Pepsico annual net debt
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2025
Pepsico Net Debt Growth & History (PEP)
Pepsico's net debt was $43.87B for fiscal 2025.
View full Pepsico company overviewPepsico annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-27 | $43.87B | $4.62B | +11.78% |
| 2024 | 2024-12-28 | $39.25B | $1.90B | +5.08% |
| 2023 | 2023-12-30 | $37.35B | $817.0M | +2.24% |
| 2022 | 2022-12-31 | $36.53B | −$249.0M | −0.68% |
| 2021 | 2021-12-25 | $36.78B | −$876.0M | −2.33% |
| 2020 | 2020-12-26 | $37.66B | $9.54B | +33.92% |
| 2019 | 2019-12-28 | $28.12B | $4.52B | +19.15% |
| 2018 | 2018-12-29 | $23.60B | −$5.07B | −17.69% |
| 2017 | 2017-12-30 | $28.67B | $884.0M | +3.18% |
| 2016 | 2016-12-31 | $27.79B | $3.60B | +14.88% |
| 2015 | 2015-12-26 | $24.19B | $1.43B | +6.26% |
| 2014 | 2014-12-27 | $22.76B | $2.50B | +12.33% |
| 2013 | 2013-12-28 | $20.26B | −$1.80B | −8.15% |
| 2012 | 2012-12-29 | $22.06B | −$644.0M | −2.84% |
| 2011 | 2011-12-31 | $22.71B | $3.75B | +19.80% |
| 2010 | 2010-12-25 | $18.95B | $14.93B | +371.14% |
| 2009 | 2009-12-26 | $4.02B | −$2.14B | −34.72% |
| 2008 | 2008-12-27 | $6.16B | — | — |
Pepsico quarterly net debt
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Q3.09
Q4.09
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Q1.26
Q2.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $42.96B | — | — |
| Q2 2026 | 2026-06-13 | $42.96B | — | — |
| Q1 2026 | 2026-03-31 | $42.25B | $2.00B | +4.98% |
| Q1 2026 | 2026-03-21 | $42.25B | $2.00B | +4.98% |
| Q4 2025 | 2025-12-27 | $43.87B | $4.62B | +11.78% |
| Q3 2025 | 2025-09-30 | $42.72B | — | — |
| Q3 2025 | 2025-09-06 | $42.72B | $5.02B | +13.31% |
| Q2 2025 | 2025-06-30 | $43.75B | $5.18B | +13.43% |
| Q2 2025 | 2025-06-14 | $43.75B | $5.18B | +13.43% |
| Q1 2025 | 2025-03-22 | $40.25B | $2.43B | +6.42% |
| Q4 2024 | 2024-12-28 | $39.25B | $1.90B | +5.08% |
| Q3 2024 | 2024-09-07 | $37.71B | $2.95B | +8.48% |
| Q2 2024 | 2024-06-15 | $38.57B | $1.07B | +2.85% |
| Q1 2024 | 2024-03-23 | $37.82B | $824.0M | +2.23% |
| Q4 2023 | 2023-12-30 | $37.35B | $817.0M | +2.24% |
| Q3 2023 | 2023-09-09 | $34.76B | $1.93B | +5.87% |
| Q2 2023 | 2023-06-17 | $37.51B | $3.63B | +10.72% |
| Q1 2023 | 2023-03-25 | $37.00B | $3.51B | +10.48% |
| Q4 2022 | 2022-12-31 | $36.53B | −$249.0M | −0.68% |
| Q3 2022 | 2022-09-03 | $32.83B | −$1.92B | −5.53% |
| Q2 2022 | 2022-06-11 | $33.87B | −$2.98B | −8.07% |
| Q1 2022 | 2022-03-19 | $33.49B | −$4.52B | −11.88% |
| Q4 2021 | 2021-12-25 | $36.78B | −$876.0M | −2.33% |
| Q3 2021 | 2021-09-04 | $34.75B | −$726.0M | −2.05% |
| Q2 2021 | 2021-06-12 | $36.85B | $798.0M | +2.21% |
| Q1 2021 | 2021-03-20 | $38.00B | $7.85B | +26.03% |
| Q4 2020 | 2020-12-26 | $37.66B | $9.54B | +33.92% |
