PepsiCo's results for Q3 2026 (12 weeks ended Sep 5, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-08. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $25,274 million (+5.6% vs a year earlier) |
| Diluted EPS (GAAP) | $2.23 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $2.34 |
| Full-year guidance | Mixed |
Guidance
PepsiCo cut 2026 core EPS growth to +2.5–3.5% (from low end of +5–7%) while raising net revenue growth to about 6%.
Why this label: Current vs previous table: net revenue growth ~+6% (prior +4% to +6%) up; core EPS growth +2.5% to +3.5% (prior low-end of +5% to +7%) down.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| net revenue growth | FY2026 | approximately +6% | +4% to +6% |
| organic revenue growth | FY2026 | approximately +3% | +2% to +4% |
| core constant currency EPS growth | FY2026 | +1% to +2% | low end of +4% to +6% |
| core EPS growth | FY2026 | +2.5% to +3.5% | low end of +5% to +7% |
| core annual effective tax rate | FY2026 | approximately 21% | approximately 22% |
From the release
Revenue: "Net revenue · $25,274 · $23,937 · 5.6%"
Earnings per share: "EPS · $2.23 · $1.90 · 17% · $6.10 · $4.15 · 47% · Core EPS · $2.34 · $2.29 · 2%"
net revenue growth: "Net Revenue · Approximately +6% · +4% to +6%"
organic revenue growth: "Organic Revenue · Approximately +3% · +2% to +4%"
core constant currency EPS growth: "Core Constant Currency EPS · +1% to +2% · Low-end of +4% to +6%"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Lowered 2026 core EPS growth outlook to +2.5%–3.5% from low end of +5%–7%
Source
PepsiCo earnings release (SEC filing), accession 0000077476-26-000050, filed 2026-10-08.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.