Earnings recap · PEP
PepsiCo Q3 fiscal 2026 results
What PepsiCo reported for Jun to Aug 2026, compared with the same quarter a year earlier, from the press release it filed with the SEC.
10-Q filed PepsiCo filed its quarterly report for this quarter on Oct 8, 2026. Read the 10-Q on SEC EDGAR. The figures below are from the earlier press release; the 10-Q has the full statements and notes.
The headline numbers
PepsiCo reported net revenue of $25.3B for Q3 fiscal 2026, compared with $23.9B a year earlier (+5.6%). Net income to PepsiCo was $3.0B, compared with $2.6B (+17.1%), and diluted earnings per share were $2.23, compared with $1.90. These are GAAP figures, prepared under the standard accounting rules. How EPS is calculated.
Comparing Q3 fiscal 2026 (Jun to Aug 2026) with Q3 fiscal 2025 (Jun to Aug 2025)
Each pair of bars shows both periods. Longer bar, more money. Bars in a group share one scale.
Q3 fiscal 2026Q3 fiscal 2025
Revenue and profit (GAAP)
Per share (GAAP)
| Line | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Net revenue | $25,274M | $23,937M | +5.6% |
| Operating income | $4,260M | $3,569M | +19.4% |
| Net income to PepsiCo | $3,048M | $2,603M | +17.1% |
| Diluted EPS | $2.23 | $1.90 | +17.4% |
Change is worked out by Ticker Sage from the two figures shown. Operating margin, operating income as a share of revenue, was 16.9% compared with 14.9%. What profit margins measure.
PepsiCo's own adjusted measures (non-GAAP)
Read this first
These are measures PepsiCo defines itself. They aren't prepared under GAAP, other companies may define similar names differently, and the release reconciles each one to the nearest GAAP figure. Why companies exclude one-time items.
| Measure | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Adjusted EPS (company measure) | $2.34 | $2.29 | +2.2% |
| Diluted EPS (GAAP) | $2.23 | $1.90 | +17.4% |
What to look for in the 10-Q
The press release has the headline tables. The 10-Q adds the full statements, the notes and management's discussion, including:
- Segment detail. Revenue and profit by business, and the reasons the company gives for changes.
- Items the adjusted measures leave out. Where those charges sit in the GAAP statements.
- Debt and risk factors. Any changes to borrowings and the risk factors section since the 10-K.
How an 8-K, a 10-Q and a 10-K differ. When the 10-Q is filed, the box at the top of this page links to it.
Sources
- Exhibit 99.1: press release and financial tables, filed Oct 8, 2026
- Form 8-K filing index on SEC EDGAR
- PepsiCo Form 10-K for fiscal 2025
Common questions
When did PepsiCo report Q3 fiscal 2026 results?
PepsiCo filed its Q3 fiscal 2026 press release with the SEC on Oct 8, 2026, as Exhibit 99.1 to a Form 8-K under Item 2.02 (Results of Operations and Financial Condition).
What were PepsiCo's revenue and EPS for Q3 fiscal 2026?
Net revenue was $25.3B, compared with $23.9B in Q3 fiscal 2025. Diluted EPS was $2.23, compared with $1.90.
What is the difference between EPS and adjusted EPS?
EPS is the GAAP figure: net income attributable to the company divided by the diluted share count. Adjusted EPS is PepsiCo's own measure that leaves out items it chooses to exclude. For Q3 fiscal 2026 EPS was $2.23 and Adjusted EPS was $2.34.
Has PepsiCo filed its 10-Q for Q3 fiscal 2026?
Yes. PepsiCo filed the 10-Q on Oct 8, 2026.
PepsiCo company file → · PepsiCo filings news · Learn
Disclosures
- Editor holdings in PEP
- The editor holds no position in PepsiCo (PEP). As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links.
- Sources
- PepsiCo's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
A summary of a public filing for general education, the same for every reader. Not a recommendation to buy, sell or hold PEP. It reports what the company said and doesn't compare the results with forecasts by anyone else.