Keurig Dr Pepper Inc. (KDP) income statement
NASDAQ · Consumer Defensive · Beverages - Non-Alcoholic · 30,600 employees · CEO Timothy Cofer
- Price
- $37.35 +1.8%
- Market cap
- $51.2B
- Enterprise value
- $78.7B Data as of 2026-11-11
- Last report
- Q3 '26 filed 2026-11-09
- Next report
- 2027-02-23 EPS est. $0.67
Keurig Dr Pepper Inc. (KDP) reported revenue of $7.34B for Q3 '26 (+70.6% year on year), operating income of $1.33B (18.2% of revenue) and net income of $882M. Over the last four quarters revenue was $23.1B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.87B | $3.47B | $3.92B | $3.89B | $4.07B | $3.64B | $4.16B | $4.31B | $4.5B | $3.98B | $7.31B | $7.34B | |
| Cost of revenue | $1.68B | $1.53B | $1.75B | $1.75B | $1.79B | $1.65B | $1.91B | $1.97B | $2.08B | $1.88B | $4.24B | $3.82B | |
| Gross profit | $2.18B | $1.94B | $2.17B | $2.14B | $2.28B | $1.99B | $2.26B | $2.34B | $2.42B | $2.1B | $3.07B | $3.53B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.14B | |
| Other operating expenses | -$17M | -$1M | $16M | -$7M | $199M | -$8M | $1M | $1M | $1M | $0 | $124M | $55M | |
| Operating expenses | $1.24B | $1.18B | $1.31B | $1.24B | $1.5B | $1.18B | $1.36B | $1.35B | $1.46B | $1.34B | $2.4B | $2.19B | |
| Operating income | $943M | $765M | $861M | $902M | $781M | $801M | $898M | $995M | $959M | $756M | $669M | $1.33B | |
| Interest expense | $141M | $152M | $182M | $175M | $173M | $119M | $182M | $188M | $238M | $281M | $336M | $474M | |
| Other non-operating income (gains on investments, FX ...) | -$20M | -$7M | -$15M | -$6M | $688M | -$7M | -$2M | -$45M | $264M | $118M | $0 | -$353M | |
| Total non-operating income | -$44M | -$171M | -$189M | -$100M | -$935M | -$141M | -$180M | -$143M | -$502M | -$399M | -$364M | -$121M | |
| Income before tax | $899M | $594M | $672M | $802M | -$154M | $660M | $718M | $852M | $457M | $357M | $305M | $1.21B | |
| Income tax | $206M | $140M | $157M | $186M | -$10M | $143M | $171M | $190M | $104M | $87M | $95M | $260M | |
| Net income | $693M | $454M | $515M | $616M | -$144M | $517M | $547M | $662M | $353M | $270M | $142M | $882M | |
| EPS (basic) | $0.50 | $0.33 | $0.38 | $0.45 | -$0.11 | $0.38 | $0.40 | $0.49 | $0.26 | $0.20 | $0.04 | $0.60 | |
| EPS (diluted) | $0.49 | $0.33 | $0.38 | $0.45 | -$0.11 | $0.38 | $0.40 | $0.49 | $0.26 | $0.20 | $0.04 | $0.59 | |
| Shares (basic, weighted) | 1.39B | 1.38B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | |
| Shares (diluted, weighted) | 1.4B | 1.39B | 1.36B | 1.36B | 1.37B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.36B | 1.37B | |
| Depreciation & amortization | $182M | $170M | $205M | $175M | $183M | $163M | $185M | $206M | $199M | $185M | $380M | $373M | |
| EBITDA | $1.15B | $942M | $1.08B | $1.08B | $276M | $971M | $1.09B | $1.25B | $894M | $823M | $1.05B | $2.06B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.44B | $6.69B | $7.44B | $11.1B | $11.6B | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B | |
| Cost of revenue | $2.58B | $2.7B | $3.56B | $4.78B | $5.13B | $5.71B | $6.73B | $6.73B | $6.82B | $7.6B | |
| Gross profit | $3.86B | $4B | $3.88B | $6.34B | $6.49B | $6.98B | $7.32B | $8.08B | $8.53B | $9B | |
| Other operating expenses | $96M | $51M | $10M | $2M | $28M | -$70M | -$105M | -$26M | $207M | -$5M | |
| Operating expenses | $2.43B | $2.61B | $2.65B | $3.96B | $4.01B | $4.08B | $4.54B | $4.89B | $5.22B | $5.35B | |
| Operating income | $1.43B | $1.39B | $1.24B | $2.38B | $2.48B | $2.89B | $2.78B | $3.19B | $3.31B | $3.65B | |
| Interest income | $3M | $3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $140M | $168M | $446M | $647M | $597M | $525M | $468M | $596M | $684M | $754M | |
| Other non-operating income (gains on investments, FX ...) | $3M | $51M | -$6M | $30M | $123M | -$404M | $371M | -$59M | $660M | $212M | |
| Total non-operating income | -$152M | -$217M | -$446M | -$684M | -$727M | -$96M | -$1.06B | -$437M | -$1.4B | -$966M | |
| Income before tax | $1.28B | $1.17B | $791M | $1.69B | $1.75B | $2.8B | $1.72B | $2.76B | $1.91B | $2.69B | |
| Income tax | $434M | $95M | $202M | $440M | $428M | $653M | $284M | $576M | $473M | $608M | |
| Net income | $847M | $1.08B | $586M | $1.25B | $1.33B | $2.15B | $1.44B | $2.18B | $1.44B | $2.08B | |
| EPS (basic) | $4.57 | $5.91 | $0.54 | $0.89 | $0.94 | $1.52 | $1.01 | $1.56 | $1.06 | $1.53 | |
| EPS (diluted) | $4.54 | $5.89 | $0.53 | $0.88 | $0.93 | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 | |
| Shares (basic, weighted) | 185M | 182M | 1.09B | 1.41B | 1.41B | 1.42B | 1.42B | 1.4B | 1.36B | 1.36B | |
| Shares (diluted, weighted) | 187M | 183M | 1.1B | 1.42B | 1.42B | 1.43B | 1.43B | 1.41B | 1.37B | 1.36B | |
| Depreciation & amortization | $224M | $229M | $434M | $658M | $653M | $708M | $709M | $720M | $733M | $753M | |
| EBITDA | $1.65B | $1.57B | $1.68B | $3.01B | $3.01B | $4.01B | $3.12B | $3.97B | $3.38B | $4.19B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-11