Filing Flows › PepsiCo (PEP) › Q2 2026 › vs Q2 2025
PepsiCo (PEP) Q2 2026 vs Q2 2025 (year over year)
PepsiCo's revenue rose $1.5B (+6%) from $22.7B in Q2 2025 to $24.2B in Q2 2026. Gross margin 54.2% against 54.7% (-0.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 54.2% | 54.7% | -0.4 pts |
| Operating margin | 16.6% | 7.9% | +8.8 pts |
| Net margin | 12.4% | 5.6% | +6.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $24.2B | $22.7B | $1.5B | +6% |
| Gross profit | $13.1B | $12.4B | $689M | +6% |
| Cost of revenue | $11.1B | $10.3B | $766M | +7% |
| Operating profit | $4.0B | $1.8B | $2.2B | +125% |
| Operating expenses | $9.1B | $10.6B | −$1.5B | -15% |
| Pre-tax earnings | $3.9B | $1.6B | $2.3B | +145% |
| Other expense, net | $171M | $218M | −$47.0M | -22% |
| Net earnings | $3.0B | $1.3B | $1.7B | +135% |
| Income tax | $848M | $292M | $556M | +190% |
Questions
How much did PepsiCo's revenue grow year over year in Q2 2026?
PepsiCo's revenue rose $1.5B (+6%) from $22.7B in Q2 2025 to $24.2B in Q2 2026. Gross margin 54.2% against 54.7% (-0.4 pts).