Shares Outstanding for PepsiCo (PEP)
According to PepsiCo's latest reported financial statements, the company's latest reported diluted shares outstanding is 1.37B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PEP
Currently viewingShares OutstandingSwitch metric
Latest period
1.37B
YoY change
-0.4%
5Y CAGR
-0.3%
Peak year (2001)
1.80B
Latest annual
1.37B
Shares Outstanding history chart for PepsiCo (PEP) from 1985 to 2025
Shares Outstanding history table for PepsiCo (PEP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 1.37B | -0.4% | ||
| 2024 | 1.38B | -0.4% | ||
| 2023 | 1.38B | -0.3% | ||
| 2022 | 1.39B | -0.1% | ||
| 2021 | 1.39B | -0.2% | ||
| 2020 | 1.39B | -1.1% | ||
| 2019 | 1.41B | -1.3% | ||
| 2018 | 1.43B | -0.9% | ||
| 2017 | 1.44B | -1.0% | ||
| 2016 | 1.45B | -2.2% | ||
| 2015 | 1.49B | -2.8% | ||
| 2014 | 1.53B | -2.1% | ||
| 2013 | 1.56B | -1.0% | ||
| 2012 | 1.57B | -1.4% | ||
| 2011 | 1.60B | -1.1% | ||
| 2010 | 1.61B | +2.3% | ||
| 2009 | 1.58B | -1.6% | ||
| 2008 | 1.60B | -3.4% | ||
| 2007 | 1.66B | -1.7% | ||
| 2006 | 1.69B | -1.1% | ||
| 2005 | 1.71B | -1.1% | ||
| 2004 | 1.73B | -0.8% | ||
| 2003 | 1.74B | -2.5% | ||
| 2002 | 1.78B | -1.0% | ||
| 2001 | 1.80B | +0.6% | ||
| 2000 | 1.79B | +19.7% | ||
| 1999 | 1.50B | -1.5% | ||
| 1998 | 1.52B | -3.2% | ||
| 1997 | 1.57B | -2.2% | ||
| 1996 | 1.61B | -0.1% | ||
| 1995 | 1.61B | -0.0% | ||
| 1994 | 1.61B | -0.3% | ||
| 1993 | 1.61B | -0.9% | ||
| 1992 | 1.63B | +2.4% | ||
| 1991 | 1.59B | +0.3% | ||
| 1990 | 1.58B | +0.1% | ||
| 1989 | 1.58B | +1.7% | ||
| 1988 | 1.56B | -0.6% | ||
| 1987 | 1.57B | -0.8% | ||
| 1986 | 1.58B | -4.2% | ||
| 1985 | 1.65B | — |
Shares Outstanding values are taken from PepsiCo's reported income 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) diluted shares outstanding is 1.37B – edged down 0.4% year-over-year.
Over 2020–2025 (5 years), PepsiCo diluted shares outstanding expanded at a -0.3% compound annual rate, with a net decline across the window.
PepsiCo diluted shares outstanding declined from 1.80B in 2001 to 1.37B in 2025, a 23.8% drawdown.
Across the available history, diluted shares outstanding reached its high of 1.80B in 2001 and its low of 1.37B in 2025.
Among 8 Consumer Defensive peers, PepsiCo (PEP) ranks 6th; the peer median for diluted shares outstanding is 1.62B.
PepsiCo Shares Outstanding by Year
PepsiCo Shares Outstanding 2025: 1.37B
PepsiCo diluted shares outstanding in 2025 was 1.37B, edged down 0.4% below 2024. This figure represents the lowest annual value in the available history.
PepsiCo Shares Outstanding 2024: 1.38B
PepsiCo diluted shares outstanding in 2024 was 1.38B, edged down 0.4% below 2023.
PepsiCo Shares Outstanding 2023: 1.38B
PepsiCo diluted shares outstanding in 2023 was 1.38B, edged down 0.3% below 2022.
PepsiCo Shares Outstanding 2022: 1.39B
PepsiCo diluted shares outstanding in 2022 was 1.39B, edged down 0.1% below 2021.
PepsiCo Shares Outstanding 2021: 1.39B
PepsiCo diluted shares outstanding in 2021 was 1.39B.
See more financial history for PepsiCo (PEP).
Sector peers — Shares Outstanding
Companies in the same sector as PepsiCo, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Walmart Inc. (WMT) | 8.02B | Consumer Defensive |
| The Coca-Cola Company (KO) | 4.31B | Consumer Defensive |
| The Procter & Gamble Company (PG) | 2.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | 1.68B | Consumer Defensive |
| Philip Morris International Inc. (PM) | 1.56B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | 1.30B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | 984.45M | Consumer Defensive |
| Costco Wholesale Corporation (COST) | 444.80M | Consumer Defensive |
Frequently asked questions
What is PepsiCo's diluted shares outstanding?
- Latest reported diluted shares outstanding for PepsiCo (PEP) is 1.37B (period ending March 21, 2026).
How has PepsiCo diluted shares outstanding changed year-over-year?
- PepsiCo (PEP) diluted shares outstanding changed -0.4% year-over-year on the latest annual filing.
What is the long-term growth rate of PepsiCo diluted shares outstanding?
- PepsiCo (PEP) diluted shares outstanding compound annual growth rate is -0.3% over the most recent 5 years available.
When did PepsiCo diluted shares outstanding hit its highest annual value?
- PepsiCo diluted shares outstanding reached its highest annual value of 1.80B in 2001.
What was PepsiCo diluted shares outstanding in 2024?
- PepsiCo (PEP) diluted shares outstanding in 2024 was 1.38B.
What was PepsiCo diluted shares outstanding in 2025?
- PepsiCo (PEP) diluted shares outstanding in 2025 was 1.37B.
Metrics overview
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