TTM
54.1%
YoY change
−0.41pp
Trough year (2012)
52.2%
Peak year (1987)
66.1%
Latest annual
54.1%
Gross Margin history chart for PepsiCo (PEP) from 1985 to 2025
Latest: 54.1%
Gross Margin change chart for PepsiCo (PEP) from 1985 to 2025
Latest: −0.41pp
Gross Margin history table for PepsiCo (PEP) from 1985 to 2025
| 2025 | 54.1% | -0.41pp | ||
| 2024 | 54.6% | +0.34pp | ||
| 2023 | 54.2% | +1.18pp | ||
| 2022 | 53.0% | -0.32pp | ||
| 2021 | 53.3% | -1.47pp | ||
| 2020 | 54.8% | -0.32pp | ||
| 2019 | 55.1% | +0.57pp | ||
| 2018 | 54.6% | -0.11pp | ||
| 2017 | 54.7% | -0.39pp | ||
| 2016 | 55.1% | +0.62pp | ||
| 2015 | 54.4% | +1.28pp | ||
| 2014 | 53.2% | +0.20pp | ||
| 2013 | 53.0% | +0.74pp | ||
| 2012 | 52.2% | -0.27pp | ||
| 2011 | 52.5% | -1.56pp | ||
| 2010 | 54.1% | +0.54pp | ||
| 2009 | 53.5% | +0.56pp | ||
| 2008 | 52.9% | -1.36pp | ||
| 2007 | 54.3% | -0.84pp | ||
| 2006 | 55.1% | -1.32pp | ||
| 2005 | 56.5% | -0.22pp | ||
| 2004 | 56.7% | +2.58pp | ||
| 2003 | 54.1% | -0.11pp | ||
| 2002 | 54.2% | -0.06pp | ||
| 2001 | 54.3% | -5.59pp | ||
| 2000 | 59.9% | +1.02pp | ||
| 1999 | 58.8% | -3.93pp | ||
| 1998 | 62.8% | -0.80pp | ||
| 1997 | 63.6% | +0.88pp | ||
| 1996 | 62.7% | +0.55pp | ||
| 1995 | 62.2% | +5.88pp | ||
| 1994 | 56.3% | -0.54pp | ||
| 1993 | 56.8% | -0.96pp | ||
| 1992 | 57.8% | +0.41pp | ||
| 1991 | 57.4% | +0.76pp | ||
| 1990 | 56.6% | +0.53pp | ||
| 1989 | 56.1% | -0.67pp | ||
| 1988 | 56.7% | -9.33pp | ||
| 1987 | 66.1% | +1.93pp | ||
| 1986 | 64.1% | -0.39pp | ||
| 1985 | 64.5% | — |
- 202554.1%-0.41pp
- 202454.6%+0.34pp
- 202354.2%+1.18pp
- 202253.0%-0.32pp
- 202153.3%-1.47pp
- 202054.8%-0.32pp
- 201955.1%+0.57pp
- 201854.6%-0.11pp
- 201754.7%-0.39pp
- 201655.1%+0.62pp
- 201554.4%+1.28pp
- 201453.2%+0.20pp
- 201353.0%+0.74pp
- 201252.2%-0.27pp
- 201152.5%-1.56pp
- 201054.1%+0.54pp
- 200953.5%+0.56pp
- 200852.9%-1.36pp
- 200754.3%-0.84pp
- 200655.1%-1.32pp
- 200556.5%-0.22pp
- 200456.7%+2.58pp
- 200354.1%-0.11pp
- 200254.2%-0.06pp
- 200154.3%-5.59pp
- 200059.9%+1.02pp
- 199958.8%-3.93pp
- 199862.8%-0.80pp
- 199763.6%+0.88pp
- 199662.7%+0.55pp
- 199562.2%+5.88pp
- 199456.3%-0.54pp
- 199356.8%-0.96pp
- 199257.8%+0.41pp
- 199157.4%+0.76pp
- 199056.6%+0.53pp
- 198956.1%-0.67pp
- 198856.7%-9.33pp
- 198766.1%+1.93pp
- 198664.1%-0.39pp
- 198564.5%—
Gross 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 Gross Margin at PepsiCo (PEP)
According to PepsiCo's latest reported financial statements, the company's latest reported gross margin is 54.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for PepsiCo (PEP) came in at 54.15% – contracted 0.4 percentage points year-over-year.
The highest annual gross margin of 66.08% was reported in 1987. The lowest in the available history was 52.22% in 2012.
PepsiCo Gross Margin by Year
PepsiCo Gross Margin 2025: 54.1%
In 2025, PepsiCo reported gross margin of 54.15%, contracted 0.4 percentage points from 2024.
PepsiCo Gross Margin 2024: 54.6%
PepsiCo gross margin in 2024 was 54.55%, expanded 0.3 percentage points from 2023.
PepsiCo Gross Margin 2023: 54.2%
2023's gross margin for PepsiCo came in at 54.21%, expanded 1.2 percentage points from 2022.
PepsiCo Gross Margin 2022: 53.0%
PepsiCo posted gross margin of 53.03% in 2022, contracted 0.3 percentage points from 2021.
PepsiCo Gross Margin 2021: 53.3%
PepsiCo gross margin in 2021 was 53.35%.
See more financial history for PepsiCo (PEP).
Sector peers by Gross Margin
Consumer Defensive peers of PepsiCo (PEP), ranked by their latest gross margin
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