Filing Flows › PepsiCo (PEP) › Q3 2026 › vs Q2 2026
PepsiCo (PEP) Q3 2026 vs Q2 2026 (quarter over quarter)
PepsiCo's revenue rose $1.1B (+5%) from $24.2B in Q2 2026 to $25.3B in Q3 2026. Gross margin 54.4% against 54.2% (+0.2 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.4% | 54.2% | +0.2 pts |
| Operating margin | 16.9% | 16.6% | +0.2 pts |
| Net margin | 12.1% | 12.4% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $25.3B | $24.2B | $1.1B | +5% |
| Gross profit | $13.8B | $13.1B | $643M | +5% |
| Cost of revenue | $11.5B | $11.1B | $450M | +4% |
| Operating profit | $4.3B | $4.0B | $237M | +6% |
| Operating expenses | $9.5B | $9.1B | $406M | +4% |
| Pre-tax earnings | $3.9B | $3.9B | $52.0M | +1% |
| Other expense, net | $356M | $171M | $185M | +108% |
| Net earnings | $3.1B | $3.0B | $66.0M | +2% |
| Income tax | $834M | $848M | −$14.0M | -2% |
| Depreciation & amortization | $892M | $897M | −$5.0M | -0.6% |
| Share-based compensation | $78.0M | $69.0M | $9.0M | +13% |
Questions
How much did PepsiCo's revenue grow quarter over quarter in Q3 2026?
PepsiCo's revenue rose $1.1B (+5%) from $24.2B in Q2 2026 to $25.3B in Q3 2026. Gross margin 54.4% against 54.2% (+0.2 pts).