TTM
9.3%
YoY change
+0.34pp
Trough year (1998)
-12.2%
Peak year (1997)
39.0%
Latest annual
8.2%
FCF Margin history chart for PepsiCo (PEP) from 1989 to 2025
Latest: 8.2%
FCF Margin change chart for PepsiCo (PEP) from 1989 to 2025
Latest: +0.34pp
FCF Margin history table for PepsiCo (PEP) from 1989 to 2025
| 2025 | 8.2% | +0.34pp | ||
| 2024 | 7.8% | -0.84pp | ||
| 2023 | 8.7% | +2.18pp | ||
| 2022 | 6.5% | -2.31pp | ||
| 2021 | 8.8% | -0.26pp | ||
| 2020 | 9.1% | +0.99pp | ||
| 2019 | 8.1% | -1.42pp | ||
| 2018 | 9.5% | -1.57pp | ||
| 2017 | 11.1% | -0.67pp | ||
| 2016 | 11.7% | -0.68pp | ||
| 2015 | 12.4% | +0.94pp | ||
| 2014 | 11.5% | +1.09pp | ||
| 2013 | 10.4% | +1.58pp | ||
| 2012 | 8.8% | +0.37pp | ||
| 2011 | 8.4% | -0.55pp | ||
| 2010 | 9.0% | -1.82pp | ||
| 2009 | 10.8% | +0.27pp | ||
| 2008 | 10.5% | -0.88pp | ||
| 2007 | 11.4% | -0.02pp | ||
| 2006 | 11.4% | -1.21pp | ||
| 2005 | 12.6% | +0.11pp | ||
| 2004 | 12.5% | +1.47pp | ||
| 2003 | 11.1% | -1.64pp | ||
| 2002 | 12.7% | +0.47pp | ||
| 2001 | 12.2% | +0.12pp | ||
| 2000 | 12.1% | +6.23pp | ||
| 1999 | 5.9% | +18.11pp | ||
| 1998 | -12.2% | -51.18pp | ||
| 1997 | 39.0% | +28.30pp | ||
| 1996 | 10.7% | +2.06pp | ||
| 1995 | 8.6% | +3.45pp | ||
| 1994 | 5.1% | +0.53pp | ||
| 1993 | 4.6% | -0.68pp | ||
| 1992 | 5.3% | +0.33pp | ||
| 1991 | 5.0% | -0.26pp | ||
| 1990 | 5.2% | -0.96pp | ||
| 1989 | 6.2% | — |
- 20258.2%+0.34pp
- 20247.8%-0.84pp
- 20238.7%+2.18pp
- 20226.5%-2.31pp
- 20218.8%-0.26pp
- 20209.1%+0.99pp
- 20198.1%-1.42pp
- 20189.5%-1.57pp
- 201711.1%-0.67pp
- 201611.7%-0.68pp
- 201512.4%+0.94pp
- 201411.5%+1.09pp
- 201310.4%+1.58pp
- 20128.8%+0.37pp
- 20118.4%-0.55pp
- 20109.0%-1.82pp
- 200910.8%+0.27pp
- 200810.5%-0.88pp
- 200711.4%-0.02pp
- 200611.4%-1.21pp
- 200512.6%+0.11pp
- 200412.5%+1.47pp
- 200311.1%-1.64pp
- 200212.7%+0.47pp
- 200112.2%+0.12pp
- 200012.1%+6.23pp
- 19995.9%+18.11pp
- 1998-12.2%-51.18pp
- 199739.0%+28.30pp
- 199610.7%+2.06pp
- 19958.6%+3.45pp
- 19945.1%+0.53pp
- 19934.6%-0.68pp
- 19925.3%+0.33pp
- 19915.0%-0.26pp
- 19905.2%-0.96pp
- 19896.2%—
FCF Margin values are taken from PepsiCo's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at PepsiCo (PEP)
According to PepsiCo's latest reported financial statements, the company's latest reported free cash flow margin is 9.3%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, PepsiCo (PEP) free cash flow margin totalled 8.17% – expanded 0.3 percentage points year-over-year.
The record annual free cash flow margin stands at 38.96%, reached in 1997; the historical low of -12.22% was recorded in 1998.
PepsiCo FCF Margin by Year
PepsiCo FCF Margin 2025: 8.2%
PepsiCo free cash flow margin in 2025 was 8.17%, expanded 0.3 percentage points from 2024.
PepsiCo FCF Margin 2024: 7.8%
2024's free cash flow margin for PepsiCo came in at 7.83%, contracted 0.8 percentage points from 2023.
PepsiCo FCF Margin 2023: 8.7%
PepsiCo posted free cash flow margin of 8.66% in 2023, expanded 2.2 percentage points from 2022.
PepsiCo FCF Margin 2022: 6.5%
In 2022, PepsiCo reported free cash flow margin of 6.49%, contracted 2.3 percentage points from 2021.
PepsiCo FCF Margin 2021: 8.8%
PepsiCo free cash flow margin in 2021 was 8.80%.
See more financial history for PepsiCo (PEP).
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