PepsiCo’s net revenue rose 2% to $93.9 billion in fiscal 2025 (year to 27 December 2025), from $91.9 billion, according to its 10-K. PepsiCo Beverages North America was the largest division with $28.2 billion, just ahead of PepsiCo Foods North America at $27.5 billion. Europe, Middle East and Africa grew fastest, to $18.0 billion from $16.7 billion.
How we source: the figures in the boxes and charts on this page come from PepsiCo’s own annual filing, with the period stated next to each number. Data checked 1 November 2026. The original article below may quote earlier periods. Our methodology.
Key figures · fiscal 2025 (year to 27 December 2025)
Correction (10 Oct 2026): an earlier section on this page showed unsourced figures; it has been removed.
PepsiCo delivered strong financial performance in 2023 with nearly double-digit revenue growth driven by pricing actions and resilient demand across snacks and beverages. The company's diversified portfolio showed particular strength in Frito-Lay and international markets, while margins expanded significantly despite inflationary pressures.
Updated 6 October 2026: we refreshed 11 figures on this page, now taken from SEC EDGAR filings. Anything we could not check against a current source keeps its original year, so you can see how old it is.
Latest figures · checked 6 October 2026
PepsiCo reported net revenue of $93,925 million for the year ended December 27, 2025. SEC EDGAR filings
PepsiCo Foods North America (PFNA) reported net revenue of $27,528 million and PepsiCo Beverages North America (PBNA) $28,197 million for the year ended December 27, 2025. SEC EDGAR filings
PepsiCo reported net revenue of $43,624 million for the 24 weeks ended June 13, 2026. SEC EDGAR filings
PepsiCo employed approximately 306,000 people worldwide as of December 27, 2025, including approximately 125,000 in the United States. SEC EDGAR filings
PepsiCo reported net revenue of $24,181 million for the 12 weeks ended 6/13/2026. SEC EDGAR filings
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PepsiCo revenue refers to the total annual income generated by PepsiCo Inc. from its global operations including beverages, snacks, and food products. The company reported net revenue of $93,925 million for the year ended December 27, 2025.
$93,925 millionPepsiCo reported net revenue of $93,925 million for the year ended December 27, 2025.SEC EDGAR filings
$27,528 millionPepsiCo Foods North America (PFNA) reported net revenue of $27,528 million and PepsiCo Beverages North…SEC EDGAR filings
$43,624 millionPepsiCo reported net revenue of $43,624 million for the 24 weeks ended June 13, 2026.SEC EDGAR filings
$24,181 millionPepsiCo reported net revenue of $24,181 million for the 12 weeks ended 6/13/2026.SEC EDGAR filings
In one linePepsiCo delivered strong financial performance in 2023 with nearly double-digit revenuegrowth driven by pricing actions and resilient demand across snacks and beverages.
FourWeekMBABusiness EngineerAt a glance
PepsiCo Foods North America (PFNA) reported net revenue of $27,528 million and PepsiCo Beverages North America (PBNA) $28,197 million for the year ended December 27, 2025.
PepsiCo reported net revenue of $43,624 million for the 24 weeks ended June 13, 2026.
For some context, Coca-Cola, one of the direct competitors, reported full-year 2025 net revenues of $47.9 billion, whereas PepsiCo reported net revenue of $93,925 million for the year ended December 27, 2025.
Layout and figures refreshed 6 October 2026. Sources are listed at the end of the article.
Why it mattersFrom the article
PepsiCo is leveraging AI for demand forecasting, supply chain — as explored in how AI is restructuring the traditional value chain — optimization, and personalized marketing to drive revenuegrowth and operational efficiency.
While most people might recognize PepsiCo for its homonymous drink, in reality, the company follows a multi-brand strategy, as the company owns a plethora of brands, from food to drinks and much much more.
PepsiCo was founded in 1902 by American pharmacist and businessman Caleb Bradham as the Pepsi-Cola Company. Bradham, who hoped to emulate the success of Coca-Cola, marketed the beverage from his pharmacy and registered a patent for its recipe the following year. Today, Pepsi is a global company with a portfolio of 23 billion-dollar brands, or brands earning more than $1 billion in annual revenue. Sixteen of these brands are beverage-related, while the remaining seven are associated with snacks and other food products.
For that reason, the company’s competitors span from drinks like Pepsi (Coca-Cola) to various snacks and food brands (like Kellog’s).
In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies. Today, PepsiCo claims to operate in more than 200 countries and territories around the world, with seven distinct divisions and many successful brands.
For some context, Coca-Cola, one of the direct competitors, reported full-year 2025 net revenues of $47.9 billion, whereas PepsiCo reported net revenue of $93,925 million for the year ended December 27, 2025.
Coca-Cola generated $45.75 in revenue, compared to PepsiCo’s $91.47 billion in 2023.
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FourWeekMBABusiness EngineerTimeline, as stated in the article
2023
PepsiCo generated $91.47 billion in revenue in 2023, over $86 billion in revenue in 2022, over $79 billion in revenue in 2021, and over $70 billion in 2020.
2025
PepsiCo reported net revenue of $93,925 million for the year ended December 27, 2025.
2026
PepsiCo reported net revenue of $43,624 million for the 24 weeks ended June 13, 2026.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
