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Pepsico, Inc.

Pepsico, Inc. Q2 2025 Earnings Analysis

Reported on 2025-05-23 / Fiscal Quarter Q2 2025
Revenue Up YoY Sequential Improvement Margin Under Pressure EPS Below Prior Year Mixed Quarter
Pepsico, Inc. reported Q2 2025 results with relatively stable operating performance.

Revenue grew 1% year over year and rose 26.8% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$22.7B
YoY: 1%
QoQ: 26.8263%
Net Income
$1.3B
YoY: -59.0334%
QoQ: -31.13%
EPS (Diluted)
$0.92
YoY: -58.74%
Net Margin
5.6%
YoY: -8.14 pts
QoQ: -4.68 pts
Gross Margin
54.7%
Operating Margin
16.1%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Pepsico, Inc. reported $22.7B in revenue for Q2 2025, up 1% YoY and up 26.8% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $22.7B
Previous Quarter $17.9B
Same Quarter Last Year $22.5B
YoY Change +1%
QoQ Change +26.8%

Profitability Analysis

Net income came in at $1.3B, down 59% YoY and down 31.1% QoQ. Net margin was 5.6%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $1.3B
EPS $0.92
Net Margin 5.6%
QoQ Margin Change -4.7 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Pepsico, Inc.'s revenue in Q2 2025?

Pepsico, Inc. reported revenue of $22.7B in Q2 2025.

What was Pepsico, Inc.'s net income in Q2 2025?

Pepsico, Inc. reported net income of $1.3B in Q2 2025.

How did Pepsico, Inc.'s revenue change year over year?

Pepsico, Inc.'s revenue increased by 1% year over year in Q2 2025.

What was Pepsico, Inc.'s net margin in Q2 2025?

Pepsico, Inc.'s net margin was 5.6% in Q2 2025.

Related
Pepsico, Inc. Q1 2025 Earnings

Compare this quarter with the previous earnings report.

Related
Pepsico, Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Pepsico, Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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