PepsiCo’s global workforce declined for the first time in the last eight years, from 2017 to 2025.
According to its own data, as of December 27, 2025, the company had approximately 306,000 employees worldwide, a year-over-year decrease of 4.1 percent.
PepsiCo considers human capital management to be fundamental to its long-term success. This effort involves attracting, developing, and retaining a high-quality workforce. As a result, its Board of Directors and its committees oversee a wide range of issues related to this area. Key areas of focus include corporate culture, pay equity, health and safety, training, development, compensation, and benefits.
PepsiCo’s Global Workforce
The company also invests in emerging technologies to protect its employees from potential injuries. These initiatives include the use of telematics systems in its fleet and tools to prevent distracted driving. Thanks to the implementation of these systems, there has been a significant reduction in traffic incidents. Additionally, the company implements ergonomic solutions and measures to mitigate risks associated with the use of machinery.
Of PepsiCo’s total workforce worldwide, 125,000 were employed in the United States, a year-over-year decrease of 6.7 percent.
Job Training
PepsiCo supports and trains its employees through various global training and development programs. These initiatives are designed to foster and strengthen their professional and leadership skills. The training offerings include structured professional development plans and specialized mentoring programs.
In addition, the company provides internal learning opportunities through tools such as “MyLearning” and “Schoox,” its global online training platform. Thanks to these resources, in 2025 employees—including those in front-line operational roles—completed more than 2.8 million hours of training.
Financial Results
In 2025, PepsiCo reported net revenue of $93,925 million, representing a 2% year-over-year increase. However, net income attributable to the company fell 14% to $8,240 million, bringing reported diluted earnings per share (EPS) to $6.00 (a 14% decline compared to 2024).
On the operating front, GAAP operating income decreased by 11% to $11,498 million, while core operating income increased by 1.5% to $14,912 million.
Finally, free cash flow grew 9% to $8,200 million, supported by a 17% reduction in capital expenditures, which totaled $4,415 million.