PEP · 10-Q · 2026Q3 · Full report

Capital Return Program

PEPSICO INC · 2026-10-08 · Importance 69 · Surprise 50 · In source text

During the 36 weeks ended September 5, 2026, PepsiCo returned $6.7 billion to shareholders through dividends and share repurchases. A share repurchase program announced February 3, 2026, authorizes purchases of up to $10 billion of common stock; it commenced February 1, 2026, and expires February 28, 2030. The company increased its annualized dividend 4%, from $5.69 to $5.92 per share, effective with the June 2026 payment. PepsiCo expects to return approximately $8.9 billion to shareholders in 2026, comprising $7.9 billion in dividends and $1.0 billion in share repurchases.

Key facts

• On February 3, 2026, PepsiCo announced a share repurchase program of up to $10 billion of common stock, commencing February 1, 2026 and expiring February 28, 2030. source
• PepsiCo expected to return approximately $8.9 billion to shareholders in 2026, consisting of approximately $7.9 billion of dividends and approximately $1.0 billion of share repurchases. source
• 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
• For the 36 weeks ended September 5, 2026, PepsiCo returned $6.7 billion to shareholders through dividends and share repurchases. source
• PepsiCo expected to continue returning free cash flow to shareholders primarily through dividends and share repurchases while maintaining Tier 1 commercial paper access. source

Impact estimates