What is PepsiCo's change in AP?

PepsiCo (PEP) reported change in AP of -$1.2B in Q2 2026.

How has PepsiCo's change in AP changed year-over-year?

PepsiCo's change in AP increased by 42.4% year-over-year, from -$2.08B to -$1.2B.

What is the long-term trend for PepsiCo's change in AP?

Over 2 years (2021 to 2023), PepsiCo's change in AP has grown at a -51.2% compound annual growth rate (CAGR), from $1.76B to $420M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

PepsiCo PEP Change in AP

Change in AP at other companies

Campbell SoupCPB

-$208M-9.5%

Conagra BrandsCAG

-$109.8M+24.5%

General MillsGIS

-$332.2M+17.6%

HersheyHSY

$21.22M-93.7%

National BeverageFIZZ

$19.34M-2.4%

Monster BeverageMNST

$164.7M+1,300%

Other financials

Income statement

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Revenue$24.2B+6.4%

Gross profit$13.1B+5.5%

Operating income$4.0B+125%

Net income$3.0B+136%

EPS (diluted)$2.18+137%

Balance sheet

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Cash & equivalents$10.3B+33.6%

Total debt$53.2B+3.6%

Total equity$22.1B+20.0%

Total assets$112.19B+6.5%

Cash flow

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Operating cash flow$2.4B+137%

CapEx$1.3B-16.0%

Free cash flow$1.1B+315%

Valuation

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Market cap$190.8B-1.6%

Enterprise value$233.71B-1.6%

P/E18.3×-7.4×

P/S2×-0.1×

Profitability

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Gross margin54%-0.5pp

Operating margin14.8%+3.4pp

Net margin10.8%+2.6pp

FCF margin10.8%+3.0pp

Returns & leverage

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Return on equity51.6%+11.7pp

Debt / equity2.4×-0.4×

Current ratio0.9×+0.2×

Where this comes from

Reported directly by PepsiCo in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: PepsiCo’s 10-Q, filed July 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PepsiCo's change in AP?: PepsiCo (PEP) reported change in AP of -$1.2B in Q2 2026.
How has PepsiCo's change in AP changed year-over-year?: PepsiCo's change in AP increased by 42.4% year-over-year, from -$2.08B to -$1.2B.
What is the long-term trend for PepsiCo's change in AP?: Over 2 years (2021 to 2023), PepsiCo's change in AP has grown at a -51.2% compound annual growth rate (CAGR), from $1.76B to $420M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.