PepsiCo, Inc. (PEP) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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PEP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PEP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 54.1% | 12.2% | 8.8% |
| 2024 | 54.6% | 14.0% | 10.4% |
| 2023 | 54.2% | 13.1% | 9.9% |
| 2022 | 53.0% | 13.3% | 10.3% |
| 2021 | 53.3% | 14.0% | 9.6% |
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PepsiCo, Inc. (PEP) Earnings Overview
As of May 6, 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% |
Full PEP Stock Analysis
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Start ComparisonPEP — Frequently Asked Questions
Quick answers to the most common questions about buying PEP stock.
Is PEP growing earnings?
PEP EPS fell to $6.01, with earnings declining -13.7%. This contrasts with the 5-year CAGR of +3.3%. TTM net income dropped to $8.2B.
What are PEP's profit margins?
PepsiCo, Inc. net margin is +8.8%, with operating margin at +12.2%. Margins sit within typical range for the sector.
How consistent are PEP's earnings?
PEP earnings data spans 1989-2025. The declining earnings trend is -13.7% YoY. Historical data enables comparison across business cycles.