Keurig Dr Pepper (KDP) financials
Keurig Dr Pepper revenue and earnings by year
Keurig Dr Pepper's revenue was $16.6 billion in the fiscal year to December 31, 2025, up 8.2% from the year before. Net income was $2.08 billion, 12.5% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 12.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.6 | 15.4 | 14.8 | 14.1 | 12.7 | 11.6 | 11.1 | 7.4 |
| Revenue growth | 8.2% | 3.6% | 5.4% | 10.8% | 9.2% | 4.5% | 49.4% | — |
| Gross profit | 9.0 | 8.5 | 8.1 | 7.3 | 7.0 | 6.5 | 6.3 | 3.9 |
| Gross margin | 54.2% | 55.6% | 54.5% | 52.1% | 55.0% | 55.8% | 57.0% | 52.2% |
| Operating income | 3.6 | 2.6 | 3.2 | 2.6 | 2.9 | 2.5 | 2.4 | 1.2 |
| Operating margin | 21.5% | 16.9% | 21.5% | 18.5% | 22.8% | 21.3% | 21.4% | 16.6% |
| Net income | 2.1 | 1.4 | 2.2 | 1.4 | 2.1 | 1.3 | 1.3 | 0.6 |
| Net margin | 12.5% | 9.4% | 14.7% | 10.2% | 16.9% | 11.4% | 11.3% | 7.9% |
| Diluted EPS | $1.53 | $1.05 | $1.55 | $1.01 | $1.50 | $0.93 | $0.88 | — |
| Free cash flow | 1.5 | 1.6 | 0.9 | 2.6 | 2.5 | 2.1 | 2.4 | 1.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open KDP in Markets.
How Keurig Dr Pepper makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Coffee & Related Products | $3.52B | 48.2% |
| LRB | $3.36B | 46.0% |
| Other Net Sales | $278M | 3.8% |
| Appliances | $148M | 2.0% |
See also: KDP valuation and P/E history · KDP returns
No forecast, no recommendation. This page describes Keurig Dr Pepper from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.