Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

PepsiCo Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Mar 23, 2024	Dec 30, 2023	Sep 9, 2023	Jun 17, 2023	Mar 25, 2023	Dec 31, 2022	Sep 3, 2022	Jun 11, 2022	Mar 19, 2022	Dec 25, 2021	Sep 4, 2021	Jun 12, 2021	Mar 20, 2021	Dec 26, 2020	Sep 5, 2020	Jun 13, 2020	Mar 21, 2020	Dec 28, 2019	Sep 7, 2019	Jun 15, 2019	Mar 23, 2019
Net revenue	18,250)	27,850)	23,453)	22,322)	17,846)	27,996)	21,971)	20,225)	16,200)	25,248)	20,189)	19,217)	14,820)	22,455)	18,091)	15,945)	13,881)	20,640)	17,188)	16,449)	12,884)
Cost of sales	(8,248)	(13,097)	(10,675)	(10,121)	(7,988)	(13,420)	(10,308)	(9,415)	(7,433)	(12,130)	(9,394)	(8,880)	(6,671)	(10,426)	(8,156)	(7,088)	(6,127)	(9,346)	(7,694)	(7,404)	(5,688)
Gross profit	10,002)	14,753)	12,778)	12,201)	9,858)	14,576)	11,663)	10,810)	8,767)	13,118)	10,795)	10,337)	8,149)	12,029)	9,935)	8,857)	7,754)	11,294)	9,494)	9,045)	7,196)
Selling, general and administrative expenses	(7,285)	(12,149)	(8,757)	(8,542)	(7,229)	(12,197)	(8,295)	(7,387)	(6,580)	(10,556)	(7,636)	(7,208)	(5,837)	(9,203)	(6,924)	(6,538)	(5,830)	(8,595)	(6,639)	(6,316)	(5,188)
Gain associated with the Juice Transaction	—)	—)	—)	—)	—)	—)	(14)	13)	3,322)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment of intangible assets	—)	(921)	(6)	—)	—)	(1,564)	(1)	(1,359)	(242)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating profit	2,717)	1,683)	4,015)	3,659)	2,629)	815)	3,353)	2,077)	5,267)	2,562)	3,159)	3,129)	2,312)	2,826)	3,011)	2,319)	1,924)	2,699)	2,855)	2,729)	2,008)
Other pension and retiree medical benefits income (expense)	58)	67)	62)	60)	61)	(36)	36)	(2)	134)	158)	118)	126)	120)	(130)	86)	84)	77)	(207)	38)	61)	64)
Net interest expense and other	(202)	(217)	(201)	(201)	(200)	(273)	(190)	(236)	(240)	(1,132)	(232)	(241)	(258)	(339)	(264)	(235)	(290)	(284)	(224)	(223)	(204)
Income before income taxes	2,573)	1,533)	3,876)	3,518)	2,490)	506)	3,199)	1,839)	5,161)	1,588)	3,045)	3,014)	2,174)	2,357)	2,833)	2,168)	1,711)	2,208)	2,669)	2,567)	1,868)
Provision for income taxes	(520)	(209)	(760)	(747)	(546)	29)	(475)	(393)	(888)	(247)	(802)	(642)	(451)	(498)	(526)	(510)	(360)	(430)	(559)	(524)	(446)
Net income	2,053)	1,324)	3,116)	2,771)	1,944)	535)	2,724)	1,446)	4,273)	1,341)	2,243)	2,372)	1,723)	1,859)	2,307)	1,658)	1,351)	1,778)	2,110)	2,043)	1,422)
Net income attributable to noncontrolling interests	(11)	(22)	(24)	(23)	(12)	(17)	(22)	(17)	(12)	(19)	(19)	(14)	(9)	(14)	(16)	(12)	(13)	(12)	(10)	(8)	(9)
Net income attributable to PepsiCo	2,042)	1,302)	3,092)	2,748)	1,932)	518)	2,702)	1,429)	4,261)	1,322)	2,224)	2,358)	1,714)	1,845)	2,291)	1,646)	1,338)	1,766)	2,100)	2,035)	1,413)

Download chart

Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	PepsiCo Inc. net revenue increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	PepsiCo Inc. operating profit decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	PepsiCo Inc. income before income taxes decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.
Net income attributable to PepsiCo	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	PepsiCo Inc. net income attributable to PepsiCo decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.

PepsiCo Inc. (NASDAQ:PEP)

Income StatementQuarterly Data

Income Statement
Quarterly Data