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PepsiCo (PEP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 4, 2025
PepsiCo (PEP) reported revenue of $27.8B for the fourth quarter 2024 (Q4 2024), -0.2% from a year earlier. Operating margin was 8.1%, net earnings $1.5B (5.5% of revenue).
PepsiCo, Q4 2024: revenue $27.8B (-0.2% year over year), operating margin 8.1%, net earnings $1.5B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.8B | — | -0.2% |
| Gross profit | $14.6B | — | -1% |
| Operating profit | $2.2B | — | +34% |
| Net earnings | $1.5B | — | +16% |
What changed
Revenue was $27.8B in Q4 2024, roughly flat year over year.
Gross margin was 52.6%, down 0.4 points from a year earlier. Operating profit was $2.2B, a 8.1% margin (up 2.1 points year over year). Operating expenses fell 5% while revenue was flat. Net earnings were $1.5B, up 17% year over year. The effective tax rate was 15.2%.
Questions
What was PepsiCo's revenue in the fourth quarter 2024?
PepsiCo (PEP) reported revenue of $27.8B for the fourth quarter 2024 (Q4 2024), -0.2% from a year earlier.
Was PepsiCo profitable in the fourth quarter 2024?
Operating profit was $2.2B (8.1% of revenue) and net earnings $1.5B.
Source: PepsiCo 10-K on SEC EDGAR.