Pepsico (PEP) Gross Margin (2009 - 2026)
Pepsico's Gross Margin came in at 54.42% for Q3 2026, up 0.85 percentage points from 53.57% a year earlier and up 0.20 percentage points from the prior quarter.
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Analysis
Pepsico (PEP) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 5, 2026, Pepsico reported Gross Margin of 54.17%, up 0.21 percentage points year-over-year; for FY2025, it came in at 54.15%, down 0.41 percentage points from FY2024.
- Gross Margin carries a five-year change of -0.67 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 54.55% in FY2024 (+0.34 pp), 54.21% in FY2023 (+1.18 pp), 53.03% in FY2022 (-0.32 pp) and 53.35% in FY2021 (-1.47 pp).
- The five-year range for quarterly Gross Margin is 51.96% (Q4 2021) to 55.92% (Q2 2024).
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -0.26 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2023 (a gain of 1.40 percentage points), and the weakest in Q3 2025 (a drop of 1.84 percentage points).
- Business Quant data shows PEP's Gross Margin at 54.22% (Q2 2026), 55.19% (Q1 2026) and 53.23% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 415.05 Bn | 401.36 Bn | 8.45 Bn | 63.15% |
| 2 | Coca Cola Femsa Sab De Cv | 195.63 Bn | 195.63 Bn | 2.15 Bn | 46.52% |
| 3 | Pepsico | 194.97 Bn | 152.73 Bn | 13.75 Bn | 54.42% |
| 4 | Monster Beverage | 95.69 Bn | 83.94 Bn | 1.42 Bn | 55.95% |
| 5 | Diageo | 54.44 Bn | 34.51 Bn | - | - |
| 6 | Coca-Cola Europacific Partners | 53.15 Bn | 45.82 Bn | - | - |
| 7 | Keurig Dr Pepper | 50.27 Bn | 46.32 Bn | 3.07 Bn | 41.95% |
| 8 | Ambev | 43.18 Bn | 27.99 Bn | 2.14 Bn | 50.97% |
| 9 | Constellation Brands | 25.00 Bn | 24.55 Bn | 1.39 Bn | 49.46% |
| 10 | Brown Forman | 14.15 Bn | 12.83 Bn | 549.00 Mn | 46.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 5, 2026 | 54.42% |
| Jun 13, 2026 | 54.22% |
| Mar 21, 2026 | 55.19% |
| Dec 27, 2025 | 53.23% |
| Sep 6, 2025 | 53.57% |
| Jun 14, 2025 | 54.66% |
| Mar 22, 2025 | 55.77% |
| Dec 28, 2024 | 52.56% |
| Sep 7, 2024 | 55.42% |
| Jun 15, 2024 | 55.92% |
| Mar 23, 2024 | 54.81% |
| Dec 30, 2023 | 52.97% |
| Sep 9, 2023 | 54.48% |
| Jun 17, 2023 | 54.66% |
| Mar 25, 2023 | 55.24% |
| Dec 31, 2022 | 52.06% |
| Sep 3, 2022 | 53.08% |
| Jun 11, 2022 | 53.45% |
| Mar 19, 2022 | 54.12% |
| Dec 25, 2021 | 51.96% |
API Access
Pepsico Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();