Growth Metrics

Pepsico (PEP) Operating Margin (2016 - 2026)

Pepsico has reported Operating Margin over the past 18 years, most recently at 16.53% for Q1 2026.

  • Quarterly Operating Margin rose 211.0% to 16.53% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 12.71% through Mar 2026, down 123.0% year-over-year, with the annual reading at 12.24% for FY2025, 179.0% down from the prior year.
  • Operating Margin was 16.53% for Q1 2026 at Pepsico, up from 12.12% in the prior quarter.
  • Over five years, Operating Margin peaked at 32.51% in Q1 2022 and troughed at 2.91% in Q4 2022.
  • The 5-year median for Operating Margin is 14.89% (2024), against an average of 14.04%.
  • Year-over-year, Operating Margin skyrocketed 1691bps in 2022 and then crashed -1778bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 2.91% in 2022, then surged by 108bps to 6.04% in 2023, then skyrocketed by 34bps to 8.1% in 2024, then surged by 50bps to 12.12% in 2025, then soared by 36bps to 16.53% in 2026.
  • Per Business Quant, the three most recent readings for PEP's Operating Margin are 16.53% (Q1 2026), 12.12% (Q4 2025), and 14.91% (Q3 2025).