PEP PepsiCo margins

  1. Stocks
  2. Consumer Defensive
  3. NASDAQ: PEP
  4. Margins
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Relative Growth: Rel. Growth: 73
Relative Strength: Rel. Strength: 32
Relative Valuation: Rel. Valuation: 76
Relative Profitability: Rel. Profitability: 86
Gross margin
54%
Operating margin
14.8%
EBITDA margin
19.2%
Net margin
10.8%

Current PepsiCo reports a gross margin of 54%, an operating margin of 14.8%, an EBITDA margin of 19.2%, and a net margin of 10.8%. EBITDA margin increased the most, by 3.6 percentage points, while gross margin fell the most, by 0.4 percentage points.

PEP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, PepsiCo's margins averaged 54.3% gross, 13.01% operating, 17.22% EBITDA, and 9.61% net. Currently, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

PEP margin expansion

Year-over-year margin changes in percentage points

operating margin expanded by 3.4 percentage points, EBITDA margin by 3.6 percentage points, and net margin by 2.6 percentage points, but gross margin contracted by 0.4 percentage points.

Gross margin expansion
-0.4pp
Operating margin expansion
3.4pp
EBITDA margin expansion
3.6pp
Net margin expansion
2.6pp

PEP Gross margin

In the last 3 years, PepsiCo had an average gross margin of 54.3%. PepsiCo currently reports a gross margin of 54%, 0.3 percentage points below its three-year average. Looking back over the last 3 years, PepsiCo's gross margin reached 54.7% at its highest point in Mar 2025 and 54% at its lowest in Sep 2025.

PEP Operating margin

Over the last 3 years, the average operating margin for PepsiCo was 13.01%. The latest operating margin for PepsiCo is 14.8%, 1.8 percentage points above its three-year average. PepsiCo's operating margin ranged from a low of 11% in Sep 2025 to a high of 14.8% in Jun 2026.

PEP EBITDA margin

The average EBITDA margin for PepsiCo was 17.22% during the last 3 years. At present, the current EBITDA margin for PepsiCo is 19.2%, 2 percentage points above its three-year average. The EBITDA margin for PepsiCo moved between 15.3% in Sep 2025 and 19.2% in Jun 2026.

PEP Net margin

The average net margin for PepsiCo was 9.61% in the last 3 years. The current net margin of 10.8% is 1.2 percentage points above its three-year average. The net margin for PepsiCo moved between 7.8% in Sep 2025 and 10.8% in Jun 2026.

PEP margin group comparison

Margins compared with peer-group, industry and sector averages

PepsiCo's gross margin of 54% is higher than the Consumer Defensive sector and the industry average. In comparison with the Consumer Defensive sector average of 36.6%, PepsiCo's gross margin is 48% higher.

PEP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PepsiCo's gross margin?

As of Jun 13, 2026, PEP has a gross margin of 54%.

What is PepsiCo's operating margin?

The current operating margin for PEP is 14.8% as of Jun 13, 2026.

What is PepsiCo's EBITDA margin?

The current EBITDA margin for PEP is 19.2% as of Jun 13, 2026.

What is PepsiCo's net margin?

For the period ending Jun 13, 2026, PEP recorded a net margin of 10.8%.

What are the average margins of PEP?

Over the past 3 years, PEP reported average margins of 54.3% gross, 13.0% operating, 17.2% EBITDA, and 9.6% net.

What are the highest historical margins of PEP?

Looking back across 5 years, PEP reached 54.7% gross in Mar 2025, 17.5% operating in Mar 2022, 22% EBITDA in Mar 2022, and 12.6% net in Mar 2022.

What are the lowest historical margins of PEP?

Within the 5-year period, PEP recorded its lowest margins at 53% gross in Sep 2022, 10.1% operating in Mar 2023, 13.8% EBITDA in Mar 2023, and 7.5% net in Mar 2023.