Pepsico (PEP) Operating Margin (2009 - 2026)
Pepsico's (PEP) quarterly Operating Margin came in at 16.64% in Q2 2026, up 876.0% year-over-year from 1.7% in Q2 2025, and up 0.68% quarter-over-quarter from 16.53% in Q1 2026.
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Analysis
Pepsico (PEP) Operating Margin (2009 - 2026) Analysis & Trends
Pepsico (PEP) has reported Operating Margin for 18 consecutive years, with 16.64% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 876.0% year-over-year to 16.64% in Q2 2026; TTM through Jun 2026 was 14.82%, a 338.0% increase from a year earlier, with the FY2025 full-year figure at 12.24%, down 179.0% from the prior year.
- Operating Margin was 16.64% for Q2 2026 at Pepsico, up from 16.53% in the prior quarter.
- Over five years, Operating Margin peaked at 32.51% in Q1 2022 and troughed at 2.91% in Q4 2022.
- A 5-year average of 14.18% and a median of 14.9% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 1691 bps in 2022 and sank 1778 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 2.91% in 2022, then jumped by 108 bps to 6.04% in 2023, then soared by 34 bps to 8.1% in 2024, then jumped by 50 bps to 12.12% in 2025, then soared by 37 bps to 16.64% in 2026.
- The last three Operating Margin figures came in at 16.64% (Q2 2026), 16.53% (Q1 2026), and 12.12% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 34.92% |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 13.96% |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 16.64% |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 29.18% |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 23.89% |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | - |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 8.59% |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 5,344.68% |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 32.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 13, 2026 | 16.64% |
| Mar 21, 2026 | 16.53% |
| Dec 27, 2025 | 12.12% |
| Sep 6, 2025 | 14.91% |
| Jun 14, 2025 | 7.87% |
| Mar 22, 2025 | 14.41% |
| Dec 28, 2024 | 8.10% |
| Sep 7, 2024 | 16.60% |
| Jun 15, 2024 | 17.99% |
| Mar 23, 2024 | 14.89% |
| Dec 30, 2023 | 6.04% |
| Sep 9, 2023 | 17.12% |
| Jun 17, 2023 | 16.39% |
| Mar 25, 2023 | 14.73% |
| Dec 31, 2022 | 2.91% |
| Sep 3, 2022 | 15.26% |
| Jun 11, 2022 | 10.27% |
| Mar 19, 2022 | 32.51% |
| Dec 25, 2021 | 10.15% |
| Sep 4, 2021 | 15.65% |
API Access
Pepsico Operating 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=operating-margin&ticker=PEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();