Pepsico (PEP) Tax Rate (2009 - 2026)
Pepsico (PEP) reported Tax Rate of 22.01% for Q2 2026, up 3.43 percentage points from 18.59% a year earlier and up 0.74 percentage points from the prior quarter.
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Analysis
Pepsico (PEP) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 13, 2026, Pepsico's Tax Rate came in at 20.06%, up 0.78 percentage points year-over-year; for FY2025, it came in at 19.03%, down 0.39 percentage points from FY2024.
- Tax Rate has a five-year change of -1.86 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 19.42% in FY2024 (-0.39 pp), 19.81% in FY2023 (+3.68 pp), 16.13% in FY2022 (-5.68 pp) and 21.81% in FY2021 (+0.93 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate since Q3 2021.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +0.75 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 19.36 percentage points); the low point was Q4 2022 (a drop of 21.29 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.88 Bn | 382.35 Bn | 8.42 Bn | 18.94% |
| 2 | Coca Cola Femsa Sab De Cv | 193.50 Bn | 193.50 Bn | 2.06 Bn | 29.65% |
| 3 | Pepsico | 175.26 Bn | 133.02 Bn | 13.75 Bn | 21.36% |
| 4 | Monster Beverage | 88.72 Bn | 76.97 Bn | 1.42 Bn | 23.91% |
| 5 | Diageo | 52.28 Bn | 32.35 Bn | - | - |
| 6 | Ambev | 50.60 Bn | 35.89 Bn | 2.06 Bn | - |
| 7 | Coca-Cola Europacific Partners | 50.03 Bn | 42.70 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.25 Bn | 42.30 Bn | 3.07 Bn | 31.15% |
| 9 | Constellation Brands | 22.09 Bn | 21.64 Bn | 1.39 Bn | 20.17% |
| 10 | Coca-Cola Consolidated | 13.61 Bn | 11.24 Bn | 778.41 Mn | 26.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 5, 2026 | 21.36% |
| Jun 13, 2026 | 22.01% |
| Mar 21, 2026 | 21.28% |
| Dec 27, 2025 | 14.83% |
| Sep 6, 2025 | 21.40% |
| Jun 14, 2025 | 18.59% |
| Mar 22, 2025 | 21.31% |
| Dec 28, 2024 | 15.20% |
| Sep 7, 2024 | 20.28% |
| Jun 15, 2024 | 20.05% |
| Mar 23, 2024 | 20.21% |
| Dec 30, 2023 | 13.63% |
| Sep 9, 2023 | 19.61% |
| Jun 17, 2023 | 21.23% |
| Mar 25, 2023 | 21.93% |
| 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% |
API Access
Pepsico Tax Rate 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=tax-rate&ticker=PEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();