PepsiCo (PEP) Revenue — Quarter Ended Mar 22, 2025
Revenue decreased both sequentially and year-over-year. The sequential decline was substantial, while the year-over-year decline was modest.
Key takeaway
Quarter ended Mar 22, 2025 · FY2025 Q1
Revenue decreased both sequentially and year-over-year. The sequential decline was substantial, while the year-over-year decline was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.9B
Revenue reported for this quarter.
Quarter-over-quarter
-23.2%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$82B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 23, 2024 | $18.3B | +2.3% |
| Jun 15, 2024 | $22.5B | +0.8% |
| Sep 7, 2024 | $23.3B | -0.6% |
| Mar 22, 2025 | $17.9B | -1.8% |
Revenue performance
Net revenue fell compared to the same period last year, with reported figures impacted by items such as restructuring and mark-to-market adjustments.
Quarterly comparison
Compared to the immediately preceding quarter, revenue dropped sharply. Versus the same quarter one year earlier, revenue was slightly lower.
What to watch
Monitor the effect of restructuring and mark-to-market adjustments on future revenue trends.