Company: PepsiCo, Inc.
Ticker: PEP
Form: 10-K
Filed: 2026-02-03
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was PepsiCo, Inc.'s gross margin in fiscal year 2025?
Question Type: derived_ratio

Concept: GrossProfit
Revenues
Answer (Numeric): 54.15
Answer (Display): 54.15%
Unit: percent

Evidence:
[{"chunk_id": "139", "equivalent_chunk_ids": ["139"], "section": "Consolidated Statement of Income", "supports": ["numerator", "denominator"], "text": "PepsiCo, Inc. and Subsidiaries\nFiscal years ended December 27, 2025, December 28, 2024 and December 30, 2023\n(in millions except per share amounts)\nNet Revenue\n93,925\n91,854\n91,471\nCost of sales\n43,066\n41,744\n41,881\nGross profit\n50,859\n50,110\n49,590\nSelling, general and administrative expenses\n37,368\n37,190\n36,677\nImpairment of intangible assets (see Notes 1 and 4)\n1,993\nOperating Profit\n11,498\n12,887\n11,986\nOther pension and retiree medical benefits (expense)/income\nNet interest expense and other\n1,121\nIncome before income taxes\n10,244\n11,946\n11,417\nProvision for income taxes\n1,949\n2,320\n2,262\nNet income\n8,295\n9,626\n9,155\nLess: Net income attributable to noncontrolling interests\nNet Income Attributable to PepsiCo\n8,240\n9,578\n9,074\nNet Income Attributable to PepsiCo per Common Share\nBasic\n6.02\n6.97\n6.59\nDiluted\n6.00\n6.95\n6.56\nWeighted-average common shares outstanding\nBasic\n1,369\n1,373\n1,376\nDiluted\n1,373\n1,378\n1,383\nSee accompanying notes to the consolidated financial statements."}]

Derivation: {"denominator": "revenue", "denominator_value": 93925.0, "format": "percentage", "numerator": "gross_profit", "numerator_value": 50859.0, "op": "divide"}