What is the current annual gross margin of PEP?

As of today, PEP annual gross margin is 54.83%

What is 1-year change in PEP annual gross margin?

PEP annual gross margin is up +0.64% year-over-year

What is 3-year change in PEP annual gross margin?

PEP annual gross margin is up +2.43% over the past 3 years

How far is PEP annual gross margin from its all-time high?

PEP annual gross margin is currently -10.36% below its historical high of 61.17% set on December 31, 1987

How does PEP annual gross margin rank versus sector peers?

PEP annual gross margin is higher than 81.10% of companies in Consumer Defensive sector

When is PEP next annual earnings release?

The next annual earnings release for PEP is on February 3, 2026

What is the current quarterly gross margin of PEP?

As of today, PEP quarterly gross margin is 53.57%

What is PEP quarterly gross margin most recent change?

PEP quarterly gross margin was down -0.28% on September 6, 2025

What is 1-year change in PEP quarterly gross margin?

PEP quarterly gross margin is down -3.34% year-over-year

How far is PEP quarterly gross margin from its all-time high?

PEP quarterly gross margin is currently -19.81% below its historical high of 66.80% set on September 30, 1992

How does PEP quarterly gross margin rank versus sector peers?

PEP quarterly gross margin is higher than 78.38% of companies in Consumer Defensive sector

When is PEP next earnings release?

The next earnings release for PEP is on February 3, 2026

PepsiCo, Inc. (PEP) Gross Margin History & Chart Since 1980

Annual Gross Margin

54.83%0.35%+0.64%

December 31, 2024

Summary

Current Value: As of today, PEP annual gross margin is 54.83%, up +0.64% on December 31, 2024
Historical Performance: PEP annual gross margin is up +2.43% over the past 3 years, and down -0.87% over the past 5 years
All-Time High Comparison: PEP annual gross margin is currently -10.36% below its historical high of 61.17% set on December 31, 1987
3-Year Low Comparison: PEP annual gross margin is +2.72% above its 3-year low of 53.38% reached on an earlier date
Sector Comparison: PEP annual gross margin is higher than 81.10% of companies in Consumer Defensive sector

Gross Margin Chart

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Series

Performance

PEP Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	54.83%	+0.6%	+2.4%	-0.9%	+2.6%
Quarterly Gross Margin	Sep 6, 25	53.57%	-3.3%	+0.9%	-0.3%	-0.4%
Price	Jan 9, 26	$139.91	-4.5%	-22.0%	-3.0%	+110.7%
PE Ratio	Jan 9, 26	19.55	+21.1%	-8.8%	-30.6%	+15.1%
Annual Revenue	Dec 31, 24	$91.85B	+0.4%	+15.6%	+36.8%	+112.5%
Annual Gross Profit	Dec 31, 24	$50.36B	+1.1%	+18.4%	+35.6%	+118.1%
Annual Operating Margin	Dec 31, 24	-29.61%	+1.7%	+7.7%	-2.7%	-3.8%
Annual Net Margin	Dec 31, 24	10.48%	+4.7%	+8.5%	-4.3%	-24.2%

Gross Margin Highs

PEP Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	54.83%	Dec 31, 24	at high
5Y	54.87%	N/A	-0.1%
All	61.17%	Dec 31, 87	-10.4%

Gross Margin Lows

PEP Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	53.38%	N/A	+2.7%
5Y	53.38%	Dec 31, 22	+2.7%
All	50.03%	Dec 30, 95	+9.6%

Gross Margin History

Year	Value	Change
2024	54.83%	+0.6%
2023	54.48%	+2.1%
2022	53.38%	-0.3%
2021	53.53%	-2.4%
2020	54.87%	-0.8%
2019	55.31%	+1.4%
2018	54.55%	-0.3%
2017	54.69%	-0.4%
2016	54.90%	+0.3%
2015	54.73%	+2.2%
2014	53.57%	+1.3%
2013	52.86%	+1.4%
2012	52.15%	-0.2%
2011	52.28%	-3.1%
2010	53.97%	+1.0%
2009	53.42%	+0.8%
2008	53.00%	-2.1%
2007	54.16%	-1.0%
2006	54.68%	-2.4%
2005	56.00%	+4.3%
2004	53.68%	+0.2%
2003	53.56%	-0.2%
2002	53.67%	-9.7%

