Keurig Dr Pepper Inc. (KDP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.98B | 4.5B | 4.31B | 4.16B | 3.63B | 4.07B | 3.89B | 3.92B | 3.47B | 3.87B | 3.81B | 3.79B | 3.35B | 3.8B | 3.62B | 3.55B | 3.08B | 3.39B | 3.25B | 3.14B |
| Revenue Growth % | 9.38% | 10.54% | 10.67% | 6.14% | 4.82% | 5.25% | 2.26% | 3.51% | 3.43% | 1.68% | 5.05% | 6.61% | 8.93% | 12.15% | 11.45% | 13.18% | 6.06% | 8.65% | 7.62% | 9.64% |
| Cost of Goods Sold | 1.88B | 2.08B | 1.97B | 1.91B | 1.65B | 1.79B | 1.75B | 1.75B | 1.53B | 1.68B | 1.69B | 1.75B | 1.61B | 1.81B | 1.72B | 1.78B | 1.43B | 1.62B | 1.42B | 1.37B |
| COGS % of Revenue | 47.23% | 46.23% | 45.66% | 45.83% | 45.39% | 44.05% | 45% | 44.62% | 44.06% | 43.52% | 44.52% | 46.13% | 47.99% | 47.52% | 47.52% | 50.03% | 46.39% | 47.74% | 43.54% | 43.63% |
| Gross Profit | 2.1B | 2.42B | 2.34B | 2.25B | 1.99B | 2.28B | 2.14B | 2.17B | 1.94B | 2.18B | 2.11B | 2.04B | 1.74B | 2B | 1.9B | 1.78B | 1.65B | 1.77B | 1.83B | 1.77B |
| Gross Margin % | 52.77% | 53.77% | 54.34% | 54.17% | 54.61% | 55.95% | 55% | 55.38% | 55.94% | 56.48% | 55.48% | 53.87% | 52.01% | 52.48% | 52.48% | 49.97% | 53.61% | 52.26% | 56.46% | 56.37% |
| Gross Profit Growth % | 5.69% | 6.24% | 9.35% | 3.82% | 2.32% | 4.26% | 1.37% | 6.42% | 11.24% | 9.42% | 11.05% | 14.92% | 5.7% | 12.64% | 3.6% | 0.34% | 3.13% | 0.23% | 7.69% | 13.32% |
| Operating Expenses | 1.34B | 1.46B | 1.34B | 1.36B | 1.18B | 2.21B | 1.24B | 1.31B | 1.18B | 1.24B | 1.22B | 1.27B | 1.16B | 1.32B | 1.51B | 1.2B | 684M | 1.05B | 1.04B | 1.04B |
| OpEx % of Revenue | 33.75% | 32.43% | 31.21% | 32.6% | 32.57% | 54.4% | 31.82% | 33.43% | 33.88% | 32.09% | 31.93% | 33.57% | 34.6% | 34.79% | 41.61% | 33.88% | 22.22% | 30.88% | 32% | 32.99% |
| Selling, General & Admin | 1.34B | 1.42B | 1.34B | 1.36B | 1.19B | 1.3B | 1.25B | 1.29B | 1.18B | 1.26B | 1.22B | 1.27B | 1.17B | 1.23B | 1.2B | 1.2B | 1.02B | 1.11B | 1.04B | 1.04B |
| SG&A % of Revenue | 33.75% | 31.61% | 31.21% | 32.57% | 32.79% | 31.87% | 32% | 33.02% | 33.91% | 32.53% | 31.98% | 33.57% | 34.74% | 32.26% | 33.02% | 33.88% | 33.07% | 32.82% | 32% | 33.09% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 0 | -1000K | 1000K | 1000K | 0 | -1000K | -1000K | 0 | -1000K |
| Operating Income | 756M | 960M | 995M | 898M | 801M | 63M | 902M | 861M | 765M | 943M | 896M | 769M | 584M | 673M | 394M | 572M | 966M | 725M | 795M | 734M |
| Operating Margin % | 19.01% | 21.34% | 23.11% | 21.57% | 22.04% | 1.55% | 23.18% | 21.95% | 22.06% | 24.39% | 23.55% | 20.3% | 17.42% | 17.7% | 10.88% | 16.09% | 31.38% | 21.38% | 24.46% | 23.38% |
| Operating Income Growth % | -5.62% | 1423.81% | 10.31% | 4.3% | 4.71% | -93.32% | 0.67% | 11.96% | 30.99% | 40.12% | 127.41% | 34.44% | -39.54% | -7.17% | -50.44% | -22.07% | 50.94% | 3.57% | 5.58% | 30.84% |
| EBITDA | 638M | 999M | 1.2B | 1.08B | 964M | 246M | 1.08B | 1.07B | 935M | 1.13B | 1.07B | 944M | 770M | 852M | 566M | 748M | 1.15B | 910M | 965M | 912M |
| EBITDA Margin % | 16.05% | 22.2% | 27.89% | 26.01% | 26.52% | 6.04% | 27.68% | 27.18% | 26.96% | 29.09% | 28.2% | 24.91% | 22.96% | 22.4% | 15.63% | 21.05% | 37.3% | 26.84% | 29.69% | 29.04% |
| EBITDA Growth % | -33.82% | 306.1% | 11.51% | 1.59% | 3.1% | -78.13% | 0.37% | 12.92% | 21.43% | 32.04% | 89.58% | 26.2% | -32.93% | -6.37% | -41.35% | -17.98% | 40.86% | 5.45% | 5.12% | 26.14% |
| D&A (Non-Cash Add-back) | 0 | 39M | 206M | 185M | 163M | 183M | 175M | 205M | 170M | 182M | 177M | 175M | 186M | 179M | 172M | 176M | 182M | 185M | 170M | 178M |
