Pepsico (PEP) Gross Margin (2009 - 2026)
Pepsico (PEP) posted quarterly Gross Margin of 54.22% for 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.
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.
- In Q2 2026, Gross Margin fell 44.0% year-over-year to 54.22%; the TTM figure through Jun 2026 stood at 53.96% (down 48.0% YoY), while the FY2025 annual figure was 54.15%, down 41.0% from the prior year.
- Gross Margin slipped to 54.22% in Q2 2026 per PEP's latest filing, from 55.19% 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.
- Historically, Gross Margin has averaged 54.19% across 5 years, with a median of 54.35% in 2026.
- Annual changes were most pronounced in 2023 — Gross Margin soared 140 bps — and 2025, when it tumbled 184 bps.
- Pepsico's Gross Margin stood at 52.06% in 2022, then advanced by 2 bps to 52.97% in 2023, then retreated by 1 bps to 52.56% in 2024, then advanced by 1 bps to 53.23% in 2025, then grew by 2 bps to 54.22% in 2026.
- Business Quant data shows PEP's Gross Margin at 54.22% in Q2 2026, 55.19% in Q1 2026, and 53.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola Femsa Sab De Cv | 1,815.07 Bn | 1,815.07 Bn | 2.06 Bn | 47.09% |
| 2 | Coca Cola | 372.68 Bn | 358.53 Bn | 8.42 Bn | 62.89% |
| 3 | Pepsico | 187.58 Bn | 176.86 Bn | 13.11 Bn | 54.22% |
| 4 | Coca-Cola Europacific Partners | 48.05 Bn | 46.88 Bn | - | - |
| 5 | Monster Beverage | 44.40 Bn | 40.98 Bn | 1.42 Bn | 55.95% |
| 6 | Keurig Dr Pepper | 39.23 Bn | 38.33 Bn | 2.10 Bn | 52.77% |
| 7 | Andina Bottling | 21.78 Bn | 21.78 Bn | 319.18 Bn | 38.92% |
| 8 | Coca-Cola Consolidated | 10.27 Bn | 10.10 Bn | 778.41 Mn | 37.93% |
| 9 | Primo Brands | 8.48 Bn | 8.11 Bn | 548.70 Mn | 30.55% |
| 10 | Celsius Holdings | 6.86 Bn | 6.23 Bn | 393.69 Mn | 48.13% |
Historic Data
Download 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% |