PEP Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-21), PEP reported revenue of $19.4B, gross profit of $10.7B (55.2% gross margin), operating income of $3.2B, and net income of $2.3B (12.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PEP was profitable; revenue fell 18.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −18.8% | −10.6% | +1.1 pp |
Consensus estimate data is not available for this report.
PEP Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $19.4B | 100% |
| Cost of Revenue | −$8.7B | 44.8% |
| Gross Profit | $10.7B | 55.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$7.5B | 38.7% |
| Operating Income | $3.2B | 16.5% |
| Other Income, net | −$243M | 1.2% |
| Income Tax Expense | −$632M | 3.3% |
| Net Income | $2.3B | 12.0% |
Source: original SEC filing (filed 2026-04-16). Accession 0000077476-26-000019. Data normalized by EarningsFyi.