Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 14.96% is in line with its 5-year average of 14.13%, around the middle of its 5-year range (2.91%–32.51%).
2.61% below its 12-month average of 15.36%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-13): 16.64%.
OPERATING MARGIN
14.96%
OPERATING MARGIN AVG TTM
15.36%
OPERATING MARGIN AVG 3Y
15.84%
OPERATING MARGIN AVG 5Y
14.13%
OPERATING MARGIN AVG 10Y
15.27%
OPERATING MARGIN AVG 15Y
14.82%
OPERATING MARGIN AVG 20Y
15.42%
CURRENT VS TTM AVG
-2.61%
CURRENT VS 3Y AVG
-5.54%
CURRENT VS 5Y AVG
+5.84%
CURRENT VS 10Y AVG
-2.02%
CURRENT VS 15Y AVG
+0.91%
CURRENT VS 20Y AVG
-2.97%
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.72%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+27.59%
vs the sector median at left
PepsiCo, Inc.
Market Cap
$184.16B
Operating Margin
14.96%
TTM Avg
15.36%
3Y Avg
15.84%
5Y Avg
14.13%
Market Cap
$156.34B
Operating Margin
26.38%
TTM Avg
26.14%
3Y Avg
25.23%
5Y Avg
24.48%
Market Cap
$121.99B
Operating Margin
39.04%
TTM Avg
24.81%
3Y Avg
7.48%
5Y Avg
18.07%
Market Cap
$115.29B
Operating Margin
55.95%
TTM Avg
57.37%
3Y Avg
57.17%
5Y Avg
55.93%
Market Cap
$86.56B
Operating Margin
29.16%
TTM Avg
27.47%
3Y Avg
26.85%
5Y Avg
29.22%
Market Cap
$78.86B
Operating Margin
11.42%
TTM Avg
13.40%
3Y Avg
13.32%
5Y Avg
14.00%
Market Cap
$69.38B
Operating Margin
20.65%
TTM Avg
21.56%
3Y Avg
21.08%
5Y Avg
21.73%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PepsiCo, Inc. (PEP) | $184.16B | 14.96% | 15.36% | 15.84% | 14.13% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $156.34B | 26.38% | 26.14% | 25.23% | 24.48% |
| Nestlé S.A. (NSRGY)vs › | $244.54B | 15.94% | 16.00% | 15.02% | 15.17% |
| British American Tobacco p.l.c. (BTI)vs › | $121.99B | 39.04% | 24.81% | 7.48% | 18.07% |
| Altria Group, Inc. (MO)vs › | $115.29B | 55.95% | 57.37% | 57.17% | 55.93% |
| Monster Beverage Corporation (MNST)vs › | $86.56B | 29.16% | 27.47% | 26.85% | 29.22% |
| Mondelez International, Inc. (MDLZ)vs › | $78.86B | 11.42% | 13.40% | 13.32% | 14.00% |
| Target Corporation (TGT)vs › | $71.07B | 5.59% | 5.05% | 5.14% | 5.48% |
| Colgate-Palmolive Company (CL)vs › | $69.38B | 20.65% | 21.56% | 21.08% | 21.73% |
| Philip Morris International Inc. (PM)vs › | $299.02B | 37.75% | 36.06% | 35.88% | 37.61% |
Gross Margin
54.0%
Operating Margin
15.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-13 | 16.64% |
| 2026-03-21 | 16.53% |
| 2025-12-27 | 12.12% |
| 2025-09-06 | 15.47% |
| 2025-06-14 | 16.06% |
| 2025-03-22 | 14.41% |
| 2024-12-31 | 8.10% |
| 2024-09-07 | 16.60% |
| 2024-06-15 | 17.99% |
| 2024-03-23 | 14.89% |
| 2023-12-31 | 6.04% |
| 2023-09-09 | 17.12% |
| 2023-06-17 | 16.39% |
| 2023-03-25 | 14.73% |
| 2022-12-31 | 2.91% |
| 2022-09-03 | 15.26% |
| 2022-06-11 | 10.27% |
| 2022-03-19 | 32.51% |
| 2021-12-31 | 10.15% |
| 2021-09-04 | 15.65% |
| 2021-06-12 | 16.28% |
| 2021-03-20 | 15.60% |
| 2020-12-31 | 12.59% |
| 2020-09-05 | 16.64% |
| 2020-06-13 | 14.54% |
| 2020-03-21 | 13.86% |
| 2019-12-31 | 13.08% |
| 2019-09-07 | 16.61% |
| 2019-06-15 | 16.59% |
| 2019-03-23 | 15.59% |
| 2018-12-31 | 12.45% |
| 2018-09-08 | 17.25% |
| 2018-06-16 | 18.82% |
| 2018-03-24 | 14.38% |
| 2017-12-31 | 13.28% |
| 2017-09-09 | 18.00% |
| 2017-06-17 | 18.58% |
| 2017-03-25 | 15.46% |
| 2016-12-31 | 12.20% |
| 2016-09-03 | 17.60% |
| 2016-06-11 | 19.25% |
| 2016-03-19 | 13.65% |
| 2015-12-31 | 12.05% |
| 2015-09-05 | 8.67% |
| 2015-06-13 | 18.21% |
| 2015-03-21 | 14.71% |
| 2014-12-31 | 10.18% |
| 2014-09-06 | 16.54% |
| 2014-06-14 | 17.14% |
| 2014-03-22 | 14.32% |
| 2013-12-31 | 11.92% |
| 2013-09-07 | 16.44% |
| 2013-06-15 | 17.07% |
| 2013-03-23 | 13.18% |
| 2012-12-31 | 11.09% |
| 2012-09-08 | 16.81% |
| 2012-06-16 | 14.44% |
| 2012-03-24 | 13.86% |
| 2011-12-31 | 11.15% |
| 2011-09-03 | 16.53% |
| 2011-06-11 | 16.37% |
| 2011-03-19 | 14.46% |
| 2010-12-31 | 12.29% |
| 2010-09-04 | 18.05% |
| 2010-06-12 | 16.63% |
| 2010-03-20 | 8.97% |
| 2009-12-31 | 15.30% |
| 2009-09-05 | 20.14% |
| 2009-06-13 | 20.68% |
| 2009-03-21 | 19.22% |
| 2008-12-31 | 9.53% |
| 2008-09-06 | 17.71% |
| 2008-06-14 | 20.02% |
| 2008-03-22 | 18.68% |
| 2007-12-31 | 14.01% |
| 2007-09-08 | 20.27% |
| 2007-06-16 | 20.39% |
| 2007-03-24 | 19.31% |
| 2006-12-31 | 14.57% |
| 2006-09-09 | 20.32% |
| 2006-06-17 | 20.66% |
| 2006-03-25 | 18.71% |
| 2005-12-31 | 14.25% |
| 2005-09-03 | 20.53% |
| 2005-06-11 | 20.22% |
| 2005-03-19 | 18.94% |
| 2004-12-31 | 13.62% |
| 2004-09-04 | 20.84% |
| 2004-06-12 | 20.10% |
| 2004-03-20 | 18.38% |
| 2003-12-31 | 10.05% |
| 2003-09-30 | 21.27% |
| 2003-06-14 | 19.75% |
| 2003-03-22 | 20.54% |
| 2002-12-31 | 16.35% |
| 2002-09-07 | 20.59% |
