PepsiCo Q1 FY26: where the revenue came from and where it went
The whole income statement of PepsiCo for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Dec 28, 2025 – Mar 21, 2026
- Reported
- Apr 16, 2026
Revenue$19.4B
+9% year over year
Gross profit$10.7B
55% margin
Operating profit$3.2B
17% margin
Net profit$2.3B
12% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 19.4 | 100% | +9% |
| Beverages North America | 6.4 | 33% | +9% |
| Foods North America | 6.3 | 33% | +2% |
| Europe Middle East Africa | 2.8 | 14% | +18% |
| Latin America foods | 1.9 | 10% | +16% |
| Asia Pacific foods | 1.1 | 6% | +11% |
| International beverage | 0.8 | 4% | +9% |
| Cost of revenue | −8.7 | 45% | |
| Gross profit | 10.7 | 55% margin | −1pp |
| SG&A | −7.5 | 39% | −3pp |
| Operating profit | 3.2 | 17% margin | +2pp |
| Interest & other costs | −0.3 | ||
| Tax | −0.6 | ||
| Net profit | 2.3 | 12% margin | +2pp |
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