NASDAQ$PEP
PepsiCo · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
PepsiCo reported Q3 2025 net revenue of $23.9B with net income of $2.6B and diluted EPS of $1.90.
Net revenue was $23.9 billion for the quarter ended September 6, 2025, with net income of $2.6 billion and diluted EPS of $1.90. Global beverages and convenient foods faced mixed volume trends while pricing and productivity supported profitability.
- Q3 net revenue $23.9B; net income $2.6B; diluted EPS $1.90.
- Pricing and mix partially offset softer organic volume in select categories.
- International franchises and Frito-Lay North America remain key profit pools.
- Productivity programs support margin and cash-flow targets.
Headline financials
Revenue & EPS history
PepsiCo · Revenue · Quarterly
$23.9B
Revenue by segment
PepsiCo · $24.2B total across 6 segments · Q2 2026
- PepsiCo Beverages North America$7.24B—30.0%
- PepsiCo Foods North America$6.37B—26.3%
- Europe, Middle East and Africa$4.98B—20.6%
- Latin America Foods$2.94B—12.2%
- International Beverages Franchise$1.52B—6.3%
- Asia Pacific Foods$1.12B—4.6%
Forward guidance
The release discusses PepsiCo's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.
Tailwinds
- PepsiCo cites demand and execution supporting the near-term outlook.
- Liquidity and balance-sheet capacity support operations and shareholder returns.
Headwinds
- Macro, input costs, and FX may pressure margins quarter to quarter.
- Segment mix and one-time items can affect comparability versus prior periods.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.7%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.6%
Avg return
30 days after
64%
46 / 72 earnings
Positive
+7.4%
Q3 2022
Best reaction
-4.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | +0.8% | -4.2% | |
| Q4 2025 | +4.9% | +9.9% | +3.5% | |
| Q3 2025 | +4.0% | +9.1% | +3.0% | |
| Q2 2025 | +1.6% | -1.6% | +3.8% | |
| Q1 2025 | -4.9% | -5.6% | -9.1% | |
| Q4 2024 | -4.5% | -3.8% | +2.9% | |
| Q3 2024 | +3.2% | +4.5% | -1.9% | |
| Q2 2024 | +1.7% | +0.7% | +5.4% | |
| Q1 2024 | +0.5% | -0.5% | +1.6% | |
| Q4 2023 | -1.9% | -3.6% | -6.2% | |
| Q3 2023 | +0.8% | -0.8% | +3.0% | |
| Q2 2023 | +2.8% | +0.7% | +0.5% | |
| Q1 2023 | +1.6% | +2.9% | -0.9% | |
| Q4 2022 | +2.9% | +2.7% | +0.5% | |
| Q3 2022 | +7.4% | +6.2% | +9.5% | |
| Q2 2022 | -0.2% | +0.4% | +2.7% | |
| Q1 2022 | +0.6% | -1.2% | -2.1% | |
| Q4 2021 | -2.0% | -3.5% | -10.6% | |
| Q3 2021 | +3.2% | +3.9% | +9.4% | |
| Q2 2021 | +3.4% | +4.2% | +3.7% | |
| Q1 2021 | +1.4% | +2.5% | +3.2% | |
| Q4 2020 | -2.8% | -2.4% | -3.4% | |
| Q3 2020 | -0.4% | -2.1% | -3.8% | |
| Q2 2020 | +0.8% | +0.1% | +2.5% | |
| Q1 2020 | -0.8% | -3.2% | -1.6% | |
| Q4 2019 | +0.6% | -0.3% | -12.8% | |
| Q3 2019 | +4.7% | +2.5% | +2.2% | |
| Q2 2019 | +1.4% | +0.5% | -2.3% | |
| Q1 2019 | +3.8% | +3.3% | +6.6% | |
| Q4 2018 | +3.0% | +2.9% | +2.7% | |
| Q3 2018 | -2.9% | -3.8% | +0.7% | |
| Q2 2018 | +4.4% | +4.6% | +5.5% | |
| Q1 2018 | +0.6% | -2.0% | -0.8% | |
| Q4 2017 | -2.5% | -0.8% | +0.1% | |
| Q3 2017 | +1.2% | +0.8% | +1.0% | |
| Q2 2017 | +0.4% | +0.6% | +1.8% | |
| Q1 2017 | -1.3% | -1.6% | +3.3% | |
| Q4 2016 | +1.1% | +1.2% | +4.2% | |
| Q3 2016 | +1.3% | -0.3% | -0.3% | |
| Q2 2016 | +2.2% | +2.7% | +2.6% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +0.9% | — | — | |
| Q3 2015 | +2.8% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | -4.2% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | +5.0% | — | — | |
| Q4 2012 | +3.0% | — | — | |
| Q3 2012 | +0.7% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +2.3% | — | — | |
| Q2 2011 | -4.0% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | +3.1% | — | — | |
| Q1 2009 | +0.4% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q4 2007 | -1.4% | — | — | |
| Q2 2009 | -1.4% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q3 2008 | -0.9% | — | — | |
| Q3 2009 | -0.9% | — | — |
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