Pepsico annual operating expenses
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Pepsico Operating Expenses Growth & History (PEP)
Pepsico's operating expenses was $39.36B for fiscal 2025.
View full Pepsico company overviewPepsico annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-27 | $39.36B | $2.14B | +5.74% |
| 2024 | 2024-12-28 | $37.22B | −$381.0M | −1.01% |
| 2023 | 2023-12-30 | $37.60B | $3.30B | +9.62% |
| 2022 | 2022-12-31 | $34.30B | $3.07B | +9.82% |
| 2021 | 2021-12-25 | $31.24B | $2.74B | +9.62% |
| 2020 | 2020-12-26 | $28.50B | $1.76B | +6.57% |
| 2019 | 2019-12-28 | $26.74B | $1.57B | +6.23% |
| 2018 | 2018-12-29 | $25.17B | $717.0M | +2.93% |
| 2017 | 2017-12-30 | $24.45B | −$320.0M | −1.29% |
| 2016 | 2016-12-31 | $24.77B | −$1.20B | −4.62% |
| 2015 | 2015-12-26 | $25.97B | $108.0M | +0.42% |
| 2014 | 2014-12-27 | $25.86B | $397.0M | +1.56% |
| 2013 | 2013-12-28 | $25.47B | $378.0M | +1.51% |
| 2012 | 2012-12-29 | $25.09B | −$189.0M | −0.75% |
| 2011 | 2011-12-31 | $25.28B | $2.35B | +10.24% |
| 2010 | 2010-12-25 | $22.93B | $7.84B | +51.97% |
| 2009 | 2009-12-26 | $15.09B | −$852.0M | −5.34% |
| 2008 | 2008-12-27 | $15.94B | $1.69B | +11.84% |
| 2007 | 2007-12-29 | $14.25B | — | — |
Pepsico quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.09B | — | — |
| Q2 2026 | 2026-06-13 | $9.09B | — | — |
| Q1 2026 | 2026-03-31 | $7.52B | $108.0M | +1.46% |
| Q1 2026 | 2026-03-21 | $7.52B | $108.0M | +1.46% |
| Q4 2025 | 2025-12-27 | $12.06B | −$290.0M | −2.35% |
| Q3 2025 | 2025-09-30 | $9.12B | — | — |
| Q3 2025 | 2025-09-06 | $9.26B | $204.0M | +2.25% |
| Q2 2025 | 2025-06-30 | $8.77B | $239.0M | +2.80% |
| Q2 2025 | 2025-06-14 | $10.63B | $2.10B | +24.60% |
| Q1 2025 | 2025-03-22 | $7.41B | $125.0M | +1.72% |
| Q4 2024 | 2024-12-28 | $12.35B | −$717.0M | −5.49% |
| Q3 2024 | 2024-09-07 | $9.05B | $288.0M | +3.29% |
| Q2 2024 | 2024-06-15 | $8.53B | −$8.0M | −0.09% |
| Q1 2024 | 2024-03-23 | $7.29B | $56.0M | +0.77% |
| Q4 2023 | 2023-12-30 | $13.07B | −$691.0M | −5.02% |
| Q3 2023 | 2023-09-09 | $8.76B | $453.0M | +5.45% |
| Q2 2023 | 2023-06-17 | $8.54B | −$191.0M | −2.19% |
| Q1 2023 | 2023-03-25 | $7.23B | $3.73B | +106.54% |
| Q4 2022 | 2022-12-31 | $13.76B | $3.21B | +30.36% |
| Q3 2022 | 2022-09-03 | $8.31B | $674.0M | +8.83% |
| Q2 2022 | 2022-06-11 | $8.73B | $1.52B | +21.16% |
| Q1 2022 | 2022-03-19 | $3.50B | −$2.34B | −40.04% |
| Q4 2021 | 2021-12-25 | $10.56B | $1.35B | +14.70% |
| Q3 2021 | 2021-09-04 | $7.64B | $712.0M | +10.28% |
| Q2 2021 | 2021-06-12 | $7.21B | $670.0M | +10.25% |
| Q1 2021 | 2021-03-20 | $5.84B | $7.0M | +0.12% |
| Q4 2020 | 2020-12-26 | $9.20B | $608.0M | +7.07% |
| Q3 2020 | 2020-09-05 | $6.92B | $285.0M | +4.29% |
