The financials
Keurig Dr Pepper by the numbers
Keurig Dr Pepper (KDP) reported revenue of $7.31B in Q2 2026 (quarter ended June 30, 2026), up 76% from the same quarter a year earlier. That came with a gross margin of 42% and net income of $142M (1.9% of revenue). For the full year FY2025, revenue was $16.6B (+8.2% year on year) and net income $2.08B. Its largest segment in 2026-Q2 was US Refreshment Beverages at $2.92B, 40% of the disclosed total, just ahead of JDE Peets at 38%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $7.31B | $4.16B | +76% |
| Gross profit | $3.07B | $2.25B | +36% |
| Operating income | $628M | $898M | −30% |
| Net income | $142M | $547M | −74% |
| Diluted EPS | $0.04 | $0.40 | −90% |
| Operating | Revenue | Share |
|---|---|---|
| US Refreshment Beverages | $2.92B | 40% |
| JDE Peets | $2.80B | 38% |
| US Coffee | $918M | 13% |
| KDP International | $664M | 9.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $7.31B (+84%)
KDP International grew +20% year on yearUS Coffee -3.2% year on year
Segment Latestquarter on quarteryear on year
- US Refreshment Beverages$2.92B$2.92BQoQ +13%year on year +10.0%+13%+10.0%
- JDE Peets$2.80B$2.80BQoQ -year on year ---
- US Coffee$918.0M$918.0MQoQ +7.1%year on year -3.2%+7.1%-3.2%
- KDP International$664.0M$664.0MQoQ -year on year +20%-+20%
- International--QoQ -year on year ---
Beverages - Non-Alcoholic
Ranks #8 of 10 by Smart Score