Pepsico annual free cash flow
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2024
2025
Pepsico Free Cash Flow (FCF) History (PEP)
Pepsico reported $7.67B in free cash flow for fiscal 2025, an increase of 6.72% from the previous fiscal year, with a free cash flow margin of 8.17%.
View full Pepsico company overviewPepsico free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-27 | $7.67B | $483.0M | +6.72% | +8.17% |
| 2024 | 2024-12-28 | $7.19B | −$735.0M | −9.28% | +7.83% |
| 2023 | 2023-12-30 | $7.92B | $2.32B | +41.40% | +8.66% |
| 2022 | 2022-12-31 | $5.60B | −$1.39B | −19.84% | +6.49% |
| 2021 | 2021-12-25 | $6.99B | $618.0M | +9.70% | +8.80% |
| 2020 | 2020-12-26 | $6.37B | $956.0M | +17.65% | +9.06% |
| 2019 | 2019-12-28 | $5.42B | −$716.0M | −11.67% | +8.07% |
| 2018 | 2018-12-29 | $6.13B | −$928.0M | −13.14% | +9.48% |
| 2017 | 2017-12-30 | $7.06B | −$562.0M | −7.37% | +11.12% |
| 2016 | 2016-12-31 | $7.62B | −$483.0M | −5.96% | +12.14% |
| 2015 | 2015-12-26 | $8.11B | $459.0M | +6.00% | +12.86% |
| 2014 | 2014-12-27 | $7.65B | $754.0M | +10.94% | +11.47% |
| 2013 | 2013-12-28 | $6.89B | $1.13B | +19.57% | +10.38% |
| 2012 | 2012-12-29 | $5.76B | $160.0M | +2.85% | +8.80% |
| 2011 | 2011-12-31 | $5.61B | $410.0M | +7.89% | +8.43% |
| 2010 | 2010-12-25 | $5.20B | $527.0M | +11.29% | +8.98% |
| 2009 | 2009-12-26 | $4.67B | $115.0M | +2.53% | +10.80% |
| 2008 | 2008-12-27 | $4.55B | $49.0M | +1.09% | +10.53% |
| 2007 | 2007-12-29 | $4.50B | — | — | +11.41% |
Pepsico quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-13 | $1.50B | $440.0M | +41.31% | +6.22% |
| Q1 2026 | 2026-03-21 | −$406.0M | $1.17B | — | −2.09% |
| Q4 2025 | 2025-12-27 | $4.70B | $884.0M | +23.15% | +16.03% |
| Q3 2025 | 2025-09-06 | $3.48B | −$276.0M | −7.35% | +14.54% |
| Q2 2025 | 2025-06-14 | $1.06B | −$204.0M | −16.08% | +4.69% |
| Q1 2025 | 2025-03-22 | −$1.58B | $79.0M | — | −8.80% |
| Q4 2024 | 2024-12-28 | $3.82B | $988.0M | +34.90% | +13.75% |
| Q3 2024 | 2024-09-07 | $3.76B | −$831.0M | −18.12% | +16.11% |
| Q2 2024 | 2024-06-15 | $1.27B | −$210.0M | −14.20% | +5.64% |
| Q1 2024 | 2024-03-23 | −$1.66B | −$682.0M | — | −9.07% |
| Q4 2023 | 2023-12-30 | $2.83B | $977.0M | +52.70% | +10.17% |
| Q3 2023 | 2023-09-09 | $4.59B | $1.22B | +36.19% | +19.56% |
| Q2 2023 | 2023-06-17 | $1.48B | $401.0M | +37.20% | +6.63% |
| Q1 2023 | 2023-03-25 | −$973.0M | −$277.0M | — | −5.45% |
| Q4 2022 | 2022-12-31 | $1.85B | −$779.0M | −29.59% | +6.62% |
| Q3 2022 | 2022-09-03 | $3.37B | $45.0M | +1.35% | +15.33% |
| Q2 2022 | 2022-06-11 | $1.08B | −$1.15B | −51.55% | +5.33% |
| Q1 2022 | 2022-03-19 | −$696.0M | $494.0M | — | −4.30% |
| Q4 2021 | 2021-12-25 | $2.63B | $309.0M | +13.30% | +10.43% |
| Q3 2021 | 2021-09-04 | $3.32B | −$452.0M | −11.97% | +16.46% |
| Q2 2021 | 2021-06-12 | $2.23B | $718.0M | +47.64% | +11.58% |
| Q1 2021 | 2021-03-20 | −$1.19B | $43.0M | — | −8.03% |
| Q4 2020 | 2020-12-26 | $2.32B | $11.0M | +0.48% | +10.35% |
| Q3 2020 | 2020-09-05 | $3.77B | $892.0M | +30.94% | +20.87% |
| Q2 2020 | 2020-06-13 | $1.51B | $499.0M | +49.50% | +9.45% |
