Keurig Dr Pepper Inc. (KDP) Financial Statements
Industry: Beverages
In fiscal 2025, Keurig Dr Pepper reported revenue of $16.60B, up 8.2% from $15.35B the year before. Net income was $2.08B (a 12.5% net margin), or $1.53 per diluted share. Gross margin was 54.2% and operating margin was 21.5%. Operating activities generated $1.99B of cash, leaving $1.50B of free cash flow. At fiscal year end, Keurig Dr Pepper held $55.46B in total assets against $29.94B in total liabilities, including $1.03B of cash and equivalents.
Open the full interactive Keurig Dr Pepper financials → Quarterly statements, key ratios, valuation history and price charts.
Keurig Dr Pepper Key Stats
| Share Price | $32.66 |
|---|---|
| Market Cap | $44.56B |
| P/E Ratio | 21.3 |
| Dividend Yield | 2.80% |
| Revenue YoY Growth | +8.2% |
| 52-Week Range | $24.95 – $33.26 |
| Shares Outstanding | 1.36 billion (basic, 2026 Q2) |
Keurig Dr Pepper Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.62B | $12.68B | $14.06B | $14.81B | $15.35B | $16.60B |
| Cost of Goods Sold | $5.13B | $5.71B | $6.73B | $6.73B | $6.82B | $7.60B |
| Gross Profit | $6.49B | $6.98B | $7.32B | $8.08B | $8.53B | $9.00B |
| Operating Income | $2.48B | $2.89B | $2.60B | $3.19B | $2.59B | $3.58B |
| Pre-Tax Income | $1.75B | $2.80B | $1.72B | $2.76B | $1.91B | $2.69B |
| Income Tax | $428.0M | $653.0M | $284.0M | $576.0M | $473.0M | $608.0M |
| Net Income | $1.32B | $2.15B | $1.44B | $2.18B | $1.44B | $2.08B |
| Diluted EPS | $0.93 | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 |
Keurig Dr Pepper Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.31B | $4.50B | $3.98B | $7.31B |
| Net Income | $662.0M | $353.0M | $270.0M | $142.0M |
| Diluted EPS | $0.49 | $0.26 | $0.20 | $0.04 |
Keurig Dr Pepper Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $240.0M | $567.0M | $535.0M | $267.0M | $510.0M | $1.03B |
| Current Assets | $2.39B | $3.06B | $3.80B | $3.38B | $4.00B | $5.27B |
| Total Assets | $49.78B | $50.60B | $51.84B | $52.13B | $53.43B | $55.46B |
| Current Liabilities | $7.69B | $6.49B | $8.08B | $8.92B | $8.09B | $8.29B |
| Total Long-Term Debt | $13.49B | $11.73B | $11.57B | $11.10B | $13.94B | $13.93B |
| Total Liabilities | $25.95B | $25.63B | $26.71B | $26.45B | $29.19B | $29.94B |
| Shareholders' Equity | $23.83B | $24.97B | $25.13B | $25.68B | $24.24B | $25.52B |
Keurig Dr Pepper Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.46B | $2.87B | $2.84B | $1.33B | $2.22B | $1.99B |
| Cash From Investing | -$316.0M | $210.0M | -$1.14B | -$784.0M | -$1.61B | -$573.0M |
| Cash From Financing | -$1.99B | -$2.76B | -$1.73B | -$832.0M | -$223.0M | -$999.0M |
| Free Cash Flow | $2.00B | $2.45B | $2.48B | $904.0M | $1.66B | $1.50B |
| Dividends Paid | $846.0M | $955.0M | $1.08B | $1.14B | $1.19B | $1.25B |
Figures from Keurig Dr Pepper's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Keurig Dr Pepper financials page for every line item.
Keurig Dr Pepper Company Profile
| Ticker | KDP |
|---|---|
| Exchange | Nasdaq |
| Industry | Beverages |
| Headquarters | Frisco, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001418135 |
Frequently Asked Questions
What was Keurig Dr Pepper's revenue in fiscal 2025?
Keurig Dr Pepper (KDP) reported revenue of $16.60B for fiscal 2025.
What is Keurig Dr Pepper's annual revenue history?
Keurig Dr Pepper's annual revenue by fiscal year: 2020: $11.62B; 2021: $12.68B; 2022: $14.06B; 2023: $14.81B; 2024: $15.35B; 2025: $16.60B.
What was Keurig Dr Pepper's net income in fiscal 2025?
Keurig Dr Pepper reported net income of $2.08B for fiscal 2025.
What was Keurig Dr Pepper's earnings per share (EPS) in fiscal 2025?
Keurig Dr Pepper's diluted EPS was $1.53 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Keurig Dr Pepper generate in fiscal 2025?
Keurig Dr Pepper generated $1.50B of free cash flow in fiscal 2025.
What was Keurig Dr Pepper's revenue last quarter?
In its most recent reported quarter (2026 Q2), Keurig Dr Pepper reported revenue of $7.31B.
How much debt does Keurig Dr Pepper have?
Keurig Dr Pepper reported $13.93B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Keurig Dr Pepper are outstanding?
Keurig Dr Pepper reported a weighted average of 1.36 billion basic shares outstanding in 2026 Q2.
What is Keurig Dr Pepper's market cap?
Based on its latest closing price, Keurig Dr Pepper (KDP) has a market capitalization of about $44.56B.
When does Keurig Dr Pepper's fiscal year end?
Keurig Dr Pepper's fiscal year end, as registered with the SEC, is December 31.
Where is Keurig Dr Pepper headquartered?
Keurig Dr Pepper lists its business address in Frisco, Texas in its SEC filings.