Income StatementBalance SheetCash FlowSegments
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PepsiCo Balance Sheet Statement

Assets, liabilities, and shareholders' equity

PepsiCo holds $110.65B in total assets. Shareholders' equity is $21.4B against $62.9B in total debt. Cash and equivalents total $10.6B. The current ratio is 0.897 and debt-to-equity is 2.94. Based on the Q1 2026 filing.

Total Assets$110.65BTotal Stockholders Equity$21.4BLong Term Debt$42.6BCash And Equivalents$10.6BTotal Current Assets$30.9BTotal Current Liabilities$34.5B
Latest FilingQ1 2026
Report Date2026-04-16
Market Cap$203.73B
P/E Ratio23.33
ROE43.92%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$11.0B$1.4B$1.5B$1.5B$11.7B$24.3B
Accrued compensation$2.3B———$2.2B—
Accounts payable and other current liabilities (Note 11)$24.5B$22.4B$24.3B$24.8B$25.9B$24.3B
Other accrued liabilities$5.2B———$5.8B—
Current portion of long-term debt$7.1B$9.1B$12.1B$6.7B$6.9B$10.2B
Dividends payable$1.9B———$2.0B—
Derivative liabilities$208.0M$143.0M$110.0M$88.0M—$97.0M
Income taxes payable$2.3B$223.0M$415.0M$6.0M-$1.1B$131.0M
Operating Lease Liability Payments - 2024 (Lessee)$680.0M———$750.0M—
Operating Lease Liability Payments - 2025 (Lessee)$478.0M———$512.0M—
Net Cash Collateral Posted - Derivative Instruments$0.0$0.0$0.0——$0.0
Short-term borrowings$7.1B$9.1B$12.1B$6.7B$6.9B$10.2B
Total current liabilities$31.5B$31.5B$36.4B$31.5B$32.8B$34.5B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$10.7B$10.8B$12.4B$12.6B$11.7B$12.2B
Allowance for Doubtful Accounts$356.0M$362.0M$231.0M$245.0M$230.0M$225.0M
Allowance for Doubtful Accounts Receivable (Current)$356.0M$362.0M$231.0M$245.0M$230.0M$225.0M
Cash and cash equivalents$8.6B$8.3B$7.7B$8.2B$9.2B$10.6B
Deferred Advertising Costs$58.0M———$48.0M—
Derivative assets$114.0M$93.0M$97.0M$132.0M$151.0M$185.0M
Finished goods$2.8B$2.9B$3.4B$3.1B$3.1B$3.4B
Raw materials$2.4B$2.7B$2.9B$2.8B$2.6B$2.7B
Raw materials and supplies inventory, gross$2.4B$2.7B$2.9B$2.8B$2.6B$2.7B
Work in process$104.0M$118.0M$135.0M$154.0M$143.0M$133.0M
Inventories$5.3B$5.7B$6.5B$6.1B$5.8B$6.2B
Prepaid expenses and other current assets$921.0M$1.2B$1.4B$1.3B$1.1B$1.7B
Prepaid Incentive Arrangements$237.0M———$329.0M—
Short-term investments$761.0M$314.0M$342.0M$535.0M$371.0M$353.0M
Total current assets$25.8B$26.3B$28.2B$28.7B$27.9B$30.9B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$4.4B$4.3B$4.3B$4.4B$4.5B$4.4B
Accumulated other comprehensive income (loss)-$17.6B-$17.1B-$16.1B-$15.6B-$15.0B-$14.3B
AOCI - Cash Flow Hedge Adjustment$82.0M$104.0M$86.0M$109.0M$126.0M$181.0M
AOCI - Defined Benefit Plans, Net of Tax$1.3B$1.3B$1.3B$1.3B$1.1B$1.1B
Common stock23M23M23M23M3.6B3.6B
Common Stock Par Value Per Share$0.02$0.02$0.02$0.02$0.02$0.02
Common Stock Shares Issued1.4B1.4B1.4B1.4B1.4B1.4B
Additional paid-in capital$4.4B$4.3B$4.3B$4.4B$4.5B$4.4B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$23.0M$23.0M$23.0M$23.0M$23.0M$23.0M
Treasury Stock, Value$41.0B$41.1B$41.4B$41.6B$41.8B$41.9B
Noncontrolling interests$130.0M$140.0M$141.0M$155.0M$141.0M$153.0M
Retained earnings$72.3B$72.2B$71.5B$72.2B$72.8B$73.2B
Total liabilities and stockholders' equity$99.5B$101.7B$105.3B$106.6B$107.4B$110.6B
Total stockholders' equity$18.0B$18.4B$18.4B$19.4B$20.4B$21.4B
Treasury stock$41.0B$41.1B$41.4B$41.6B$41.8B$41.9B
Unrealized Gains on Investments$334.0M$430.0M$526.0M$1.1B—$745.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)$82.0M$104.0M$86.0M$109.0M$126.0M$181.0M
Cumulative Cost Basis$56.0B$56.9B$58.5B$59.3B$60.9B$61.5B
Derivative Collateral Threshold$0.0$0.0$0.0$0.0—$0.0
Gross Assets/Liabilities$246.0M$194.0M$225.0M$185.0M$214.0M$237.0M
Accrued marketplace spending$3.5B———$3.5B—
Accumulated Other Comprehensive Income Loss Other$237.0M$303.0M$367.0M$777.0M$606.0M$508.0M
