Pepsico (PEP) Operating Expenses (2009 - 2026)

Pepsico (PEP) has 18 years of Operating Expenses data on file, last reported at $7.5 billion in Q1 2026.

• Quarterly Operating Expenses rose 1.46% year-over-year to $7.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $37.5 billion (changed 0.43% YoY) and the FY2025 annual result came in at $37.4 billion, changed 0.48% from the prior year.
• Operating Expenses declined to $7.5 billion in Q1 2026 per PEP's latest filing, from $12.1 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.
• The 5-year median for Operating Expenses is $8.5 billion (2023), against an average of $9.0 billion.
• The widest annual swing landed in 2023, when Operating Expenses gained 15.64%; it then declined 2.28% in 2025.
• Tracing PEP's Operating Expenses over 5 years: stood at $12.2 billion in 2022, then dropped by 0.44% to $12.1 billion in 2023, then advanced by 1.66% to $12.3 billion in 2024, then dropped by 2.28% to $12.1 billion in 2025, then slumped by 37.68% to $7.5 billion in 2026.
• Per Business Quant, the three latest PEP Operating Expenses figures stand at $7.5 billion (Q1 2026), $12.1 billion (Q4 2025), and $9.1 billion (Q3 2025).

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