Sunday 1 November 2026 Export KDP’s income statement to Excel — free account

Keurig Dr Pepper, Inc

KDP Consumer Defensive Beverages Non Alcoholic

Keurig Dr Pepper, Inc’s revenue for fiscal 2025 (year ended December 2025) was $16.6 billion, up 8.16% from fiscal 2024.

Revenue: +75.6%
EPS: −90.0%
Free cash flow: +120.4%
Total debt: +115.4%

Quarter to June 2026, against a year earlier

35.84 0.54 +1.53%

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Market cap: $48.0B
P/E: 36.2×
Fwd P/E: 23.5×
Dividend yield: 2.57%
F-score: 7/9
Altman Z: 1.35
Beneish M: −2.32
Dividend safety: 40/100

Overview Business Profile Earnings & Analysis Segments Filings

Keurig Dr Pepper, Inc (KDP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
U.S. Refreshment Beverages	10,439	62.87%
U.S. Coffee	3,990	24.03%
KDP International	2,174	13.09%
Gross margin		54.20%
Operating margin		21.53%
Pre-tax margin		16.18%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
LRB	11,602 69.88%	10,566 68.83%	9,905 66.86%	8,938 63.58%	7,830 61.74%	—	—	—
K-cup pods	3,777 22.75%	3,614 23.54%	3,684 24.87%	3,772 26.83%	3,546 27.96%	3,369 29.00%	3,293 29.61%	3,249 43.66%
Appliances	646 3.89%	772 5.03%	799 5.39%	923 6.57%	907 7.15%	850 7.32%	723 6.50%	643 8.64%
Other	578 3.48%	399 2.60%	426 2.88%	424 3.02%	400 3.15%	—	—	—
Csd	—	—	—	—	—	4,154 35.75%	3,984 35.83%	1,914 25.72%
Ncb	—	—	—	—	—	2,622 22.57%	2,476 22.27%	1,228 16.50%
Other Products	—	—	—	—	—	623 5.36%	644 5.79%	408 5.48%
Revenue	16,603	15,351	14,814	14,057	12,683	11,618	11,120	7,442

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
U.S. Refreshment Beverages	10,439 62.87%	9,331 60.78%	8,821 59.55%	8,083 57.50%	7,120 56.14%	—	—	—	—	—	—	—	—	—	—	—
U.S. Coffee	3,990 24.03%	3,967 25.84%	4,071 27.48%	4,302 30.60%	4,089 32.24%	—	—	—	—	—	—	—	—	—	—	—
KDP International	2,174 13.09%	2,053 13.37%	1,922 12.97%	1,672 11.89%	1,474 11.62%	—	—	—	—	—	—	—	—	—	—	—
Packaged Beverages	—	—	—	—	—	5,363 46.16%	4,945 44.47%	2,415 32.45%	4,696 72.92%	4,544 72.33%	4,361 71.25%	4,306 71.80%	4,358 72.69%	4,292 72.71%	4,098 72.71%	4,111 74.33%
Coffee Systems	—	—	—	—	—	4,433 38.16%	4,233 38.07%	4,114 55.28%	—	—	—	—	—	—	—	—
Beverage Concentrates	—	—	—	—	—	1,325 11.40%	1,414 12.72%	669 8.99%	1,284 19.94%	1,241 19.75%	1,228 20.06%	1,229 20.49%	1,221 20.37%	1,193 20.21%	1,156 20.51%	1,063 19.22%
Latin America Beverages	—	—	—	—	—	497 4.28%	528 4.75%	244 3.28%	460 7.14%	497 7.91%	532 8.69%	462 7.70%	416 6.94%	418 7.08%	382 6.78%	357 6.45%
Revenue	16,603	15,351	14,814	14,057	12,683	11,618	11,120	7,442	6,440	6,282	6,121	5,997	5,995	5,903	5,636	5,531

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
U.S. Refreshment Beverages	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Coffee	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
KDP International	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Coffee Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Beverage Concentrates	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Packaged Beverages	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Latin America Beverages	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
U.S.	14,502 87.35%	13,368 87.08%	12,961 87.49%	12,454 88.60%	11,267 88.84%	10,318 88.81%	9,843 88.52%	6,608 88.79%	5,768 89.57%	5,575 88.75%	5,361 87.58%	5,292 88.24%	5,341 89.09%	5,243 88.82%	5,029 89.23%	4,968 89.82%
Foreign	2,101 12.65%	1,983 12.92%	1,853 12.51%	1,603 11.40%	1,416 11.16%	1,300 11.19%	1,277 11.48%	834 11.21%	672 10.43%	707 11.25%	760 12.42%	705 11.76%	654 10.91%	660 11.18%	607 10.77%	563 10.18%
Revenue	16,603	15,351	14,814	14,057	12,683	11,618	11,120	7,442	6,440	6,282	6,121	5,997	5,995	5,903	5,636	5,531

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Net price realization	Q2 FY2026	5.90%	5.30%	—
Net price realization	Q2 FY2026	4.20%	2.20%	—
Net price realization	Q2 FY2026	5.00%	3.60%	—
Net price realization	Q2 FY2026	3.50%	1.00%	—
Volume/mix growth	Q2 FY2026	3.10%	5.00%	—
Volume/mix growth	Q2 FY2026	6.50%	9.50%	—
Volume/mix growth	Q2 FY2026	6.50%	0.40%	—

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Net price realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net price realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net price realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net price realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Volume/mix growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Volume/mix growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Volume/mix growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.