Pepsico (PEP) Gross Margin (2009 - 2026)
Pepsico's Gross Margin came in at 54.22% for Q2 2026, down 0.44 percentage points from 54.66% a year earlier and down 0.97 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 Jun 13, 2026, Pepsico reported Gross Margin of 53.96%, down 0.48 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 -0.25 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).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 394.76 Bn | 381.23 Bn | 8.42 Bn | 62.89% |
| 2 | Coca Cola Femsa Sab De Cv | 193.90 Bn | 193.90 Bn | 2.06 Bn | 47.09% |
| 3 | Pepsico | 175.24 Bn | 133.00 Bn | 13.75 Bn | 54.42% |
| 4 | Monster Beverage | 88.77 Bn | 77.03 Bn | 1.42 Bn | 55.95% |
| 5 | Diageo | 52.19 Bn | 32.26 Bn | - | - |
| 6 | Ambev | 50.68 Bn | 35.97 Bn | 2.06 Bn | 51.86% |
| 7 | Coca-Cola Europacific Partners | 50.06 Bn | 42.72 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.50 Bn | 42.54 Bn | 3.07 Bn | 41.95% |
| 9 | Constellation Brands | 22.07 Bn | 21.62 Bn | 1.39 Bn | 49.46% |
| 10 | Coca-Cola Consolidated | 13.60 Bn | 11.23 Bn | 778.41 Mn | 37.93% |
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();