$PEP · PepsiCo, Inc.

PepsiCo reported third quarter 2026 net revenue of $25.274 billion, an increase of 5.6 percent from the prior year, with organic revenue up 3.1 percent. GAAP earnings per share rose 17 percent to $2.23, while core EPS increased 2 percent to $2.34 and core constant currency EPS increased 1.5 percent. For the year-to-date period, net revenue grew 6.7 percent to $68.898 billion, organic revenue rose 2.7 percent, GAAP EPS increased 47 percent to $6.10, and core EPS increased 5 percent to $6.15.

Quarterly operating profit increased 19 percent and operating margin expanded 195 basis points, helped by acquisition and divestiture-related items and commodity derivative mark-to-market gains. Core operating profit rose 3 percent, with core operating margin down 35 basis points. The company said net revenue growth reflected effective net pricing and organic volume growth, with international segments performing well and North America beverages benefiting from 2025 acquisitions.

PepsiCo also updated its fiscal 2026 financial guidance. Chairman and CEO Ramon Laguarta stated the results featured strong net revenue growth and an acceleration in organic revenue growth, with organic volume growth across global beverages and convenient foods. He added that additional structural cost reduction actions would be implemented in the coming months to fund investments and help offset rising input cost inflation.