Keurig Dr Pepper Inc. (KDP) Financial Statements

Keurig Dr Pepper Inc.

KDP · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$16.60B	$15.35B	$14.81B	$14.06B	$12.68B	$11.62B	$11.12B	$7.44B
Cost of Revenue	$7.60B	$6.82B	$6.73B	$6.73B	$5.71B	$5.13B	$4.78B	$3.56B
Gross Profit	$9.00B	$8.53B	$8.08B	$7.32B	$6.98B	$6.49B	$6.34B	$3.88B
Research & Development	$70.00M	$70.00M	$66.00M	$65.00M	$66.00M	$69.00M	$81.00M	$64.00M
Selling, General & Administrative	$5.35B	$5.01B	$4.91B	$4.64B	$4.15B	$3.98B	$3.96B	$2.63B
Operating Income	$3.58B	$2.59B	$3.19B	$2.60B	$2.89B	$2.48B	$2.38B	$1.24B
Interest Expense	—	—	$496.00M	$693.00M	$500.00M	$604.00M	$654.00M	$401.00M
Other Income / (Expense)	-$134.00M	$58.00M	$61.00M	-$14.00M	$2.00M	-$17.00M	-$19.00M	$19.00M
Income Before Taxes	$2.69B	$1.91B	$2.76B	$1.72B	$2.80B	$1.75B	$1.69B	$791.00M
Provision for Income Taxes	$608.00M	$473.00M	$576.00M	$284.00M	$653.00M	$428.00M	$440.00M	$202.00M
Net Income	$2.08B	$1.44B	$2.18B	$1.44B	$2.15B	$1.32B	$1.25B	$586.00M
Basic EPS	$1.53	$1.06	$1.56	$1.01	$1.52	$0.94	$0.89	$0.54
Diluted EPS	$1.53	$1.05	$1.55	$1.01	$1.50	$0.93	$0.88	$0.53
Basic Shares Outstanding	1.36B	1.36B	1.40B	1.42B	1.42B	1.41B	1.41B	1.09B
Diluted Shares Outstanding	1.36B	1.37B	1.41B	1.43B	1.43B	1.42B	1.42B	1.10B

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$2.30	$2.29	$2.31	7	↑0 ↓1
Dec 2027	$2.52	$2.42	$2.58	8	↑0 ↓2
Dec 2028	$2.76	$2.73	$2.77	4	↑0 ↓0
Dec 2029	$2.88	$2.88	$2.88	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: KDP
Type: Stock
Sector: Consumer Staples
Industry: Beverages (Production/Distribution)
Exchange: NASDAQ-GS

Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands serving a wide range of needs and occasions. Its North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers, with iconic brands including Dr Pepper, Canada Dry, Mott's, A&W, Penafiel, GHOST, 7UP, Snapple, Clamato and Core Hydration. Its global coffee business spans more than 100 markets and includes the leading Keurig single-serve brewing system in the U.S. and Canada, along with brands such as Peet's, L'OR and Jacobs and other regional coffee leaders. More than 50,000 employees work to enhance every beverage and coffee occasion while making a positive impact on people, communities and the planet. Learn more at Keurig Dr Pepper and follow @KeurigDrPepper on LinkedIn and Instagram.

Key Issues

Bullish view

Pricing is expected to support second-quarter performance, while margin discipline could help protect profitability despite a difficult cost environment.

Bearish view

Inflation and tariff pressures could absorb pricing benefits, limiting margin expansion and weakening earnings quality.

Analyst Consensus

See all

Buy

17 analysts

$35

Current

—

Low

$38

Average

—

High

Average target implies +8.48% versus the current price.

Earnings History

BeatMissNo estimate

Keurig Dr Pepper Inc.

Analyst Estimates

Peers