Growth Metrics

Keurig Dr Pepper (KDP) Cost of Revenue (2016 - 2025)

Keurig Dr Pepper (KDP) has disclosed Cost of Revenue for 17 consecutive years, with $2.1 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 16.01% to $2.1 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $7.6 billion, a 11.46% increase, with the full-year FY2025 number at $7.6 billion, up 11.46% from a year prior.
  • Cost of Revenue was $2.1 billion for Q4 2025 at Keurig Dr Pepper, up from $2.0 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.1 billion in Q4 2025 to a low of $1.3 billion in Q1 2021.
  • A 5-year average of $1.7 billion and a median of $1.7 billion in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: rose 29.78% in 2022, then decreased 6.86% in 2023.
  • Keurig Dr Pepper's Cost of Revenue stood at $1.6 billion in 2021, then rose by 11.61% to $1.8 billion in 2022, then decreased by 6.86% to $1.7 billion in 2023, then rose by 6.54% to $1.8 billion in 2024, then grew by 16.01% to $2.1 billion in 2025.
  • Per Business Quant, the three most recent readings for KDP's Cost of Revenue are $2.1 billion (Q4 2025), $2.0 billion (Q3 2025), and $1.9 billion (Q2 2025).