How has PepsiCo's indefinite-lived research and development assets changed year-over-year?

PepsiCo's indefinite-lived research and development assets decreased by 1.9% year-over-year, from $14.21B to $13.93B.

What is the long-term trend for PepsiCo's indefinite-lived research and development assets?

Over 5 years (2020 to 2025), PepsiCo's indefinite-lived research and development assets has grown at a -4.7% compound annual growth rate (CAGR), from $17.61B to $13.85B.

Discontinued — last reported Q4 '17

Non-Current Assets

Indefinite-Lived Research and Development Assets

PepsiCo Indefinite-Lived Research and Development Assets increased by 0.6% to $13.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $14.21B to $13.93B. Over 5 years (FY 2020 to FY 2025), Indefinite-Lived Research and Development Assets shows a downward trend with a -4.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ3 2015

Last reportedQ4 2017

How to read this metric

An increase indicates aggressive investment in external innovation, while a decrease may signal project completion, commercialization, or impairment charges.

Detailed definition

This represents the value of acquired in-process research and development (IPR&D) projects that have not yet reached com...

Peer comparison

Common in pharmaceutical and medical device sectors where M&A is a primary driver of R&D pipelines.

Metric ID: indefinite_lived_rd_assets

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$17.74B	$17.29B	$17.13B	$16.60B	$15.74B	$15.84B	$14.31B	$14.27B	$14.33B	$14.29B	$13.73B	$13.68B	$13.68B	$13.73B	$13.70B	$14.21B	$14.21B	$13.61B	$13.85B	$13.93B
QoQ Change	—	-2.5%	-0.9%	-3.1%	-5.2%	+0.6%	-9.7%	-0.3%	+0.4%	-0.3%	-3.9%	-0.4%	-0.0%	+0.4%	-0.2%	+3.7%	+0.0%	-4.2%	+1.7%	+0.6%
YoY Change	—	—	—	—	-11.2%	-8.4%	-16.5%	-14.0%	-9.0%	-9.8%	-4.0%	-4.2%	-4.6%	-4.0%	-0.2%	+3.8%	+3.9%	-0.8%	+1.1%	-1.9%

Range$13.61B – $17.74B

CAGR-5.0%

Avg YoY Growth-5.0%

Median YoY Growth-4.1%

Current Streak2 quarters growth

Indefinite-Lived Research and Development Assets at Other Companies

Keurig Dr PepperKDP View metric

The Kraft Heinz CompanyKHC View metric

Tyson FoodsTSN View metric

Frequently Asked Questions

What is PepsiCo's indefinite-lived research and development assets?: PepsiCo (PEP) reported indefinite-lived research and development assets of $13.93B in Q1 2026.
How has PepsiCo's indefinite-lived research and development assets changed year-over-year?: PepsiCo's indefinite-lived research and development assets decreased by 1.9% year-over-year, from $14.21B to $13.93B.
What is the long-term trend for PepsiCo's indefinite-lived research and development assets?: Over 5 years (2020 to 2025), PepsiCo's indefinite-lived research and development assets has grown at a -4.7% compound annual growth rate (CAGR), from $17.61B to $13.85B.
What does indefinite-lived research and development assets mean?: The value of ongoing research projects acquired from other companies that are not yet ready for sale.