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Operating Income by Segment
Shows the profitability of each business unit, highlighting which segments drive earnings and where there might be challenges or opportunities for growth.PepsiCo reclassified segments in 2025, so the post‑2025 spikes in PFNA, EMEA and IB Franchise largely reflect reporting changes — but they align with management’s claim that international is the current profit engine. North America is mixed: Frito‑Lay remains a reliable earner while Beverages North America shows volatile, margin‑pressured quarters (convenience-channel weakness and the Alani arrangement), and PFNA volumes were flat despite investment. Ultimately H2 productivity, tariff refunds and execution on A&M will determine whether NA recovers enough to offset corporate cost and commodity headwinds.
Date | Corporate | Frito-Lay North America | Quaker Foods North America | Beverages North America | Latin America | Europe | Africa, Middle East, and South Asia | Asia Pacific, New Zealand, and China | EMEA | PFNA | IB Franchise | LATAM Foods | Asia Pacific Foods |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep 30, 2026 | -$386.00M | $0.00 | $0.00 | $1.06B | $0.00 | $0.00 | $0.00 | $0.00 | $897.00M | $1.33B | $562.00M | $624.00M | $174.00M |
Jun 30, 2026 | -$503.00M | $0.00 | $0.00 | $1.05B | $0.00 | $0.00 | $0.00 | $0.00 | $751.00M | $1.34B | $637.00M | $616.00M | $127.00M |
Mar 31, 2026 | -$196.00M | $0.00 | $0.00 | $736.00M | $0.00 | $0.00 | $0.00 | $0.00 | $278.00M | $1.43B | $321.00M | $428.00M | $217.00M |
Dec 31, 2025 | -$766.00M | $0.00 | $0.00 | $539.00M | $0.00 | $0.00 | $0.00 | $0.00 | $796.00M | $1.71B | $521.00M | $709.00M | $48.00M |
Sep 30, 2025 | -$427.00M | $0.00 | $0.00 | $729.00M | $0.00 | $0.00 | $0.00 | $0.00 | $720.00M | $1.54B | $436.00M | $424.00M | $151.00M |
Jun 30, 2025 | -$411.00M | $0.00 | $0.00 | -$639.00M | $0.00 | $0.00 | $0.00 | $0.00 | $370.00M | $1.39B | $535.00M | $533.00M | $10.00M |
Mar 31, 2025 | -$414.00M | $0.00 | $0.00 | $460.00M | $0.00 | $0.00 | $0.00 | $0.00 | $220.00M | $1.54B | $277.00M | $344.00M | $160.00M |
Dec 31, 2024 | -$756.00M | $1.65B | $170.00M | -$109.00M | $528.00M | $469.00M | $208.00M | $93.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Sep 30, 2024 | -$444.00M | $1.52B | $97.00M | $914.00M | $595.00M | $728.00M | $197.00M | $262.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Jun 30, 2024 | -$337.00M | $1.59B | $85.00M | $987.00M | $637.00M | $620.00M | $241.00M | $223.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |