R&D expense · 2011–2025

PepsiCo R&D expense

$839M+3.2% · FY2025

PepsiCo (PEP) reported $839M in R&D expense for fiscal 2025, +3.2% year on year.

$525M2011$552M2012$665M2013$718M2014$754M2015$760M2016$737M2017$680M2018$711M2019$719M2020$752M2021$771M2022$804M2023$813M2024$839M2025
PepsiCo — R&D expense, 2011–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-27$839M+3.2%Open →
FY20242024-12-28$813M+1.1%Open →
FY20232023-12-30$804M+4.3%Open →
FY20222022-12-31$771M+2.5%Open →
FY20212021-12-25$752M+4.6%Open →
FY20202020-12-26$719M+1.1%Open →
FY20192019-12-28$711M+4.6%Open →
FY20182018-12-29$680M−7.7%Open →
FY20172017-12-30$737M−3.0%Open →
FY20162016-12-31$760M+0.8%Open →
FY20152015-12-26$754M+5.0%Open →
FY20142014-12-27$718M+8.0%Open →
FY20132013-12-28$665M+20.5%Open →
FY20122012-12-29$552M+5.1%Open →
FY20112011-12-31$525M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +3.4%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=PepsiCo R&D expense |url=https://companiesranked.com/en/company/pepsico/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). PepsiCo R&D expense. CompaniesRanked. https://companiesranked.com/en/company/pepsico/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-pepsico-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{PepsiCo R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/pepsico/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0000077476-26-000007 · February 3, 2026

{{cite web |title=PepsiCo R&D expense — 10-K (0000077476-26-000007) |url=https://www.sec.gov/Archives/edgar/data/77476/000007747626000007/pep-20251227.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-03}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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