SuperworthPepsiCo profit margin PEP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2008.
- Net margin, 12 months
- 11.1%
- Operating margin, 12 months
- 15.3%
- Net margin on a year earlier
- +3.3 pts
- Peer median
- 23.1%
Over the twelve months to Sep 5, 2026, PepsiCo kept 11.1% of its revenue as net profit, with an operating margin of 15.3% and a gross margin of 54.2%.
Five years earlier its net margin was 10.6%.
The median for 3 non-alcoholic beverage stocks of a similar size is 23.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.8% | 12.2% | 54.1% |
| FY2024 | 10.4% | 14.0% | 54.6% |
| FY2023 | 9.9% | 13.1% | 54.2% |
| FY2022 | 10.3% | 13.3% | 53.0% |
| FY2021 | 9.6% | 14.0% | 53.3% |
| FY2020 | 10.1% | 14.3% | 54.8% |
| FY2019 | 10.9% | 15.3% | 55.1% |
| FY2018 | 19.4% | 15.6% | 54.6% |
| FY2017 | 7.6% | 16.2% | 54.7% |
| FY2016 | 10.1% | 15.6% | 55.1% |
| FY2015 | 8.6% | 13.2% | 54.4% |
| FY2014 | 9.8% | 14.4% | 53.7% |
| FY2013 | 10.1% | 14.6% | 53.0% |
| FY2012 | 9.4% | 13.9% | 52.2% |
| FY2011 | 9.7% | 14.5% | 52.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 11.1% | +3.3 pts | 15.3% | |
| Q2 FY26 | 10.8% | +2.6 pts | 14.8% | |
| Q1 FY26 | 9.1% | −1.1 pts | 12.7% | |
| Q4 FY25 | 8.8% | −1.7 pts | 12.2% | |
| Q3 FY25 | 7.8% | −2.4 pts | 11.0% | |
| Q2 FY25 | 8.2% | −2.1 pts | 11.4% | |
| Q1 FY25 | 10.2% | +0.2 pts | 13.9% | |
| Q4 FY24 | 10.4% | +0.5 pts | 14.0% | |
| Q3 FY24 | 10.2% | +1.1 pts | 13.4% | |
| Q2 FY24 | 10.3% | +1.6 pts | 13.5% | |
| Q1 FY24 | 10.0% | +2.5 pts | 13.1% | |
| Q4 FY23 | 9.9% | −0.4 pts | 13.1% |
Against its peers
Companies in Beverages - Non-Alcoholic nearest PepsiCo's size, closest first, today.
| Company | Profit margin |
|---|---|
| PEPPepsiCo | 11.1% |
| MNSTMonster Beverage | 23.1% |
| KOCoca-Cola | 28.6% |
| KDPKeurig Dr Pepper | 7.1% |
| Peer median | 23.1% |
Where PepsiCo ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on PepsiCo
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.