PepsiCo Income Statement

PEP / Consumer Staples|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

PepsiCo reported $93.9B in revenue and $8.2B in net income for FY2025. Revenue has grown at a 5.7% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

High earnings quality (cash-backed earnings)
Strong return on equity: 37.3%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$93.9B	$91.9B	$79.5B	$70.4B	$67.2B	$64.7B	$63.5B	$62.8B	$63.1B	$62.8B	$66.4B	$66.7B	$66.4B	$65.5B	$43.2B
Cost of Revenue	$43.1B	$41.7B	$37.1B	$31.8B	$30.1B	$29.4B	$28.8B	$28.2B	$28.7B	$28.2B	$31.2B	$31.2B	$31.2B	$31.3B	$20.1B
Gross Profit	$50.9B	$50.1B	$42.4B	$38.6B	$37.0B	$35.3B	$34.7B	$34.6B	$34.3B	$34.6B	$35.2B	$35.4B	$35.2B	$34.2B	-
SG&A Expense	$37.4B	$37.2B	$31.2B	$28.5B	$26.7B	$25.2B	$24.5B	$24.8B	$24.6B	$24.8B	$25.4B	$25.8B	$25.4B	$25.0B	$15.0B
R&D Expense	$839.0M	$813.0M	$752.0M	$719.0M	$711.0M	$680.0M	$737.0M	$760.0M	$754.0M	$760.0M	$665.0M	$718.0M	$665.0M	$552.0M	$414.0M
Operating Income	$11.5B	$12.9B	$11.2B	$10.1B	$10.3B	$10.1B	$10.3B	$9.8B	$8.4B	$9.8B	$9.7B	$9.6B	$9.7B	$9.1B	$8.0B
Interest Expense	$1.1B	$919.0M	$1.9B	$1.1B	$935.0M	$1.2B	$1.2B	$1.3B	$970.0M	$1.3B	$911.0M	$909.0M	$911.0M	$899.0M	$397.0M
Income Tax	$1.9B	$2.3B	$2.1B	$1.9B	$2.0B	-$3.4B	$4.7B	$2.2B	$1.9B	$2.2B	$2.1B	$2.2B	$2.1B	$2.1B	$2.1B
Net Income	$8.2B	$9.6B	$7.6B	$7.1B	$7.3B	$12.5B	$4.9B	$6.3B	$5.5B	$6.3B	$6.7B	$6.5B	$6.7B	$6.2B	$5.9B
EPS (Basic)	$6.59	$6.45	$5.51	$5.14	$5.23	$8.84	$3.40	$4.39	$3.71	$4.31	$4.37	$3.96	$4.08	$3.97	$3.81
EPS (Diluted)	$6.56	$6.42	$5.49	$5.12	$5.20	$8.78	$3.38	$4.36	$3.67	$4.27	$4.32	$3.92	$4.03	$3.91	$3.77
Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B	1.6B	1.6B
Gross Margin	54.1%	54.5%	53.3%	54.8%	55.1%	54.6%	54.7%	55.1%	54.4%	55.1%	53.0%	53.1%	53.0%	52.2%	-
Operating Margin	12.2%	14.0%	14.0%	14.3%	15.3%	15.6%	16.2%	15.6%	13.3%	15.6%	14.6%	14.4%	14.6%	13.9%	18.6%
Profit Margin	8.8%	10.4%	9.6%	10.1%	10.9%	19.4%	7.6%	10.1%	8.6%	10.1%	10.2%	9.8%	10.2%	9.4%	13.8%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

PepsiCo Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$93.9B

$91.9B

$79.5B

$70.4B

$67.2B

$64.7B

$63.5B

$62.8B

$63.1B

$62.8B

$66.4B

$66.7B

$66.4B

$65.5B

$43.2B

Cost of Revenue

$43.1B

$41.7B

$37.1B

$31.8B

$30.1B

$29.4B

$28.8B

$28.2B

$28.7B

$28.2B

$31.2B

$31.3B

$20.1B

Gross Profit

$50.9B

$50.1B

$42.4B

$38.6B

$37.0B

$35.3B

$34.7B

$34.6B

$34.3B

$34.6B

$35.2B

$35.4B

$35.2B

$34.2B

SG&A Expense

$37.4B

$37.2B

$31.2B

$28.5B

$26.7B

$25.2B

$24.5B

$24.8B

$24.6B

$24.8B

$25.4B

$25.8B

$25.4B

$25.0B

$15.0B

R&D Expense

$839.0M

$813.0M

$752.0M

$719.0M

$711.0M

$680.0M

$737.0M

$760.0M

$754.0M

$760.0M

$665.0M

$718.0M

$665.0M

$552.0M

$414.0M

Operating Income

$11.5B

$12.9B

$11.2B

$10.1B

$10.3B

$10.1B

$10.3B

$9.8B

$8.4B

$9.8B

$9.7B

$9.6B

$9.7B

$9.1B

$8.0B

Interest Expense

$1.1B

$919.0M

$1.9B

$1.1B

$935.0M

$1.2B

$1.3B

$970.0M

$1.3B

$911.0M

$909.0M

$911.0M

$899.0M

$397.0M

Income Tax

$1.9B

$2.3B

$2.1B

$1.9B

$2.0B

-$3.4B

$4.7B

$2.2B

$1.9B

$2.2B

$2.1B

$2.2B

$2.1B

Net Income

$8.2B

$9.6B

$7.6B

$7.1B

$7.3B

$12.5B

$4.9B

$6.3B

$5.5B

$6.3B

$6.7B

$6.5B

$6.7B

$6.2B

$5.9B

EPS (Basic)

$6.59

$6.45

$5.51

$5.14

$5.23

$8.84

$3.40

$4.39

$3.71

$4.31

$4.37

$3.96

$4.08

$3.97

$3.81

EPS (Diluted)

$6.56

$6.42

$5.49

$5.12

$5.20

$8.78

$3.38

$4.36

$3.67

$4.27

$4.32

$3.92

$4.03

$3.91

$3.77

Shares Outstanding

1.4B

1.5B

1.6B

Gross Margin

54.1%

54.5%

53.3%

54.8%

55.1%

54.6%

54.7%

55.1%

54.4%

55.1%

53.0%

53.1%

53.0%

52.2%

Operating Margin

12.2%

14.0%

14.3%

15.3%

15.6%

16.2%

15.6%

13.3%

15.6%

14.6%

14.4%

14.6%

13.9%

18.6%

Profit Margin

8.8%

10.4%

9.6%

10.1%

10.9%

19.4%

7.6%

10.1%

8.6%

10.1%

10.2%

9.8%

10.2%

9.4%

13.8%