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PepsiCo (PEP) Cash Flow Waterfall

Trace PepsiCo's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$13.5B

Capex

-$4.17B

Free Cash Flow

$9.28B

FCF Margin

+69.0%

Cash flow waterfall for PepsiCo (PEP) — TTM through Q2 2026

Free cash flow: $9.28B

Cash flow breakdown for PepsiCo (PEP) — TTM through Q2 2026

  • Operating Cash Flow$13.5B
  • Capital Expenditure-$4.17B
  • Free Cash Flow$9.28B
  • Acquisitions-$414M
  • Other Investing$444M
  • Share Buybacks-$985M
  • Dividends Paid-$7.81B
  • Net Debt Change$563M
  • Other Financing$1.25B
  • Forex Effect$256M
  • Net Cash Increase$2.59B
Want to see what drove the FCF change?Free Cash Flow Bridge

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