Coca-Cola vs. PepsiCo: Pepsi's Revenue Dwarfs Coke's, but This Is the Number to Watch

PepsiCo consistently registers higher absolute revenue than Coca-Cola during every reported period, though Nasdaq Markets notes that Coca-Cola currently maintains a smoother and more predictable upward trajectory on the top line. For the fourth quarter of 2025, the two companies' reporting periods differ in length by more than 14 days due to differing fiscal calendars.

Coca-Cola generates revenue by selling syrups, concentrates, and nonalcoholic soft drinks to independent bottling partners. The company recently concluded an operational review to select new agency partners for marketing and data management and has partnered with hospitality resorts for branded experiences. A law firm has also announced a formal legal investigation into a reported data breach.

PepsiCo earns its revenue through a global catalog of packaged snack foods and concentrated beverage syrups. During the same timeframe, the company reached an 11-year agreement to remain the exclusive beverage provider for Taco Bell and elected a new independent director to its board. Additionally, PepsiCo closed several regional manufacturing and warehouse facilities, which resulted in localized workforce reductions, according to the Motley Fool.

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