Year	Value	Change
2001	59.46%	-1.7%
2000	60.46%	+2.7%
1999	58.85%	+2.8%
1998	57.26%	-1.8%
1997	58.29%	+15.6%
1996	50.44%	+0.8%
1995	50.03%	-1.4%
1994	50.73%	-0.6%
1993	51.04%	+0.0%
1992	51.03%	-1.0%
1991	51.52%	+1.9%
1990	50.57%	-0.9%
1989	51.01%	-1.7%
1988	51.90%	-15.2%
1987	61.17%	+2.2%
1986	59.83%	+2.7%
1985	58.26%	+2.2%
1984	57.00%	-4.9%
1983	59.91%	+3.0%
1982	58.18%	+0.7%
1981	57.79%	+1.6%
1980	56.90%	-

FAQ

What is the current annual gross margin of PEP?
As of today, PEP annual gross margin is 54.83%
What is 1-year change in PEP annual gross margin?
PEP annual gross margin is up +0.64% year-over-year
What is 3-year change in PEP annual gross margin?
PEP annual gross margin is up +2.43% over the past 3 years
How far is PEP annual gross margin from its all-time high?
PEP annual gross margin is currently -10.36% below its historical high of 61.17% set on December 31, 1987
How does PEP annual gross margin rank versus sector peers?
PEP annual gross margin is higher than 81.10% of companies in Consumer Defensive sector
When is PEP next annual earnings release?
The next annual earnings release for PEP is on February 3, 2026

Quarterly Gross Margin

53.57%0.15%-0.28%

September 6, 2025

Summary

Current Value: As of today, PEP quarterly gross margin is 53.57%, down -0.28% on September 6, 2025
Historical Performance: PEP quarterly gross margin is down -3.34% year-over-year, and up +0.92% over the past 3 years
All-Time High Comparison: PEP quarterly gross margin is currently -19.81% below its historical high of 66.80% set on September 30, 1992
3-Year Low Comparison: PEP quarterly gross margin is +2.27% above its 3-year low of 52.38% reached on an earlier date
Sector Comparison: PEP quarterly gross margin is higher than 78.38% of companies in Consumer Defensive sector

Performance

PEP Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 6, 25	53.57%	-2.7%	-3.3%	+0.9%	-0.3%
Annual Gross Margin	Dec 31, 24	54.83%	–	+0.6%	+2.4%	-0.9%
Price	Jan 9, 26	$139.91	-3.3%	-4.5%	-22.0%	-3.0%
PE Ratio	Jan 9, 26	19.55	-3.3%	+21.1%	-8.8%	-30.6%
Quarterly Revenue	Sep 6, 25	$23.94B	+5.3%	+2.6%	+8.9%	+6.6%
Quarterly Gross Profit	Sep 6, 25	$12.82B	+2.5%	-0.8%	+9.9%	+6.3%
Quarterly Operating Margin	Sep 6, 25	15.47%	-8.7%	-7.4%	+0.9%	+31.6%
Quarterly Net Margin	Sep 6, 25	-	–	–	–	–

Quarterly Gross Margin Highs

PEP Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	55.66%	Mar 22, 25	-3.8%
3Y	56.06%	Jun 15, 24	-4.4%
5Y	56.06%	Jun 15, 24	-4.4%
All	66.80%	Sep 30, 92	-19.8%

