Keurig Dr Pepper Financial Statements
NASDAQ: KDPConsumer StaplesBeverages (Production/Distribution)USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Keurig Dr Pepper revenue and earnings
In fiscal 2025, Keurig Dr Pepper generated $16.60 billion in revenue, up 8.2% from fiscal 2024, its 9th consecutive year of revenue growth. Net income was $2.08 billion (+44.3% year over year), for a net margin of 12.5% versus a median of 11.4% in the prior 5 years. Gross margin was 54.2% (down from 55.6%) and operating margin 21.5%.
Diluted earnings per share came in at $1.53, up from $1.05. Over the last 5 fiscal years, KDP's revenue has grown at a 7.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Keurig Dr Pepper income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20172017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.60B | 15.35B | 14.81B | 14.06B | 12.68B | 11.62B | 11.12B | 7.44B | 6.69B | 4.27B |
| Revenue growth (YoY) | +8.16% | +3.62% | +5.39% | +10.83% | +9.17% | +4.48% | +49.42% | +11.24% | +56.71% | -33.71% |
| Cost of Revenue | 7.60B | 6.82B | 6.73B | 6.73B | 5.71B | 5.13B | 4.78B | 3.56B | 2.69B | 2.23B |
| Gross Profit | 9.00B | 8.53B | 8.08B | 7.32B | 6.98B | 6.49B | 6.34B | 3.88B | 4.00B | 2.04B |
| Operating Expenses | 5.42B | 5.94B | 4.89B | 4.72B | 4.08B | 4.01B | 3.96B | 2.65B | 2.61B | 1.15B |
| Research & Development | 70.00M | 70.00M | 66.00M | 65.00M | 66.00M | 69.00M | 81.00M | 64.00M | 20.00M | 56.00M |
| Selling, General & Admin | 5.35B | 5.01B | 4.91B | 4.64B | 4.15B | 3.98B | 3.96B | 2.63B | 2.56B | 1.15B |
| Operating Income | 3.58B | 2.59B | 3.19B | 2.60B | 2.89B | 2.48B | 2.38B | 1.24B | 1.39B | 897.00M |
| Interest Expense | — | — | 496.00M | 693.00M | 500.00M | 604.00M | 654.00M | 401.00M | 164.00M | 101.00M |
| Other Income (Expense) | -134.00M | 58.00M | 61.00M | -14.00M | 2.00M | -17.00M | -19.00M | 19.00M | 8.00M | -44.00M |
| Pretax Income | 2.69B | 1.91B | 2.76B | 1.72B | 2.80B | 1.75B | 1.69B | 791.00M | 1.17B | 567.00M |
| Income Tax | 608.00M | 473.00M | 576.00M | 284.00M | 653.00M | 428.00M | 440.00M | 202.00M | 95.00M | 184.00M |
| Net Income | 2.08B | 1.44B | 2.18B | 1.44B | 2.15B | 1.32B | 1.25B | 586.00M | 1.08B | 378.00M |
| Net Income growth (YoY) | +44.27% | -33.93% | +51.88% | -33.08% | +61.96% | +5.66% | +113.99% | -45.54% | +184.66% | -55.37% |
| EPS (Basic) | 1.53 | 1.06 | 1.56 | 1.01 | 1.52 | 0.94 | 0.89 | 0.54 | 5.91 | 0.48 |
| EPS (Diluted) | 1.53 | 1.05 | 1.55 | 1.01 | 1.50 | 0.93 | 0.88 | 0.53 | 5.89 | 0.47 |
| Shares Outstanding (Basic) | 1.36B | 1.36B | 1.40B | 1.42B | 1.42B | 1.41B | 1.41B | 1.09B | 182.00M | 790.50M |
| Shares Outstanding (Diluted) | 1.36B | 1.37B | 1.41B | 1.43B | 1.43B | 1.42B | 1.42B | 1.10B | 182.80M | 790.50M |
| EBITDA | 4.03B | 3.01B | 3.59B | 3.00B | 3.30B | 2.84B | 2.74B | 1.47B | 1.49B | 1.04B |
| Gross Margin | 54.20% | 55.56% | 54.54% | 52.10% | 55.01% | 55.83% | 57.03% | 52.16% | 59.72% | 47.88% |
| Operating Margin | 21.53% | 16.88% | 21.55% | 18.53% | 22.82% | 21.35% | 21.38% | 16.62% | 20.75% | 21.01% |
| Net Margin | 12.52% | 9.39% | 14.72% | 10.22% | 16.92% | 11.40% | 11.28% | 7.87% | 16.08% | 8.85% |
This table shows 10 annual periods of Keurig Dr Pepper's income statement, from FY 2025 back to FY 2017, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow KDP's reporting calendar. What is a income statement?