| EBIT | 638M | 695M | 1.04B | 898M | 808M | 93M | 908M | 876M | 772M | 963M | 901M | 785M | 604M | 681M | 390M | 388M | 953M | 1.23B | 794M | 738M |
| Net Interest Income | -281M | -238M | -188M | -182M | -119M | -173M | -175M | -182M | -152M | -141M | -135M | -133M | -187M | -113M | -111M | -88M | -255M | -124M | -109M | -120M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 281M | 238M | 188M | 182M | 119M | 173M | 175M | 182M | 152M | 141M | 135M | 133M | 187M | 113M | 111M | 88M | 255M | 124M | 109M | 120M |
| Other Income/Expense | -399M | -503M | -143M | -180M | -141M | -217M | -100M | -189M | -171M | -44M | -232M | -156M | -3M | -115M | -211M | -359M | -201M | 384M | -117M | -121M |
| Pretax Income | 357M | 457M | 852M | 718M | 660M | -154M | 802M | 672M | 594M | 899M | 664M | 613M | 581M | 558M | 183M | 213M | 765M | 1.11B | 678M | 613M |
| Pretax Margin % | 8.98% | 10.16% | 19.79% | 17.25% | 18.16% | -3.78% | 20.61% | 17.13% | 17.13% | 23.25% | 17.45% | 16.18% | 17.33% | 14.67% | 5.05% | 5.99% | 24.85% | 32.7% | 20.86% | 19.52% |
| Income Tax | 87M | 104M | 190M | 171M | 143M | -10M | 186M | 157M | 140M | 206M | 146M | 110M | 114M | 105M | 4M | -5M | 180M | 266M | 149M | 165M |
| Effective Tax Rate % | 24.37% | 22.76% | 22.3% | 23.82% | 21.67% | 6.49% | 23.19% | 23.36% | 23.57% | 22.91% | 21.99% | 17.94% | 19.62% | 18.82% | 2.19% | -2.35% | 23.53% | 23.99% | 21.98% | 26.92% |
| Net Income | 270M | 353M | 662M | 547M | 517M | -144M | 616M | 515M | 454M | 693M | 518M | 503M | 467M | 453M | 180M | 218M | 585M | 843M | 530M | 448M |
| Net Margin % | 6.79% | 7.85% | 15.37% | 13.14% | 14.22% | -3.54% | 15.83% | 13.13% | 13.09% | 17.92% | 13.61% | 13.28% | 13.93% | 11.91% | 4.97% | 6.13% | 19.01% | 24.86% | 16.31% | 14.27% |
| Net Income Growth % | -47.78% | 345.14% | 7.47% | 6.21% | 13.88% | -120.78% | 18.92% | 2.39% | -2.78% | 52.98% | 187.78% | 130.73% | -20.17% | -46.26% | -66.04% | -51.34% | 80% | 96.96% | 19.64% | 50.34% |
| Net Income (Continuing) | 270M | 353M | 662M | 547M | 517M | -144M | 616M | 515M | 454M | 693M | 518M | 503M | 467M | 453M | 179M | 218M | 585M | 843M | 529M | 448M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.92B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | -1M | -1M | -1M | 0 | 0 | 0 | 0 | 1M |
| EPS (Diluted) | 0.20 | 0.26 | 0.49 | 0.40 | 0.38 | -0.11 | 0.45 | 0.38 | 0.33 | 0.49 | 0.37 | 0.36 | 0.33 | 0.32 | 0.13 | 0.15 | 0.41 | 0.59 | 0.37 | 0.31 |
| EPS Growth % | -47.37% | 336.36% | 8.89% | 5.26% | 15.15% | -122.45% | 21.62% | 5.56% | 0% | 53.13% | 184.62% | 140% | -19.51% | -45.76% | -64.86% | -51.61% | 78.26% | 96.67% | 19.35% | 47.62% |
| EPS (Basic) | 0.20 | 0.26 | 0.49 | 0.40 | 0.38 | -0.11 | 0.45 | 0.38 | 0.33 | 0.50 | 0.37 | 0.36 | 0.33 | 0.32 | 0.13 | 0.15 | 0.41 | 0.59 | 0.37 | 0.32 |
| Diluted Shares Outstanding | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.37B | 1.36B | 1.36B | 1.39B | 1.4B | 1.41B | 1.41B | 1.42B | 1.43B | 1.43B | 1.43B | 1.43B | 1.43B | 1.43B | 1.43B |
| Basic Shares Outstanding | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.38B | 1.39B | 1.4B | 1.4B | 1.41B | 1.42B | 1.42B | 1.42B | 1.42B | 1.42B | 1.42B | 1.42B |
| Dividend Payout Ratio | - | 88.67% | 47.13% | 57.22% | 60.35% | - | 47.4% | 56.7% | 65.86% | 43.29% | 53.86% | 56.06% | 60.17% | 62.69% | 147.22% | 122.02% | 45.3% | 31.79% | 49.62% | 51.79% |