PepsiCo Historical Income Statement

PEP Stock

USD 163.45 0.73 0.45%

Historical analysis of PepsiCo income statement accounts such as Other Operating Expenses of 83.5 B, Operating Income of 6.5 B, EBIT of 6.7 B or Ebitda of 8.5 B can show how well PepsiCo performed in making a profits. Evaluating PepsiCo income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of PepsiCo's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining PepsiCo latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether PepsiCo is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PepsiCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in PepsiCo Stock, please use our How to Invest in PepsiCo guide.

About PepsiCo Income Statement Analysis

PepsiCo Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to PepsiCo shareholders. The income statement also shows PepsiCo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

PepsiCo Income Statement Chart

At this time, PepsiCo's Net Income From Continuing Ops is relatively stable compared to the past year. As of 12/01/2024, Interest Income is likely to grow to about 283.4 M, while Operating Income is likely to drop slightly above 6.5 B.

Total Revenue Gross Profit Operating Income Total Operating Expenses Interest Income

Total Revenue

Total revenue comprises all receipts PepsiCo generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of PepsiCo minus its cost of goods sold. It is profit before PepsiCo operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from PepsiCo operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of PepsiCo is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from PepsiCo's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into PepsiCo current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PepsiCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in PepsiCo Stock, please use our How to Invest in PepsiCo guide.At this time, PepsiCo's Net Income From Continuing Ops is relatively stable compared to the past year. As of 12/01/2024, Interest Income is likely to grow to about 283.4 M, while Operating Income is likely to drop slightly above 6.5 B.

	2021	2022	2023	2024 (projected)
Interest Expense	1.9B	939M	819M	760.8M
Depreciation And Amortization	2.7B	2.8B	2.9B	1.8B

