Pepsico (PEP) Operating Expenses (2009 - 2026)
Pepsico (PEP) posted quarterly Operating Expenses of $9.1 billion for Q2 2026, up 3.59% year-over-year from $8.8 billion in Q2 2025, and up 20.88% quarter-over-quarter from $7.5 billion in Q1 2026.
Pepsico (PEP) Operating Expenses (2009 - 2026) Analysis & Trends
Pepsico (PEP) has reported Operating Expenses for 18 consecutive years, with $9.1 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 3.59% year-over-year to $9.1 billion; the TTM figure through Jun 2026 stood at $37.8 billion (up 0.63% YoY), while the FY2025 annual figure was $37.4 billion, changed 0.48% from the prior year.
- Operating Expenses advanced to $9.1 billion in Q2 2026 per PEP's latest filing, from $7.5 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $12.3 billion in Q4 2024 and bottomed at $6.6 billion in Q1 2022.
- Historically, Operating Expenses has averaged $9.0 billion across 5 years, with a median of $8.7 billion in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses climbed 15.64% — and 2025, when it retreated 2.28%.
- Pepsico's Operating Expenses stood at $12.2 billion in 2022, then retreated by 0.44% to $12.1 billion in 2023, then increased by 1.66% to $12.3 billion in 2024, then retreated by 2.28% to $12.1 billion in 2025, then declined by 24.66% to $9.1 billion in 2026.
- Business Quant data shows PEP's Operating Expenses at $9.1 billion in Q2 2026, $7.5 billion in Q1 2026, and $12.1 billion in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola Femsa Sab De Cv | 1,812.80 Bn | 1,812.80 Bn | 2.06 Bn | 1.49 Bn |
| 2 | Coca Cola | 371.22 Bn | 357.07 Bn | 8.42 Bn | 3.72 Bn |
| 3 | Pepsico | 187.16 Bn | 176.45 Bn | 13.11 Bn | 9.09 Bn |
| 4 | Coca-Cola Europacific Partners | 47.89 Bn | 46.72 Bn | - | - |
| 5 | Monster Beverage | 44.35 Bn | 40.93 Bn | 1.42 Bn | 679.19 Mn |
| 6 | Keurig Dr Pepper | 39.09 Bn | 38.19 Bn | 2.10 Bn | 1.34 Bn |
| 7 | Andina Bottling | 21.78 Bn | 21.78 Bn | 319.18 Bn | -225.94 Bn |
| 8 | Coca-Cola Consolidated | 10.24 Bn | 10.06 Bn | 778.41 Mn | 507.07 Mn |
| 9 | Primo Brands | 8.45 Bn | 8.08 Bn | 548.70 Mn | 355.50 Mn |
| 10 | Celsius Holdings | 6.85 Bn | 6.22 Bn | 393.69 Mn | 318.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 13, 2026 | 9.09 Bn |
| Mar 21, 2026 | 7.52 Bn |
| Dec 27, 2025 | 12.06 Bn |
| Sep 6, 2025 | 9.12 Bn |
| Jun 14, 2025 | 8.77 Bn |
| Mar 22, 2025 | 7.41 Bn |
| Dec 28, 2024 | 12.34 Bn |
| Sep 7, 2024 | 9.03 Bn |
| Jun 15, 2024 | 8.53 Bn |
| Mar 23, 2024 | 7.29 Bn |
| Dec 30, 2023 | 12.14 Bn |
| Sep 9, 2023 | 8.76 Bn |
| Jun 17, 2023 | 8.54 Bn |
| Mar 25, 2023 | 7.23 Bn |
| Dec 31, 2022 | 12.20 Bn |
| Sep 3, 2022 | 8.30 Bn |
| Jun 11, 2022 | 7.39 Bn |
| Mar 19, 2022 | 6.58 Bn |
| Dec 25, 2021 | 10.56 Bn |
| Sep 4, 2021 | 7.64 Bn |