PEPPepsiCo

Consumer staples · Beverages · Nasdaq

We were incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. 10-K, Item 1

Employees: 306,000
Headquarters: Purchase, NY
CEO: Ramon Laguarta
Next results: around Feb 2, 2027

RevenueFY2016–25 $93.9B+2.3% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $8.2B−14.0% FY2024: $9.6B 10-K FY2025 · XBRL Free cash flowFY2016–25 $7.7B+6.7% FY2024: $7.2B 10-K FY2025 · XBRL Operating marginFY2016–25 12.2%−1.8 pts 15.6% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 3, 2026 against Feb 4, 2025

Area	What changed	Source
Risk factors	3 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	4 open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 3, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-04. Quoted as filed.

our control that could negatively impact product availability and decrease demand for our products if our crisis management plans do not effectively mitigate these issues.
10-K, Item 1A

All 3 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +11.4% vs revenue +2.3% (+9.1 pts)
✓
Cash from operations $12.1B vs net income $8.2B (FY ending 2025-12-27)
✓
Inventory +10.2% vs revenue +2.3% (+7.9 pts)
✓
Same auditor in both 10-Ks: KPMG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Table of Contents. Same as last year: Unrecognized tax benefits
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 16, 2026Buy POHLAD ROBERT C (Director) bought $23.7M open-market purchase on Oct 14, 2026
Oct 16, 20268-K Other events 8-K item 8.01

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