Quarterly Gross Margin Lows

PEP Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	53.01%	N/A	+1.1%
3Y	52.38%	N/A	+2.3%
5Y	52.29%	Dec 25, 21	+2.5%
All	48.69%	Dec 31, 03	+10.0%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	53.57%	-0.3%
Aug 2025	53.72%	-2.4%
Jun 2025	55.06%	-1.1%
Mar 2025	55.66%	+5.0%
Dec 2024	53.01%	-4.3%
Sep 2024	55.42%	-0.5%
Aug 2024	55.70%	-0.6%
Jun 2024	56.06%	+1.9%
Mar 2024	55.00%	+3.1%
Dec 2023	53.33%	-2.5%
Aug 2023	54.67%	+0.1%
Jun 2023	54.64%	-1.5%
Mar 2023	55.49%	+5.9%
Dec 2022	52.38%	-1.3%
Sep 2022	53.08%	-0.5%
Aug 2022	53.33%	-1.0%
Jun 2022	53.87%	-1.4%
Mar 2022	54.62%	+4.5%
Dec 2021	52.29%	-2.6%
Aug 2021	53.71%	-0.3%
Jun 2021	53.85%	-2.1%
Mar 2021	55.01%	+2.4%
Dec 2020	53.72%	-2.2%
Aug 2020	54.92%	-1.0%
Jun 2020	55.50%	-0.8%
Mar 2020	55.93%	+2.0%
Dec 2019	54.81%	-0.9%
Aug 2019	55.32%	-0.3%
Jun 2019	55.50%	-0.7%
Mar 2019	55.88%	+3.2%
Dec 2018	54.15%	-0.3%
Aug 2018	54.29%	-1.2%
Jun 2018	54.93%	-0.2%
Mar 2018	55.05%	+2.7%
Dec 2017	53.59%	-2.0%
Aug 2017	54.66%	-0.7%
Jun 2017	55.04%	-1.7%
Mar 2017	56.00%	+3.7%
Dec 2016	54.02%	-0.7%
Aug 2016	54.42%	-1.9%
Jun 2016	55.46%	-1.2%
Mar 2016	56.14%	+2.8%
Dec 2015	54.61%	-0.0%
Aug 2015	54.62%	-0.2%
Jun 2015	54.75%	-1.0%
Mar 2015	55.33%	+4.6%
Dec 2014	52.91%	-1.1%
Aug 2014	53.50%	-0.6%
Jun 2014	53.84%	-0.9%
Mar 2014	54.35%	+3.4%
Dec 2013	52.55%	-1.1%
Aug 2013	53.16%	+0.1%
Jun 2013	53.13%	-0.9%
Mar 2013	53.60%	+3.9%
Dec 2012	51.57%	-2.5%
Aug 2012	52.88%	+2.0%
Jun 2012	51.85%	-1.2%
Mar 2012	52.48%	+1.8%
Dec 2011	51.56%	-0.3%
Aug 2011	51.69%	-1.4%
Jun 2011	52.42%	-3.2%
Mar 2011	54.15%	+0.7%
Dec 2010	53.79%	-1.8%
Aug 2010	54.78%	+0.9%
Jun 2010	54.29%	+3.4%
Mar 2010	52.48%	-0.5%
Dec 2009	52.74%	-0.9%
Aug 2009	53.21%	-0.7%
Jun 2009	53.57%	-1.9%
Mar 2009	54.62%	+4.9%
Dec 2008	52.05%	-1.8%
Aug 2008	53.03%	-0.8%
Jun 2008	53.44%	-0.8%
Mar 2008	53.85%	+1.6%
Dec 2007	52.98%	-2.5%

