PepsiCo's revenue growth inflected from -1.8% in 2025Q1 to a peak of 8.5% in 2026Q1 before decelerating to 5.6% in 2026Q3, suggesting the pricing-driven recovery may be maturing as gross margins hold steady within a 53-55% band.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth decelerated from an 8.5% peak in 2026Q1 to 5.6% in 2026Q3 on stable 54.4% gross margins, though recurring Q4 operating margin plunges to 8.1% (2024Q4) and 12.1% (2025Q4) alongside SG&A growth of ~12% outpacing gross profit growth of 9.5% suggest negative incremental operating leverage and volatile EPS growth ranging from -58.7% to +137%.
Average 12-month price target is $170.26, with high-end targets reaching $195.00 and optimistic projections up to $240 by year-end 2026.
Accelerating growth in emerging markets is a key driver for future revenue.
Sustained margin expansion driven by productivity initiatives and cost savings.
Persistent inflation and weakening consumer spending could pressure sales volumes.
Sharp increases in commodity costs could negatively impact margins.
Sensitivity to macroeconomic conditions and potential slowdowns in emerging markets are concerns.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 8, 2026 | $2.34+2.2% vs $2.29 | $25.3B+1.3% vs $25.0B |
Q3 2026 Jul 9, 2026 | $2.20+0.5% vs $2.19 | $24.2B+1.0% vs $23.9B |
Q2 2026 Apr 16, 2026 | $1.61+4.5% vs $1.54 | $19.4B+2.6% vs $18.9B |
Q1 2026 Feb 3, 2026 | $2.26+0.9% vs $2.24 | $29.3B+1.3% vs $29.0B |
PepsiCo sells snacks and sodas in more than 200 countries, yet its home market is wobbling and the S&P 500 left it far behind. One part of the return kept quietly carrying the load, and retirees should care which one.
Dividend Aristocrats in non-tech sectors can provide downside protection and income resilience in a turbulent market. I highlight two such names with durable track records and diversified businesses. Both are trading well below normal valuations, offering both income and capital appreciation potential.
Three soda giants promise retirees steady checks, but one has frozen its payout, another has the thinnest cushion, and all three share the same weak spot.
Renewed partnership builds on decades of collaboration and positions PepsiCo to help modernize KFC's beverage and culinary offerings as the brand continues its international expansion. KEY TAKEAWAYS PepsiCo has renewed its longstanding partnership with KFC across several international markets.
Benchmark PEP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for PepsiCo, Inc. (PEP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $141.34 | $193.07B | 17.71 | 2.25% | 11.1% | 50.24% | 3.94% | |
| $95.67 | $411.62B | 28.21 | 1.87% | 28.65% | 39.58% | 2.13% | |
| $66.02 | $84.26B | 20.72 | 5.75% | 10.22% | 15.53% | 2.9% | |
| $35.51 | $18.95B | -21.35 | -5.45% | -4.89% | -10.67% | 6.77% | |
| $23.13 | $6.9B | 17.45 | -4.96% | 4.14% | 9.98% | 6.77% | |
| $15.24 | $7.29B | -3.84 | -2.85% | -16.95% | -26.28% | 9.17% |
PepsiCo, Inc. (PEP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
PepsiCo, Inc. (PEP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 16, 2026·SEC
Oct 8, 2026·SEC
Sep 17, 2026·SEC
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PepsiCo, Inc. (PEP) stock FAQ — growth, dividends, profitability & financials explained
PepsiCo, Inc. (PEP) reported $98.24B in revenue over the trailing twelve months. Revenue was $93.92B in fiscal year 2025. That is 362% more than the $20.34B of fiscal year 1996.
PepsiCo, Inc. (PEP) grew revenue by 6.4% over the trailing twelve months, compared with the twelve months before.
Yes. PepsiCo, Inc. (PEP) earned $10.91B in net income over the trailing twelve months (a 11.1% net margin).
Yes. PepsiCo, Inc. (PEP) pays a dividend that yields 3.94% at the current price, a moderate yield.
PepsiCo, Inc. (PEP) had a return on equity (ROE) of 50.2% over the trailing twelve months. That is well above the market's typical 10-15%.
PepsiCo, Inc. (PEP) generated $10.47B in free cash flow over the trailing twelve months.
