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PepsiCo PEP Gross margin

Gross margin at other companies

Campbell Soup logo
Campbell SoupCPB
28.8%-1.4pp
Coca-Cola logo
Coca-ColaKO
61.9%+0.5pp
Conagra Brands logo
Conagra BrandsCAG
23.9%-1.9pp
General Mills logo
General MillsGIS
33%-2.3pp
Hershey logo
HersheyHSY
38.4%-1.7pp
National Beverage logo
National BeverageFIZZ
37%+0.1pp

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$190.48B-0.3%
Enterprise value$233.4B-0.6%
P/E18.2×-7.1×
P/S-0.1×

Profitability

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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

Calculated from PepsiCo’s reported figures.

Based on trailing twelve months.

The source filing: PepsiCo’s 10-Q, filed July 8, 2026. Open the filing →

Filed
Jul 8, 2026, 1:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000077476-26-000035

FAQ

What is PepsiCo's gross margin?
PepsiCo (PEP) reported gross margin of 54% in Q2 2026.
How has PepsiCo's gross margin changed year-over-year?
PepsiCo's gross margin decreased by 0.9% year-over-year, from 54.4% to 54%.
What is the long-term trend for PepsiCo's gross margin?
Over 5 years (2020 to 2025), PepsiCo's gross margin has grown at a -0.2% compound annual growth rate (CAGR), from 54.8% to 54.1%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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