PepsiCo's second quarter revenue of $24.18B beat estimates as international strength offset a 2% decline in North American foods.

PepsiCo reported second quarter 2026 revenue of $24.18 billion, a 6.4% year-over-year increase that surpassed analyst expectations. Core earnings per share came in at $2.20, a 4% increase but slightly below consensus estimates. The company affirmed its full-year 2026 guidance.

Key Highlights

• Organic revenue grew by 2.4%, led by strong performance across all international segments including Asia Pacific Foods (+9%) and International Beverages Franchise (+9%).
• The PepsiCo Foods North America (PFNA) segment, a key investor focus, reported a 2% decline in organic revenue, which the company noted reflects lower effective net pricing.
• The PepsiCo Beverages North America (PBNA) segment delivered 1% organic revenue growth.