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In 2025, PepsiCo spent just around *** million U.S. dollars on research and development. Over the past decade, the company’s total R&D expenses have fluctuated, with a peak reached in 2025. PepsiCo is a large American multinational, headquartered in New York, United States. 

PepsiCo’s divisions

Over the past years, PepsiCo generated almost ** percent of its worldwide net revenue through food products and the rest through beverages. More specifically, the company’s largest divisions included Beverages North America and Foods North America 2025. The North American Beverage business unit's net revenue amounted to over ** 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. Frito-Lay was unequivocally the leading vendor of tortilla and tostada chips in the United States, generating just over ****billion U.S. dollars’ worth of sales. Barcel USA LLC, which ranked second for the same period, earned less than a ** of the sales numbers generated by Frito-Lay.