PEPSICO INC (PEP) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — PEP

Balance Sheet

(in billions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	10.25	10.48	8.13	7.63	8.27	7.31	6.35	8.05	10.02	6.12	4.77	6.42	5.41	6.56	6.51	5.45	5.66
Short-term Investments	0.47	0.35	0.54	0.34	0.31	0.74	0.32	0.30	0.27	0.34	0.43	0.33	0.29	0.34	0.34	0.33	0.96
Inventory	6.73	6.21	6.09	6.49	5.66	5.64	5.89	5.57	5.56	5.97	5.70	5.02	5.29	4.76	4.36	5.01	4.56
Total Current Assets	32.78	30.92	28.72	28.21	26.29	26.85	25.70	26.01	28.65	24.95	22.43	23.54	22.63	22.34	23.71	21.60	21.20
Property, Plant & Equipment	29.77	29.81	29.05	28.80	28.21	27.19	27.04	26.79	24.85	24.50	24.23	22.80	22.69	22.02	21.26	21.62	21.25
Goodwill	19.09	19.02	18.85	18.95	18.36	17.71	17.65	17.65	17.89	18.00	18.09	18.39	18.55	18.11	18.53	18.89	18.78
Intangible Assets	1.19	1.21	1.24	1.31	1.16	1.13	1.15	1.17	1.21	1.23	1.25	1.31	1.35	1.50	1.58	1.69	1.69
Total Non-current Assets*	79.41	79.73	77.84	77.14	75.45	73.66	73.83	74.04	71.30	70.95	70.61	70.92	70.47	70.62	69.54	70.79	70.03
Total Assets	112.19	110.65	106.56	105.35	101.74	100.51	99.53	100.04	99.95	95.91	93.04	94.46	93.10	92.96	93.25	92.39	91.22
Accounts Payable	24.50	24.33	24.76	24.34	22.41	23.79	22.86	22.07	23.72	22.01	21.56	22.54	21.19	20.36	20.06	19.36	18.02
Short-term Debt	10.60	10.15	6.74	12.06	9.10	6.52	8.29	8.16	8.94	7.61	4.28	3.11	6.03	5.46	4.23	4.26	4.67
Total Current Liabilities	35.11	34.48	31.50	36.40	31.51	30.32	31.15	30.23	32.66	29.62	25.84	25.65	27.22	25.82	25.08	23.62	22.69
Long-term Debt	42.61	42.58	44.11	39.33	39.42	38.49	36.64	37.71	35.84	36.01	37.49	36.14	33.25	34.59	37.02	38.03	38.99
Total Non-current Liabilities*	54.81	54.63	55.52	50.39	51.70	50.59	48.81	50.62	48.32	48.46	50.03	49.67	47.21	48.82	52.19	53.36	54.48
Total Liabilities	89.92	89.11	87.02	86.79	83.21	80.91	79.95	80.85	80.98	78.08	75.87	75.33	74.43	74.64	77.26	76.99	77.17
Retained Earnings	74.12	73.17	72.20	71.55	72.24	72.61	71.55	70.33	70.48	69.14	68.14	68.87	67.76	67.93	65.34	64.61	63.74
Total Stockholder Equity	22.10	21.38	19.39	18.42	18.39	19.45	19.45	19.05	18.81	17.68	17.04	18.98	18.55	18.20	15.87	15.30	13.95

* Derived from reported values

Income Statement

(in billions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	24.18	19.44	29.34	23.94	22.73	17.92	27.78	23.32	22.50	18.25	27.85	23.45	22.32	17.85	28.00	21.97	20.23	16.20	25.25	20.19
Cost of Revenue	11.07	8.71	13.72	11.11	10.30	7.93	13.18	10.40	9.92	8.25	13.10	10.68	10.12	7.99	13.42	10.31	9.41	7.43	12.13	9.39
Gross Profit	13.11	10.73	15.62	12.82	12.42	9.99	14.60	12.92	12.58	10.00	14.75	12.78	12.20	9.86	14.58	11.66	10.81	8.77	13.12	10.80
Selling, General & Admin	9.09	7.52	12.06	9.12	8.77	7.41	12.32	9.05	8.53	7.29	12.15	8.76	8.54	7.23	11.96	8.30	7.39	6.82	10.56	7.64
Total Operating Expenses	9.09	7.52	12.06	9.26	10.63	7.41	12.35	9.05	8.53	7.29	13.07	8.76	8.54	7.23	13.76	8.31	8.73	3.50	10.56	7.64
Operating Income	4.02	3.21	3.56	3.57	1.79	2.58	2.25	3.87	4.05	2.72	1.68	4.01	3.66	2.63	0.82	3.35	2.08	5.27	2.56	3.16
Interest Expense	0.23	0.30	0.33	0.26	0.26	0.26	0.26	0.22	0.23	0.20	0.22	0.20	0.20	0.20	0.27	0.19	0.24	0.24	1.13	0.23
Pretax Income	3.85	2.97	3.00	3.33	1.57	2.34	1.81	3.69	3.87	2.57	1.53	3.88	3.52	2.49	0.51	3.20	1.84	5.16	1.59	3.05
Tax Provision	0.85	0.63	0.45	0.71	0.29	0.50	0.28	0.75	0.78	0.52	0.21	0.76	0.75	0.55	(0.03)	0.48	0.39	0.89	0.25	0.80
Net Income	2.98	2.33	2.54	2.60	1.26	1.83	1.52	2.93	3.08	2.04	1.30	3.09	2.75	1.93	0.52	2.70	1.43	4.26	1.32	2.22
Basic EPS	2.18	1.70	1.86	1.90	0.92	1.34	1.11	2.13	2.24	1.49	0.95	2.25	1.99	1.40	0.38	1.96	1.03	3.08	0.95	1.61
Diluted EPS	2.18	1.70	1.85	1.90	0.92	1.33	1.11	2.13	2.23	1.48	0.93	2.24	1.99	1.40	0.38	1.95	1.03	3.06	0.95	1.60

Cash Flow Statement

(in billions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	2.32	0.04	6.62	4.47	1.97	(0.97)	6.29	4.91	2.36	(1.04)	5.81	5.61	2.41	(0.39)	4.51	4.43	2.06	(0.17)	4.98	4.29
Capital Expenditures	0.82	0.45	1.92	0.99	0.90	0.60	2.47	2.85	1.70	0.61	2.98	1.02	0.93	0.58	2.65	1.06	0.98	0.52	2.35	0.97
Free Cash Flow*	1.51	(0.41)	4.70	3.48	1.07	(1.58)	3.82	2.06	0.66	(1.65)	2.83	4.59	1.48	(0.97)	1.85	3.37	1.08	(0.70)	2.63	3.32
Investing Cash Flow	(0.91)	(0.48)	(1.64)	(1.11)	(2.89)	(1.23)	(2.51)	(1.51)	(0.89)	(0.56)	(3.12)	(0.96)	(0.89)	(0.53)	(2.74)	(1.86)	(0.78)	2.96	(2.24)	(0.91)
Financing Cash Flow	(1.79)	1.66	(3.97)	(2.88)	0.10	1.77	(2.27)	(2.38)	(2.91)	0.01	(3.04)	(0.66)	(0.09)	0.78	(2.92)	(1.47)	(2.35)	(1.78)	(3.56)	(2.28)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Dividends Per Share	1.48	1.42	1.42	1.42	1.42	1.36	1.36	1.36	1.36	1.26	1.26	1.26	1.26	1.15	1.15	1.15	1.15	1.08	1.08	1.08