PepsiCo (PEP) Revenue — Quarter Ended Mar 21, 2026
Revenue increased compared to the same quarter last year, but declined from the immediately preceding quarter. The sequential drop reflects a typical seasonal pattern after a higher-revenue period.
Key takeaway
Quarter ended Mar 21, 2026 · FY2026 Q1
Revenue increased compared to the same quarter last year, but declined from the immediately preceding quarter. The sequential drop reflects a typical seasonal pattern after a higher-revenue period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.4B
Revenue reported for this quarter.
Quarter-over-quarter
-18.8%
Change from the immediately preceding quarter.
Year-over-year
+8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$84B
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 22, 2025 | $17.9B | -1.8% |
| Jun 14, 2025 | $22.7B | +1.0% |
| Sep 6, 2025 | $23.9B | +2.7% |
| Mar 21, 2026 | $19.4B | +8.5% |
Revenue performance
Reported revenue for the quarter was higher than the same period one year earlier, indicating year-over-year growth. However, revenue decreased compared to the prior quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Versus the same quarter one year ago, revenue was higher.
What to watch
The sequential revenue decline may warrant monitoring for any underlying demand shifts beyond normal seasonality.