Company / Operating Margin
PepsiCo Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
12.2%
FY2025
5-year range
12.2% / 15.3%
FY2021-FY2025
Trend
-12.8%
vs FY2024
Sector context
#23 of 67
Consumer Staples
What the data says
At 12.2%, PepsiCo's operating margin ranks #23 of 67 in the Consumer Staples sector. Operating Margin has declined for 6 consecutive years, from 16.2% in FY2019 to 12.2% in FY2025.
Based on SEC 10-K filings.
12.2% in FY2025 with a 5-year CAGR of -3.4%.
Declined from 14.0% to 12.2% over the past 2 years.
Consumer Staples sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.1pp
- 5-Year Change
- -3.4pp
- 10-Year Change
- -
Sector benchmark
#23 of 67 in Consumer StaplesTop 34% of 67This company 12.2% Sector average 10.4%
▼
+17.2% above sector average
Key checks
Key Insights
- PepsiCo's operating margin has declined for 6 consecutive years.
- In FY2025, operating margin decreased 12.8% year-over-year.
- Currently 1.8pp above the Consumer Staples sector average.
- Peak operating margin was recorded in FY2019.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 37.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 12.2% | -12.8% |
| FY2024 | 14.0% | -0.1% |
| FY2023 | 14.0% | -2.0% |
| FY2022 | 14.3% | -6.5% |
| FY2021 | 15.3% | -2.0% |
| FY2020 | 15.6% | -3.3% |
| FY2019 | 16.2% | +3.7% |
| FY2018 | 15.6% | +17.8% |
| FY2017 | 13.3% | -15.1% |
| FY2016 | 15.6% | +6.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026