Operating Income
Operating Income
PepsiCo Operating Income decreased by 0.3% to $3.56B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 58.1%, from $2.25B to $3.56B. Over 4 years (FY 2021 to FY 2025), Operating Income shows relatively stable performance with a 0.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
operating_incomeHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.13B | $3.16B | $2.56B | $5.27B | $2.08B | $3.35B | $815.00M | $2.63B | $3.66B | $4.02B | $1.68B | $2.72B | $4.05B | $3.87B | $2.25B | $2.58B | $1.79B | $3.57B | $3.56B |
| QoQ Change | — | +1.0% | -18.9% | +105.6% | -60.6% | +61.4% | -75.7% | +222.6% | +39.2% | +9.7% | -58.1% | +61.4% | +49.0% | -4.3% | -41.9% | +14.8% | -30.7% | +99.5% | -0.3% |
| YoY Change | — | — | — | — | -33.6% | +6.1% | -68.2% | -50.1% | +76.2% | +19.7% | +106.5% | +3.3% | +10.6% | -3.6% | +33.7% | -4.9% | -55.8% | -7.8% | +58.1% |
Range$815.00M – $5.27B
CAGR+2.9%
Avg YoY Growth+6.0%
Median YoY Growth+3.3%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|
| Asia Pacific Foods (Segment) | $160.00M | $170.00M | $321.00M | — |
| Europe, Middle East & Africa (Segment) | $220.00M | $590.00M | $1.31B | $0.00 |
| International Beverage Franchise | $277.00M | $812.00M | $1.25B | — |
| Latin America Foods (Segment) | $344.00M | $877.00M | $1.30B | — |
| PepsiCo Foods North America | $1.54B | $2.93B | $4.46B | — |
| Total | $2.58B | $1.79B | $3.57B | $3.56B |
Operating Income at Other Companies
Frequently Asked Questions
- What is PepsiCo's operating income?
- PepsiCo (PEP) reported operating income of $3.56B in Q4 2025.
- How has PepsiCo's operating income changed year-over-year?
- PepsiCo's operating income increased by 58.1% year-over-year, from $2.25B to $3.56B.
- 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 $11.50B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.