Pepsico (PEP) Operating Margin (2009 - 2026)
Pepsico (PEP) posted Operating Margin of 16.64% for Q2 2026, up 8.76 percentage points from 7.87% a year earlier and up 0.11 percentage points from the prior quarter.
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Analysis
Pepsico (PEP) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 13, 2026, Operating Margin at Pepsico was 14.82%, up 3.38 percentage points year-over-year; for FY2025, it was 12.24%, down 1.79 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -2.08 percentage points (FY2020 to FY2025).
- In prior years, Pepsico's Operating Margin was 14.03% in FY2024 (+0.93 pp), 13.10% in FY2023 (-0.22 pp), 13.33% in FY2022 (-0.72 pp) and 14.04% in FY2021 (-0.28 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q2 2024.
- On a year-over-year basis, Operating Margin has increased in each of the last three quarters, with an average year-over-year change of +0.52 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2022, with a gain of 16.91 percentage points; the weakest was Q1 2023, with a drop of 17.78 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.88 Bn | 382.35 Bn | 8.42 Bn | 34.92% |
| 2 | Coca Cola Femsa Sab De Cv | 193.23 Bn | 193.23 Bn | 2.06 Bn | 13.96% |
| 3 | Pepsico | 175.01 Bn | 132.78 Bn | 13.75 Bn | 16.86% |
| 4 | Monster Beverage | 88.58 Bn | 76.83 Bn | 1.42 Bn | 29.18% |
| 5 | Diageo | 52.19 Bn | 32.26 Bn | - | - |
| 6 | Ambev | 50.76 Bn | 36.05 Bn | 2.06 Bn | 23.89% |
| 7 | Coca-Cola Europacific Partners | 50.08 Bn | 42.75 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.27 Bn | 42.32 Bn | 3.07 Bn | 8.59% |
| 9 | Constellation Brands | 22.06 Bn | 21.61 Bn | 1.39 Bn | 28.58% |
| 10 | Coca-Cola Consolidated | 13.59 Bn | 11.23 Bn | 778.41 Mn | 13.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 5, 2026 | 16.86% |
| 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% |
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();