| Q3 2020 | 2020-09-05 | $35.48B | $6.92B | +24.25% |
| Q2 2020 | 2020-06-13 | $36.05B | $6.69B | +22.78% |
| Q1 2020 | 2020-03-21 | $30.15B | $2.03B | +7.21% |
| Q4 2019 | 2019-12-28 | $28.12B | $4.52B | +19.15% |
| Q3 2019 | 2019-09-07 | $28.55B | $5.43B | +23.47% |
| Q2 2019 | 2019-06-15 | $29.36B | $2.63B | +9.83% |
| Q1 2019 | 2019-03-23 | $28.13B | −$1.96B | −6.52% |
| Q4 2018 | 2018-12-29 | $23.60B | −$5.07B | −17.69% |
| Q3 2018 | 2018-09-08 | $23.13B | −$5.80B | −20.05% |
| Q2 2018 | 2018-06-16 | $26.73B | −$2.47B | −8.45% |
| Q1 2018 | 2018-03-24 | $30.09B | $958.0M | +3.29% |
| Q4 2017 | 2017-12-30 | $28.67B | $884.0M | +3.18% |
| Q3 2017 | 2017-09-09 | $28.93B | $3.58B | +14.11% |
| Q2 2017 | 2017-06-17 | $29.20B | $3.23B | +12.42% |
| Q1 2017 | 2017-03-25 | $29.13B | $2.17B | +8.04% |
| Q4 2016 | 2016-12-31 | $27.79B | $3.60B | +14.88% |
| Q3 2016 | 2016-09-03 | $25.35B | $2.21B | +9.53% |
| Q2 2016 | 2016-06-11 | $25.98B | $2.08B | +8.70% |
| Q1 2016 | 2016-03-19 | $26.96B | $3.01B | +12.55% |
| Q4 2015 | 2015-12-26 | $24.19B | $1.43B | +6.26% |
| Q3 2015 | 2015-09-05 | $23.14B | −$2.31B | −9.09% |
| Q2 2015 | 2015-06-13 | $23.90B | −$1.34B | −5.33% |
| Q1 2015 | 2015-03-21 | $23.95B | $1.72B | +7.75% |
| Q4 2014 | 2014-12-27 | $22.76B | $2.50B | +12.33% |
| Q3 2014 | 2014-09-06 | $25.46B | $5.12B | +25.14% |
| Q2 2014 | 2014-06-14 | $25.24B | $3.52B | +16.23% |
| Q1 2014 | 2014-03-22 | $22.23B | −$452.0M | −1.99% |
| Q4 2013 | 2013-12-28 | $20.26B | −$1.80B | −8.15% |
| Q3 2013 | 2013-09-07 | $20.34B | −$2.29B | −10.11% |
| Q2 2013 | 2013-06-15 | $21.72B | −$2.75B | −11.25% |
| Q1 2013 | 2013-03-23 | $22.68B | −$1.54B | −6.36% |
| Q4 2012 | 2012-12-29 | $22.06B | −$644.0M | −2.84% |
| Q3 2012 | 2012-09-08 | $22.63B | −$1.13B | −4.77% |
| Q2 2012 | 2012-06-16 | $24.47B | $60.0M | +0.25% |
| Q1 2012 | 2012-03-24 | $24.23B | $689.0M | +2.93% |
| Q4 2011 | 2011-12-31 | $22.71B | $3.75B | +19.80% |
| Q3 2011 | 2011-09-03 | $23.77B | $3.53B | +17.44% |
| Q2 2011 | 2011-06-11 | $24.41B | $4.86B | +24.85% |
| Q1 2011 | 2011-03-19 | $23.54B | $5.63B | +31.42% |
| Q4 2010 | 2010-12-25 | $18.95B | $14.93B | +371.14% |
| Q3 2010 | 2010-09-04 | $20.24B | $15.55B | +331.42% |
| Q2 2010 | 2010-06-12 | $19.55B | — | — |
| Q1 2010 | 2010-03-20 | $17.91B | — | — |
| Q4 2009 | 2009-12-26 | $4.02B | −$2.14B | −34.72% |
| Q3 2009 | 2009-09-05 | $4.69B | — | — |
| Q4 2008 | 2008-12-27 | $6.16B | — | — |
Pepsico net debt trends
Over the last five fiscal years, Pepsico's net debt increased from $37.66B to $43.87B, a change of $6.21B. The latest reported quarter, Q2 2026, shows $42.96B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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