Capital Expenditures for PepsiCo (PEP)
According to PepsiCo's latest reported financial statements, the company's current capital expenditures (TTM) is $4.26B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PEP
Currently viewingCapital ExpendituresSwitch metric
Latest period
$4.26B
YoY change
-17.0%
5Y CAGR
+0.8%
Peak year (1998)
$5.94B
Cumulative capital expenditures
$100.31B
CapEx history chart for PepsiCo (PEP) from 1989 to 2025
CapEx history table for PepsiCo (PEP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $4.42B | -17.0% | ||
| 2024 | $5.32B | -3.6% | ||
| 2023 | $5.52B | +6.0% | ||
| 2022 | $5.21B | +12.6% | ||
| 2021 | $4.63B | +9.1% | ||
| 2020 | $4.24B | +0.2% | ||
| 2019 | $4.23B | +28.9% | ||
| 2018 | $3.28B | +10.5% | ||
| 2017 | $2.97B | -2.3% | ||
| 2016 | $3.04B | +10.2% | ||
| 2015 | $2.76B | -3.5% | ||
| 2014 | $2.86B | +2.3% | ||
| 2013 | $2.79B | +3.0% | ||
| 2012 | $2.71B | -18.7% | ||
| 2011 | $3.34B | +2.6% | ||
| 2010 | $3.25B | +52.9% | ||
| 2009 | $2.13B | -13.0% | ||
| 2008 | $2.45B | +0.7% | ||
| 2007 | $2.43B | +17.5% | ||
| 2006 | $2.07B | +19.1% | ||
| 2005 | $1.74B | +25.2% | ||
| 2004 | $1.39B | +3.1% | ||
| 2003 | $1.34B | -6.4% | ||
| 2002 | $1.44B | +8.5% | ||
| 2001 | $1.32B | -2.1% | ||
| 2000 | $1.35B | -12.7% | ||
| 1999 | $1.55B | -73.9% | ||
| 1998 | $5.94B | +294.6% | ||
| 1997 | $1.51B | -7.6% | ||
| 1996 | $1.63B | -22.5% | ||
| 1995 | $2.10B | -6.6% | ||
| 1994 | $2.25B | +13.7% | ||
| 1993 | $1.98B | +27.9% | ||
| 1992 | $1.55B | +6.3% | ||
| 1991 | $1.46B | +23.5% | ||
| 1990 | $1.18B | +25.0% | ||
| 1989 | $943.80M | — |
CapEx values are taken from PepsiCo's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of PepsiCo (PEP) capital expenditures is $4.42B – declined 17.0% year-over-year.
Over 2020–2025 (5 years), PepsiCo capital expenditures expanded at a +0.8% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 1998 and 2025, PepsiCo capital expenditures declined 25.7%, falling from $5.94B to $4.42B.
1998 marks the peak capital expenditures at $5.94B, with the historical low of $943.80M recorded in 1989.
PepsiCo (PEP) sits 3rd of 8 Consumer Defensive peers we track on this metric, against a peer median of $1.84B.
PepsiCo Capital Expenditures by Year
PepsiCo Capital Expenditures 2025: $4.42B
PepsiCo capital expenditures in 2025 was $4.42B, declined 17.0% below 2024.
PepsiCo Capital Expenditures 2024: $5.32B
PepsiCo capital expenditures in 2024 was $5.32B, edged down 3.6% below 2023.
PepsiCo Capital Expenditures 2023: $5.52B
PepsiCo capital expenditures in 2023 was $5.52B, grew 6.0% from 2022.
PepsiCo Capital Expenditures 2022: $5.21B
PepsiCo capital expenditures in 2022 was $5.21B, grew 12.6% from 2021.
PepsiCo Capital Expenditures 2021: $4.63B
PepsiCo capital expenditures in 2021 was $4.63B.
See more financial history for PepsiCo (PEP).
Sector peers — CapEx
Companies in the same sector as PepsiCo, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $26.64B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $5.50B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $3.77B | Consumer Defensive |
| The Coca-Cola Company (KO) | $2.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $1.57B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $1.28B | Consumer Defensive |
| Altria Group, Inc. (MO) | $216.00M | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $132.28M | Consumer Defensive |
Frequently asked questions
What is PepsiCo's capital expenditures?
- Latest reported capital expenditures for PepsiCo (PEP) is $4.26B (period ending March 21, 2026).
How has PepsiCo capital expenditures changed year-over-year?
- PepsiCo (PEP) capital expenditures changed -17.0% year-over-year on the latest annual filing.
What is the long-term growth rate of PepsiCo capital expenditures?
- PepsiCo (PEP) capital expenditures compound annual growth rate is +0.8% over the most recent 5 years available.
When did PepsiCo capital expenditures hit its highest annual value?
- PepsiCo capital expenditures reached its highest annual value of $5.94B in 1998.
What was PepsiCo capital expenditures in 2024?
- PepsiCo (PEP) capital expenditures in 2024 was $5.32B.
What was PepsiCo capital expenditures in 2025?
- PepsiCo (PEP) capital expenditures in 2025 was $4.42B.
Metrics overview
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