Allowance for doubtful accounts$356.0M$362.0M$231.0M$245.0M$230.0M$225.0M
amortization corridor$0.1———$0.1—
Gross Unrealized Gains$334.0M$430.0M$526.0M$1.1B$860.0M$745.0M
Business Combination, Contingent Consideration, Liability$0.0—$226.0M$180.0M$278.0M$162.0M
Carrying Amount, Hedged Fixed-Rate Debt$1.9B$2.0B$2.0B$2.0B$2.0B$2.0B
Cash Collateral for Borrowed Securities$447.0M———$430.0M—
Collateral already posted, aggregate fair value$0.0$0.0$0.0—$0.0$0.0
Commercial paper borrowings outstanding—$4.8B$7.7B$3.0B—$5.0B
Common stock, capital shares reserved for future issuance95M———89M—
Common stock, par value (in dollars per share)$0.02$0.02$0.02$0.02$0.02$0.02
Common stock, shares authorized (in shares)3.6B3.6B3.6B3.6B3.6B3.6B
Common stock, shares issued (in shares)1.4B1.4B1.4B1.4B1.4B1.4B
Credit-Risk-Related Contingent Features Triggered$0.0$0.0$0.0$0.0$0.0$0.0
Short-term debt and current portion of long-term debt$7.1B———$6.9B—
Debt Instrument, Fair Value Disclosure$40.0B$45.0B$47.0B$48.0B$46.0B$49.0B
Less: net unamortized discount$267.0M———$224.0M—
Deductible State Tax And Interest Benefits$202.0M———$181.0M—
Deferred Tax Liabilities, Gross$4.1B———$4.7B—
Deferred income taxes$3.5B$3.5B$3.1B$3.5B$3.8B$4.0B
Deferred marketplace spending$100.0M———$205.0M—
Deferred Tax Asset - capitalized research and development$256.0M———$134.0M—
Deferred Tax Assets, Goodwill and Intangible Assets$1.6B———$2.0B—
Deferred Tax Assets, Gross$11.2B———$11.5B—
Deferred Tax Assets, Net$878.0M———$739.0M—
Deferred Tax Assets, Net of Valuation Allowance$5.0B———$5.4B—
Deferred Tax Assets, Operating Loss Carryforwards$6.7B———$6.8B—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$104.0M———$96.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$148.0M———$141.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Other$415.0M———$372.0M—
Deferred Tax Assets, Valuation Allowance$6.2B———$6.1B—
Debt guarantee of wholly-owned subsidiary$578.0M———$578.0M—
Deferred Tax Liabilities, Other$301.0M———$486.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$1.9B———$2.0B—
Deferred tax liability, recapture of NOL$488.0M———$488.0M—
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year5.0%———5.0%—
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate4.0%———4.0%—
Derivative Liability$246.0M$194.0M$225.0M$185.0M$214.0M$237.0M
Derivative, Net Liability Position, Aggregate Fair Value$208.0M$143.0M$110.0M$88.0M$96.0M$97.0M
Unrecognized compensation cost related to non-vested awards$398.0M———$329.0M—
Equity method investments (Note 11)$2.0B$2.0B$2.1B$2.1B$2.0B$2.1B
Finite-Lived Intangible Assets, Accumulated Amortization$1.8B$1.8B$1.8B$1.9B$1.9B$1.9B
2028$64.0M———$74.0M—
2030$59.0M———$72.0M—
2031$58.0M———$63.0M—
2027$73.0M———$78.0M—
2029$60.0M———$73.0M—
Gross Carrying Amount$2.9B$2.9B$3.2B$3.1B$3.1B$3.1B
Trademarks$13.7B$14.2B$14.2B$13.6B$13.8B$13.9B
Raw materials$2.4B———$2.6B—
Lessee Operating Lease Liability Payments Due$4.0B———$4.5B—
Lessee Operating Lease Liability Undiscounted Excess Amount$568.0M———$681.0M—
Line of Credit Facility, Outstanding Borrowings$0.0—$0.0$0.0$0.0—
Long-Term Debt and Lease Obligation$37.2B$39.4B$39.3B$44.1B$42.3B$42.6B
Noncontrolling interests in subsidiaries$130.0M$140.0M$141.0M$155.0M$141.0M$153.0M
Noncurrent notes and accounts receivable$111.0M———$136.0M—
Number of countries in which Visa operates (more than)20000.0%———20000.0%—
Operating Lease Weighted Average Discount Rate Percent4.0%———5.0%—
Operating Loss Carryforwards$34.0B———$35.5B—
Other Assets, Miscellaneous$821.0M———$923.0M—
Other receivables$2.2B———$2.5B—
Phantom Units Granted Under Director Deferral Program, Shares Outstanding311K———341K—
Reporting Unit, Zero or Negative Carrying Amount, Number$0.0———$0.0—
