Keurig Dr Pepper (KDP): financials, SEC filings and peers

Keurig Dr Pepper (KDP) is a soft drinks & non-alcoholic beverages company in the Consumer Staples sector of the S&P 500, headquartered in Burlington, Massachusetts.

It was founded in 1981 and joined the S&P 500 on June 21, 2022.

Its fiscal year ends in December, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Beverages”.

Keurig Dr Pepper at a glance

Revenue (12 months): $20.1B
Revenue growth: +27.5%
Operating margin: 16.2%
Net income (12 months): $1.4B
Free cash flow (12 months): $2.0B
Cash: $1.5B
Debt: $24.8B
Diluted EPS (12 months): $0.99

Twelve months to June 30, 2026, from the 10-Q filed August 10, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Keurig Dr Pepper reported revenue of $20.1 billion, up a strong 27.5% from $15.8 billion a year earlier.

Its operating margin was 16.2%: for every $100 of sales, about $16 was left as operating profit.

Net income was $1.4 billion (7.1% of revenue), 7.1% lower than a year earlier.

Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.

Operating cash flow was $2.5 billion and capital spending $557 million, leaving free cash flow of $2.0 billion (9.8% of revenue).

At the end of the period it held $1.5 billion in cash and $24.8 billion in debt, a net debt position of $23.3 billion.

Five-year trend

Revenue went from $11.6 billion in fiscal 2020 to $16.6 billion in fiscal 2025, about 7.4% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin has been steady, around 21.5%.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$12.7B	$14.1B	$14.8B	$15.4B	$16.6B
Revenue growth	9.2%	10.8%	5.4%	3.6%	8.2%
Operating margin	22.8%	18.5%	21.5%	16.9%	21.5%
Net income	$2.1B	$1.4B	$2.2B	$1.4B	$2.1B
Free cash flow	$2.5B	$2.5B	$904M	$1.7B	$1.5B
Diluted EPS	$1.50	$1.01	$1.55	$1.05	$1.53

Fiscal years as reported in Keurig Dr Pepper’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

8-K filed September 16, 2026 — Other event
8-K filed September 1, 2026 — Other event
8-K filed August 12, 2026 — Executive or director change
10-Q filed August 10, 2026 — quarterly report
8-K filed August 6, 2026 — Earnings results
8-K filed June 25, 2026 — Executive or director change
8-K filed June 23, 2026 — Regulation FD disclosure; Other event
8-K filed June 18, 2026 — Shareholder vote results; Other event

All Keurig Dr Pepper filings on SEC EDGAR

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Questions about Keurig Dr Pepper

Is Keurig Dr Pepper's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $20.1 billion, up 27.5% from a year earlier, according to its SEC filings.

Is Keurig Dr Pepper profitable?

Yes. It earned $1.4 billion in net income over the twelve months to June 30, 2026, a net margin of 7.1%.

Does Keurig Dr Pepper have more cash or more debt?

At June 30, 2026 it had $1.5 billion in cash and $24.8 billion in debt, so more debt than cash.

When did Keurig Dr Pepper last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on August 10, 2026.

Which companies are similar to Keurig Dr Pepper?

In the S&P 500, Keurig Dr Pepper is grouped in Soft Drinks & Non-alcoholic Beverages within the Consumer Staples sector. Coca-Cola Company (The) (KO), Monster Beverage (MNST), PepsiCo (PEP) are in the same group.

Understand the numbers

Source: Keurig Dr Pepper’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.