PepsiCo (MEX:PEP) Total Operating Expense: MXN685,297 Mil (TTM As of Mar. 2026)


MEX:PEP PepsiCo Inc MEX:PEP
80 GF Score
Price MXN2,367.10
GF Value MXN3,024.61
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PepsiCo Total Operating Expense?

PepsiCo MEX:PEP -1.98% 80 Total Operating Expense is MXN685,297 Mil as of Mar. 2026. GuruFocus rates MEX:PEP with a GF Score™ of 80/100 and a GF Value™ of MXN3,024.61 (Modestly Undervalued). The stock has 2 warning signs investors should review.

PepsiCo's Total Operating Expense for the three months ended in Mar. 2026 was MXN135,570 Mil. PepsiCo's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN685,297 Mil.

PepsiCo Total Operating Expense Related Terms

PepsiCo Total Operating Expense Historical Data

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The historical data trend for PepsiCo's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PepsiCo Total Operating Expense Chart

PepsiCo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 640,795.82 671,812.67 622,564.49 775,623.48 672,837.00

PepsiCo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 151,595.26 165,188.57 167,335.79 217,202.76 135,569.84
MEX:PEP
80GF Score
PepsiCo Inc MEX:PEP
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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PepsiCo Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN685,297 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN685,297 Mil mean?
PepsiCo (MEX:PEP) has a Total Operating Expense of MXN685,297 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on PepsiCo and its competitors.
Is PepsiCo's Total Operating Expense too high?
PepsiCo's current Total Operating Expense is MXN685,297 Mil. Overall, PepsiCo has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PepsiCo's Total Operating Expense compare to MNST and KDP?
PepsiCo's Total Operating Expense of MXN685,297 Mil can be compared against companies in the Beverages - Non-Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Beverages - Non-Alcoholic company?
A good Total Operating Expense depends on the Beverages - Non-Alcoholic industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on PepsiCo and its competitors. PepsiCo's current Total Operating Expense is MXN685,297 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PepsiCo stock overvalued right now?
Based on GuruFocus' analysis, PepsiCo (MEX:PEP) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,024.61, compared to a current price of MXN2,367.10 — trading 21.7% below its estimated fair value. The current Total Operating Expense is MXN685,297 Mil. PepsiCo's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For PepsiCo (MEX:PEP), the current Total Operating Expense is MXN685,297 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PepsiCo (MEX:PEP) Overvalued in 2026?

Based on GuruFocus' analysis, PepsiCo stock appears to be undervalued. The current stock price of MXN2,367.10 is trading 21.7% below its estimated GF Value™ of MXN3,024.61. GuruFocus considers PepsiCo to be Modestly Undervalued.

Key valuation signals for MEX:PEP:

  • Total Operating Expense: MXN685,297 Mil
  • GF Value™: MXN3,024.61 vs. price of MXN2,367.10 (21.7% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the MEX:PEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PepsiCo Business Description

Address 700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 58% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US, but uses bottlers overseas for beverages. International markets made up 41% of total sales and 46% of operating profits before corporate expenses in 2025.
80GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,367.10
Price
MXN3,024.61
GF Value