Pepsico 2025 Q3 Earnings EPS Drops 10.8% Amid Strong Revenue Growth

Pepsico reported fiscal 2025 Q3 earnings on October 8, 2025, with revenue rising 2.7% year-over-year to $23.94 billion, though EPS declined 10.8%. The company maintained its long-term profitability and raised full-year core USD EPS guidance, citing favorable foreign exchange translation rates.

Revenue
Pepsico’s Q3 revenue came in at $23.94 billion, a 2.7% increase compared to $23.32 billion in the same period of 2024. North American Beverages drove performance, with the PBNA segment generating $7.33 billion and PFNA contributing $6.53 billion. Internationally, the IB Franchise reported $1.29 billion in revenue, while EMEA brought in $5.02 billion. Growth was also noted in the Asia Pacific Foods division, which posted $1.11 billion in revenue, and LatAm Foods, which generated $2.66 billion. Collectively, these segments reflect a diversified and resilient global footprint.

Earnings/Net Income
Earnings per share (EPS) declined 10.8% to $1.90 in Q3 2025, compared to $2.13 in the prior-year period. Net income also fell to $2.62 billion, down from $2.94 billion. While earnings performance reflects challenges, the company’s ability to remain profitable for over two decades highlights its strong operational resilience.

Price Action
Pepsico’s stock posted negative performance across key timeframes: down 1.39% in the latest trading day, 3.00% for the full week, and 2.03% month-to-date. The decline followed the mixed earnings report.

Post-Earnings Price Action Review
Despite the EPS decline, Pepsico’s long-term profitability and strategic focus on innovation and cost optimization provided a sense of stability. However, the earnings miss weighed on investor sentiment, with share prices declining slightly in the short term.

CEO Commentary
Chairman and CEO Ramon Laguarta emphasized strong momentum in North American Beverages and international markets, noting the company’s focus on portfolio reshaping, pricing optimization, and cost efficiency. Laguarta expressed confidence in delivering low-single-digit organic revenue growth and core constant currency EPS in line with the prior year.

Guidance
For fiscal 2025, Pepsico expects low-single-digit organic revenue growth and core constant currency EPS to be roughly flat with the prior year. The company improved its full-year core USD EPS outlook, citing more favorable foreign exchange translation rates for the remainder of the year.

Additional News
On October 9, 2025, MarketBeat published a detailed earnings report on Pepsico for Q3 2025. Though the report appeared incomplete or temporarily inaccessible, it signaled ongoing interest in the company’s performance. Within the three-week period following the earnings release, no major mergers and acquisitions or C-level executive changes were reported. Pepsico did not announce any new dividend or buyback programs, maintaining its current shareholder return strategy.