Pepsico (PEP) Tax Rate (2009 - 2026)
Pepsico (PEP) posted quarterly Tax Rate of 22.01% for Q2 2026, up 343.0% year-over-year from 4.97% in Q2 2025, and down 75.34% quarter-over-quarter from 89.27% in Q1 2026.
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Pepsico (PEP) Tax Rate (2009 - 2026) Analysis & Trends
Pepsico (PEP) has reported Tax Rate for 18 consecutive years, with 22.01% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 343.0% year-over-year to 22.01%; the TTM figure through Jun 2026 stood at 24.22% (up 37.0% YoY), while the FY2025 annual figure was 19.03%, down 39.0% from the prior year.
- Tax Rate retreated to 22.01% in Q2 2026 per PEP's latest filing, from 89.27% in the prior quarter.
- Across five years, Tax Rate topped out at 97.38% in Q1 2024 and bottomed at 105.01% in Q2 2024.
- Historically, Tax Rate has averaged 22.83% across 5 years, with a median of 19.94% in 2024.
- Annual changes were most pronounced in 2024 — Tax Rate plunged 12624 bps — and 2025, when it jumped 12359 bps.
- Pepsico's Tax Rate stood at 5.73% in 2022, then surged by 338 bps to 13.63% in 2023, then increased by 12 bps to 15.2% in 2024, then slipped by 2 bps to 14.83% in 2025, then soared by 48 bps to 22.01% in 2026.
- Business Quant data shows PEP's Tax Rate at 22.01% in Q2 2026, 89.27% in Q1 2026, and 14.83% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 381.74 Bn | 367.59 Bn | 8.42 Bn | 18.94% |
| 2 | Coca Cola Femsa Sab De Cv | 189.82 Bn | 189.82 Bn | 2.06 Bn | 29.65% |
| 3 | Pepsico | 189.68 Bn | 178.97 Bn | 13.11 Bn | 22.01% |
| 4 | Monster Beverage | 86.64 Bn | 83.22 Bn | 1.42 Bn | 23.91% |
| 5 | Coca-Cola Europacific Partners | 49.41 Bn | 48.24 Bn | - | - |
| 6 | Keurig Dr Pepper | 44.61 Bn | 43.09 Bn | 3.07 Bn | 31.15% |
| 7 | Andina Bottling | 23.19 Bn | 22.72 Bn | 698.26 Mn | -32.50% |
| 8 | Coca-Cola Consolidated | 13.06 Bn | 12.89 Bn | 778.41 Mn | 26.17% |
| 9 | Celsius Holdings | 8.01 Bn | 7.37 Bn | 393.69 Mn | 20.48% |
| 10 | Primo Brands | 7.92 Bn | 7.55 Bn | 548.70 Mn | 28.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 13, 2026 | 22.01% |
| Mar 21, 2026 | 89.27% |
| Dec 27, 2025 | 14.83% |
| Sep 6, 2025 | 21.40% |
| Jun 14, 2025 | 18.59% |
| Mar 22, 2025 | 92.92% |
| Dec 28, 2024 | 15.20% |
| Sep 7, 2024 | 20.28% |
| Jun 15, 2024 | -105.01% |
| Mar 23, 2024 | 97.38% |
| Dec 30, 2023 | 13.63% |
| Sep 9, 2023 | 19.61% |
| Jun 17, 2023 | 21.23% |
| Mar 25, 2023 | 21.93% |
| Dec 31, 2022 | -5.73% |
| Sep 3, 2022 | 14.85% |
| Jun 11, 2022 | 21.37% |
| Mar 19, 2022 | 17.21% |
| Dec 25, 2021 | 15.55% |
| Sep 4, 2021 | 26.34% |