Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.8B | $63.5B | $64.7B | $67.2B | $70.4B | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B |
| Revenue growth | — | 1.2% | 1.8% | 3.9% | 4.8% | 12.9% | 8.7% | 5.9% | 0.4% | 2.3% |
| Gross profit | $34.6B | $34.7B | $35.3B | $37.0B | $38.6B | $42.4B | $45.8B | $49.6B | $50.1B | $50.9B |
| Gross margin | 55.1% | 54.7% | 54.6% | 55.1% | 54.8% | 53.3% | 53.0% | 54.2% | 54.6% | 54.1% |
| Operating income | $9.80B | $10.3B | $10.1B | $10.3B | $10.1B | $11.2B | $11.5B | $12.0B | $12.9B | $11.5B |
| Operating margin | 15.6% | 16.2% | 15.6% | 15.3% | 14.3% | 14.0% | 13.3% | 13.1% | 14.0% | 12.2% |
| Net income | $6.33B | $4.86B | $12.5B | $7.31B | $7.12B | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B |
| Net margin | 10.1% | 7.6% | 19.4% | 10.9% | 10.1% | 9.6% | 10.3% | 9.9% | 10.4% | 8.8% |
| EPS (diluted) | $4.36 | $3.38 | $8.78 | $5.20 | $5.12 | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.7B | $10.0B | $9.41B | $9.65B | $10.6B | $11.6B | $10.8B | $13.4B | $12.5B | $12.1B |
| Capital expenditures | $3.04B | $2.97B | $3.28B | $4.23B | $4.24B | $4.63B | $5.21B | $5.52B | $5.32B | $4.42B |
| Free cash flow | $7.62B | $7.06B | $6.13B | $5.42B | $6.37B | $6.99B | $5.60B | $7.92B | $7.19B | $7.67B |
| Share buybacks | $3.00B | $2.00B | $2.00B | $3.00B | $2.00B | $106M | $1.50B | $1.00B | $1.00B | $1.00B |
| Dividends paid | $4.23B | $4.47B | $4.93B | $5.30B | $5.51B | $5.82B | $6.17B | $6.68B | $7.23B | $7.64B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.16B | $10.6B | $8.72B | $5.51B | $8.19B | $5.60B | $4.95B | $9.71B | $8.51B | $9.16B |
| Total assets | $73.5B | $79.8B | $77.6B | $78.5B | $92.9B | $92.4B | $92.2B | $100B | $99.5B | $107B |
| Total liabilities | $62.3B | $68.8B | $63.0B | $63.7B | $79.4B | $76.2B | $74.9B | $81.9B | $81.3B | $86.9B |
| Long-term debt | $30.1B | $33.8B | $28.3B | $29.1B | $40.4B | $36.0B | $35.7B | $37.6B | $37.2B | $42.3B |
| Shareholders' equity | $11.2B | $11.0B | $14.5B | $14.8B | $13.5B | $16.0B | $17.1B | $18.5B | $18.0B | $20.4B |
| Retained earnings | $52.5B | $52.8B | $59.9B | $61.9B | $63.4B | $65.2B | $67.8B | $70.0B | $72.3B | $72.8B |
| Shares (wtd avg diluted) | 1.45B | 1.44B | 1.43B | 1.41B | 1.39B | 1.39B | 1.39B | 1.38B | 1.38B | 1.37B |
Every figure is extracted from PEPSICO INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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