Interest Expense Depreciation And Amortization

PepsiCo income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Research Development	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.55	0.75	0.73	0.73	0.95	0.95	0.97	0.76	0.69	0.95	-0.53	0.72	0.28	0.24	0.2	0.8	0.17	0.28	-0.02	0.31	0.02	-0.23	0.0	0.23	0.22
Interest Expense	0.55		0.41	0.41	0.39	0.65	0.67	0.65	0.4	0.36	0.59	-0.52	0.5	0.08	0.04	0.26	0.63	0.18	0.43	-0.11	0.51	-0.05	-0.5	-0.57	0.18	0.27
Total Revenue	0.75	0.41		1.0	1.0	0.74	0.74	0.74	1.0	0.99	0.76	-0.37	0.58	0.21	-0.04	0.63	0.79	0.21	0.38	-0.46	0.43	-0.03	-0.49	0.21	0.65	0.56
Gross Profit	0.73	0.41	1.0		1.0	0.74	0.73	0.74	0.99	1.0	0.75	-0.36	0.58	0.2	-0.06	0.65	0.8	0.23	0.4	-0.46	0.46	-0.03	-0.53	0.23	0.65	0.58
Other Operating Expenses	0.73	0.39	1.0	1.0		0.73	0.72	0.72	1.0	1.0	0.74	-0.35	0.57	0.2	-0.05	0.64	0.77	0.19	0.37	-0.48	0.42	-0.03	-0.48	0.21	0.67	0.57
Operating Income	0.95	0.65	0.74	0.74	0.73		0.99	0.99	0.75	0.69	1.0	-0.47	0.78	0.25	0.1	0.32	0.86	0.27	0.51	-0.03	0.56	0.01	-0.47	0.03	0.34	0.36
Ebit	0.95	0.67	0.74	0.73	0.72	0.99		1.0	0.74	0.69	0.98	-0.49	0.78	0.23	0.15	0.28	0.89	0.27	0.5	-0.03	0.53	-0.02	-0.44	0.01	0.3	0.34
Ebitda	0.97	0.65	0.74	0.74	0.72	0.99	1.0		0.75	0.69	0.99	-0.5	0.78	0.24	0.17	0.27	0.88	0.25	0.46	-0.03	0.49	-0.01	-0.4	0.01	0.29	0.32
Cost Of Revenue	0.76	0.4	1.0	0.99	1.0	0.75	0.74	0.75		0.99	0.76	-0.37	0.58	0.22	-0.01	0.6	0.77	0.18	0.35	-0.45	0.39	-0.03	-0.45	0.18	0.64	0.53
Total Operating Expenses	0.69	0.36	0.99	1.0	1.0	0.69	0.69	0.69	0.99		0.71	-0.33	0.55	0.19	-0.1	0.68	0.77	0.2	0.39	-0.51	0.45	-0.03	-0.52	0.24	0.7	0.6
Income Before Tax	0.95	0.59	0.76	0.75	0.74	1.0	0.98	0.99	0.76	0.71		-0.43	0.78	0.25	0.11	0.32	0.85	0.27	0.52	-0.05	0.55	0.01	-0.46	0.1	0.35	0.36
Total Other Income Expense Net	-0.53	-0.52	-0.37	-0.36	-0.35	-0.47	-0.49	-0.5	-0.37	-0.33	-0.43		0.06	-0.72	-0.04	-0.25	-0.56	-0.44	0.24	-0.03	-0.07	-0.61	0.12	0.24	-0.06	0.14
Net Income	0.72	0.5	0.58	0.58	0.57	0.78	0.78	0.78	0.58	0.55	0.78	0.06		-0.41	0.09	0.23	0.64	-0.14	0.66	-0.02	0.53	-0.6	-0.43	0.0	0.28	0.56
Income Tax Expense	0.28	0.08	0.21	0.2	0.2	0.25	0.23	0.24	0.22	0.19	0.25	-0.72	-0.41		0.03	0.11	0.26	0.6	-0.26	-0.05	-0.03	0.96	-0.01	0.15	0.07	-0.34
Selling General Administrative	0.24	0.04	-0.04	-0.06	-0.05	0.1	0.15	0.17	-0.01	-0.1	0.11	-0.04	0.09	0.03		-0.69	0.07	0.08	-0.32	0.34	-0.46	-0.09	0.47	-0.04	-0.58	-0.69
Selling And Marketing Expenses	0.2	0.26	0.63	0.65	0.64	0.32	0.28	0.27	0.6	0.68	0.32	-0.25	0.23	0.11	-0.69		0.46	0.14	0.39	-0.54	0.67	0.06	-0.77	0.17	0.81	0.78
Research Development	0.8	0.63	0.79	0.8	0.77	0.86	0.89	0.88	0.77	0.77	0.85	-0.56	0.64	0.26	0.07	0.46		0.5	0.47	-0.1	0.58	0.05	-0.57	0.12	0.38	0.39
Net Income From Continuing Ops	0.17	0.18	0.21	0.23	0.19	0.27	0.27	0.25	0.18	0.2	0.27	-0.44	-0.14	0.6	0.08	0.14	0.5		0.17	0.12	0.32	0.56	-0.37	0.39	-0.03	-0.1
Non Operating Income Net Other	0.28	0.43	0.38	0.4	0.37	0.51	0.5	0.46	0.35	0.39	0.52	0.24	0.66	-0.26	-0.32	0.39	0.47	0.17		-0.15	0.86	-0.32	-0.78	0.22	0.39	0.72
Minority Interest	-0.02	-0.11	-0.46	-0.46	-0.48	-0.03	-0.03	-0.03	-0.45	-0.51	-0.05	-0.03	-0.02	-0.05	0.34	-0.54	-0.1	0.12	-0.15		-0.2	-0.01	0.27	0.12	-0.7	-0.44
Non Recurring	0.31	0.51	0.43	0.46	0.42	0.56	0.53	0.49	0.39	0.45	0.55	-0.07	0.53	-0.03	-0.46	0.67	0.58	0.32	0.86	-0.2		-0.07	-0.96	0.21	0.51	0.71
Tax Provision	0.02	-0.05	-0.03	-0.03	-0.03	0.01	-0.02	-0.01	-0.03	-0.03	0.01	-0.61	-0.6	0.96	-0.09	0.06	0.05	0.56	-0.32	-0.01	-0.07		0.04	0.13	0.02	-0.39
Interest Income	-0.23	-0.5	-0.49	-0.53	-0.48	-0.47	-0.44	-0.4	-0.45	-0.52	-0.46	0.12	-0.43	-0.01	0.47	-0.77	-0.57	-0.37	-0.78	0.27	-0.96	0.04		-0.23	-0.54	-0.73
Net Interest Income	0.0	-0.57	0.21	0.23	0.21	0.03	0.01	0.01	0.18	0.24	0.1	0.24	0.0	0.15	-0.04	0.17	0.12	0.39	0.22	0.12	0.21	0.13	-0.23		0.08	0.14
Reconciled Depreciation	0.23	0.18	0.65	0.65	0.67	0.34	0.3	0.29	0.64	0.7	0.35	-0.06	0.28	0.07	-0.58	0.81	0.38	-0.03	0.39	-0.7	0.51	0.02	-0.54	0.08		0.7
Extraordinary Items	0.22	0.27	0.56	0.58	0.57	0.36	0.34	0.32	0.53	0.6	0.36	0.14	0.56	-0.34	-0.69	0.78	0.39	-0.1	0.72	-0.44	0.71	-0.39	-0.73	0.14	0.7

