Filing Flows › PepsiCo (PEP) › Q2 2026 › vs Q1 2026
PepsiCo (PEP) Q2 2026 vs Q1 2026 (quarter over quarter)
PepsiCo's revenue rose $4.7B (+24%) from $19.4B in Q1 2026 to $24.2B in Q2 2026. Gross margin 54.2% against 55.2% (-1.0 pts).
PepsiCo, Q2 2026: revenue $24.2B (+6% year over year), operating margin 16.6%, net earnings $3.0B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.2% | 55.2% | -1.0 pts |
| Operating margin | 16.6% | 16.5% | +0.1 pts |
| Net margin | 12.4% | 12.0% | +0.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $24.2B | $19.4B | $4.7B | +24% |
| Gross profit | $13.1B | $10.7B | $2.4B | +22% |
| Cost of revenue | $11.1B | $8.7B | $2.4B | +27% |
| Operating profit | $4.0B | $3.2B | $810M | +25% |
| Operating expenses | $9.1B | $7.5B | $1.6B | +21% |
| Pre-tax earnings | $3.9B | $3.0B | $882M | +30% |
| Other expense, net | $171M | $243M | −$72.0M | -30% |
| Net earnings | $3.0B | $2.3B | $666M | +28% |
| Income tax | $848M | $632M | $216M | +34% |
Questions
How much did PepsiCo's revenue grow quarter over quarter in Q2 2026?
PepsiCo's revenue rose $4.7B (+24%) from $19.4B in Q1 2026 to $24.2B in Q2 2026. Gross margin 54.2% against 55.2% (-1.0 pts).