Pepsico annual gross margin
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Pepsico Gross Margin Growth & History (PEP)
Pepsico's gross margin was 54.15% for fiscal 2025.
View full Pepsico company overviewPepsico annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-27 | 54.15% | −0.41 pp |
| 2024 | 2024-12-28 | 54.55% | +0.34 pp |
| 2023 | 2023-12-30 | 54.21% | +1.18 pp |
| 2022 | 2022-12-31 | 53.03% | −0.32 pp |
| 2021 | 2021-12-25 | 53.35% | −1.47 pp |
| 2020 | 2020-12-26 | 54.82% | −0.32 pp |
| 2019 | 2019-12-28 | 55.13% | +0.57 pp |
| 2018 | 2018-12-29 | 54.56% | −0.11 pp |
| 2017 | 2017-12-30 | 54.67% | −0.39 pp |
| 2016 | 2016-12-31 | 55.06% | +0.62 pp |
| 2015 | 2015-12-26 | 54.44% | +1.28 pp |
| 2014 | 2014-12-27 | 53.15% | +0.20 pp |
| 2013 | 2013-12-28 | 52.96% | +0.74 pp |
| 2012 | 2012-12-29 | 52.22% | — |
Pepsico quarterly gross margin
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Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
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Q2.22
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Q1.23
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Q4.23
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Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-13 | 54.22% | −0.44 pp |
| Q1 2026 | 2026-03-21 | 55.19% | −0.58 pp |
| Q4 2025 | 2025-12-27 | 53.23% | +0.67 pp |
| Q3 2025 | 2025-09-06 | 53.57% | −1.84 pp |
| Q2 2025 | 2025-06-14 | 54.66% | −1.26 pp |
| Q1 2025 | 2025-03-22 | 55.77% | +0.96 pp |
| Q4 2024 | 2024-12-28 | 52.56% | −0.41 pp |
| Q3 2024 | 2024-09-07 | 55.42% | +0.93 pp |
| Q2 2024 | 2024-06-15 | 55.92% | +1.26 pp |
| Q1 2024 | 2024-03-23 | 54.81% | −0.43 pp |
| Q4 2023 | 2023-12-30 | 52.97% | +0.91 pp |
| Q3 2023 | 2023-09-09 | 54.48% | +1.40 pp |
| Q2 2023 | 2023-06-17 | 54.66% | +1.21 pp |
| Q1 2023 | 2023-03-25 | 55.24% | +1.12 pp |
| Q4 2022 | 2022-12-31 | 52.06% | +0.11 pp |
| Q3 2022 | 2022-09-03 | 53.08% | −0.39 pp |
| Q2 2022 | 2022-06-11 | 53.45% | −0.34 pp |
| Q1 2022 | 2022-03-19 | 54.12% | −0.87 pp |
| Q4 2021 | 2021-12-25 | 51.96% | −1.61 pp |
| Q3 2021 | 2021-09-04 | 53.47% | −1.45 pp |
| Q2 2021 | 2021-06-12 | 53.79% | −1.76 pp |
| Q1 2021 | 2021-03-20 | 54.99% | −0.87 pp |
| Q4 2020 | 2020-12-26 | 53.57% | −1.15 pp |
| Q3 2020 | 2020-09-05 | 54.92% | −0.32 pp |
| Q2 2020 | 2020-06-13 | 55.55% | +0.56 pp |
| Q1 2020 | 2020-03-21 | 55.86% | +0.01 pp |
| Q4 2019 | 2019-12-28 | 54.72% | +0.49 pp |
| Q3 2019 | 2019-09-07 | 55.24% | +0.90 pp |
| Q2 2019 | 2019-06-15 | 54.99% | +0.13 pp |
| Q1 2019 | 2019-03-23 | 55.85% | +0.87 pp |
| Q4 2018 | 2018-12-29 | 54.23% | +0.73 pp |
| Q3 2018 | 2018-09-08 | 54.34% | −0.29 pp |
| Q2 2018 | 2018-06-16 | 54.86% | −0.21 pp |
| Q1 2018 | 2018-03-24 | 54.98% | −1.11 pp |
| Q4 2017 | 2017-12-30 | 53.50% | −0.60 pp |
| Q3 2017 | 2017-09-09 | 54.63% | +0.08 pp |
| Q2 2017 | 2017-06-17 | 55.07% | −0.57 pp |
| Q1 2017 | 2017-03-25 | 56.10% | −0.48 pp |
| Q4 2016 | 2016-12-31 | 54.10% | −0.23 pp |
| Q3 2016 | 2016-09-03 | 54.55% | +0.42 pp |
| Q2 2016 | 2016-06-11 | 55.63% | +1.17 pp |
| Q1 2016 | 2016-03-19 | 56.58% | +1.62 pp |
| Q4 2015 | 2015-12-26 | 54.33% | +3.05 pp |
| Q3 2015 | 2015-09-05 | 54.14% | +0.57 pp |
| Q2 2015 | 2015-06-13 | 54.46% | +0.50 pp |
| Q1 2015 | 2015-03-21 | 54.96% | +0.48 pp |
| Q4 2014 | 2014-12-27 | 51.28% | — |
| Q3 2014 | 2014-09-06 | 53.57% | — |
| Q2 2014 | 2014-06-14 | 53.96% | — |
| Q1 2014 | 2014-03-22 | 54.47% | — |
Pepsico gross margin trends
Over the last five reported fiscal years, Pepsico's gross margin decreased from 54.82% to 54.15%, a change of −0.67 percentage points. The latest reported quarter, Q2 2026, shows 54.22%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pepsico filings at SEC.gov ↗