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PepsiCo PEP Q1 2025 earnings

Reported April 24, 2025 · Before market open

Revenue estimate$17.8B
EPS estimate$1.49

Next report

Oct 8, 2026 (in 3 months)
Revenue estimate$25.0B
EPS estimate$2.43

Financials

Q1 2025

Income statement

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Revenue$17.9B-1.8%
Gross profit$10.0B-0.1%
Operating income$2.6B-4.9%
Net income$1.8B-10.2%
EPS (diluted)$1.33-10.1%

Balance sheet

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Cash & equivalents$8.3B+2.3%
Total debt$48.5B+5.8%
Total equity$18.4B-3.5%
Total assets$101.74B+1.7%

Cash flow

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Operating cash flow-$973.0M+6.5%
CapEx$603.0M-1.8%
Free cash flow-$1.6B+4.8%

Valuation & ratios

Valuation

as of 03/22/25
See full
Market cap$205.61B-14.6%
Enterprise value$245.81B-11.7%
P/E21.9×-4.3×
P/S2.2×-0.4×

Profitability

See full
Gross margin54.7%+0.6pp
Operating margin13.9%+0.8pp
Net margin10.2%+0.2pp
FCF margin7.9%+0.1pp

Returns & leverage

See full
Return on equity50.1%-0.8pp
Debt / equity2.6×+0.2×
Current ratio0.8×0.0×

Segments

By segment

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PepsiCo Foods North America$6.2B-0.9%
PepsiCo Beverages North America$5.9B0.0%
Europe, Middle East & Africa (Segment)$2.4B-1.8%
Latin America Foods (Segment)$1.7B-12.1%
Asia Pacific Foods (Segment)$1.0B-2.2%

Versus estimates

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Questions, answered.

When did PepsiCo report Q1 2025 earnings?
PepsiCo (PEP) reported Q1 2025 earnings on April 24, 2025 before market open.
What were PepsiCo's Q1 2025 revenue and EPS?
PepsiCo reported revenue of $17.9B and diluted EPS of $1.48 for Q1 2025.
Did PepsiCo beat estimates in Q1 2025?
Revenue beat the consensus estimate of $17.8B by $161.0M. EPS missed the consensus estimate of $1.49 by $0.01.
Where can I find PepsiCo's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000077476-25-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.