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 July 9, 2026 for fiscal year 2026. The company guided earnings per share in the range of $8.55 - $8.71, compared to a consensus EPS estimate of $8.64. PepsiCo also guided revenue in the range of $97.68B - $99.56B for the period.
Compared to prior guidance, PepsiCo maintained 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 October 12, 2022 and July 9, 2026. During this period, the company raised its outlook 6 times, reflecting management's growing confidence in business performance.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $2.21 | $1.55 | $2.24 | $2.26 |
| Actual | $2.20 | $1.61 | $2.26 | $2.29 |
| Surprise | -0.45% | +3.87% | +0.89% | +1.33% |
| Revenue | ||||
| Estimate | $23.94B | $18.93B | $28.98B | $23.86B |
| Actual | $24.18B | $19.44B | $29.34B | $23.94B |
| Surprise | +1.01% | +2.69% | +1.25% | +0.33% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $2.30 | $2.44 | $1.67 | $2.32 |
| Revenue | ||||
| Consensus | $24.99B | $30.39B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| 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 % |
| Q3 | Oct 9, 2025 | $2.29 | $2.26 | 1.33 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| 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 % |
| Q3 | Oct 9, 2025 | $23.94B | $23.86B | 0.33 % |