Pepsico (PEP) Gross Margin (2009 - 2026)
Pepsico (PEP) reported Gross Margin of 55.19% for Q1 2026, down 58.0% year-over-year from 131.41% in Q1 2025, and up 3.68% on a QoQ basis from 53.23% in Q4 2025.
Pepsico (PEP) has 18 years of Gross Margin data on file, last reported at 55.19% in Q1 2026.
- Quarterly Gross Margin fell 58.0% year-over-year to 55.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 54.06% (down 68.0% YoY) and the FY2025 annual result came in at 54.15%, down 41.0% from the prior year.
- Gross Margin rose to 55.19% in Q1 2026 per PEP's latest filing, from 53.23% in the prior quarter.
- Across five years, Gross Margin topped out at 55.92% in Q2 2024 and bottomed at 52.06% in Q4 2022.
- The 5-year median for Gross Margin is 54.48% (2023), against an average of 54.19%.
- The widest annual swing landed in 2023, when Gross Margin jumped 140 bps; it then sank 184 bps in 2025.
- Tracing PEP's Gross Margin over 5 years: stood at 52.06% in 2022, then increased by 2 bps to 52.97% in 2023, then dropped by 1 bps to 52.56% in 2024, then increased by 1 bps to 53.23% in 2025, then increased by 4 bps to 55.19% in 2026.
- Per Business Quant, the three latest PEP Gross Margin figures stand at 55.19% (Q1 2026), 53.23% (Q4 2025), and 53.57% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 338.61 Bn | 329.63 Bn | 7.85 Bn | 62.96% |
| 2 | Pepsico | 193.55 Bn | 182.88 Bn | 10.73 Bn | 55.19% |
| 3 | Monster Beverage | 87.17 Bn | 84.18 Bn | 1.29 Bn | 54.96% |
| 4 | Coca-Cola Europacific Partners | 47.66 Bn | 47.03 Bn | - | - |
| 5 | Keurig Dr Pepper | 41.05 Bn | 27.15 Bn | 2.10 Bn | 52.77% |
| 6 | Coca Cola Femsa Sab De Cv | 10.77 Bn | 9.26 Bn | 1.89 Bn | 46.89% |
| 7 | Coca-Cola Consolidated | 9.73 Bn | 9.50 Bn | 727.08 Mn | 39.37% |
| 8 | Primo Brands | 8.93 Bn | 8.64 Bn | 464.90 Mn | 28.59% |
| 9 | Celsius Holdings | 7.93 Bn | 7.38 Bn | 378.07 Mn | 48.31% |
| 10 | Vita Coco Company | 4.29 Bn | 4.08 Bn | 71.81 Mn | 39.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 12, 2021 | 53.79% |
| Mar 20, 2021 | 54.99% |
| Dec 26, 2020 | 53.57% |
| Sep 5, 2020 | 54.92% |
| Jun 13, 2020 | 55.55% |
| Mar 21, 2020 | 55.86% |
| Dec 28, 2019 | 54.72% |
| Sep 7, 2019 | 55.24% |
| Jun 15, 2019 | 54.99% |
| Mar 23, 2019 | 55.85% |
| Dec 29, 2018 | 54.23% |
| Sep 8, 2018 | 54.34% |
| Jun 16, 2018 | 54.86% |
| Mar 24, 2018 | 54.98% |
| Dec 30, 2017 | 53.50% |
| Sep 9, 2017 | 54.63% |
| Jun 17, 2017 | 55.07% |
| Mar 25, 2017 | 56.10% |
| Dec 31, 2016 | 54.10% |
| Sep 3, 2016 | 54.55% |
| Jun 11, 2016 | 55.63% |
| Mar 19, 2016 | 56.58% |
| Dec 26, 2015 | 54.33% |
| Sep 5, 2015 | 54.14% |
| Jun 13, 2015 | 54.46% |
| Mar 21, 2015 | 54.96% |
| Dec 27, 2014 | 51.28% |
| Sep 6, 2014 | 53.57% |
| Jun 14, 2014 | 53.96% |
| Mar 22, 2014 | 54.47% |
| Dec 28, 2013 | 52.46% |
| Sep 7, 2013 | 53.01% |
| Jun 15, 2013 | 53.01% |
| Mar 23, 2013 | 53.63% |
| Dec 29, 2012 | 51.62% |
| Sep 8, 2012 | 52.96% |
| Jun 16, 2012 | 51.91% |
| Mar 24, 2012 | 52.62% |
| Dec 31, 2011 | 51.73% |
| Sep 3, 2011 | 51.93% |
| Jun 11, 2011 | 52.68% |
| Mar 19, 2011 | 54.37% |
| Dec 25, 2010 | 53.96% |
| Sep 4, 2010 | 54.83% |
| Jun 12, 2010 | 54.43% |
| Mar 20, 2010 | 52.36% |
| Dec 26, 2009 | 52.67% |
| Sep 5, 2009 | 53.24% |
| Jun 13, 2009 | 53.92% |
| Mar 21, 2009 | 54.69% |