PepsiCo (PEP) Q3 2025 earnings

PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America.

Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $2.29 adjusted vs. $2.26 expected
• Revenue: $23.94 billion vs. $23.83 billion expected

Pepsi reported third-quarter net income attributable to the company of $2.6 billion, or $1.90 per share, down from $2.93 billion, or $2.13 per share, a year earlier.

Excluding items, the company earned $2.29 per share.

Net sales rose 2.6% to $23.94 billion.