PepsiCo, Inc. (PEP) Earnings History
Profitable37 years of earnings data (1989–2025) · Positive TTM net income
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PepsiCo, Inc. (PEP) Earnings Overview
As of June 20, 2026, PepsiCo, Inc. (PEP) reported trailing twelve-month net income of $8.24B, reflecting -13.7% year-over-year growth. The company earned $6.01 per diluted share over the past four quarters, with a net profit margin of 8.8%.
Looking at the long-term picture, PEP's 5-year EPS compound annual growth rate (CAGR) stands at +3.3%, reflecting modest earnings expansion. The company achieved its highest annual net income of $12.52B in fiscal 2018.
PepsiCo, Inc. maintains positive profitability with a gross margin of 54.1%, operating margin of 12.2%, and net margin of 8.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including KO ($13.70B net income, 27.3% margin), MDLZ ($2.61B net income, 6.4% margin), GIS ($2.21B net income, 11.8% margin), PEP has room to improve margins relative to the peer group. Compare PEP vs KO →
PEP Earnings vs Peers
Earnings metrics vs comparable public companies
PEP Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.24B | -14.0% | $11.50B | $6.00 | 8.8% | 12.2% |
| 2024 | $9.58B | +5.6% | $12.89B | $6.95 | 10.4% | 14.0% |
| 2023 | $9.07B | +1.8% | $11.99B | $6.56 | 9.9% | 13.1% |
| 2022 | $8.91B | +17.0% | $11.51B | $6.42 | 10.3% | 13.3% |
| 2021 | $7.62B | +7.0% | $11.16B | $5.48 | 9.6% | 14.0% |
| 2020 | $7.12B | -2.7% | $10.08B | $5.11 | 10.1% | 14.3% |
| 2019 | $7.31B | -41.6% | $10.29B | $5.20 | 10.9% | 15.3% |
| 2018 | $12.52B | +157.7% | $10.11B | $8.78 | 19.4% | 15.6% |
| 2017 | $4.86B | -23.3% | $10.28B | $3.38 | 7.6% | 16.2% |
| 2016 | $6.33B | +16.1% | $9.80B | $4.36 | 10.1% | 15.6% |
| 2015 | $5.45B | -16.3% | $8.35B | $3.67 | 8.6% | 13.2% |
| 2014 | $6.51B | -3.4% | $9.58B | $4.27 | 9.8% | 14.4% |
| 2013 | $6.74B | +9.1% | $9.71B | $4.32 | 10.1% | 14.6% |
| 2012 | $6.18B | -4.1% | $9.11B | $3.92 | 9.4% | 13.9% |
| 2011 | $6.44B | +1.9% | $9.63B | $4.03 | 9.7% | 14.5% |
| 2010 | $6.32B | +6.3% | $8.33B | $3.91 | 10.9% | 14.4% |
| 2009 | $5.95B | +15.6% | $8.04B | $3.77 | 13.8% | 18.6% |
| 2008 | $5.14B | -9.1% | $6.96B | $3.21 | 11.9% | 16.1% |
| 2007 | $5.66B | +0.3% | $7.17B | $3.41 | 14.3% | 18.2% |
| 2006 | $5.64B | +38.4% | $6.50B | $3.34 | 16.1% | 18.5% |
| 2005 | $4.08B | -3.2% | $5.92B | $2.39 | 12.5% | 18.2% |
| 2004 | $4.21B | +18.0% | $5.26B | $2.44 | 14.4% | 18.0% |
| 2003 | $3.57B | +18.9% | $4.78B | $2.05 | 13.2% | 17.7% |
| 2002 | $3.00B | +25.0% | $4.29B | $1.68 | 11.9% | 17.1% |
| 2001 | $2.40B | -5.6% | $3.64B | $1.33 | 10.2% | 15.5% |
| 2000 | $2.54B | +1.5% | $3.82B | $1.42 | 10.0% | 15.0% |
| 1999 | $2.50B | +25.7% | $3.48B | $1.37 | 10.0% | 13.9% |
| 1998 | $1.99B | -7.0% | $2.87B | $1.31 | 8.9% | 12.9% |
| 1997 | $2.14B | +86.4% | $2.95B | $1.36 | 10.2% | 14.1% |
| 1996 | $1.15B | -28.5% | $2.62B | $0.72 | 5.6% | 12.9% |
| 1995 | $1.61B | -8.3% | $2.67B | $1.00 | 8.4% | 14.0% |
| 1994 | $1.75B | +10.3% | $3.20B | $1.09 | 6.2% | 11.2% |
| 1993 | $1.59B | +324.2% | $2.91B | $0.71 | 6.3% | 11.6% |
| 1992 | $374M | -65.3% | $2.64B | $0.23 | 1.7% | 12.0% |
| 1991 | $1.08B | +0.3% | $2.33B | $0.68 | 5.5% | 11.9% |
| 1990 | $1.08B | +19.5% | $2.24B | $0.68 | 6.0% | 12.6% |
| 1989 | $901M | - | $1.78B | $0.57 | 5.9% | 11.7% |
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PEP — Frequently Asked Questions
Quick answers to the most common questions about buying PEP stock.
What is PEP earnings per share (EPS)?
PEP trailing twelve-month (TTM) diluted EPS is $6.01, reflecting -13.7% year-over-year growth. The 5-year EPS CAGR is +3.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is PepsiCo, Inc.'s net income?
PepsiCo, Inc. (PEP) trailing twelve-month net income is $8.2B as of 2025. Earnings declined -13.7% year-over-year. PepsiCo, Inc. has been profitable for 37 consecutive years.
Is PEP profitable?
Yes, PEP is profitable with a TTM net income of $8.2B and a net profit margin of +8.8%. PepsiCo, Inc. has generated profits for 37 consecutive years.
What is PEP's earnings growth rate?
PEP compound annual EPS growth rates (CAGR): 1-Year: -13.7%, 3-Year: -2.2%, 5-Year: +3.3%, 10-Year: +5.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are PEP's profit margins?
PepsiCo, Inc. net profit margin is +8.8%, operating margin is +12.2%, and gross margin is +54.1%. Margins are within a typical range for the sector. Return on Equity is +42.6%.
Is PEP growing earnings?
PEP earnings are declining — EPS fell -13.7% year-over-year. TTM net income dropped to $8.2B. This contrasts with the 5-year CAGR of +3.3%.
What was PEP's best earnings year?
PepsiCo, Inc.'s highest annual net income on record is $12.5B, achieved in fiscal year 2018. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were PEP's earnings last quarter?
PEP's most recent reported quarter was Q4 2025. Net income was $2.5B with diluted EPS of $1.85. For a full breakdown of all quarters, see the quarterly earnings table on this page.