Filing Flows › PepsiCo (PEP) › Gross margin
PepsiCo (PEP) gross margin by quarter
PepsiCo's gross margin was 54.4% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 7 quarters it ranged from 52.6% (Q4 2024) to 55.2% (Q1 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 54.4% | +0.2 pts | +0.8 pts |
| Q2 2026 | 54.2% | -1.0 pts | -0.4 pts |
| Q1 2026 | 55.2% | +2.0 pts | — |
| Q4 2025 | 53.2% | -0.3 pts | +0.7 pts |
| Q3 2025 | 53.6% | -1.1 pts | — |
| Q2 2025 | 54.7% | +2.1 pts | — |
| Q4 2024 | 52.6% | — | — |
Q3 2026 at a glance
PepsiCo, Q3 2026: revenue $25.3B (+6% year over year), operating margin 16.9%, net earnings $3.1B, operating cash flow $5.6B. The chart follows the revenue to costs, profit and cash.
Questions
What is PepsiCo's gross margin?
PepsiCo's gross margin was 54.4% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.
How has PepsiCo's gross margin changed?
Over the last 7 quarters it ranged from 52.6% (Q4 2024) to 55.2% (Q1 2026).