Free Cash Flow for PepsiCo (PEP)
Free Cash Flow for PepsiCo (PEP): headline value $8.84B · YoY +6.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PEP
Currently viewingFree Cash FlowSwitch metric
Latest period
$8.84B
YoY change
+6.7%
5Y CAGR
+3.8%
Peak year (1997)
$8.15B
Latest annual
$7.67B
Free Cash Flow history chart for PepsiCo (PEP) from 1989 to 2025
Free Cash Flow history table for PepsiCo (PEP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $7.67B | +6.7% | ||
| 2024 | $7.19B | -9.3% | ||
| 2023 | $7.92B | +41.4% | ||
| 2022 | $5.60B | -19.8% | ||
| 2021 | $6.99B | +9.7% | ||
| 2020 | $6.37B | +17.6% | ||
| 2019 | $5.42B | -11.7% | ||
| 2018 | $6.13B | -12.7% | ||
| 2017 | $7.03B | -4.6% | ||
| 2016 | $7.36B | -5.9% | ||
| 2015 | $7.82B | +2.3% | ||
| 2014 | $7.65B | +10.9% | ||
| 2013 | $6.89B | +19.6% | ||
| 2012 | $5.76B | +2.9% | ||
| 2011 | $5.61B | +7.9% | ||
| 2010 | $5.20B | +11.3% | ||
| 2009 | $4.67B | +2.5% | ||
| 2008 | $4.55B | +1.1% | ||
| 2007 | $4.50B | +12.2% | ||
| 2006 | $4.02B | -2.4% | ||
| 2005 | $4.12B | +12.2% | ||
| 2004 | $3.67B | +22.9% | ||
| 2003 | $2.98B | -6.5% | ||
| 2002 | $3.19B | +10.9% | ||
| 2001 | $2.88B | -6.8% | ||
| 2000 | $3.09B | +108.8% | ||
| 1999 | $1.48B | -154.2% | ||
| 1998 | -$2.73B | -133.5% | ||
| 1997 | $8.15B | +276.0% | ||
| 1996 | $2.17B | +32.3% | ||
| 1995 | $1.64B | +12.0% | ||
| 1994 | $1.46B | +26.9% | ||
| 1993 | $1.15B | -0.8% | ||
| 1992 | $1.16B | +19.5% | ||
| 1991 | $972.50M | +4.6% | ||
| 1990 | $929.90M | -1.3% | ||
| 1989 | $942.10M | — |
Free Cash Flow 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
In 2025, PepsiCo (PEP) free cash flow totalled $7.67B – grew 6.7% year-over-year.
Over 2020–2025 (5 years), PepsiCo free cash flow expanded at a +3.8% compound annual rate, with the latest reading among the more recent periods of the dataset.
PepsiCo free cash flow declined from $8.15B in 1997 to $7.67B in 2025, a 5.9% drawdown.
$8.15B stands as the all-time-high annual free cash flow, posted in 1997, against a low of -$2.73B during 1998.
Within Consumer Defensive, PepsiCo (PEP) ranks 6th among 8 peers we track. The peer median for free cash flow is $8.46B.
PepsiCo Free Cash Flow by Year
PepsiCo Free Cash Flow 2025: $7.67B
PepsiCo free cash flow in 2025 was $7.67B, grew 6.7% from 2024.
PepsiCo Free Cash Flow 2024: $7.19B
PepsiCo free cash flow in 2024 was $7.19B, declined 9.3% below 2023.
PepsiCo Free Cash Flow 2023: $7.92B
PepsiCo free cash flow in 2023 was $7.92B, surged 41.4% from 2022.
PepsiCo Free Cash Flow 2022: $5.60B
PepsiCo free cash flow in 2022 was $5.60B, declined 19.8% below 2021.
PepsiCo Free Cash Flow 2021: $6.99B
PepsiCo free cash flow in 2021 was $6.99B.
See more financial history for PepsiCo (PEP).
Sector peers — Free Cash Flow
Companies in the same sector as PepsiCo, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $14.92B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $14.04B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $10.66B | Consumer Defensive |
| Altria Group, Inc. (MO) | $9.07B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $7.84B | Consumer Defensive |
| The Coca-Cola Company (KO) | $5.30B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.23B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $1.97B | Consumer Defensive |
Frequently asked questions
What is PepsiCo's free cash flow?
Latest reported free cash flow for PepsiCo (PEP) is $8.84B (period ending March 21, 2026).
How has PepsiCo free cash flow changed year-over-year?
PepsiCo (PEP) free cash flow changed +6.7% year-over-year on the latest annual filing.
What is the long-term growth rate of PepsiCo free cash flow?
PepsiCo (PEP) free cash flow compound annual growth rate is +3.8% over the most recent 5 years available.
When did PepsiCo free cash flow hit its highest annual value?
PepsiCo free cash flow reached its highest annual value of $8.15B in 1997.
What was PepsiCo free cash flow in 2024?
PepsiCo (PEP) free cash flow in 2024 was $7.19B.
What was PepsiCo free cash flow in 2025?
PepsiCo (PEP) free cash flow in 2025 was $7.67B.
Metrics overview
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