Keurig Dr PepperKDPEarnings & Financial Report
Keurig Dr Pepper Inc. is a publicly traded American beverage and coffeemaker conglomerate with headquarters located in Burlington, Massachusetts, and Frisco, Texas. Formed in July 2018, with the merger of Keurig Green Mountain and Dr Pepper Snapple Group, Keurig Dr Pepper produces and distributes more than 125 hot and cold beverages. The company's Canadian business unit subsidiary operates as Keurig Dr Pepper Canada.
Revenue
$3.6B
Gross Profit
$2.0B
Operating Profit
$801.0M
Net Profit
$517.0M
Gross Margin
54.6%
Operating Margin
22.0%
Net Margin
14.2%
YoY Growth
4.8%
EPS
$0.38
Keurig Dr Pepper Q1 FY2025 Financial Summary
Keurig Dr Pepper reported revenue of $3.6B (up 4.8% YoY) for Q1 FY2025, with a net profit of $517.0M (up 13.9% YoY) (14.2% margin). Cost of goods sold was $1.6B, operating expenses totaled $1.2B.
Key Financial Metrics
| Total Revenue | $3.6B |
|---|---|
| Net Profit | $517.0M |
| Gross Margin | 54.6% |
| Operating Margin | 22.0% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Keurig Dr Pepper Q1 FY2025 revenue of $3.6B breaks down across 5 segments, led by LRB at $2.3B (62.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| LRB | $2.3B | 62.3% |
| K Cup Pods | $717.0M | 19.7% |
| Other | $479.0M | 13.2% |
| Appliances | $116.0M | 3.2% |
| Other Net Sales | $60.0M | 1.7% |
Keurig Dr Pepper Revenue by Segment — Quarterly Trend
Keurig Dr Pepper revenue by segment across the last 4 reported quarters, showing how each business line (such as LRB and K Cup Pods) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| LRB | — | $2.6B | $2.7B | $2.6B |
| K Cup Pods | — | $941.0M | $782.0M | $773.0M |
| Other | — | $660.0M | $622.0M | $608.0M |
| Appliances | — | $177.0M | $167.0M | $122.0M |
| Other Net Sales | — | $81.0M | $83.0M | $71.0M |
Keurig Dr Pepper Annual Revenue by Year
Keurig Dr Pepper annual revenue history includes year-by-year totals (for example, 2025 revenue was $16.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $16.6B |
| 2024 | $15.4B |
| 2023 | $14.8B |
| 2022 | $14.1B |
Keurig Dr Pepper Quarterly Revenue & Net Profit History
Keurig Dr Pepper results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.0B | +9.4% | $270.0M | 6.8% |
| Q4 FY2025 | $4.5B | +10.5% | $353.0M | 7.8% |
| Q3 FY2025 | $4.3B | +10.7% | $662.0M | 15.4% |
| Q2 FY2025 | $4.2B | +6.1% | $547.0M | 13.1% |
| Q1 FY2025 | $3.6B | +4.8% | $517.0M | 14.2% |
| Q4 FY2024 | $4.1B | +5.2% | $-144.0M | -3.5% |
| Q3 FY2024 | $3.9B | +2.3% | $616.0M | 15.8% |
| Q2 FY2024 | $3.9B | +3.5% | $515.0M | 13.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.92B | $3.89B | $4.07B | $3.63B | $4.16B | $4.31B | $4.50B | $3.98B |
| YoY Growth | 3.5% | 2.3% | 5.2% | 4.8% | 6.1% | 10.7% | 10.5% | 9.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.34B | $52.72B | $53.43B | $53.70B | $54.37B | $54.60B | $55.46B | $73.14B |
| Liabilities | $27.63B | $27.75B | $29.19B | $29.25B | $29.38B | $29.28B | $29.94B | $39.54B |
| Equity | $24.72B | $24.97B | $24.24B | $24.45B | $24.98B | $25.32B | $25.52B | $25.26B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $657.0M | $628.0M | $849.0M | $209.0M | $431.0M | $639.0M | $712.0M | $281.0M |