PepsiCo, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.93B | $91.85B | $91.47B | $86.39B | $79.47B | $70.37B | $67.16B | $64.66B |
| Cost of Revenue | $43.07B | $41.74B | $41.88B | $40.58B | $37.08B | $31.80B | $30.13B | $29.38B |
| Gross Profit | $50.86B | $50.11B | $49.59B | $45.82B | $42.40B | $38.58B | $37.03B | $35.28B |
| Gross Margin | 54.1% | 54.6% | 54.2% | 53.0% | 53.3% | 54.8% | 55.1% | 54.6% |
| Operating Expenses | ||||||||
| Research & Development | $839.0M | $813.0M | $804.0M | $771.0M | $752.0M | $719.0M | $711.0M | $680.0M |
| SG&A Expense | $37.37B | $37.19B | $36.68B | $34.46B | $31.24B | $28.45B | $26.74B | $25.17B |
| Operating Income | $11.50B | $12.89B | $11.99B | $11.51B | $11.16B | $10.08B | $10.29B | $10.11B |
| Operating Margin | 12.2% | 14.0% | 13.1% | 13.3% | 14.0% | 14.3% | 15.3% | 15.6% |
| Interest Expense | $1.12B | $919.0M | $819.0M | $939.0M | $1.86B | $1.13B | $935.0M | $1.22B |
| Pretax Income | $10.24B | $11.95B | $11.42B | $10.71B | $9.82B | $9.07B | $9.31B | $9.19B |
| Income Tax Expense | $1.95B | $2.32B | $2.26B | $1.73B | $2.14B | $1.89B | $1.96B | $-3.37B |
| Net Income | $8.24B | $9.58B | $9.07B | $8.91B | $7.62B | $7.12B | $7.31B | $12.52B |
| Net Margin | 8.8% | 10.4% | 9.9% | 10.3% | 9.6% | 10.1% | 10.9% | 19.4% |
| EPS (Basic) | $6.02 | $6.97 | $6.59 | $6.45 | $5.51 | $5.14 | $5.23 | $8.84 |
| EPS (Diluted) | $6.00 | $6.95 | $6.56 | $6.42 | $5.49 | $5.12 | $5.20 | $8.78 |
| Shares Outstanding (Basic) | 1.37B | 1.37B | 1.38B | 1.38B | 1.38B | 1.39B | 1.40B | 1.42B |
| Shares Outstanding (Diluted) | 1.37B | 1.38B | 1.38B | 1.39B | 1.39B | 1.39B | 1.41B | 1.43B |
| Dividends Per Share | $5.62 | $5.33 | $4.95 | $4.53 | $4.25 | $4.02 | $3.79 | $3.59 |