Filing Flows › PepsiCo (PEP) › Q3 2026
PepsiCo (PEP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 8, 2026
PepsiCo (PEP) reported revenue of $25.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +5% from the quarter before. Operating margin was 16.9%, net earnings $3.1B (12.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.3B | +5% | +6% |
| Gross profit | $13.8B | +5% | +7% |
| Operating profit | $4.3B | +6% | +19% |
| Net earnings | $3.1B | +2% | +17% |
| Operating cash flow | $5.6B | — | +25% |
| Free cash flow | $4.7B | — | +34% |
What changed
Revenue was $25.3B in Q3 2026, up 6% year over year and up 5% from the previous quarter.
Gross margin was 54.4%, up 0.8 points from Q3 2025. Operating profit was $4.3B, a 16.9% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 52% reached operating profit, above the 15% margin then. Operating expenses grew 3% against revenue growth of 6%. Net earnings were $3.0B, up 17% year over year. The effective tax rate was 21.4%.
Operating cash flow was $5.6B (up 25% year over year), 182% of net earnings. Non-cash charges added back $0.89B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $1.5B. Capital expenditures of $0.92B left free cash flow of $4.7B.
Questions
What was PepsiCo's revenue in the third quarter 2026?
PepsiCo (PEP) reported revenue of $25.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +5% from the quarter before.
Was PepsiCo profitable in the third quarter 2026?
Operating profit was $4.3B (16.9% of revenue) and net earnings $3.1B.
Source: PepsiCo 10-Q on SEC EDGAR.