| Q2 2020 | 2020-06-13 | $6.54B | $222.0M | +3.51% |
| Q1 2020 | 2020-03-21 | $5.83B | $642.0M | +12.37% |
| Q4 2019 | 2019-12-28 | $8.60B | $438.0M | +5.37% |
| Q3 2019 | 2019-09-07 | $6.64B | $525.0M | +8.59% |
| Q2 2019 | 2019-06-15 | $6.32B | $517.0M | +8.92% |
| Q1 2019 | 2019-03-23 | $5.19B | $88.0M | +1.73% |
| Q4 2018 | 2018-12-29 | $8.16B | $280.0M | +3.55% |
| Q3 2018 | 2018-09-08 | $6.11B | $166.0M | +2.79% |
| Q2 2018 | 2018-06-16 | $5.80B | $67.0M | +1.17% |
| Q1 2018 | 2018-03-24 | $5.10B | $204.0M | +4.17% |
| Q4 2017 | 2017-12-30 | $7.88B | −$281.0M | −3.44% |
| Q3 2017 | 2017-09-09 | $5.95B | $26.0M | +0.44% |
| Q2 2017 | 2017-06-17 | $5.73B | $131.0M | +2.34% |
| Q1 2017 | 2017-03-25 | $4.90B | −$196.0M | −3.85% |
| Q4 2016 | 2016-12-31 | $8.16B | $300.0M | +3.82% |
| Q3 2016 | 2016-09-03 | $5.92B | −$1.50B | −20.24% |
| Q2 2016 | 2016-06-11 | $5.60B | −$171.0M | −2.96% |
| Q1 2016 | 2016-03-19 | $5.09B | $175.0M | +3.56% |
| Q4 2015 | 2015-12-26 | $7.86B | −$341.0M | −4.16% |
| Q3 2015 | 2015-09-05 | $7.42B | $1.05B | +16.45% |
| Q2 2015 | 2015-06-13 | $5.77B | −$448.0M | −7.20% |
| Q1 2015 | 2015-03-21 | $4.92B | −$152.0M | −3.00% |
| Q4 2014 | 2014-12-27 | $8.20B | $44.0M | +0.54% |
| Q3 2014 | 2014-09-06 | $6.38B | $193.0M | +3.12% |
| Q2 2014 | 2014-06-14 | $6.22B | $180.0M | +2.98% |
| Q1 2014 | 2014-03-22 | $5.07B | −$20.0M | −0.39% |
| Q4 2013 | 2013-12-28 | $8.15B | $68.0M | +0.84% |
| Q3 2013 | 2013-09-07 | $6.18B | $164.0M | +2.72% |
| Q2 2013 | 2013-06-15 | $6.04B | −$126.0M | −2.04% |
| Q1 2013 | 2013-03-23 | $5.09B | $272.0M | +5.65% |
| Q4 2012 | 2012-12-29 | $8.09B | −$93.0M | −1.14% |
| Q3 2012 | 2012-09-08 | $6.02B | −$205.0M | −3.29% |
| Q2 2012 | 2012-06-16 | $6.17B | $56.0M | +0.92% |
| Q1 2012 | 2012-03-24 | $4.82B | $53.0M | +1.11% |
| Q4 2011 | 2011-12-31 | $8.18B | $615.0M | +8.13% |
| Q3 2011 | 2011-09-03 | $6.22B | $518.0M | +9.08% |
| Q2 2011 | 2011-06-11 | $6.11B | $515.0M | +9.20% |
| Q1 2011 | 2011-03-19 | $4.76B | $699.0M | +17.20% |
| Q4 2010 | 2010-12-25 | $7.57B | $2.60B | +52.21% |
| Q3 2010 | 2010-09-04 | $5.71B | $2.04B | +55.60% |
| Q2 2010 | 2010-06-12 | $5.59B | $2.07B | +58.90% |
| Q1 2010 | 2010-03-20 | $4.07B | $1.13B | +38.69% |
| Q4 2009 | 2009-12-26 | $4.97B | — | — |
| Q3 2009 | 2009-09-05 | $3.67B | −$318.0M | −7.98% |
| Q2 2009 | 2009-06-13 | $3.52B | — | — |
| Q1 2009 | 2009-03-21 | $2.93B | — | — |
| Q3 2008 | 2008-09-06 | $3.98B | — | — |
Pepsico operating expenses trends
Over the last five fiscal years, Pepsico's operating expenses increased from $28.50B to $39.36B, a change of $10.87B. The latest reported quarter, Q2 2026, shows $9.09B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pepsico source filings ↗