PepsiCo Inc (PEP)

Operating profit margin

		Dec 31, 2023	Sep 9, 2023	Jun 17, 2023	Mar 31, 2023	Dec 31, 2022	Sep 3, 2022	Jun 11, 2022	Mar 19, 2022	Dec 31, 2021	Sep 4, 2021	Jun 12, 2021	Mar 20, 2021	Dec 31, 2020	Sep 5, 2020	Jun 13, 2020	Mar 21, 2020	Dec 31, 2019	Sep 7, 2019	Mar 23, 2019	Dec 31, 2018
Operating income (ttm)	US$ in thousands	11,986,000	11,118,000	10,456,000	8,874,000	11,512,000	13,259,000	13,065,000	14,117,000	11,162,000	11,426,000	11,278,000	10,468,000	10,080,000	9,953,000	9,797,000	9,486,000	9,993,000	10,138,000	10,311,000	10,110,000
Revenue (ttm)	US$ in thousands	91,471,000	91,617,000	90,135,000	88,038,000	86,392,000	83,644,000	81,862,000	80,854,000	79,474,000	76,681,000	74,583,000	71,311,000	70,372,000	68,557,000	67,654,000	64,593,000	70,236,000	66,081,000	64,983,000	64,661,000
Operating profit margin		13.10%	12.14%	11.60%	10.08%	13.33%	15.85%	15.96%	17.46%	14.04%	14.90%	15.12%	14.68%	14.32%	14.52%	14.48%	14.69%	14.23%	15.34%	15.87%	15.64%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $11,986,000K ÷ $91,471,000K
= 13.10%

PepsiCo Inc's operating profit margin has shown fluctuations over the past few quarters. The operating profit margin for the most recent quarter (Dec 31, 2023) was 13.10%, indicating that the company generated $0.13 in operating profit for every dollar of sales. This represented a slight increase from the previous quarter (Sep 9, 2023) where the margin was 12.14%.

Looking at the trend over the past year, the operating profit margin has ranged from 10.08% to 17.46%. The highest operating profit margin was observed in the quarter ending Mar 19, 2022, at 17.46%, while the lowest margin was recorded in the quarter ending Mar 31, 2023, at 10.08%.

Overall, PepsiCo's operating profit margin has remained relatively stable over the year, with some fluctuations in certain quarters. It's important for the company to closely monitor and manage its operating expenses to ensure efficient operations and sustained profitability.