TTM
$14.12B
YoY change
+4.7%
5Y CAGR
+6.0%
Peak year (2025)
$13.49B
Cumulative operating income
$259.67B
Operating Income history chart for PepsiCo (PEP) from 1985 to 2025
Latest: $13.49B
Operating Income growth chart for PepsiCo (PEP) from 1985 to 2025
Latest: +4.7%
Operating Income history table for PepsiCo (PEP) from 1985 to 2025
| 2025 | $13.49B | +4.7% | +$604.00M | ||
| 2024 | $12.89B | +7.5% | +$901.00M | ||
| 2023 | $11.99B | +4.1% | +$474.00M | ||
| 2022 | $11.51B | +3.1% | +$350.00M | ||
| 2021 | $11.16B | +10.7% | +$1.08B | ||
| 2020 | $10.08B | -2.1% | −$211.00M | ||
| 2019 | $10.29B | +1.8% | +$181.00M | ||
| 2018 | $10.11B | -1.6% | −$166.00M | ||
| 2017 | $10.28B | +4.8% | +$472.00M | ||
| 2016 | $9.80B | +17.4% | +$1.45B | ||
| 2015 | $8.35B | -12.8% | −$1.23B | ||
| 2014 | $9.58B | -1.3% | −$124.00M | ||
| 2013 | $9.71B | +6.5% | +$593.00M | ||
| 2012 | $9.11B | -5.4% | −$521.00M | ||
| 2011 | $9.63B | +15.6% | +$1.30B | ||
| 2010 | $8.33B | +3.6% | +$288.00M | ||
| 2009 | $8.04B | +15.6% | +$1.08B | ||
| 2008 | $6.96B | -2.9% | −$211.00M | ||
| 2007 | $7.17B | +10.3% | +$668.00M | ||
| 2006 | $6.50B | +9.8% | +$580.00M | ||
| 2005 | $5.92B | +12.6% | +$663.00M | ||
| 2004 | $5.26B | +10.0% | +$478.00M | ||
| 2003 | $4.78B | +11.3% | +$486.00M | ||
| 2002 | $4.29B | +18.1% | +$659.00M | ||
| 2001 | $3.64B | -4.8% | −$182.00M | ||
| 2000 | $3.82B | +9.6% | +$335.00M | ||
| 1999 | $3.48B | +21.3% | +$611.00M | ||
| 1998 | $2.87B | -2.7% | −$80.00M | ||
| 1997 | $2.95B | +12.8% | +$336.00M | ||
| 1996 | $2.62B | -2.1% | −$56.00M | ||
| 1995 | $2.67B | -16.5% | −$529.20M | ||
| 1994 | $3.20B | +10.1% | +$294.70M | ||
| 1993 | $2.91B | +10.2% | +$269.40M | ||
| 1992 | $2.64B | +13.1% | +$305.50M | ||
| 1991 | $2.33B | +3.9% | +$86.90M | ||
| 1990 | $2.24B | +25.9% | +$461.80M | ||
| 1989 | $1.78B | +31.1% | +$422.90M | ||
| 1988 | $1.36B | +19.0% | +$216.70M | ||
| 1987 | $1.14B | +39.3% | +$322.70M | ||
| 1986 | $820.60M | +11.3% | +$83.50M | ||
| 1985 | $737.10M | — | — |
- 2025$13.49B+4.7%
- 2024$12.89B+7.5%
- 2023$11.99B+4.1%
- 2022$11.51B+3.1%
- 2021$11.16B+10.7%
- 2020$10.08B-2.1%
- 2019$10.29B+1.8%
- 2018$10.11B-1.6%
- 2017$10.28B+4.8%
- 2016$9.80B+17.4%
- 2015$8.35B-12.8%
- 2014$9.58B-1.3%
- 2013$9.71B+6.5%
- 2012$9.11B-5.4%
- 2011$9.63B+15.6%
- 2010$8.33B+3.6%
- 2009$8.04B+15.6%
- 2008$6.96B-2.9%
- 2007$7.17B+10.3%
- 2006$6.50B+9.8%
- 2005$5.92B+12.6%
- 2004$5.26B+10.0%
- 2003$4.78B+11.3%
- 2002$4.29B+18.1%
- 2001$3.64B-4.8%
- 2000$3.82B+9.6%
- 1999$3.48B+21.3%
- 1998$2.87B-2.7%
- 1997$2.95B+12.8%
- 1996$2.62B-2.1%
- 1995$2.67B-16.5%
- 1994$3.20B+10.1%
- 1993$2.91B+10.2%
- 1992$2.64B+13.1%
- 1991$2.33B+3.9%
- 1990$2.24B+25.9%
- 1989$1.78B+31.1%
- 1988$1.36B+19.0%
- 1987$1.14B+39.3%
- 1986$820.60M+11.3%
- 1985$737.10M—
Operating Income 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 Operating Income at PepsiCo (PEP)
According to PepsiCo's latest reported financial statements, the company's current operating income (TTM) is $14.12B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual operating income for PepsiCo (PEP) came in at $13.49B – edged up 4.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, PepsiCo operating income compounded at +6.0% per year, sustaining 5 straight years of year-over-year growth.
Across the available history, operating income reached its high of $13.49B in 2025 and its low of $737.10M in 1985.
PepsiCo Operating Income by Year
PepsiCo Operating Income 2025: $13.49B
2025's operating income for PepsiCo came in at $13.49B, edged up 4.7% from 2024. This figure represents the highest annual value in the available history.
PepsiCo Operating Income 2024: $12.89B
PepsiCo posted operating income of $12.89B in 2024, grew 7.5% from 2023.
PepsiCo Operating Income 2023: $11.99B
In 2023, PepsiCo reported operating income of $11.99B, edged up 4.1% from 2022.
PepsiCo Operating Income 2022: $11.51B
PepsiCo operating income in 2022 was $11.51B, edged up 3.1% from 2021.
PepsiCo Operating Income 2021: $11.16B
PepsiCo operating income in 2021 was $11.16B.
See more financial history for PepsiCo (PEP).
Sector peers by Operating Income
Consumer Defensive peers of PepsiCo (PEP), ranked by their latest operating income
| $29.82B | |
| $20.45B | |
| $15.06B | |
| $14.93B | |
| $13.76B | |
| $10.38B | |
| $3.62B | |
| $2.42B |
- $29.82B
- $20.45B
- $15.06B
- $13.76B
- $10.38B
- $2.42B
Frequently asked questions
PepsiCo (PEP) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation