PepsiCo's R&D costs worldwide 2013-2023

In 2023, PepsiCo spent just over 804 million U.S. dollars on research and development. Over the past years, the company’s total R&D expenses have fluctuated between 665 and 804 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.