
PepsiCo (PEP) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
PepsiCo (PEP) last issued guidance on October 8, 2026 for fiscal year 2026. The company guided earnings per share in the range of $8.34 - $8.43, compared to a consensus EPS estimate of $8.55. PepsiCo also guided revenue in the range of $99.56B - $99.56B for the period.
Compared to prior guidance, PepsiCo lowered its EPS outlook from a previous range of $8.55 - $8.71. On the revenue side, the company maintained its revenue forecast from a prior range of $97.68B - $99.56B.
PepsiCo has issued 12 guidance updates between February 9, 2023 and October 8, 2026. During this period, the company raised its outlook 5 times and lowered it 1 time, providing investors with insight into management's evolving expectations.
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $2.29 | $2.21 | $1.55 | $2.24 |
| Actual | $2.34 | $2.20 | $1.61 | $2.26 |
| Surprise | +2.18% | -0.45% | +3.87% | +0.89% |
| Revenue | ||||
| Estimate | $24.94B | $23.94B | $18.93B | $28.98B |
| Actual | $25.27B | $24.18B | $19.44B | $29.34B |
| Surprise | +1.33% | +1.01% | +2.69% | +1.25% |
| Metric | Q4 '26E | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $2.24 | $1.61 | $2.25 | $2.40 |
| Revenue | ||||
| Consensus | $30.43B | $19.88B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 8, 2026 | $2.34 | $2.29 | 2.18 % |
| Q2 | Jul 9, 2026 | $2.20 | $2.21 | -0.45 % |
| Q1 | Apr 16, 2026 | $1.61 | $1.55 | 3.87 % |
| Q4 | Feb 3, 2026 | $2.26 | $2.24 | 0.89 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 8, 2026 | $25.27B | $24.94B | 1.33 % |
| Q2 | Jul 9, 2026 | $24.18B | $23.94B | 1.01 % |
| Q1 | Apr 16, 2026 | $19.44B | $18.93B | 2.69 % |
| Q4 | Feb 3, 2026 | $29.34B | $28.98B | 1.25 % |