PepsiCo Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of PepsiCo Inc (PEP). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| PepsiCo Beverages North America | $5.88B 32.8% | $6.80B 29.9% | $6.39B 32.9% | $7.24B 30.0% |
| PepsiCo Foods North America | $6.21B 34.7% | $6.48B 28.5% | $6.33B 32.6% | $6.37B 26.3% |
| Europe, Middle East & Africa (Segment) | $2.39B 13.3% | $4.54B 20.0% | $2.82B 14.5% | $4.98B 20.6% |
| Latin America Foods (Segment) | $1.66B 9.3% | $2.55B 11.2% | $1.93B 9.9% | $2.94B 12.2% |
| International Beverage Franchise | $759.0M 4.2% | $1.37B 6.0% | $824.0M 4.2% | $1.52B 6.3% |
| Asia Pacific Foods (Segment) | $1.02B 5.7% | $1.00B 4.4% | $1.14B 5.9% | $1.12B 4.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| PepsiCo Beverages North America | $460.0M 7.8% | -$639.0M -9.4% | $736.0M 11.5% | $1.05B 14.5% |
| PepsiCo Foods North America | $1.54B 24.7% | $1.39B 21.5% | $1.43B 22.6% | $1.34B 21.1% |
| Europe, Middle East & Africa (Segment) | $220.0M 9.2% | $370.0M 8.2% | $278.0M 9.8% | $751.0M 15.1% |
| Latin America Foods (Segment) | $344.0M 20.7% | $533.0M 20.9% | $428.0M 22.1% | $616.0M 21.0% |
| International Beverage Franchise | $277.0M 36.5% | $535.0M 39.1% | $321.0M 39.0% | $637.0M 41.8% |
| Asia Pacific Foods (Segment) | $160.0M 15.7% | $10.0M 1.0% | $217.0M 19.1% | $127.0M 11.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Asia Pacific Foods unit volume change | 5.0% | 3.0% | 9.0% | 10.0% +100.0% |
| IB Franchise unit volume change | 1.0% | -1.0% | 0.5% | 5.0% +400.0% |
| EMEA convenient foods unit volume change | -6.0% | -1.0% | 9.0% | 4.0% +166.7% |
| EMEA beverage unit volume change | 1.0% | 1.5% | 2.0% | 1.0% +0.0% |
| PBNA carbonated soft drink (CSD) volume change | 1.0% | – | -3.0% | -3.0% -400.0% |
| PBNA noncarbonated beverage (NCB) volume change | -6.0% | -6.0% | -2.0% | -4.0% +33.3% |
| PBNA unit volume change | -2.0% | -3.0% | -2.5% | -4.0% -100.0% |
| PFNA unit volume change | -1.0% | -4.0% | 2.0% | – |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: September 23, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.