Business
PepsiCo : Q2 2026 Press Release
PepsiCo : Q2 2026 Press
About this update from Pepsico, Inc.
PepsiCo Reports Second-Quarter 2026 Results Second-Quarter and Year-to-Date Results1 Net revenue increased 6.4% and 7.3%, respectively Organic revenue2 increased 2.4% and 2.5%, respectively Earnings per share (EPS) increased 137% and 72%, respectively Core2 EPS increased 4% and 6%, respectively Core constant currency2 EPS increased 1% and 3%, respectively Guidance Company affirms fiscal 2026 financial guidance2 PURCHASE, N.Y. - July 9, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for second-quarter 2026. "Our second quarter results featured strong organic volume and net revenue growth for the global convenient foods and global beverages businesses. Year-to-date, PepsiCo's global organic volume has increased at the highest rate since 2022 - aided by the strength of the international business and the continued evolution of the portfolio to offer more choices through portion control varieties, diverse ingredients, functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties," said Chairman and CEO, Ramon Laguarta. Laguarta continued, "Looking ahead, we will continue to execute on our strategic priorities with a focus on accelerating top line growth - including the restaging of certain global brands, innovating with emerging, functional and permissible offerings and investing in certain affordability initiatives. We are also elevating productivity across the organization to improve operating leverage." Second-Quarter Year-to-Date ($ in millions, except EPS) Q2 2026 Q2 2025 Change Q2 2026 Q2 2025 Change Net revenue $24,181 $22,726 6.4% $43,624 $40,645 7.3% Organic revenue performance 2.4% 2.5% Operating profit $4,023 $1,789 125% $7,236 $4,372 65% Operating margin 16.6% 7.9% 875 bps 16.6% 10.8% 585 bps Core operating profit $4,067 $3,911 4% $7,117 $6,700 6% Core operating margin 16.8% 17.2% (40) bps 16.3% 16.5% (15) bps EPS $2.18 $0.92 137% $3.88 $2.25 72% Core EPS $2.20 $2.12 4% $3.81 $3.59 6% Core constant currency EPS 1% 3% 1 Versus the prior year. 2 Please refer to the reconciliation of generally accepted accounting principles (GAAP) and non-GAAP information in the attached exhibits and to the Glossary for the definitions of non-GAAP financial measures, including "Organic revenue performance," "Core" and "Constant currency," and to "Guidance and Outlook" for additional information regarding PepsiCo's full-y...