Filing Flows › PepsiCo (PEP) › Operating margin
PepsiCo (PEP) operating margin by quarter
PepsiCo's operating margin was 16.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 7 quarters it ranged from 7.9% (Q2 2025) to 16.9% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 16.9% | +0.2 pts | +1.9 pts |
| Q2 2026 | 16.6% | +0.1 pts | +8.8 pts |
| Q1 2026 | 16.5% | +4.4 pts | — |
| Q4 2025 | 12.1% | -2.8 pts | +4.0 pts |
| Q3 2025 | 14.9% | +7.0 pts | — |
| Q2 2025 | 7.9% | -0.2 pts | — |
| Q4 2024 | 8.1% | — | — |
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 operating margin?
PepsiCo's operating margin was 16.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.
How has PepsiCo's operating margin changed?
Over the last 7 quarters it ranged from 7.9% (Q2 2025) to 16.9% (Q3 2026).