Filing Flows › PepsiCo (PEP) › Q2 2026
PepsiCo (PEP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 9, 2026
PepsiCo (PEP) reported revenue of $24.2B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +24% from the quarter before. Operating margin was 16.6%, net earnings $3.0B (12.4% of revenue).
PepsiCo, Q2 2026: revenue $24.2B (+6% year over year), operating margin 16.6%, net earnings $3.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.2B | +24% | +6% |
| Gross profit | $13.1B | +22% | +6% |
| Operating profit | $4.0B | +25% | +125% |
| Net earnings | $3.0B | +28% | +135% |
What changed
Revenue was $24.2B in Q2 2026, up 6% year over year and up 24% from the previous quarter.
Gross margin was 54.2%, down 0.4 points from Q2 2025. Operating profit was $4.0B, a 16.6% margin (up 8.8 points year over year). Of the extra revenue versus Q2 2025, 154% reached operating profit, above the 8% margin then. Operating expenses fell 15% while revenue rose 6%. Net earnings were $3.0B, up 136% year over year. The effective tax rate was 22.0%.
Questions
What was PepsiCo's revenue in the second quarter 2026?
PepsiCo (PEP) reported revenue of $24.2B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +24% from the quarter before.
Was PepsiCo profitable in the second quarter 2026?
Operating profit was $4.0B (16.6% of revenue) and net earnings $3.0B.
Source: PepsiCo 10-Q on SEC EDGAR.