Keurig Dr Pepper (KDP) financial statements
- FY2025 revenue
- $16.6B▲ +8.2%
- FY2025 net income
- $2.1B▲ +44.3%
- FY2025 diluted EPS
- $1.53▲ +45.7%
- FY2025 free cash flow
- $1.5B▼ −9.1%
Keurig Dr Pepper income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 16,603 | 15,351 | 14,814 |
| Gross profit | 8,999 | 8,529 | 8,080 |
| Operating income | 3,575 | 2,591 | 3,192 |
| Pretax income | 2,687 | 1,914 | 2,757 |
| Net income | 2,079 | 1,441 | 2,181 |
| Diluted earnings per share | 1.53 | 1.05 | 1.55 |
Keurig Dr Pepper balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 1,026 | 608 | 267 |
| Total assets | 55,459 | 53,430 | 52,130 |
| Total liabilities | 29,943 | 29,187 | 26,454 |
| Total equity | 25,516 | 24,243 | 25,676 |
| Long-term debt | 13,036 | 12,912 | 9,945 |
Keurig Dr Pepper cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 1,991 | 2,219 | 1,329 |
| Capital expenditure | -486 | -563 | -425 |
| Free cash flow (derived) | 1,505 | 1,656 | 904 |
| Dividends paid | -1,250 | -1,194 | -1,142 |
| Share repurchases | -9 | -1,110 | -706 |
Quarterly highlights
| USD millions | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 | 30 Sep 2025 |
| Revenue (derived) | 7,309 | 3,976 | 4,499 | 4,306 |
| Operating income (derived) | 628 | 756 | 881 | 995 |
| Net income (derived) | 142 | 270 | 353 | 662 |
| Diluted earnings per share | 0.04 | 0.20 | n/a | 0.49 |
| Operating cash flow (derived) | 895 | 281 | 712 | 639 |
| Total assets | 87,619 | 73,140 | 55,459 | 54,605 |
Keurig Dr Pepper major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Abigail P. Johnson | 12.7% | 172,253,105 | 6 August 2026 |
| FMR LLC | 12.7% | 172,253,105 | 6 August 2026 |
| Capital World Investors | 8.8% | 120,099,461 | 12 August 2026 |
| BlackRock, Inc. | 8.5% | 115,882,749 | 29 July 2026 |
| Vanguard Capital Management | 7.3% | 99,658,889 | 30 April 2026 |
Keurig Dr Pepper 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 1 October 2026 | 8-K | Current report | Current report |
| 28 September 2026 | 8-K | Current report | Current report |
| 16 September 2026 | 8-K | Current report | Current report |
| 1 September 2026 | 8-K | Current report | Current report |
| 12 August 2026 | 8-K | Current report | Current report |
| 10 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 6 August 2026 | 8-K | Current report | Current report |
| 25 June 2026 | 8-K | Current report | Current report |
Common questions
What was Keurig Dr Pepper's revenue in fiscal 2025?
Keurig Dr Pepper reported $16.6 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 8.2% from fiscal 2024.
What was Keurig Dr Pepper's net income in fiscal 2025?
Keurig Dr Pepper reported net income of $2.1 billion for fiscal 2025, the year ended 31 December 2025, up 44.3% from fiscal 2024. Diluted earnings per share were $1.53.
What was Keurig Dr Pepper's free cash flow in fiscal 2025?
Keurig Dr Pepper had $1.5 billion in free cash flow in fiscal 2025. Operating cash flow was $2.0 billion and capital expenditure was $486 million.
What were Keurig Dr Pepper's total assets at the end of fiscal 2025?
Keurig Dr Pepper reported total assets of $55.5 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Keurig Dr Pepper history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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