# Keurig Dr Pepper Inc.: overview

KDP · Nasdaq · CIK 1418135 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/kdp.md) · [Financials](/companies/kdp/financials.md) · [Filings](/companies/kdp/filings.md) · [Insiders](/companies/kdp/insiders.md)

Latest reported revenue: [$7.31bn](/filings/0001418135-26-000051.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001418135-26-000051).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,891](/filings/0001418135-25-000125.md) | [4,070 d](/filings/0001418135-26-000016.md) | [3,635](/filings/0001418135-26-000026.md) | [4,163](/filings/0001418135-26-000051.md) | [4,306](/filings/0001418135-25-000125.md) | [4,499 d](/filings/0001418135-26-000016.md) | [3,976](/filings/0001418135-26-000026.md) | [7,309](/filings/0001418135-26-000051.md) |
| Gross margin | % | [55.0%](/filings/0001418135-25-000125.md) | [55.9% d](/filings/0001418135-26-000016.md) | [54.6%](/filings/0001418135-26-000026.md) | [54.2%](/filings/0001418135-26-000051.md) | [54.3%](/filings/0001418135-25-000125.md) | [53.8% d](/filings/0001418135-26-000016.md) | [52.8%](/filings/0001418135-26-000026.md) | [41.9%](/filings/0001418135-26-000051.md) |
| Operating margin | % | [23.2%](/filings/0001418135-25-000125.md) | [1.5% d](/filings/0001418135-26-000016.md) | [22.0%](/filings/0001418135-26-000026.md) | [21.6%](/filings/0001418135-26-000051.md) | [23.1%](/filings/0001418135-25-000125.md) | [19.6% d](/filings/0001418135-26-000016.md) | [19.0%](/filings/0001418135-26-000026.md) | [8.6%](/filings/0001418135-26-000051.md) |
| Net margin | % | [15.8%](/filings/0001418135-25-000125.md) | [(3.5%) d](/filings/0001418135-26-000016.md) | [14.2%](/filings/0001418135-26-000051.md) | [13.1%](/filings/0001418135-26-000051.md) | [15.4%](/filings/0001418135-25-000125.md) | [7.8% d](/filings/0001418135-26-000016.md) | [6.8%](/filings/0001418135-26-000051.md) | [1.9%](/filings/0001418135-26-000051.md) |
| Diluted EPS | $ per share | [0.45](/filings/0001418135-25-000125.md) | not reported | [0.38](/filings/0001418135-26-000026.md) | [0.40](/filings/0001418135-26-000051.md) | [0.49](/filings/0001418135-25-000125.md) | not reported | [0.20](/filings/0001418135-26-000026.md) | [0.04](/filings/0001418135-26-000051.md) |
| Free cash flow | $m | [503 d](/filings/0001418135-25-000125.md) | [684 d](/filings/0001418135-26-000016.md) | [89.0](/filings/0001418135-26-000026.md) | [325 d](/filings/0001418135-26-000051.md) | [527 d](/filings/0001418135-25-000125.md) | [564 d](/filings/0001418135-26-000016.md) | [165](/filings/0001418135-26-000026.md) | [714 d](/filings/0001418135-26-000051.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [12.7](/filings/0001418135-24-000007.md) | [14.1](/filings/0001418135-25-000013.md) | [14.8](/filings/0001418135-26-000016.md) | [15.4](/filings/0001418135-26-000016.md) | [16.6](/filings/0001418135-26-000016.md) |
| Gross margin | % | [55.0%](/filings/0001418135-24-000007.md) | [52.1%](/filings/0001418135-25-000013.md) | [54.5%](/filings/0001418135-26-000016.md) | [55.6%](/filings/0001418135-26-000016.md) | [54.2%](/filings/0001418135-26-000016.md) |
| Operating margin | % | [22.8%](/filings/0001418135-24-000007.md) | [18.5%](/filings/0001418135-25-000013.md) | [21.5%](/filings/0001418135-26-000016.md) | [16.9%](/filings/0001418135-26-000016.md) | [21.5%](/filings/0001418135-26-000016.md) |
| Net margin | % | [16.9%](/filings/0001418135-24-000007.md) | [10.2%](/filings/0001418135-25-000013.md) | [14.7%](/filings/0001418135-26-000016.md) | [9.4%](/filings/0001418135-26-000016.md) | [12.5%](/filings/0001418135-26-000016.md) |
| Diluted EPS | $ per share | [1.50](/filings/0001418135-24-000007.md) | [1.01](/filings/0001418135-25-000013.md) | [1.55](/filings/0001418135-26-000016.md) | [1.05](/filings/0001418135-26-000016.md) | [1.53](/filings/0001418135-26-000016.md) |
| Free cash flow | $bn | [2.5](/filings/0001418135-24-000007.md) | [2.5](/filings/0001418135-25-000013.md) | [0.9](/filings/0001418135-26-000016.md) | [1.7](/filings/0001418135-26-000016.md) | [1.5](/filings/0001418135-26-000016.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/kdp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $5.64bn | 172,397,835 |  | Added +26,768,840 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $4.70bn | 143,527,185 |  | Added +18,017,673 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $3.89bn | 118,725,548 |  | Added +19,695,419 |
| [HARRIS ASSOCIATES L P](/funds/813917.md) | 2026-06-30 | $3.04bn | 92,854,297 |  | Reduced −228,016 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.83bn | 86,576,404 |  | Added +610,704 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $2.11bn | 64,129,461 |  | Reduced −993,777 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.06bn | 62,850,530 |  | Added +733,211 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $1.83bn | 55,939,797 |  | Reduced −5,801,596 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $1.49bn | 45,567,265 |  | Added +28,872,096 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.26bn | 38,550,174 |  | Added +5,606,552 |

## Recent filings

[All 1,888 filings](/companies/kdp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-01 | 11:11 ET | [8-K](/filings/0001193125-26-409799.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-409799 |
| 2026-09-28 | 20:35 ET | [8-K](/filings/0001418135-26-000060.md) | 8.01 Other events | 0001418135-26-000060 |
| 2026-09-16 | 20:47 ET | [8-K](/filings/0001418135-26-000058.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001418135-26-000058 |
| 2026-09-01 | 11:33 ET | [8-K](/filings/0001418135-26-000055.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001418135-26-000055 |
| 2026-08-12 | 12:08 ET | [8-K](/filings/0001418135-26-000053.md) | 5.02 Departure or appointment of officers or directors | 0001418135-26-000053 |
| 2026-08-10 | 20:41 ET | [10-Q](/filings/0001418135-26-000051.md) | Quarterly report, period 2026-06-30 | 0001418135-26-000051 |
| 2026-08-06 | 11:02 ET | [8-K](/filings/0001418135-26-000048.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001418135-26-000048 |
| 2026-06-25 | 20:11 ET | [8-K](/filings/0001418135-26-000045.md) | 5.02 Departure or appointment of officers or directors | 0001418135-26-000045 |
| 2026-06-23 | 12:01 ET | [8-K](/filings/0000950142-26-001848.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0000950142-26-001848 |
| 2026-06-18 | 20:18 ET | [8-K](/filings/0001418135-26-000041.md) | 5.07 Shareholder vote results; 8.01 Other events | 0001418135-26-000041 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001418135-26-000016.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/854cf210-9c53-4532-8dc7-41fa96683fbd)

## About the filer

- CIK: 1418135
- Tickers: KDP
- Exchange: Nasdaq
- SIC code: 2080 Beverages
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:39 ET. No prices; not investment advice.