| Q1 2020 | 2020-03-21 | −$1.23B | −$446.0M | — | −8.88% |
| Q4 2019 | 2019-12-28 | $2.31B | −$666.0M | −22.36% | +11.21% |
| Q3 2019 | 2019-09-07 | $2.88B | −$129.0M | −4.28% | +16.77% |
| Q2 2019 | 2019-06-15 | $1.01B | −$795.0M | −44.09% | +6.13% |
| Q1 2019 | 2019-03-23 | −$787.0M | $874.0M | — | −6.11% |
| Q4 2018 | 2018-12-29 | $2.98B | $531.0M | +21.69% | +15.26% |
| Q3 2018 | 2018-09-08 | $3.01B | −$228.0M | −7.04% | +18.27% |
| Q2 2018 | 2018-06-16 | $1.80B | −$80.0M | −4.25% | +11.21% |
| Q1 2018 | 2018-03-24 | −$1.66B | −$1.15B | — | −13.22% |
| Q4 2017 | 2017-12-30 | $2.45B | $83.0M | +3.51% | +12.54% |
| Q3 2017 | 2017-09-09 | $3.24B | $170.0M | +5.54% | +19.95% |
| Q2 2017 | 2017-06-17 | $1.88B | −$389.0M | −17.12% | +11.99% |
| Q1 2017 | 2017-03-25 | −$510.0M | −$426.0M | — | −4.23% |
| Q4 2016 | 2016-12-31 | $2.37B | −$429.0M | −15.35% | +12.12% |
| Q3 2016 | 2016-09-03 | $3.07B | −$313.0M | −9.25% | +19.16% |
| Q2 2016 | 2016-06-11 | $2.27B | $343.0M | +17.78% | +14.76% |
| Q1 2016 | 2016-03-19 | −$84.0M | −$84.0M | — | −0.71% |
| Q4 2015 | 2015-12-26 | $2.79B | $300.0M | +12.03% | +15.03% |
| Q3 2015 | 2015-09-05 | $3.38B | −$19.0M | −0.56% | +20.72% |
| Q2 2015 | 2015-06-13 | $1.93B | $4.0M | +0.21% | +12.11% |
| Q1 2015 | 2015-03-21 | $0 | $174.0M | — | 0.00% |
| Q4 2014 | 2014-12-27 | $2.49B | $766.0M | +44.33% | +12.50% |
| Q3 2014 | 2014-09-06 | $3.40B | $341.0M | +11.14% | +19.76% |
| Q2 2014 | 2014-06-14 | $1.93B | $220.0M | +12.90% | +11.39% |
| Q1 2014 | 2014-03-22 | −$174.0M | −$573.0M | — | −1.38% |
| Q4 2013 | 2013-12-28 | $1.73B | −$328.0M | −15.95% | +8.59% |
| Q3 2013 | 2013-09-07 | $3.06B | −$302.0M | −8.98% | +18.10% |
| Q2 2013 | 2013-06-15 | $1.71B | $353.0M | +26.11% | +10.14% |
| Q1 2013 | 2013-03-23 | $399.0M | $1.41B | — | +3.17% |
| Q4 2012 | 2012-12-29 | $2.06B | $323.0M | +18.64% | +10.30% |
| Q3 2012 | 2012-09-08 | $3.36B | $613.0M | +22.29% | +20.20% |
| Q2 2012 | 2012-06-16 | $1.35B | $177.0M | +15.06% | +8.21% |
| Q1 2012 | 2012-03-24 | −$1.01B | −$953.0M | — | −8.09% |
| Q4 2011 | 2011-12-31 | $1.73B | $656.0M | +60.91% | +8.60% |
| Q3 2011 | 2011-09-03 | $2.75B | $106.0M | +4.01% | +15.64% |
| Q2 2011 | 2011-06-11 | $1.18B | −$332.0M | −22.03% | +6.98% |
| Q1 2011 | 2011-03-19 | −$53.0M | −$20.0M | — | −0.44% |
| Q4 2010 | 2010-12-25 | $1.08B | −$326.0M | −23.24% | +5.93% |
| Q3 2010 | 2010-09-04 | $2.64B | $136.0M | +5.42% | +17.04% |
| Q2 2010 | 2010-06-12 | $1.51B | $186.0M | +14.08% | +10.18% |
| Q1 2010 | 2010-03-20 | −$33.0M | $531.0M | — | −0.35% |
| Q4 2009 | 2009-12-26 | $1.40B | — | — | +10.55% |
| Q3 2009 | 2009-09-05 | $2.51B | — | — | +22.64% |
| Q2 2009 | 2009-06-13 | $1.32B | — | — | +12.47% |
| Q1 2009 | 2009-03-21 | −$564.0M | — | — | −6.83% |
Pepsico free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $6.37B to $7.67B, a compound annual growth rate of 3.78%. Pepsico's latest reported quarter, Q2 2026, generated $1.50B in free cash flow, an increase of 41.31% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Pepsico filings at SEC.gov ↗