+6.0% | 5.21B+12.6% | 4.63B+9.1% | |
| Free cash flow | 7.67B+6.7% | 7.19B-9.3% | 7.92B+41.4% | 5.60B-19.8% | 6.99B+9.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 100M+814.3% | -14.0M+70.8% | -48.0M-336.4% | -11.0M-120.0% | -5.00M+87.5% | |
| -4.98B+34.1% | -7.56B-151.1% | -3.01B+64.7% | -8.52B+20.9% | -10.8B-382.3% | ||
| Long-term debt issued | 8.19B+102.6% | 4.04B-26.3% | 5.48B+62.3% | 3.38B-18.1% | 4.12B-70.1% | |
| Long-term debt repaid | 4.08B+5.0% | 3.89B+29.3% | 3.00B+22.3% | 2.46B-28.9% | 3.46B+88.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.00B+0.0% | 1.00B+0.0% | 1.00B-33.3% | 1.50B+1315.1% | 106M-94.7% | |
| Dividends paid | 7.64B+5.7% | 7.23B+8.2% | 6.68B+8.3% | 6.17B+6.1% | 5.82B+5.6% | |
| Other financing activities | -73.0M-37.7% | -53.0M+27.4% | -73.0M-1.4% | -72.0M-53.2% | -47.0M+2.1% | |
| FX effect on cash | 422M+161.4% | -687M-148.0% | -277M+40.4% | -465M-307.9% | -114M+11.6% | |
| Net change in cash | 651M+153.9% | -1.21B-125.9% | 4.66B+867.9% | -607M+76.2% | -2.55B-194.9% | |
| Interest paid | 1.75B+10.3% | 1.58B+13.1% | 1.40B+34.3% | 1.04B-11.9% | 1.18B+2.4% | |
| Income taxes paid | 3.08B+0.6% | 3.06B+21.0% | 2.53B-8.5% | 2.77B+43.1% | 1.93B+9.2% | |
| Valuation Ratios | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| Market cap | 197B-6.3% | 210B-10.2% | 234B-6.2% | 249B+6.0% | 235B+17.1% | |
| P/E | 27.2×+21.4% | 22.4×-20.4% | 28.2×+9.9% | 25.6×-11.1% | 28.8×+1.3% | |
| P/S | 2.1×-6.7% | 2.3×-10.5% | 2.5×-14.3% | 3.0×-2.8% | 3.1×+4.7% | |
| P/B | 10.1×-6.0% | 10.8×-13.2% | 12.4×-5.3% | 13.1×-11.3% | 14.8×-0.5% | |
| P/FCF | 29.0×-14.4% | 33.8×+0.6% | 33.6×-13.8% | 39.0×+11.0% | 35.1×+11.5% | |
| Earnings yield | 3.7%-17.6% | 4.5%+25.6% | 3.6%-9.0% | 3.9%+12.5% | 3.5%-1.3% | |
| FCF yield | 3.5%+16.8% | 3.0%-0.6% | 3.0%+16.0% | 2.6%-9.9% | 2.8%-10.3% | |
| Dividend yield | 3.9%+12.2% | 3.5%+19.7% | 2.9%+16.2% | 2.5%+0.1% | 2.5%-9.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PEP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PEP filings on SEC EDGAR → Not investment advice.