Buyback yield (TTM)
0.49%
Shareholder yield (TTM)
4.25%
5Y share count change
-1.4%
Buyback spend (TTM)
$999.00M
Cumulative buybacks
$75.83B
Key takeaways
- PepsiCo (PEP) repurchased about $999.00M of stock over the trailing twelve months.
- Diluted share count is down 1.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 3.29× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -12.9% per year over the latest 5-year window.
- TTM repurchases used about 89% of free cash flow remaining after dividends.
Dividend & buyback yield over time for PepsiCo (PEP)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for PepsiCo (PEP)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for PepsiCo (PEP)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for PepsiCo (PEP)
Latest: $1.00B
Overview
In 2025, PepsiCo (PEP) buyback spend totalled $1.00B – edged up 0.0% year-over-year.
PepsiCo buyback spend compound annual growth for the 2020–2025 (5 years) window is -12.9%, with a net decline across the window.
PepsiCo buyback spend plunged from $5.01B in 2014 to $1.00B in 2025, a 80.0% drawdown.
The record annual buyback spend stands at $5.01B, reached in 2014; the historical low of $0.00 was recorded in 1989.
PepsiCo Buyback Spend 2025: $1.00B
PepsiCo posted buyback spend of $1.00B in 2025, edged up 0.0% from 2024.
PepsiCo Buyback Spend 2024: $1.00B
In 2024, PepsiCo reported buyback spend of $1.00B, edged up 0.0% from 2023.
PepsiCo Buyback Spend 2023: $1.00B
PepsiCo buyback spend in 2023 was $1.00B, plunged 33.3% below 2022.
PepsiCo Buyback Spend 2022: $1.50B
2022's buyback spend for PepsiCo came in at $1.50B, surged 1315.1% from 2021.
PepsiCo Buyback Spend 2021: $106.00M
PepsiCo buyback spend in 2021 was $106.00M.
See more financial history for PepsiCo (PEP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.00B | $288.00M | $712.00M | 0.51% | 1.37B | -0.4% | |
| 2024 | $1.00B | $362.00M | $638.00M | 0.48% | 1.38B | -0.4% | |
| 2023 | $1.00B | $380.00M | $620.00M | 0.43% | 1.38B | -0.3% | |
| 2022 | $1.50B | $343.00M | $1.16B | 0.60% | 1.39B | -0.1% | |
| 2021 | $106.00M | $301.00M | −$195.00M | 0.04% | 1.39B | -0.2% | |
| 2020 | $2.00B | $264.00M | $1.74B | 0.98% | 1.39B | -1.1% | |
| 2019 | $3.00B | $237.00M | $2.76B | 1.58% | 1.41B | -1.3% | |
| 2018 | $2.00B | $256.00M | $1.74B | 1.28% | 1.43B | -0.9% | |
| 2017 | $2.00B | $292.00M | $1.71B | 1.18% | 1.44B | -1.0% | |
| 2016 | $3.01B | $284.00M | $2.72B | 2.01% | 1.45B | -2.2% | |
| 2015 | $5.00B | $295.00M | $4.71B | 3.46% | 1.49B | -2.8% | |
| 2014 | $5.01B | $294.00M | $4.72B | 3.56% | 1.53B | -2.1% | |
| 2013 | $3.01B | $303.00M | $2.71B | 2.37% | 1.56B | -1.0% | |
| 2012 | $3.23B | $273.00M | $2.95B | 3.05% | 1.57B | -1.4% | |
| 2011 | $2.50B | $326.00M | $2.17B | 2.39% | 1.60B | -1.1% | |
| 2010 | $4.98B | $299.00M | $4.68B | 4.82% | 1.61B | +2.3% | |
| 2009 | $7.00M | $227.00M | −$220.00M | 0.01% | 1.58B | -1.6% | |
| 2008 | $4.73B | $238.00M | $4.49B | 5.58% | 1.60B | -3.4% | |
| 2007 | $4.31B | $260.00M | $4.05B | 3.53% | 1.66B | -1.7% | |
| 2006 | $3.01B | $270.00M | $2.74B | 2.95% | 1.69B | -1.1% | |
| 2005 | $3.03B | $0.00 | $3.03B | 3.06% | 1.71B | -1.1% | |
| 2004 | $3.06B | $0.00 | $3.06B | 3.52% | 1.73B | -0.8% | |
| 2003 | $1.95B | $0.00 | $1.95B | 2.45% | 1.74B | -2.5% | |
| 2002 | $2.19B | $0.00 | $2.19B | 3.00% | 1.78B | -1.0% | |
| 2001 | $1.73B | $0.00 | $1.73B | 1.98% | 1.80B | +0.6% | |
| 2000 | $1.68B | $0.00 | $1.68B | — | 1.79B | +19.7% | |
| 1999 | $1.67B | $0.00 | $1.67B | — | 1.50B | -1.5% | |
| 1998 | $2.23B | $0.00 | $2.23B | — | 1.52B | -3.2% | |
| 1997 | $2.46B | $0.00 | $2.46B | — | 1.57B | -2.2% | |
| 1996 | $1.65B | $0.00 | $1.65B | — | 1.61B | — | |
| 1995 | $541.00M | $0.00 | $541.00M | — | — | — | |
| 1994 | $549.10M | $0.00 | $549.10M | — | — | — | |
| 1993 | $463.50M | $0.00 | $463.50M | — | — | — | |
| 1992 | $32.00M | $0.00 | $32.00M | — | — | — | |
| 1991 | $195.20M | $0.00 | $195.20M | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$1.00B
- 2024$1.00B
- 2023$1.00B
- 2022$1.50B
- 2021$106.00M
- 2020$2.00B
- 2019$3.00B
- 2018$2.00B
- 2017$2.00B
- 2016$3.01B
- 2015$5.00B
- 2014$5.01B
- 2013$3.01B
- 2012$3.23B
- 2011$2.50B
- 2010$4.98B
- 2009$7.00M
- 2008$4.73B
- 2007$4.31B
- 2006$3.01B
- 2005$3.03B
- 2004$3.06B
- 2003$1.95B
- 2002$2.19B
- 2001$1.73B
- 2000$1.68B
- 1999$1.67B
- 1998$2.23B
- 1997$2.46B
- 1996$1.65B
- 1995$541.00M
- 1994$549.10M
- 1993$463.50M
- 1992$32.00M
- 1991$195.20M
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for PepsiCo (PEP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.29×.
Buybacks vs dividends (share of cash returned) for PepsiCo (PEP)
How PepsiCo splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as PepsiCo, ranked by their latest buyback spend.
| $8.09B | |
| $6.50B | |
| $2.38B | |
| $1.00B | |
| $903.00M | |
| $746.00M | |
| $103.65M | |
| $0.00 |
- $8.09B
- $6.50B
- $1.00B
- $903.00M
- $746.00M
- $103.65M
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.12B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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