PepsiCo reported better-than-expected third-quarter 2026 revenue of $25.27 billion, up 5.6% year on year and 1.3% above analyst estimates of $24.96 billion. Adjusted earnings per share came in at $2.34, a 1.9% beat versus the $2.30 consensus. Operating margin expanded to 16.9% from 14.9% a year earlier, while free cash flow margin rose to 18.5% from 15%. Organic revenue grew 3.1% year on year, and sales volumes were flat after declining 3% in the same quarter last year. The stock was unchanged at $124.74 following the results.
PepsiCo IncPepsiCo beat Q3 revenue and EPS estimates with operating margin expanding to 16.9% from 14.9%.