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PepsiCo Account Relationship Matchups

PepsiCo income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.6B	2.5B	2.7B	2.8B	2.9B	1.8B
Interest Expense	935M	1.1B	1.9B	939M	819M	760.8M
Total Revenue	67.2B	70.4B	79.5B	86.4B	91.5B	96.0B
Gross Profit	37.0B	38.6B	42.5B	46.1B	49.6B	52.1B
Other Operating Expenses	56.9B	60.3B	68.0B	74.5B	79.5B	83.5B
Operating Income	10.3B	10.1B	11.4B	11.9B	12.0B	6.5B
Ebit	10.3B	10.3B	11.6B	11.5B	12.3B	6.7B
Ebitda	12.9B	12.9B	14.3B	14.2B	15.2B	8.5B
Cost Of Revenue	30.1B	31.8B	36.9B	40.3B	41.9B	44.0B
Total Operating Expenses	26.7B	28.5B	31.1B	34.3B	37.6B	39.5B
Income Before Tax	9.3B	9.1B	9.8B	10.7B	11.4B	6.1B
Total Other Income Expense Net	(979M)	(1.0B)	(1.3B)	(807M)	(569M)	(540.6M)
Net Income	7.3B	7.1B	7.6B	8.9B	9.1B	4.6B
Income Tax Expense	2.0B	1.9B	2.1B	1.7B	2.3B	1.5B
Selling General Administrative	11.1B	12.0B	11.5B	13.3B	14.2B	17.1B
Selling And Marketing Expenses	15.6B	16.5B	18.8B	20.2B	21.1B	22.2B
Net Income Applicable To Common Shares	7.3B	7.1B	7.6B	8.9B	10.2B	6.4B
Research Development	711M	719M	752M	771M	804M	655.8M
Net Income From Continuing Ops	11.3B	7.2B	7.7B	9.0B	8.4B	9.3B
Minority Interest	39M	55M	(61M)	68M	(76M)	(72.2M)
Tax Provision	2.0B	1.9B	2.1B	1.7B	2.0B	1.3B
Net Interest Income	(935M)	(1.1B)	(1.9B)	(939M)	(875M)	(918.8M)
Reconciled Depreciation	2.4B	2.5B	3.2B	3.3B	3.4B	3.1B

Pair Trading with PepsiCo

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PepsiCo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PepsiCo will appreciate offsetting losses from the drop in the long position's value.

Moving together with PepsiCo Stock

0.85	KO	Coca Cola Aggressive Push	Pair Corr
0.86	KDP	Keurig Dr Pepper	Pair Corr
0.7	KOF	Coca Cola Femsa	Pair Corr

Moving against PepsiCo Stock

0.85	COCO	Vita Coco	Pair Corr
0.79	ZVIA	Zevia Pbc	Pair Corr
0.73	STKL	SunOpta	Pair Corr
0.69	FIZZ	National Beverage Corp Earnings Call This Week	Pair Corr
0.68	BJ	BJs Wholesale Club	Pair Corr

The ability to find closely correlated positions to PepsiCo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PepsiCo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PepsiCo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PepsiCo to buy it.

The correlation of PepsiCo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PepsiCo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PepsiCo moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for PepsiCo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for PepsiCo Stock Analysis

When running PepsiCo's price analysis, check to measure PepsiCo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PepsiCo is operating at the current time. Most of PepsiCo's value examination focuses on studying past and present price action to predict the probability of PepsiCo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PepsiCo's price. Additionally, you may evaluate how the addition of PepsiCo to your portfolios can decrease your overall portfolio volatility.

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PepsiCo Historical Income Statement

About PepsiCo Income Statement Analysis

PepsiCo Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Total Operating Expenses

Interest Income

PepsiCo income statement Correlations

PepsiCo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PepsiCo income statement Accounts

Pair Trading with PepsiCo

Moving together with PepsiCo Stock

Moving against PepsiCo Stock

Additional Tools for PepsiCo Stock Analysis

COMMON DESTINATIONS

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Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit
Total Operating Expenses	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses

Interest Income	- 0.96	Non Recurring
Interest Income	- 0.78	Non Operating Income Net Other
Interest Income	- 0.77	Selling And Marketing Expenses
Extraordinary Items	- 0.73	Interest Income
Income Tax Expense	- 0.72	Total Other Income Expense Net
Reconciled Depreciation	- 0.7	Minority Interest