What is PepsiCo's operating income?

PepsiCo (PEP) reported operating income of $3.21B in Q1 2026.

How has PepsiCo's operating income changed year-over-year?

PepsiCo's operating income increased by 24.4% year-over-year, from $2.58B to $3.21B.

What is the long-term trend for PepsiCo's operating income?

Over 4 years (2021 to 2025), PepsiCo's operating income has grown at a 0.7% compound annual growth rate (CAGR), from $11.16B to $11.5B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

PepsiCo PEP Operating Income

Operating Income at other companies

Campbell SoupCPB

$239M+48.4%

Coca-ColaKO

$4.36B+19.1%

Conagra BrandsCAG

$280.1M+17.0%

HersheyHSY

$640.69M+73.5%

National BeverageFIZZ

$51.15M+1.1%

Coca-Cola Consolidated, Inc.COKE

$237.52M+25.1%

Segments

By segment

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PepsiCo Foods North America$1.43B-7.0%

PepsiCo Beverages North America$736M+60.0%

Latin America Foods (Segment)$428M+24.4%

International Beverage Franchise$321M+15.9%

Europe, Middle East & Africa (Segment)$278M+26.4%

Asia Pacific Foods (Segment)$217M+35.6%

Other financials

Income statement

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Revenue$19.4B+8.5%

Gross profit$10.7B+7.4%

Net income$2.3B+26.9%

EPS (diluted)$1.70+27.8%

Balance sheet

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Cash & equivalents$10.6B+26.8%

Total debt$52.7B+8.7%

Total equity$21.4B+16.3%

Total assets$110.65B+8.8%

Cash flow

See full

Operating cash flow$41.0M+104%

CapEx$447.0M-25.9%

Free cash flow-$406.0M+74.2%

Valuation

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Market cap$193.25B+7.6%

Enterprise value$235.42B+5.4%

P/E22.1×-1.7×

P/S2×+0.1×

Profitability

See full

Gross margin54.1%-0.7pp

Operating margin12.7%-1.2pp

Net margin9.1%-1.1pp

FCF margin9.3%+1.3pp

Returns & leverage

See full

Return on equity43.9%-6.1pp

Debt / equity2.5×-0.2×

Current ratio0.9×+0.1×

Where this comes from

Reported directly by PepsiCo in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: PepsiCo’s 10-Q, filed April 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PepsiCo's operating income?: PepsiCo (PEP) reported operating income of $3.21B in Q1 2026.
How has PepsiCo's operating income changed year-over-year?: PepsiCo's operating income increased by 24.4% year-over-year, from $2.58B to $3.21B.
What is the long-term trend for PepsiCo's operating income?: Over 4 years (2021 to 2025), PepsiCo's operating income has grown at a 0.7% compound annual growth rate (CAGR), from $11.16B to $11.5B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.