Pepsico (PEP) Gross Margin (2009 - 2026)
Pepsico's (PEP) quarterly Gross Margin came in at 54.22% in Q2 2026, down 44.0% year-over-year from 96.82% in Q2 2025, and down 1.76% quarter-over-quarter from 55.19% in Q1 2026.
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Pepsico (PEP) Gross Margin (2009 - 2026) Analysis & Trends
Pepsico (PEP) has reported Gross Margin for 18 consecutive years, with 54.22% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 44.0% year-over-year to 54.22% in Q2 2026; TTM through Jun 2026 was 53.96%, a 48.0% decrease from a year earlier, with the FY2025 full-year figure at 54.15%, down 41.0% from the prior year.
- Gross Margin was 54.22% for Q2 2026 at Pepsico, down from 55.19% in the prior quarter.
- Over five years, Gross Margin peaked at 55.92% in Q2 2024 and troughed at 52.06% in Q4 2022.
- A 5-year average of 54.19% and a median of 54.35% in 2026 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 140 bps in 2023 and plunged 184 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 52.06% in 2022, then rose by 2 bps to 52.97% in 2023, then declined by 1 bps to 52.56% in 2024, then rose by 1 bps to 53.23% in 2025, then advanced by 2 bps to 54.22% in 2026.
- The last three Gross Margin figures came in at 54.22% (Q2 2026), 55.19% (Q1 2026), and 53.23% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 62.89% |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 47.09% |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 54.22% |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 55.95% |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 51.86% |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | - |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 41.95% |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 40.03% |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 50.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 4, 2021 | 53.47% |
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();