What is PepsiCo?
Global food and beverage company behind Pepsi, Lay's, Doritos, Gatorade, Mountain Dew, Quaker, Cheetos, Tostitos, and other scaled snack and drink brands.
- Category
- Food and beverages
- Headquarters
- Purchase, NY
- Founded
- 1965
- Employees
- 318,000
- Total funding
- Public company; no VC funding
- Status
- Nasdaq: PEP; large-cap public company
What is PepsiCo?
PepsiCo is a global food and beverage company built from the 1965 merger of Pepsi-Cola and Frito-Lay. It operates scaled snack, beverage, breakfast, sports nutrition, and international businesses across more than 200 countries and territories.
PepsiCo combines beverages and convenient foods, which makes it different from pure beverage competitors. Its portfolio includes Pepsi, Mountain Dew, Gatorade, Lay's, Doritos, Cheetos, Tostitos, Quaker, and other billion-dollar brands sold through direct-store-delivery, warehouse, distributor, foodservice, and e-commerce channels.
For fiscal 2025, PepsiCo reported $93.925 billion of net revenue. Its 2025 annual report and investor materials describe a large global workforce, with about 318,000 employees reported for the prior year and a multi-segment operating model across North America and international foods and beverages.
The company competes through brand scale, retail relationships, distribution density, manufacturing, route-to-market execution, pricing, and product innovation. For sellers, PepsiCo is a sophisticated enterprise buyer where value must connect to store execution, revenue growth management, supply chain, manufacturing, consumer data, sustainability, or digital transformation.
What does PepsiCo offer?
PepsiCo offers branded beverages, salty snacks, breakfast foods, sports drinks, convenience foods, foodservice products, and direct-store-delivery execution.
- Pepsi, Mountain Dew, and bubly· Beverages
- Gatorade and Propel· Sports and hydration
- Lay's, Doritos, Cheetos, Tostitos· Snacks
- Quaker oats and breakfast foods· Nutrition and breakfast
- SodaStream and beverage platforms· At-home beverages
- Foodservice and away-from-home· Channels
- Direct-store-delivery· Route to market
- Digital and e-commerce programs· Commerce
How does PepsiCo make money?
PepsiCo makes money by manufacturing, marketing, distributing, and selling branded foods and beverages through retail, convenience, foodservice, distributor, and e-commerce channels.
PepsiCo's revenue comes from product sales rather than subscription pricing. The company does not publish fixed consumer price tiers because prices vary by package size, channel, geography, retailer, distributor, promotion, commodity costs, and local taxes.
The food side benefits from Frito-Lay's direct-store-delivery system, high-frequency snacking occasions, and strong shelf presence; the beverage side benefits from brand scale, bottling and distribution relationships, sports and hydration platforms, and foodservice. In fiscal 2025, net revenue was $93.925 billion, with management guiding 2026 organic revenue growth of 2% to 4%.
Growth is driven by pricing, mix, innovation, productivity, route execution, international expansion, channel expansion, digital tools, and portfolio transformation. Unit economics are sensitive to commodities, packaging, labor, freight, advertising, retail trade spend, and volume elasticity.
Who leads PepsiCo?
PepsiCo is led by Chairman and CEO Ramon Laguarta, with Steve Schmitt as CFO and senior executives running North America, international foods, strategy, transformation, and regional businesses.
- Ramon L. LaguartaChairman and Chief Executive OfficerCEO since 2018; Chairman since 2019Leads PepsiCo's global food and beverage strategy and PepsiCo Positive agenda.
- Steve SchmittExecutive Vice President, Chief Financial OfficerCFO effective November 10, 2025Joined from Walmart and leads finance, capital allocation, and public-company reporting.
- Athina KaniouraCEO, Latin America Foods and EVP, Chief Strategy and Transformation OfficerExecutive leadership teamKey leader for transformation, AI, digital capabilities, and regional foods.
- Becky SchmittChief Executive Officer, PepsiCo North AmericaExecutive leadership teamLeads the core North American operating platform.
- Silviu PopoviciChief Executive Officer, Europe, Middle East and AfricaExecutive leadership teamLeads a major international region.
How do you contact PepsiCo's leadership?
PepsiCo publishes investor, media, consumer, and corporate contact routes, but it does not publish a verified personal executive email format. Use official channels and do not treat guessed executive emails as verified.
Personal executive email format not verified; use PepsiCo investor/media/contact routes- Athina KaniouraCEO, Latin America Foods and EVP, Chief Strategy and Transformation OfficerUse PepsiCo corporate contact channels
How much funding has PepsiCo raised?
PepsiCo is not a venture-funded company; its capital history is the 1965 Pepsi-Cola/Frito-Lay combination, public equity status under PEP, operating cash flow, public debt, dividends, buybacks, and strategic acquisitions.
PepsiCo was formed in 1965 by the merger of Pepsi-Cola and Frito-Lay. Since then, its financing story has been public-company capital allocation rather than startup rounds: operating cash flow, bond markets, commercial paper, dividends, share repurchases, and acquisitions.
Major capital events include the 2001 Quaker Oats acquisition, which brought Gatorade into the portfolio; the 2022 Tropicana Brands Group transaction; and more recent portfolio moves including investments in fast-growing beverage and functional categories. The 2025 annual report also references credit agreements and debt instruments typical of a large investment-grade issuer.
Seller signal: PepsiCo has enormous budget capacity but operates with mature procurement, security, finance, and business-case discipline. The best pitches attach to demand planning, retail execution, route optimization, manufacturing productivity, consumer insights, sustainability, packaging, AI, food safety, or global-local brand activation.
How did PepsiCo get here?
PepsiCo became a global food-and-beverage company through the Pepsi-Cola and Frito-Lay merger, major acquisitions, and international brand scaling.
- 1898Pepsi-Cola rootsThe Pepsi-Cola beverage lineage began before the modern PepsiCo company.
- 1965PepsiCo formedPepsi-Cola and Frito-Lay merged to create PepsiCo.
- 2001Quaker Oats acquisitionThe transaction added Quaker and Gatorade.
- 2018Ramon Laguarta becomes CEOLaguarta succeeded Indra Nooyi as CEO.
- 2025Steve Schmitt named CFOPepsiCo named Steve Schmitt CFO effective November 10, 2025.
- 2025$93.925B net revenuePepsiCo reported nearly $94 billion of fiscal 2025 net revenue.
Who are PepsiCo's competitors?
PepsiCo competes with beverage companies, snack makers, packaged-food companies, private label, and local brands across retail and foodservice.
- Coca-ColaGlobal beverage brand owner with a concentrate-and-bottler model and dominant sparkling beverage brands.
- Keurig Dr PepperNorth American beverage company competing in carbonated soft drinks, coffee, mixers, and distribution.
- MondelezGlobal snacking company with Oreo, Ritz, Cadbury, Milka, Toblerone, and strong biscuit/chocolate exposure.
- KellanovaSnacks and cereal company with Pringles, Cheez-It, Pop-Tarts, and international packaged-food brands.
- NestleGlobal food and beverage company competing in coffee, nutrition, water, confectionery, and packaged foods.
PepsiCo — frequently asked questions
