Keurig Dr Pepper Inc. (KDP) — Financial statements
Income statement, balance sheet, and cash flow for Keurig Dr Pepper Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 16,603↑8.2% | 15,351↑3.6% | 14,814↑5.4% | 14,057↑10.8% | 12,683 | |
| Cost of Revenue | 7,902↑15.8% | 6,822↑1.3% | 6,734↑0.0% | 6,734↑18.0% | 5,706 | |
| Gross Profit | 8,701↑2.0% | 8,529↑5.6% | 8,080↑10.3% | 7,323↑5.0% | 6,977 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 5,053↑0.8% | 5,013↑2.1% | 4,912↑5.7% | 4,645↑11.8% | 4,153 | |
| Other Expenses | 0.00↓100.0% | 925↑3954.2% | -24↓132.9% | 73↑204.3% | -70 | |
| Operating Expenses | 5,053↓14.9% | 5,938↑21.5% | 4,888↑3.6% | 4,718↑15.6% | 4,083 | |
| Total Costs & Expenses | 12,955↑1.5% | 12,760↑9.8% | 11,622↑1.5% | 11,452↑17.0% | 9,789 | |
| Operating Results | ||||||
| Operating Income | 3,648↑40.8% | 2,591↓18.8% | 3,192↑22.5% | 2,605↓10.0% | 2,894 | |
| Depreciation & Amortization | 753↑2.7% | 733↑1.8% | 720↑1.6% | 709↑0.1% | 708 | |
| EBITDA | 4,194↑24.0% | 3,382↓14.9% | 3,973↑27.3% | 3,121↓22.1% | 4,006 | |
| EBIT | 3,441↑29.9% | 2,649↓18.6% | 3,253↑34.9% | 2,412↓26.9% | 3,298 | |
| Interest & Other Income | ||||||
| Net Interest Income | -754↓10.2% | -684↓14.8% | -596↓27.4% | -468↑10.9% | -525 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 754↑10.2% | 684↑14.8% | 596↑27.4% | 468↓10.9% | 525 | |
| Non-Operating Income | 207↑456.9% | -58↑4.9% | -61↓131.6% | 193↑147.8% | -404 | |
| Other Income / Expenses | -961↓41.9% | -677↓55.6% | -435↑50.9% | -886↓822.9% | -96 | |
| Income Before Tax | 2,687↑40.4% | 1,914↓30.6% | 2,757↑60.4% | 1,719↓38.6% | 2,798 | |
| Income Tax Expense | 608↑28.5% | 473↓17.9% | 576↑102.8% | 284↓56.5% | 653 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,079↑44.3% | 1,441↓33.9% | 2,181↑52.0% | 1,435↓33.1% | 2,145 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,079↑44.3% | 1,441↓33.9% | 2,181↑51.9% | 1,436↓33.1% | 2,146 | |
| Bottom-Line Net Income | 2,079↑44.3% | 1,441↓33.9% | 2,181↑51.9% | 1,436↓33.1% | 2,146 | |
| EPS (Basic) | 1.53↑44.3% | 1.06↓32.1% | 1.56↑54.5% | 1.01↓33.6% | 1.52 | |
| EPS (Diluted) | 1.53↑45.7% | 1.05↓32.3% | 1.55↑53.5% | 1.01↓32.7% | 1.50 | |
| Weighted Average Shares | 1,358↓0.3% | 1,362↓2.7% | 1,399↓1.2% | 1,417↑0.1% | 1,416 | |
| Weighted Average Diluted Shares | 1,363↓0.4% | 1,368↓2.8% | 1,408↓1.4% | 1,429↑0.0% | 1,428 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.