PEP · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

PEPSICO INC · 2026-10-08 · Importance 58 · Surprise 56 · In source text

For the 36 weeks ended September 5, 2026, net cash provided by operating activities was $7.950 billion, up from $5.468 billion in the prior-year period, an increase of approximately 45%. PepsiCo attributed the increase primarily to favorable operating profit performance and working-capital comparisons. Free cash flow increased to $5.857 billion from $3.241 billion, while capital spending was $2.182 billion versus $2.499 billion in the prior-year period. Net cash used for investing activities was $2.3 billion, primarily reflecting net capital spending of $2.1 billion.

Key facts

• For the 36 weeks ended September 5, 2026, PepsiCo provided $8.0 billion of net cash from operating activities, compared with $5.5 billion in the prior-year period. source
• For the 36 weeks ended September 5, 2026, PepsiCo reported $7,950 million of net cash provided by operating activities, $2,182 million of capital spending and $5,857 million of free cash flow. source
• For the 36 weeks ended September 6, 2025, PepsiCo reported $5,468 million of net cash provided by operating activities, $2,499 million of capital spending and $3,241 million of free cash flow. source
• The increase in PepsiCo's operating cash flow primarily reflected favorable operating profit performance and favorable working capital comparisons. source

Impact estimates