Reserves For Income Taxes$2.3B———$2.4B—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price$166.64———$162.45—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number11.1M———11.3M—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number5.4M———4.8M—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value$0.0———$2.5M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$143.88———$146.60—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$177.8M———$101.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$119.78———$134.10—
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable5.4M———6.3M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$177.8M———$98.4M—
Significant unobservable input used in level 3 fair value measurement - Other AFS, discount rate assumption8.3%—————
Trade receivables$8.5B———$9.3B—
Treasury stock, shares (in shares)495M494M496M498M500M499M
Undistributed Earnings of Foreign Subsidiaries$11.0B———$12.0B—
Unrecognized tax benefits$2.3B———$2.4B—
Interest accrued$469.0M———$450.0M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capitalized Computer Software, Net$1.5B———$1.8B—
Contingent Consideration Asset$0.0—$0.0$0.0$0.0$0.0
Deferred tax assets$3.5B$3.5B$3.1B$3.5B$3.8B$4.0B
Deferred Tax Assets and Other Non-Current Assets$948.0M$7.2B$7.5B$8.7B$927.0M$9.1B
Equity method investments$2.0B$2.0B$2.1B$2.1B$2.0B$2.1B
Finite Lived Intangible Assets - Gross$2.9B$2.9B$3.2B$3.1B$3.1B$3.1B
Goodwill$17.5B$18.4B$19.0B$18.8B$18.9B$19.0B
Goodwill and Intangible Assets, Net$31.2B———$32.8B$33.0B
Indefinite-Lived Intangible Assets, Gross$13.7B$14.2B$14.2B$13.6B$13.8B$13.9B
Indefinite-Lived Research and Development Assets$13.7B$14.2B$14.2B$13.6B$13.8B$13.9B
Indefinite-Lived Trademarks$13.7B$14.2B$14.2B$13.6B$13.8B$13.9B
Intangible assets, net$13.7B$14.2B$14.2B$500.0M$1.2B$1.2B
Capitalized software licenses$1.5B———$1.8B—
Deferred tax assets$4.4B$4.4B$4.3B$4.3B$4.5B$4.6B
Intangible assets — net$1.1B$1.2B$1.3B$1.2B$1.2B$1.2B
Other intangible assets—net———$500.0M$500.0M—
Goodwill and intangible assets, net$31.2B———$32.8B$33.0B
Operating lease right-of-use assets$3.4B———$3.7B—
Other non-current assets$7.0B$7.2B$7.5B$8.7B$9.0B$9.1B
Property, plant and equipment at cost$56.0B$56.9B$58.5B$59.3B$60.9B$61.5B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$761.0M$314.0M$342.0M$535.0M$371.0M$353.0M
Other Investments$1.3B———$2.5B—
Other non-current assets$7.0B$7.2B$7.5B$8.7B$9.0B$9.1B
Accumulated depreciation$28.0B$28.7B$29.7B$30.3B$31.0B$31.7B
Prepaid Expenses, Non-Current$1.2B———$1.4B—
Property and equipment, net$28.0B$28.2B$28.8B$29.1B$29.9B$29.8B
Total assets$99.5B$101.7B$105.3B$106.6B$107.4B$110.6B
Total Financial Assets at Fair Value$1.5B$1.5B$1.6B$2.8B$2.6B$2.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Carrying Amount of Hedged Term Debt$1.9B$2.0B$2.0B$2.0B—$2.0B
Contingent Consideration Liability (Non-Current)$0.0—$226.0M$180.0M$278.0M$162.0M
Deferred Tax Liabilities - Deferred Expense$112.0M———$238.0M—
Deferred Tax Liabilities - Leasing Arrangements$772.0M———$819.0M—
Deferred Tax Liabilities - Right-of-Use Asset$773.0M———$819.0M—
Operating Lease Liability Payments - 2026 (Lessee)$579.0M———$631.0M—
Operating Lease Liability Payments - 2027 (Lessee)$377.0M———$434.0M—
Operating Lease Liability Payments - 2028 (Lessee)$478.0M———$512.0M—
Operating Lease Liability Payments - 2029 (Lessee)$377.0M———$434.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$1.1B———$1.3B—
Long-term debt$37.2B$39.4B$39.3B$44.1B$42.3B$42.6B
Long-Term Debt and Finance Lease Obligations$37.2B$39.4B$39.3B$44.1B$42.3B$42.6B
Long-Term Debt - Fair Value$40.0B$45.0B$47.0B$48.0B$46.0B$49.0B
Other non-current liabilities$9.1B$8.7B$8.0B$7.9B$8.0B$8.0B
Total Financial Liabilities at Fair Value$749.0M$673.0M$932.0M$850.0M$987.0M$868.0M
Total liabilities$81.3B$83.2B$86.8B$87.0B$86.9B$89.1B
Underfunded Retirement Plans$664.0M———$632.0M—