Q4 25 EPS
$2.26
BEAT +0.89%
Est. $2.24
Q4 25 Revenue
$29.34B
vs S&P Since Q4 25
-2.6%
TRAILING MARKET
PEP +1.9% vs S&P +4.5%
Full Year 2025 Results
FY 25 EPS
$8.14
BEAT +0.33%
Est. $8.11
FY 25 Revenue
$93.93B
BEAT +0.56%
Est. $93.40B
Market Reaction
Did PEP Beat Earnings? Q4 2025 Results
PepsiCo closed out fiscal 2025 on a strong note, posting Q4 earnings per share of $2.26 against a consensus estimate of $2.24, a modest beat of 0.89%, while revenue of $29.34 billion topped the $24.01 billion consensus by 22.20% and grew 5.6% year ov… Read more PepsiCo closed out fiscal 2025 on a strong note, posting Q4 earnings per share of $2.26 against a consensus estimate of $2.24, a modest beat of 0.89%, while revenue of $29.34 billion topped the $24.01 billion consensus by 22.20% and grew 5.6% year over year. The quarter's outperformance was driven by a sequential acceleration in both reported and organic revenue growth, with core EPS reflecting 11% constant currency growth fueled by meaningful operating margin expansion and record productivity savings. Segment dynamics were notably uneven: PBNA swung dramatically from a prior-year operating loss, while international segments, particularly EMEA, where operating profit surged 72%, provided meaningful lift. As a longtime dividend growth stalwart, PepsiCo also announced its 54th consecutive annual dividend increase, lifting the payout to $5.92 per share alongside a new $10 billion buyback authorization. Looking ahead, the company guided for 2–4% organic revenue growth and 4–6% core constant currency EPS growth in fiscal 2026, with tariff-driven commodity costs and consumer affordability remaining key watch items.
Key Takeaways
- • Sequential acceleration in reported and organic revenue growth in Q4
- • Strong productivity savings driving operating margin expansion
- • Effective net pricing across multiple segments
- • Favorable foreign exchange translation in EMEA and LatAm Foods
- • Favorable comparisons to prior-year TBG impairment charges in PBNA and EMEA
PEP YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PEP Revenue by Segment
With YoY comparisons, source: SEC Filings
“PepsiCo's fourth quarter results reflected a sequential acceleration in reported and organic revenue growth, with improvements in both the North America and International businesses. Accelerated net revenue growth and strong productivity savings led to strong operating margin expansion and double-digit EPS growth in the fourth quarter.”
— Ramon Laguarta, Q4 2025 Earnings Press Release
PEP Earnings Trends
PEP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PEP EPS Trend
Earnings per share: estimate vs actual
PEP Revenue Trend
Quarterly revenue: estimate vs actual
PEP Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $1.61 | — | $19.44B | +2.75% |
| Q4 25 BEAT FY | $2.24 | $2.26 | +0.89% | $29.34B | — |
| FY Full Year | $8.11 | $8.14 | +0.33% | $93.93B | +0.56% |
| Q3 25 BEAT | $2.26 | $2.29 | +1.33% | $23.94B | +0.38% |
| Q2 25 BEAT | $2.03 | $2.12 | +4.33% | $22.73B | +1.92% |
| Q1 25 MISS | $1.49 | $1.48 | -0.76% | $17.92B | +1.07% |