PEPSICO INC Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||
| Income | Shares(a) | Income | Shares(a) | Income | Shares(a) | ||||||||||||||||||||||||||||||
Basic net income attributable to PepsiCo per common share | $ | 6.02 | $ | 6.97 | $ | 6.59 | |||||||||||||||||||||||||||||
Net income available for PepsiCo common shareholders | $ | 8,240 | 1,369 | $ | 9,578 | 1,373 | $ | 9,074 | 1,376 | ||||||||||||||||||||||||||
| Dilutive securities: | |||||||||||||||||||||||||||||||||||
Stock options, RSUs, PSUs and other (b) | — | 4 | — | 5 | — | 7 | |||||||||||||||||||||||||||||
Diluted | $ | 8,240 | 1,373 | $ | 9,578 | 1,378 | $ | 9,074 | 1,383 | ||||||||||||||||||||||||||
Diluted net income attributable to PepsiCo per common share | $ | 6.00 | $ | 6.95 | $ | 6.56 | |||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 3, 2026 | Showing above |
| 2024 | Feb 4, 2025 | |
| 2023 | Feb 9, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 13, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 13, 2018 | |
| 2016 | Feb 15, 2017 | |
| 2015 | Feb 11, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.