Month	Value	Change
Aug 2007	54.36%	-0.6%
Jun 2007	54.69%	-0.9%
Mar 2007	55.16%	+2.5%
Dec 2006	53.79%	-1.4%
Aug 2006	54.58%	-1.3%
Jun 2006	55.29%	-0.3%
Mar 2006	55.45%	-8.6%
Dec 2005	60.70%	+12.6%
Aug 2005	53.93%	-0.1%
Jun 2005	54.00%	+0.5%
Mar 2005	53.73%	+1.2%
Dec 2004	53.10%	-1.7%
Aug 2004	54.04%	-0.1%
Jun 2004	54.09%	+0.9%
Mar 2004	53.63%	+10.1%
Dec 2003	48.69%	-9.6%
Aug 2003	53.88%	-0.7%
Jun 2003	54.24%	+1.1%
Mar 2003	53.63%	+1.1%
Dec 2002	53.05%	-2.5%
Aug 2002	54.41%	-0.1%
Jun 2002	54.48%	+0.9%
Mar 2002	54.01%	-8.7%
Dec 2001	59.13%	-1.3%
Aug 2001	59.93%	-1.5%
Jun 2001	60.86%	+1.8%
Mar 2001	59.77%	-0.7%
Dec 2000	60.19%	-1.9%
Aug 2000	61.36%	+0.6%
Jun 2000	60.98%	+9.6%
Mar 2000	55.64%	-6.6%
Dec 1999	59.58%	-1.0%
Aug 1999	60.18%	+2.4%
Jun 1999	58.79%	+3.3%
Mar 1999	56.90%	+3.4%
Dec 1998	55.03%	-5.1%
Aug 1998	57.99%	-0.5%
Jun 1998	58.27%	-0.9%
Mar 1998	58.79%	+1.0%
Dec 1997	58.18%	-0.6%
Aug 1997	58.52%	+12.8%
Jun 1997	51.89%	+2.8%
Mar 1997	50.48%	+0.8%
Dec 1996	50.10%	-0.9%
Aug 1996	50.58%	-0.9%
Jun 1996	51.03%	+1.9%
Mar 1996	50.06%	+0.9%
Dec 1995	49.59%	-1.4%
Aug 1995	50.31%	+0.1%
Jun 1995	50.25%	+0.4%
Mar 1995	50.07%	-0.9%
Dec 1994	50.55%	-1.1%
Aug 1994	51.10%	+0.1%
Jun 1994	51.04%	+1.6%
Mar 1994	50.22%	-12.1%
Dec 1993	57.13%	+1.2%
Sep 1993	56.45%	-0.5%
Jun 1993	56.74%	+0.5%
Mar 1993	56.48%	-2.3%
Dec 1992	57.81%	-13.5%
Sep 1992	66.80%	+17.4%
Jun 1992	56.91%	-1.4%
Mar 1992	57.70%	-0.4%
Dec 1991	57.92%	+2.5%
Sep 1991	56.53%	-0.9%
Jun 1991	57.06%	-1.0%
Mar 1991	57.61%	+1.5%
Dec 1990	56.74%	+1.2%
Sep 1990	56.07%	-1.7%
Jun 1990	57.06%	+1.3%
Mar 1990	56.34%	+0.8%
Dec 1989	55.89%	+0.8%
Sep 1989	55.44%	-1.2%
Jun 1989	56.11%	-

FAQ

What is the current quarterly gross margin of PEP?
As of today, PEP quarterly gross margin is 53.57%
What is PEP quarterly gross margin most recent change?
PEP quarterly gross margin was down -0.28% on September 6, 2025
What is 1-year change in PEP quarterly gross margin?
PEP quarterly gross margin is down -3.34% year-over-year
How far is PEP quarterly gross margin from its all-time high?
PEP quarterly gross margin is currently -19.81% below its historical high of 66.80% set on September 30, 1992
How does PEP quarterly gross margin rank versus sector peers?
PEP quarterly gross margin is higher than 78.38% of companies in Consumer Defensive sector
When is PEP next earnings release?
The next earnings release for PEP is on February 3, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

PEP Official Website www.pepsico.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/77476/000007747625000053/0000077476-25-000053-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/77476/000007747625000007/0000077476-25-000007-index.htm
PEP Profile on Yahoo Finance finance.yahoo.com/quote/PEP
PEP Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pep