PepsiCo reported third-quarter 2026 net revenue of $25.27 billion, an increase of 5.6% year-over-year, while organic revenue increased 3.1%. Operating profit increased 19% to $4.26 billion, and operating margin expanded to 16.9% from 14.9% a year earlier.
Core operating profit increased 3% to $4.28 billion, while core operating margin was 16.9%.
Diluted earnings per share increased 17% to $2.23 from $1.90.
Core EPS increased 2% to $2.34, while core constant-currency EPS increased 1.5%.
For the first nine months of the year, PepsiCo generated $68.90 billion in revenue, up 6.7%, with organic revenue growth of 2.7%.
Year-to-date operating profit increased 45% to $11.50 billion, while EPS increased 47% to $6.10.
PepsiCo said the quarter included organic volume growth across both global beverages and convenient foods.
The company highlighted the resilience of its international operations and continued efforts to expand its presence in underpenetrated channels and consumption occasions.
In North America, PepsiCo plans to increase investments in innovation, brand building, and channel-specific execution.
Management is also identifying additional structural cost reductions that are expected to help fund growth investments and offset rising input costs.
KEY QUOTES:
“Our third-quarter results featured strong net revenue growth, an acceleration in organic revenue growth with organic volume growth across both global beverages and convenient foods.”
“Looking ahead, we remain focused on building upon the strength of the International business while acting with urgency to sustainably improve our performance in North America through more investments in innovation, effective brand building, and sharper marketplace execution by channel.”
Ramon Laguarta, Chairman and CEO of PepsiCo
