AI-extracted from the 10-Q filed 2026-10-08 — Q3 FY2026 (12 weeks ended September 5, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
PepsiCo Q3 revenue grew 6% to $25.3B, with operating profit surging 19% to $4.3B driven by pricing gains, productivity savings, and favorable tariff impacts.
Biggest Revenue Drivers
PepsiCo Beverages North America (PBNA)$7.7B+5% YoY
Favorable acquisitions and divestitures impact plus effective net pricing, partially offset by organic volume decline.
PepsiCo Foods North America (PFNA)$6.5BFlat YoY
Unfavorable net pricing partially offset by organic volume increase.
Biggest Revenue Drivers
Total revenue: $25.3B+6% YoY
PepsiCo Beverages North America (PBNA)$7.7B+5% YoY
Favorable acquisitions and divestitures impact plus effective net pricing, partially offset by organic volume decline.
PepsiCo Foods North America (PFNA)$6.5BFlat YoY
Unfavorable net pricing partially offset by organic volume increase.
Europe, Middle East and Africa (EMEA)$5.4B+8% YoY
Effective net pricing drove growth.
LatAm Foods$3.0B+14% YoY
Favorable foreign exchange translation, effective net pricing and organic volume growth.
Largest Expense Items
Cost of sales$11.5B+3.7% YoY
Certain operating cost increases partially offset by productivity savings.
Selling, general and administrative expenses$9.5B+4.1% YoY
Certain operating cost increases and higher advertising and marketing expenses.
Other pension and retiree medical benefits expense$114M+140 YoY
Settlement charge from lump sum distributions exceeding annual service and interest costs.
Margins: Operating margin expanded 200 basis points to 16.9%, driven by productivity savings, effective pricing realization, favorable tariff refunds totaling 4 percentage points of margin benefit, and mark-to-market gains on commodity derivatives, despite offsetting operating cost inflation.
Watch Items from the Filing
Russia operations represent 6% of Q3 revenue but 20% of consolidated cash and 42% of accumulated currency translation loss, with ongoing geopolitical and currency control risks.
Organic volume declined 3% in North America beverages (CSD -2%, NCB -3%) despite pricing gains, signaling potential consumer demand softness.
Poppi contingent consideration liability fair value decreased $105M in Q3 to $12M, reflecting lower achievement probability of $300M performance milestones by Q3 2027.
Restructuring charges $192M (YTD $367M of $6.15B plan) on track; management expects $500M charges and $250M cash for remainder of 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bailey JenniferDirectorGrant or award · Oct 1, 2026
Dublon DinaDirectorGrant or award · Oct 1, 2026
Cooper Edith WDirectorGrant or award · Oct 1, 2026
Cook Ian MDirectorGrant or award · Oct 1, 2026
Congress trading in PEP
92 transactions in PEP reported by 38 members of Congress under the STOCK Act, most recent trade Aug 26, 2026. Reported transactions, not recommendations.
About PEPSICO INC (PEP): stock profile, AI score and financials
PEPSICO INC (PEP) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores PEP at 64.8/100 on a composite quality score built from its SEC filings, placing it at rank #509 of 2,925 stocks — the top 25% of the AI-ranked universe. PEP scores in the top quartile across revenue scale (98.5), balance sheet strength (85.4), institutional flow (79.0). Areas of concern include revenue growth (36.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), PEPSICO INC reports quarterly revenue of $25.3B, net income of $3.0B, an operating margin of 16.9%. Top institutional holders of PEP by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. PEP trades on the Nasdaq exchange and files with the SEC under CIK 77476. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PEP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PEPSICO INC directly from SEC EDGAR.