In 2024, PepsiCo spent just over 813 million U.S. dollars on research and development. Over the past years, the company’s total R&D expenses have fluctuated between 680 and 813 million U.S. dollars. PepsiCo is a large American multinational, headquartered in New York, United States.
PepsiCo’s divisions
Over the past years, PepsiCo generated almost 60 percent of its worldwide net revenue through food products and the rest through beverages. More specifically, the company’s largest divisions included North American Beverages (NAB), Frito-Lay North America (FLNA), and Europe in 2023. NAB’s net revenue amounted to just over 27.6 billion U.S. dollars that year.
Frito-Lay
Frito-Lay is one of PepsiCo’s largest subsidiaries: the company is based in Texas and produces many varieties of chips, among other snack foods. In 2022, Frito-Lay was unequivocally the leading vendor of tortilla and tostada chips in the United States. That year, the company generated just over three billion U.S. dollars’ worth of sales. Barcel USA LLC, which ranked second for the same period, earned less than the half of the sales numbers generated by Frito-Lay.
Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024
(in million U.S. dollars)
PepsiCo's fiscal year ends on the last Saturday of each December, resulting in an additional week of results every five or six years. Data prior to 2022 were taken form previous editions of the publication.
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PepsiCo. (March 25, 2025). Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2025, from https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/
PepsiCo. "Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024 (in million U.S. dollars)." Chart. March 25, 2025. Statista. Accessed May 11, 2025. https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/
PepsiCo. (2025). Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2025. https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/
PepsiCo. "Research and Development (R&d) Costs of Pepsico Worldwide from 2014 to 2024 (in Million U.S. Dollars)." Statista, Statista Inc., 25 Mar 2025, https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/
PepsiCo, Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/ (last visited May 11, 2025)
Research and development (R&D) costs of PepsiCo worldwide from 2014 to 2024 (in million U.S. dollars) [Graph], PepsiCo, March 25, 2025. [Online]. Available: https://www.statista.com/statistics/536965/pepsico-s-r-and-d-costs-worldwide/
