PEP · 10-Q · 2026Q2 · Full report

Capital Return Program

PEPSICO INC · 2026-07-09 · Importance 75 · Surprise 60 · In source text

During the 24 weeks ended June 13, 2026, net cash used for financing activities was $0.1 billion, driven by dividend payments and share repurchases totaling $4.4 billion and long-term debt repayments of $2.2 billion, partially offset by short-term and long-term borrowings. On February 3, 2026, PepsiCo announced a new share repurchase program authorizing up to $10 billion of common stock repurchases (commenced February 1, 2026; expires February 28, 2030) and a 4% increase in the annualized dividend to $5.92 per share. The company expects to return approximately $8.9 billion to shareholders in 2026, comprising roughly $7.9 billion in dividends and $1.0 billion in share repurchases. Management annually reviews capital structure, dividend policy and repurchases with the Board.

Key facts

• On February 3, 2026, PepsiCo announced a 4% increase in its annualized dividend to $5.92 per share from $5.69 per share, effective with the dividend paid in June 2026. source
• On February 3, 2026, PepsiCo announced a new share repurchase program providing for the repurchase of up to $10 billion of common stock which commenced on February 1, 2026 and will expire on February 28, 2030. source
• PepsiCo expects to return a total of approximately $8.9 billion to shareholders in 2026, comprising dividends of approximately $7.9 billion and share repurchases of approximately $1.0 billion. source

Impact estimates