PEP Free cash flow
Free cash flow at PepsiCo rose to $7.7B in fiscal 2025, from $7.2B in 2024.
Not a GAAP measure. Derived here as operating cash flow less capital expenditure, both as filed; the arithmetic is shown in the table.
SOURCE: us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquireProductiveAssets · EDGAR CompanyFacts · CIK 77476 · EDGAR ↗ · FY2021–FY2025 · ANNUAL
History AS FILED · DERIVATION SHOWN WHERE DERIVED
| Fiscal year | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|
| FY2025 | $12.1B | −$4.4B | $7.7B |
| FY2024 | $12.5B | −$5.3B | $7.2B |
| FY2023 | $13.4B | −$5.5B | $7.9B |
| FY2022 | $10.8B | −$5.2B | $5.6B |
| FY2021 | $11.6B | −$4.6B | $7.0B |
Cross-checks touching this measure FROM THE FILING REVIEW
✓ CLEANCash conversion stability
OCF ÷ NI ran 1.46× · 1.30× · 1.47× across three years — swing 0.17×, inside the 1.00× threshold.
FY2025 10-K · FULL RECONCILIATION →✓ CLEANStock compensation in cash flow
Share-based compensation is 2.4% of operating cash flow (threshold 15%).
FY2025 10-K · FULL RECONCILIATION →More SAME DATA, OTHER VIEWS
Free cash flow across coverage → · PEP company view →
Revenue · Net income · Operating cash flow · Capital expenditure · Cash & equivalents · Total assets · Shareholders' equity · Total debt · Return on equity · Days sales outstanding
Not investment advice. Every figure on this page is an XBRL fact from the issuer's own SEC filings or an arithmetic over such facts with the method shown. No forecast is made; no posture is expressed.