Observed Signal · Jul 9, 2026 · earnings · Source: SEC API · Impact: 4.1/5
10-Q Financial Filing Analysis for PepsiCo
PepsiCo, Inc. reported its financial results for the second quarter and first 24 weeks ended June 13, 2026. For the 12-week second quarter, net revenue rose 6.4% year-over-year to $24.18 billion compared to $22.73 billion in Q2 2025, while operating profit surged to $4.02 billion from $1.79 billion, driven by top-line expansion and the absence of a $1.86 billion intangible asset impairment recorded in the prior-year period. Net income attributable to PepsiCo for the quarter reached $2.98 billion ($2.18 per diluted share), up from $1.26 billion ($0.92 per diluted share) in Q2 2025. For the 24-week period, net revenue grew 7.3% to $43.62 billion, generating operating cash flows of $2.37 billion compared to $996 million in the prior year. PepsiCo maintained active capital return initiatives, distributing $3.91 billion in cash dividends and executing $479 million in share repurchases, while ending the period with $10.30 billion in cash, cash equivalents, and restricted cash.
This Form 10-Q provides essential visibility into the operational performance, pricing resilience, cost management, and capital allocation strategy of one of the world's largest consumer packaged goods (CPG) companies.
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Key Takeaways & Evidence Grounding
- Q2 2026 net revenue rose 6.4% year-over-year to $24.181 billion, while 24-week net revenue increased 7.3% to $43.624 billion.
- Operating profit for Q2 2026 expanded to $4.023 billion and diluted EPS grew to $2.18, compared to $1.789 billion and $0.92 in Q2 2025, which included a $1.860 billion intangible impairment.
- PepsiCo returned $4.393 billion to shareholders during the 24-week period via $3.914 billion in cash dividends and $479 million in share repurchases, while closing with $10.251 billion in cash and cash equivalents.
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