PepsiCo (PEP) operating expenses was $37.4B in FY2025 (+0% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$37.4B
+0%
2024
$37.2B
+1%
2023
$36.7B
+7%
2022
$34.3B
+10%
2021
$31.2B
+10%
2020
$28.5B
+7%
2019
$26.7B
+8%
2018
$24.9B
+3%
2017
$24.1B
-3%
2016
$24.8B
-5%
2015
$26.0B
+0%
2014
$25.9B
+2%
2013
$25.5B
+2%
2012
$24.9B
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q2 2026
$9.1B
Q1 2026
$7.5B
Q4 2025
$10.1B
Q3 2025
$9.1B
Q2 2025
$8.8B
Q1 2025
$7.4B
Q4 2024
$12.3B
Q3 2024
$9.0B
Q2 2024
$8.5B
Q1 2024
$7.3B
Q4 2023
$12.1B
Q3 2023
$8.8B
Source: PEP on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.